James Rickards,
Author, "Currency Wars"; Partner, JAC Capital
Benn Steil,
Senior Fellow and Director of International Economics, Council on Foreign Relations; Co-Author, "Money, Markets and Sovereignty"
Moderator:
Komal Sri-Kumar , Senior Fellow, Milken Institute; Group Managing Director and Chief Global Strategist, TCW Group Inc.
Monetary easing is the big focus on both sides of the Atlantic. Two recent repurchase programs by the ECB have eased liquidity concerns in the European banking system, but have they improved the situation with respect to overall financial solvency? Will such massive quantitative easing by the Fed and ECB make it more difficult to eventually reverse policy? What will be the implications two or three years down the road? Money creation in developed countries has boosted inflationary pressures in emerging economies. Brazil's finance minister has alleged that the Fed's easing is just a means to debase the dollar, while the country's president slammed the ECB's moves as "artificial forms of protectionism." How can developing nations protect themselves? Will currency spats flare up into full-fledged trade wars?
Global Conference 2013
Former Prime Minister Tony Blair, philanthropist Bill Gates and Strive Masiyiwa of Econet Wireless discuss advancing prosperity in Africa.
