Speaker biographies

Stijn Claessens is the assistant director in the research department of the International Monetary Fund, where he heads the financial studies division. Mr. Claessens worked for fourteen years at the World Bank in various positions and taught for three years at the University of Amsterdam, where he remains a professor of international finance policy. Mr. Claessens has provided policy advice to emerging markets in Latin America and Asia and to transition economies. His research has been published in the Journal of Financial Economics, The Journal of Finance, and The Quarterly Journal of Economics, among others. He has edited several books, including Resolution of Financial Distress (World Bank Institute, 2001) and A Reader in International Corporate Finance (World Bank, 2006). He is an editor at the Journal of Financial Services Research; a fellow at the Centre for Economic Policy Research, the European Corporate Governance Institute, and the Asian Institute of Corporate Governance; and a member of the advisory board of the Millstein Center for Corporate Governance and Performance at Yale University.

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, Mr. Lachman was deputy director in the Policy Development and Review Department at the International Monetary Fund.

Vincent R. Reinhart, a resident scholar at AEI, is a former director of the Federal Reserve Board’s Division of Monetary Affairs who has spent more than two decades working on domestic and international aspects of U.S. monetary policy. He held a number of senior positions in the Divisions of Monetary Affairs and International Finance and spent the last six years of his Federal Reserve career as secretary and economist of the Federal Open Market Committee. Mr. Reinhart has worked on topics as varied as economic bubbles and the conduct of monetary policy, auctions of U.S. Treasury securities, alternative strategies for monetary policy, and the efficient communication of monetary policy decisions.

Angel Ubide is the director of global economics at Tudor Investment Corporation, a leading global funds management company. He is an active member of several international economic policy organizations, including the Euro50 Group, the European Central Bank’s Shadow Governing Council, the Reinventing Bretton Woods Foundation, and the Centre for European Policy Studies. He writes a biweekly column on international economics for El País, the leading newspaper in Spain, and contributes regularly to Vox, Telos, and Aspenia. Mr. Ubide has written extensively on international macroeconomics, banking, and exchange rates, and his work has been published in major international journals and leading newspapers. He was formerly an economist at the International Monetary Fund and a management consultant with McKinsey & Company.

View Event Details