Channeling Capital Flows to Developing Countries: Can International Financial Institutions Help?

CHAIR

Ceyla Pazarbasioglu

Ceyla Pazarbasioglu is Vice President for Equitable Growth, Finance and Institutions (EFI) at the World Bank Group (WBG) since October 1, 2018. In this role, Ceyla provides strategic leadership to the best expertise from around the World Bank and International Finance Corporation (IFC) to help low- and middle-income countries build the foundations for inclusive and sustainable growth and, thereby, make progress towards achieving the World Bank Group’s twin goals of reducing poverty and boosting shared prosperity. She oversees a portfolio of nearly $30 billion of operational and policy work and advisory engagements in the WBG Global Practices of Finance, Competitiveness and Innovation; Macroeconomics, Trade and Investment; Governance; and Poverty and Equity.

SPEAKERS

Pierre-Olivier Gourinchas

Pierre-Olivier Gourinchas grew up in France where he attended Ecole Polytechnique. He received his PhD in 1996 from MIT and taught at Stanford Graduate School of Business and Princeton University before joining the Berkeley economics department in 2003 as an assistant professor. He is a Research Associate with NBER and a Research Fellow with CEPR (London) and the International Growth Center (London). Professor Gourinchas is editor of the IMF Economic Review. He is also associate editor of the Journal of the European Economic Association and a member of the Scientific Committee of the Fondation Banque de France. He is the winner of the 2007 Bernacer Prize for best European Economist under 40 working in macroeconomics and finance, and winner of the 2008 prize for best French economist under 40.

Anne Krueger

Anne Krueger is the Senior Research Professor of International Economics at the School for Advanced International Studies, Johns Hopkins University. She is also a Senior Fellow of Center for International Development (of which she was the founding Director) and the Herald L. and Caroline Ritch Emeritus Professor of Sciences and Humanities in the Economics Department at Stanford University. Anne Krueger was First Deputy Managing Director of the International Monetary Fund from 2001 to 2006. Prior to that, she had taught at Stanford and Duke Universities. From 1982 to 1986, she was Vice President, Economics and Research at the World Bank. She had earlier been Professor of Economics at the University of Minnesota.

Carmen Reinhart

Carmen M. Reinhart is the Vice President and Chief Economist of the World Bank Group. Assuming this role on June 15, 2020, Reinhart provides thought leadership for the institution at an unprecedented time of crisis. She also manages the Bank’s Development Economics Department. Reinhart’s areas of expertise are in international finance, and macroeconomics. Her work has helped to inform the understanding of financial crises in both advanced economies and emerging markets. She has published extensively on capital flows, exchange rate policy, banking and sovereign debt crises, and contagion. She comes to this position on public service leave from Harvard Kennedy School where she is the Minos A. Zombanakis Professor of the International Financial System. Previously, she was the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Professor of Economics and Director of the Center for International Economics at the University of Maryland.

Hyun Song Shin

Hyun Song Shin took up the position of Economic Adviser and Head of Research at the BIS on 1 May 2014. Before joining the BIS, Mr Shin was the Hughes-Rogers Professor of Economics at Princeton University. In 2010, on leave from Princeton, he served as Senior Adviser to the Korean president, taking a leading role in formulating financial stability policy in Korea and developing the agenda for the G20 during Korea's presidency. From 2000 to 2005, he was Professor of Finance at the London School of Economics. He holds a DPhil and MPhil in Economics from Oxford University (Nuffield College) and a BA in Philosophy, Politics and Economics from the same university.

Jeromin Zettelmeyer

Jeromin Zettelmeyer rejoined the IMF as Deputy Director in the Strategy, Policy and Review Department in August 2019. He was previously Senior Fellow at the Peterson Institute for International Economics, Director-General for Economic Policy at the German Ministry for Economic Affairs (2014-2016), Director of Research and Deputy Chief Economist at the European Bank for Reconstruction and Development (2008–2014) and IMF staff member (1994–2008). He is a CEPR research fellow and a member of CESIfo, and led CEPR’s Research and Policy Network on European Economic Architecture during 2018-19. He has published in major economics journals and is co-author of Debt Defaults and Lessons from a Decade of Crises, a study of sovereign debt crises during the 1990s and 2000s. Mr. Zettelmeyer holds a Ph.D. from MIT and an economics degree from the University of Bonn.