Speaker Biographies
November 22, 2005
Andrew Crockett is President of JPMorgan Chase International, and an Executive Committee member of JPMorgan Chase & Co. Before joining JPMorgan Chase, Mr. Crockett had been General Manager (CEO) of the Bank for International Settlements ("The Central Banks' Bank"), serving two five-year terms. At the request of the G- 7 Finance Ministers, he also served from 1999-2003 as the first Chairman of the Financial Stability Forum, a group of senior financial officials from the major economies that monitors the health of the International Financial System. Earlier in his career, Mr. Crockett had held senior positions at the Bank of England and the International Monetary Fund. Mr. Crockett has also served in the past as Chairman of Working Party 3 of the OECD, as Alternate Governor of the IMF for the United Kingdom, as a member of the Monetary Committee of the European Union, and as a Trustee of the International Accounting Standards Committee Foundation. He is currently a member of the Group of 30, a Trustee of the Center for Financial Stability in Argentina, Chairman of the Per Jacobsson Foundation, a member of the International Advisory Panel of the Monetary Authority of Singapore, a member of the International Council of the China Banking Regulatory Commission, a Director of the International Centre for Leadership in Finance (Malaysia), and a trustee of the American University of Beirut. Among honors received by Mr. Crockett are Honorary JD (University of Birmingham) European Banker of the year (2000), and Knight Bachelor (United Kingdom, 2003). He is the author of several books on economic and financial subjects, as well as numerous articles in scholarly publications. Born in Glasgow in 1943, Mr. Crockett was educated at Cambridge and Yale universities.
Desmond Lachman is a resident fellow 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, he 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.
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.
Bennett T. McCallum is the H.J. Heinz Professor of Economics in the Tepper School of Business (formerly the Graduate School of Industrial Administration) at Carnegie Mellon University. His other activities include those of a research associate of the National Bureau of Economic Research, a research advisor for the Federal Reserve Bank of Richmond, a Fellow of the Econometric Society, a member of the Shadow Open Market Committee, and an Honorary Advisor to the Institute for Monetary and Economic Studies of the Bank of Japan. Professor McCallum has been a consultant to the Federal Reserve Board and a visiting scholar at the International Monetary Fund, the Bank of Japan, and the Reserve Bank of New Zealand. He is the author of Monetary Economics: Theory and Policy (Macmillan, 1989) and International Monetary Economics (Oxford Univ. Press, 1996) and has published over 150 papers on a variety of topics in monetary economics, macroeconomics, and econometrics. He currently serves on the editorial boards of the Journal of Monetary Economics; Journal of Money, Credit, and Banking; Economics Letters; and the International Journal of Finance and Economics. He is a former co-editor of the American Economic Review and since 1995 has been co-editor of the Carnegie-Rochester Conference Series on Public Policy.
Edwin M. Truman is a senior fellow at the Institute for International Economics and the author of Inflation Targeting and the World Economy (2003). He was assistant secretary of the U.S. Treasury for International Affairs from December 1998 until January 2001. Before joining the U.S. Treasury, he was on the staff of the Federal Reserve. He was on the staff of the FOMC and was also director, and later staff director, of the Division of International Finance of the Board of Governors of the Federal Reserve System. Mr. Truman has been a member of numerous international groups working on economic and financial issues, including the Financial Stability Forum's Working Group on Highly Leveraged Institutions, the G-10 Working Group on the Resolution of Sovereign Liquidity Crises, and the G-7 Working Group on Exchange Market Intervention. His writing focuses on international monetary economics, international debt problems, economic development, and European economic integration.
