Spillovers or Scapegoats? Why Small Countries Should Not Fear Center-Country Monetary and Financial Policy
In this presentation Professor Andrew K. Rose will discuss recent research that analyzes the impact of monetary and financial in center countries (like the United States) for small and emerging economies.
He will discuss beggar-thy-neighbor "currency wars" associated with unconventional monetary policy like quantitative easing and negative nominal interest rates, as well as the impact of the "global financial cycle" on capital flows and credit creation.
Professor Bernard Yeung
Dean and Stephen Riady Distinguished Professor in Finance and Strategic Management, National University of Singapore
President, Asian Bureau of Finance and Economic Research (ABFER)
Professor Andrew K. Rose
B.T. Rocca Jr. Professor of International Business, Haas School of Business, University of California, Berkeley
Exco Member & Senior Fellow, Asian Bureau of Finance and Economic Research (ABFER)
Andrew K. Rose is the B.T. Rocca Jr. Professor of International Business in the Economic Analysis and Policy Group, Haas School of Business at the University of California, Berkeley. He is also a Research Associate of the National Bureau of Economic Research (based in Cambridge, MA), a Research Fellow of the Centre for Economic Policy Research (based in London, England), and a Senior Fellow of the Asian Bureau of Finance and Economic Research (based in Singapore). He received his Ph.D. from the Massachusetts Institute of Technology, his M.Phil. from Nuffield College, University of Oxford, and his B.A. from Trinity College, University of Toronto.
Rose has published over one hundred and fifty papers and over ninety articles in refereed economics journals, including the American Economic Review, the Quarterly Journal of Economics, the Review of Economic Studies, and the Journal of Finance. His research addresses issues in international trade, finance, and macroeconomics, and has received more than 40,000 citations. His teaching is in the areas of international macroeconomics; he has won two teaching awards.
Rose served as Associate Dean for Academic Affairs and Chair of the Faculty 2010-2016, and was the managing editor of The Journal of International Economics 1995-2001. He and the founding director of the Clausen Center for International Business and Policy at Haas and the Risk Management Institute at the National University of Singapore. He has organized over fifty academic conferences.
Rose is interested in the theory and practice of economic policy, and most of his work is applied and driven by "real world" international phenomena. A citizen of three countries, he has worked on six continents and at a number of international economic agencies, including: the International Monetary Fund, the World Bank, and the Asian Development Bank. He has also worked at a number of national agencies, including: the US Department of Treasury, HM Treasury (UK), the Canadian Department of Finance; and the central banks of: Australia, Canada, England, Europe, Hong Kong, Israel, Italy, Japan, Netherlands, New Zealand, Singapore, Spain, and the United States. He has visited a number of other universities, including Cape Town, EUI, FUB, INSEAD, London School of Economics, Melbourne, NUS, Princeton, SHUFE, SMU, Stockholm, Tel Aviv, Tsinghua, ULB, and Victoria.