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Conference

The Transatlantic Relationship in an Era of Growing Economic Multipolarity

Conference cohosted by the Peterson Institute for International Economics and Bruegel

Mario Draghi, Bank of Italy, Financial Stability Board, and European Central Bank
Marco Buti, European Commission
Anders Aslund, Peterson Institute for International Economics
Jean Pisani-Ferry, Bruegel
Nouriel Roubini, Roubini Global Economics

Peterson Institute for International Economics, Washington, DC

October 8, 2010


The Peterson Institute and its close partner Bruegel cohosted the conference "The Transatlantic Relationship in an Era of Growing Economic Multipolarity" October 8, 2010. The conference was supported by a grant from the European Commission and coordinated by Adam S. Posen, Jacob F. Kirkegaard, and Nicolas Véron.

The conference objectives were to assess the new global challenges facing the transatlantic partnership that has previously dominated the post-war world economy; analyze the rise of outside actors of potentially equal, or even greater, economic weight, their increasing role and concomitant demands for greater influence over global governance in key policy areas; and discuss possible policy actions to promote a substantive EU-US bilateral economic and political relationship along with constructive external engagement with the world’s new rising economic poles.

The conference explicitly addressed four current transatlantic disputes with significant global implications: the persistent European overrepresentation in the governance structure of international financial institutions, especially the International Monetary Fund; the design of new global rules for the banking sector; the scope and timing of fiscal austerity measures, and the approach to addressing climate change.

Additionally, Anders Åslund presented the conclusions of his latest book, The Last Shall Be the First: The East European Financial Crisis, at the conference.


Event Materials

Ebook: The Transatlantic Relationship in an Era of Growing Economic Multipolarity [pdf]
A compilation of the papers, presentations, and transcripts of the proceedings of the conference
October 8, 2010

Paper: From Convoy to Parting Ways? Post-crisis Divergence Between European and US Macroeconomic Policies [pdf]
Jean Pisani-Ferry and Adam S. Posen
October 8, 2010

Paper: US Climate Change Policy: Implementing Copenhagen and Beyond [pdf]
William R. Cline
October 8, 2010

Paper: EU Climate Change Policy: Mobilizing Innovation? [pdf]
Reinhilde Veugelers
October 8, 2010

Paper: Too Big To Fail: The Transatlantic Debate [pdf]
Morris Goldstein and Nicolas Véron
October 8, 2010

Working Paper 10-14: Reform of the Global Financial Architecture [pdf]
Edwin M. Truman and Garry J. Schinasi
October 8, 2010

The Last Shall Be the First: The East European Financial Crisis
Book | Presentation [pdf]
Anders Åslund
October 8, 2010


Agenda

Welcome and Opening Address C. Fred Bergsten, Peterson Institute for International Economics

Marco Buti, ECFIN

 
Panel 1: A Joint Exit Strategy From the Crisis

 
Presenter Jean Pisani-Ferry, Bruegel

Joint paper (coauthored with Adam S. Posen, PIIE): From Convoy to Parting Ways? Post-crisis Divergence Between European and US Macroeconomic Policies [pdf]
Discussants Lorenzo Bini Smaghi, European Central Bank
Comment [pdf]

Nouriel Roubini, Roubini Global Economics

Rajiv Kumar, former Director ICRIER

Stanley Fischer, Bank of Israel

 
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How the Eastern European Financial Crisis Was Resolved
Book Launch: The Last Shall Be the First: The East European Financial Crisis by Anders Åslund


 
Commentator Zsolt Darvas, Bruegel

 
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Panel 2: Global Climate Change Policy

 
Presenters William Cline, Peterson Institute for International Economics
Paper: US Climate Change Policy: Implementing Copenhagen and Beyond [pdf]

Reinhilde Veugelers, Bruegel
Paper: EU Climate Change Policy: Mobilizing Innovation? [pdf]
Discussants Karsten Neuhoff, Cambridge University

Christian Burgsmueller, European Commission

James Bradbury, World Resources Institute

 
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Keynote Address Mario Draghi,, Bank of Italy, Financial Stability Board, and European Central Bank

 
Panel 3: Financial Services Regulatory Reform

 
Presenters Morris Goldstein , Peterson Institute for International Economics

Nicolas Véron, Peterson Institute for International Economics and Bruegel

Joint paper: Too Big To Fail: The Transatlantic Debate [pdf]
Discussants Paul Tucker, Bank of England

Anil Kashyap, University of Chicago Booth School of Business

Victor Gao, Beijing Private Equity Association

 
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Panel 4: Reform of the Global Financial Architecture

 
Presenters Edwin M. Truman , Peterson Institute for International Economics

Garry Schinasi, Bruegel

Joint Working Paper 10-14: Reform of the Global Financial Architecture [pdf]
Discussants Jörg Asmussen, Germany

Kenneth Rogoff, Harvard University

Guillermo Ortiz, Guillermo Ortiz y Asociados

 
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Closing Panel: The Future of the EU-US Relationship in a Multipolar World

 
Discussants C. Fred Bergsten, Peterson Institute for International Economics

Jean Pisani-Ferry, Bruegel

Mohamed El-Erian, PIMCO

Michael Froman, National Security Council

Sharon Bowles, EU Parliment

 
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