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SIPA Resources: The Global Financial Crisis and the G-20

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Below are a variety of resources available from SIPA and Columbia University on the global financial crisis and the 2009 meeting of the G-20 in London.

Merit Janow, Professor of International Trade and Director of SIPA’s international economic policy concentration, hosted two panel discussions on the crisis and the response of the G-20. The panels included experts from the Columbia University community and the private and public sectors.

The Financial Crisis: The Government’s Response and Next Steps
March 4, 2009 | (Flash Player)

• Henry Kaufman, President of Henry Kaufman and Company, Inc.
• Peter R. Fisher, Managing Director of BlackRock and former Undersecretary of the U.S. Treasury for Domestic Finance
• Harvey J. Goldschmid, Columbia Law School and former Commissioner of the U.S. Securities and Exchange Commission
• Charles Calomiris, Columbia Business School

Assessing the G-20 Results: Regional Perspectives
April 7, 2009 | (Flash Player)

• Richard Clarida (USA), Professor of Economics at SIPA
• Sharyn O’Halloran (USA), Professor of Political Economy at SIPA
• Guillermo Calvo (Latin America), Director, Program in Economic Policy Management, SIPA
• Padma Desai (Russia), Professor of Comparative Economic Systems, Department of Economics
• Arvind Panagariya (India), Professor of Indian Political Economy, SIPA
• Jagdish Bhagwati, Professor of Economics and Political Science

Conference: "Emerging from the Financial Crisis"
The current financial crisis will transform the way the financial system works, said Paul Volcker, chairman of President Obama's Economic Recovery Advisory Board, in the keynote luncheon address at the Columbia Center for Capitalism and Society's sixth annual conference, "Emerging from the Financial Crisis." More

Guillermo Calvo, Director of SIPA’s Program in Economic Policy Management, writes that the G-20 communiqué reflects a major improvement in the way leaders view financial crises:
VOX, “Work in Progress, But Good News for Emerging Markets”

Arvind Panagariya, Professor of Indian Political Economy, authored a variety of articles:
Forbes, “Restore Credit And Resist Protectionism”
Foreign Policy, “India's Financial Secret Weapon”
The Economic Times, “Returning India to a High Growth Path”

Charles Calomiris, Professor of Financial Institutions at Columbia Business School, authored:
A paper for the Cato Journal, “Financial Innovations, Regulation, and Reform."
An article in Forbes, “Helping Wall Street – and Main Street.”

Sharyn O'Halloran, Professor of Political Economy, co-authored:
Insuring Against Financial Katrinas: Systemic Risk as a Common Pool Problem
Financial Regulation: Lessons from the Past 50 Years
Implications of the G-20 Meetings: U.S. View (PowerPoint presentation)

Padma Desai, Professor of Comparative Economic Systems in Columbia's Department of Economics, authored a letter to the Financial Times entitled “Crisis Will Allow Kremlin to Sever Link With Oligarchs.”

Joseph Stiglitz, Nobel Laureate and Professor of Business, Economics and International Affairs, spoke with National Public Radio on the $1 trillion agreement reached at the G-20 meeting.

Jeffrey Sachs, Professor of Economics and Director of the Earth Institute, spoke with NOW on PBS about decisions reached at the G-20 meeting.