Session: Session 1
Date/Time: April 28, 2015 / 12:30-13:45
Bark Taeho, Seoul National University
Troy Stangarone, Korea Economic Institute
Benn Steil, Council on Foreign Relations
Oh Suktae, Societe Generale
In 2008, the U.S. financial system was on the brink of collapse. The great recession that soon engulfed the developed world seemed to lay bare the deficiencies of the so-called “neoliberal” model. Today, as the global economic recovery remains in doubt, the ability of the global financial system to ensure stability and support growth is in question. Can the global financial system be reformed to better serve the needs of the global economy? Does China’s Asian Infrastructure Investment Bank presage a fundamental challenge to the U.S.-led global financial structure? Can the existing financial order accommodate China’s rise?