Keynote Address: Alan Greenspan: Post-Crisis W...

 

 

 

[ Keynote Address & Talk ]  ‘Post-Crisis World Economy and Governance System’

[Moderator] Ha-joon CHANG, Professor of Economics, University of Cambridge [Speaker] Alan Greenspan, Former Chairman, Federal Reserve Board (1987-2006)

 

 

[ Description ]

 

Spurred by the latest global financial crisis the international community is working to create create a new financial regulatory system to prevent its recurrence. As one such effort, leaders from around the world held G20 summits and announced a shared commitment to tighten financial oversight and regulation and to participate actively the discussion for reforming the international financial organization and its governance system to address the root causes of the global financial crisis which is seemingly passed. However, the recent discovery of alarming fiscal and debt situations in numerous European nations now worry many who fear that the world economy would again be overtaken by a recession after a short Several points to the distrust in credit rating agencies and the financial industry in general, the sharp volatility of stock prices and exchange rates, which may all pose risks to market stability and employment recovery. In this session, renowned Keynote Address Post-Crisis World Economy and Governance System economists will discuss what caused the global financial crisis, whether the crisis is indeed over and whether a stronger governance system (such as Volcker Rule) could applied to prevent the next crisis alike. Their discussions will include forecasting the outlook on the global economy and also Korea's
economy for the near future.

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