The International Capital Market Reconsidered
The fluidity of international financial flows has posed and continues to pose challenges to nations' economic and social goals. What factors explain the emergence of a truly global international capital market since the mid-20th century, and can they help us to understand why globalized finance has not suffered nearly as severe a popular backlash as globalized production?
This event is part of the C.D. Howe Institute's Scholars' Webinar Series and has been made possible through a generous grant from Dr. Wendy Dobson, Professor at the Rotman School of Management and Co-Director of the Rotman Institute for International Business.
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Maurice Obstfeld, Professor of Economics, University of California, Berkeley; Former Chief Economist, International Monetary Fund
Maurice Obstfeld is the Class of 1958 Professor of Economics at UC Berkeley. He joined Berkeley in 1989 as a professor, following appointments at Columbia (1979-1986) and the University of Pennsylvania (1986-1989). He was also a visiting professor at Harvard between 1989 and 1991. He received his Ph.D. from MIT in 1979, following degrees from the University of Pennsylvania and the University of Cambridge. In 2014-2015 he was a Member of President Obama’s Council of Economic Advisers, and from 2015-2018 he served as chief economist at the International Monetary Fund. Before that, he served as an honorary adviser to the Bank of Japan’s Institute of Monetary and Economic Studies. Among Professor Obstfeld's honors are the Frank Graham Lecture at Princeton, the inaugural Mundell-Fleming Lecture of the International Monetary Fund, the Bernhard Harms Prize and Lecture of the Kiel Institute for World Economy, the L. K. Jha Memorial Lecture at the Reserve Bank of India, and the Richard T. Ely Lecture of the American Economic Association. Professor Obstfeld is a Fellow of the Econometric Society and the American Academy of Arts and Sciences. He is active as a research fellow of the Centre for Economic Policy Research and a research associate of the National Bureau of Economic Research. Most recently, he has joined the Peterson Institute for International Economics in Washington, D.C., as a nonresident senior fellow.