Please note the change of venue (extra capacity can now be accomodated)
Henry Grattan Lecture – The European Sovereign Debt Crisis
Speakers: Peter Boone, Mike Dooley, Jean Pisani-Ferry and Ciarán O’Hagan
Date: Tuesday 25 October from 4.00 to 5.45pm
Venue:** Tercentenary Hall, Biomedical Sciences Institute, Trinity College Dublin, Pearse Street
** Please note NEW VENUE
This public lecture will discuss the European Sovereign Debt Crisis one year on from Ireland’s €85 billion bail out by the European Union-International Monetary Fund. This lecture is part of the 2011-2012 Henry Grattan Lecture Series which will address the theme of The Debt Crisis: Causes, Consequences, Controls.
The lecture, which is being jointly organised by the Policy Institute and the Institute for International Integration Studies (IIIS), will be chaired by Philip Lane, Head of the Economics Department, Trinity College Dublin.
Peter Boone has been a nonresident senior fellow at the Peterson Institute since 2011. He is a visiting senior fellow at the London School of Economics (LSE) and a principal at Salute Capital Management. He is also chairman and cofounder of Effective Intervention, a UK-based charity created in 2005 that designs programs to improve children’s health, literacy, and numeracy with the critical distinction of including stringent measurement of outcomes of each program that meet evidentiary standards agreed by leading medical statisticians. He has written and published extensively on measures that can be taken to help those growing up in extremely poor regions better integrate with the increasingly wealthy world around them.
Previously he was head of research and senior partner at Brunswick-UBS, an investment bank based in Moscow. From 1993 to 1997 he was a lecturer in economics and director of the emerging markets finance program at the Centre for Economic Performance at LSE. He has served as a resident macroeconomic adviser to the governments in Russia, Poland, Ukraine, and Mongolia.
His current research interests include the causes of and solutions to recent and nascent financial crises. During 2009–10 he was a member of the LSE Future of Finance group, which brought together some of Britain’s leading academics, policymakers, and financial-market participants for one year to discuss and recommend measures to prevent future financial crises. He is particularly interested in the systemic risks in Europe, Japan, and the United States posed by political systems that tend to create large implicit liabilities for the state, while promoting rather than restricting moral hazard in the financial and corporate world. He earned a PhD in economics from Harvard University in 1990.
>>Back to top
Michael Dooley joined the faculty at UCSC in 1992 following more than 20 years service at the Board of Governors of the Federal Reserve System and the Research Department of the International Monetary Fund. His published research covers a wide range of issues in open economy macroeconomics including work on crises in emerging markets, capital controls, international capital movements, debt restructuring, capital flight, and liberalization of financial markets.
Dooley is a research associate of the National Bureau of Economic Research and is a managing editor of the International Journal of Finance and Economics. Consulting relationships include the International Monetary Fund, World Bank, and Federal Reserve Board. Dooley has been a visiting scholar at the Bank of Japan and has taught at Bucknell University, George Washington University, the University of Chicago Graduate School of Business, the IMF Institute, the World Bank Economic Development Institute, and the Kiel Institute of World Economics.
>>Back to top
Jean Pisani-Ferry has been director of Bruegel since January 2005. He is also a professor of economics with Université Paris-Dauphine. Pisani-Ferry has made his career in research and policy.
After having held positions in research and government in France, he joined the European Commission in 1989 as economic adviser to the Director-General of DG ECFIN. From 1992 to 1997 he was the director of CEPII, the main French research centre in international economics. In 1997, he became senior economic adviser to the French minister of Finance and was later appointed executive president of the French prime minister’s Council of Economic Analysis (2001-2002). From 2002 to 2004, he was senior adviser to the director of the French Treasury.
Pisani-Ferry has held teaching positions with various universities including Ecole polytechnique in Paris and Université libre de Bruxelles. In 2006-2007, he was president of the French economic association. Born in 1951, Pisani-Ferry was initially trained as an engineer and also holds a Master in mathematics. He holds an advanced degree in economics from the Centre d’études des programmes économiques (CEPE, Paris). Pisani-Ferry has a regular column in Le Monde and Handelsblatt.
Ciarán O’Hagan joined Société Générale as Head of Euro Rates Research, Paris in 2005. Prior to Société Générale, Ciaran was at JP Morgan, Lehman Brothers, and CIC, where he contributed to two books on inflation and fixed income. He is a graduate in economics of Trinity College Dublin and St. Cross College, Oxford.
>>Back to top
Tercentenary Hall is located in Trinity’s new Biomedical Sciences Institute on Pearse Street. Please see the following maps for additional details:
Biomedical Sciences Institute Location
Searchable interactive College map
Lectures are open to the public and there is no charge to attend. For additional information or to register for this event please contact The Policy Institute at:
Phone: +353 1 896 3486
7 replies on “Final Reminder – European Sovereign Debt Crisis Roundtable on Tuesday”
On the subject of European debt crisis, Munchau is worth a read before you go:
“Europe is now leveraging for a catastrophe”
This round table is taking place at an interesting moment i.e. in the gap between the two European Councils which have been insisted upon by Germany in order to get the necessary approval of the Finance Committee of the Bundestag.
This raises the question of the approval for what? Hardly a loosely defined negotiating mandate!
In the sea of Irish media coverage, the only item that seems clued in is that borrowed by the Independent from it sister paper in the UK.
Notably the following extract.
“However, leaders of the 17 Eurozone nations called for more detailed study of two possible “models” for boosting the value of the European Financial Stability Facility (EFSF) to at least one trillion euros. These included inviting other countries, or private investors, including China, to invest in a new fund to insure, or guarantee, the debts of larger EU nations such as Italy or Spain”.
As the two options are not mutually exclusive, and may be mutually supporting, one wonders if both may not emerge (despite Wolfgang Munchau’s rather over the top article).
It was also notable that Merkel said that the discussions with the banks were only beginning (!) which would suggest that this may be a battle for another day.
The language on treaty change is also very moderate although the principle has effectively been conceded as a recognition that this is a sine qua non for German agreement to any wider package.
All in all, another example of the EU rescuing itself at the last minute under the pressure of events and self-inflicted failures of policy, notably by the countries of the EZ.
Some background graphics – flagged by Simon Johnston today –
What would Ireland do or not do should Cameron’s coalition find they are confronted by their own back benches demand for UK Referendum: Yes or NO!
Commons is expected to debate the issue @ 22hrs today – Lon time.
UK’s access to Single Market may come into q’ should a national referendum go against the current coalition.
Simon Johnson on the NYT Marsh Graphic
@ hari naidu
The FT covers in its editorial this morning the mishandling of this situation by Cameron (whose ears must still be red from the riposte he got from Sarkozy).
In fact, Cameron is defending a very important point i.e. that the single market applies to all 27 member states and must not be jeopardised. What he dare not say, but should say, is that EMU also applies to all 27 member countries, the Lisbon Treaty setting out in great detail how the relationship between those countries that have, as of now, adopted the euro (both a right and an obligation except in the case of the UK and Denmark that have negotiated permanent derogations but are bound by all other aspects) and those that have not.
Sarkozy, of course, also has a point. It is not possible for the UK to view itself on the sidelines and on the pitch simultaneously when it comes to the actual management of the euro.
I would expect the Tory rebellion to peter out. Now is a most inopportune moment to be highlighting the party’s divisions on Europe.
An interactive version of the NYT graphic. (It would make a great screen saver for aficionados).