Speaker Biographies

February 2, 2006

Timothy D. Adams is under secretary for international affairs at the U.S. Treasury Department, where he serves as the principal advisor to the secretary of the treasury on international economic issues. He leads the development and implementation of policies in the areas of international finance, trade in financial services, investment, economic development, international debt, and U.S. participation in the International Monetary Fund, the World Bank, and the other multilateral development banks. Adams also coordinates financial market policy with the G-7 industrial nations. Mr. Adams was the policy director for the Bush-Cheney 2004 campaign, where he was a senior member of the campaign leadership and directed the policy operations. From January 2001 to December 2003, he was the chief of staff at the Treasury Department. From early 1993 until March 2000, Adams held several positions at the G7 Group, a Washington-based consulting firm that forecasts and interprets economic and political events for blue-chip global financial institutions, which he co-founded and later led as the managing director. From 1989 until 1993, Adams held several policy-related positions in the administration of President George H. W. Bush. Mr. Adams holds an undergraduate and two graduate degrees from the University of Kentucky.

Yusuke Horiguchi is first deputy managing director and chief economist at the Institute of International Finance (IIF). Before joining the IIF, Mr. Horiguchi spent more than twenty years with the International Monetary Fund, where he became director of the Asia-Pacific Department in February 2000. During this time, he headed missions to the United States, Canada, and Japan, among the G7 countries, as well as China, Russia, Korea, Israel, and many other emerging market economies. Mr. Horiguchi has also taught at Texas A&M University and Rice University and has been a consultant and staff economist for the Organisation for Economic Co-operation and Development.

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.

Edwin M. Truman is a senior fellow at the Institute for International Economics and the author of Inflation Targeting and the World Economy (IIE, 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 Federal Open Market Committee 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.