Brandeis International Business School Explores ''Global Imbalances: is a Crisis Inevitable?'' with Leading Central Bankers and Academic Experts.WALTHAM, Mass. -- Will US current account deficits trigger a crisis of confidence in the US economy? The issue will be debated by Latin American, European, and US experts on Tuesday, March 7, 2006, 4:00- 5:30 pm. The American current account deficit is 1 3/4% of world GDP GDP (guanosine diphosphate): see guanine. and rising. This means that the US is attracting roughly 10% of the saving in the rest of the world. Foreigners own an increasing share of the US capital stock. What are the causes the enormous imbalance between domestic saving and domestic investment in the US and what are the consequences? How long can it continue? Will foreign investors lose confidence in the US precipitating the crisis? Participants will include: --Vittorio Corbo, Chairman of the Central Bank of Chile The Central Bank of Chile (Spanish: Banco Central de Chile) is the central bank of Chile. It was created by President Arturo Alessandri in 1925 and incorporated into the current Chilean Constitution by President Augusto Pinochet in 1980. --Vitor Gasper gasp·er n. Chiefly British Slang A cigarette. , Advisor to the Governor, Central Bank of Portugal, and former Director of Research, European Central Bank European Central Bank (ECB) Bank created to monitor the monetary policy of the countries that have converted to the Euro from their local currencies. The original 11 countries are: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, --Richard N. Cooper, Maurits C. Boas Professor of International Economics, Harvard University --Stephen Cecchetti, Professor of International Economics and Finance, Brandeis International Business School The Brandeis International Business School (IBS) at Brandeis University was founded in 1994. Its teaching and research are focused on the global economy. Originally known as the Graduate School of International Economics and Finance, the school has expanded its expertise to The event is organized by the International Business School's Rosenberg Institute of Global Finance. For more information, visit: www.brandeis.edu/global/news_global_imbalance_symposium.php The Brandeis International Business School is a pioneering professional school dedicated to teaching and research in global finance, management and economic policy. The School enrolls 400 graduate students from more than 50 countries, and offers MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , MA, MS Finance, and Ph.D. programs. For more information, visit www.brandeis.edu/global. |
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