Speaker Biographies

January 10, 2005

Randal Keith Quarles was sworn in as the Treasury Department’s assistant secretary for international affairs in April 2002. From August 2001 through March 2002, Mr. Quarles served as the U.S. executive director at the International Monetary Fund. His current appointment as assistant secretary is Quarles's second role at the Treasury Department. He served as special assistant to the secretary for banking legislation from 1991 to 1992 and as deputy assistant secretary of the Treasury for financial institutions policy from 1992 to 1993 in the George H.W. Bush administration.. In the private sector, Mr. Quarles was co-head of Davis Polk & Wardwell’s Financial Institutions Group. He has significant experience in advising international banks on cross-border and cross-industry financial regulatory matters. Mr. Quarles has spoken and published on a variety of issues in international finance, and he is a coauthor of Foreign Bank Acquisitions of U.S. Banking Institutions. He is a member of the American Bar Association and the Bar Association of the City of New York and is included in Euromoney's Guide to the World's Leading Banking Lawyers.

Pieter Bottelier is an economist and China scholar, visiting associate professor at Johns Hopkins University (SAIS), an adjunct professor at Harvard University Kennedy School of Government, and an adjunct professor at Georgetown University. He is the author of many articles on China's economy, especially on financial sector issues, reform dynamics, trade and investment. At the World Bank Mr. Bottelier served as senior advisor to the vice president for East Asia, 1997-98; chief of the World Bank's Resident Mission in Beijing, 1993-97; consecutive directorships for Latin America and North Africa, 1987-93; division chief for Mexico, 1983-87; resident chief economist in Jakarta, Indonesia, 1979-83 and desk economist for East and West African countries, 1970-79. Prior to the World Bank, Mr. Bottelier served as a professor at Amsterdam University, 1964-65; advisor to the Ministry of Finance Zambia (Lusaka), 1965-67; consultant to UNCTAD (Geneva) on the global market for non-ferrous metal, 1968 and chief economist and marketing director of the (then) Zambian State-owned copper company (Lusaka), 1968-70.

Morris Goldstein is the Dennis Weatherstone Senior Fellow at the Institute for International Economics (IIE) in Washington, D.C.  His latest IIE publications are "What Kind of Landing for the Chinese Economy" (November 2004, with Nicholas Lardy of the IIE), "Adjusting China’s Exchange Rate Policies" (June 2004) and Controlling Currency Mismatches in Emerging Economies (April 2004,with Philip Turner of the BIS).  His other IIE publications include Managed Floating Plus (IIE, 2002) and Assessing Financial Vulnerability:  An Early Warning System for Emerging Markets (IIE, 2000, with Graciela Kaminsky and Carmen Reinhart).   Prior to joining the IIE in 1994, Dr. Goldstein spent twenty-five years on the IMF staff and the last eight as deputy director of the IMF's research department; in that capacity, he managed the department's work on systemic issues, including the functioning of the exchange-rate system and of international capital markets. In 1999, he was the project director for the Council on Foreign Relations' blue-ribbon task force on the international financial architecture. He is a member of the Bellagio Group. 

Desmond Lachman is a resident scholar at AEI whose research focuses on global currencies, major emerging market economies, and the role of the multilateral lending institutions. He writes extensively on topics such as economic policy, fund arrangements, monetary reform, import restrictions, and exchange rates. Before joining AEI, Mr. Lachman was a managing director and chief emerging market economic strategist at Salomon Smith Barney. Previously, he was deputy director in the Policy Development and Review Department at the International Monetary Fund.

Li Shantong is the director general of the Department of Development Strategy and Regional Economy of Development Research Center of the State Council, which provides major policy consultative service for the Chinese government.  She is member of Chinese People's Political Consultative Conference since 2003.  She joined Development Research Center in 1981 and participated in several joint research projects, for example, an "industrial policy" project with the World Bank from March-June 1989. She was a visiting scholar at the Urban Institute, Washington D.C. from 1987-1988. Ms. Shantong was deputy director of "China’s industrial policy in Transitional Regime" from 1988-1991, supported by the World Bank; deputy director of "Integrated Economic Development Policy and Planning" from 1990-1993, supported by the United Nations Development Programme and "Regional Development in China" from 1990-1993, supported by the Asian Development Bank. In recent years she has worked with the World Bank researchers on China and the WTO on national market integration in China. She became the vice director of DRC's Bureau of Development and Forecasting in 1990 and became Director of that Bureau in 1995.

John H. Makin is a resident scholar at AEI and a principal at Caxton Associates, L.L.C., in New York City, a major investor in foreign exchange, commodity, and currency markets. Before joining both AEI and Caxton, Mr. Makin was director of the Institute for Economic Research and professor of economics at the University of Washington in Seattle. He has served as a consultant to the U.S. Treasury, the Federal Reserve System, the International Monetary Fund, and the Bank of Japan. He was a member of the panel of economic advisers of the Congressional Budget Office. From 1988 to 1992, Mr. Makin served as chairman of the Japan-United States Friendship Commission, which administers $4.5 million in research grants on Japanese-U.S. policy research and cultural exchange. He testifies frequently before both houses of Congress on issues such as international competitiveness, trade, tax, and budget policy. Mr. Makin is coauthor of Debt and Taxes: How America Got into Its Budget Mess and What to Do about It (1994) and has written or edited more than a dozen books on a wide range of economic subjects.

Jeffrey Frankel is the James W. Harpel Professor of Capital Formation and Growth at Harvard’s Kennedy School of Government.    He is director of the program in International Finance and Macroeconomics at the National Bureau of Economic Research, where he is also a member of the Business Cycle Dating Committee, which officially declared the 2001 recession.  He was appointed to the Council of Economic Advisers by President Clinton in 1996.  His responsibilities included international economics, macroeconomics, and the environment.  He left the council for Harvard in 1999.  Before moving east, he was professor of economics at the University of California–Berkeley, having joined the faculty in 1979.   Other past appointments include the Brookings Institution, Federal Reserve Board, Institute for International Economics, International Monetary Fund, University of Michigan, and Yale. His research interests include international finance, monetary policy, regional blocs, Asia, and global environmental issues.  Recent books include American Economic Policy in the 1990s (MIT Press: 2002).

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