Responding to Financial Crisis (eBook)

Changyong Rhee has been director of the Asia and Pacific Department at the International Monetary Fund since 2014. Rhee acts as spokesperson on economic issues and heads its Economics and Research Department, which carries out policy research on development challenges facing Asia and the Pacific. He has over 20 years experience as an economist, financial advisor and academic. Previously, he held a range of senior public policy positions in Korea. He is Secretary General and Sherpa of the Presidential Committee for the G-20 Summit of the Republic of Korea. He served as the Vice Chairman of the Financial Services Commission as well as chairman of the Securities & Futures Commission. In the public sector, he has provided extensive policy support to the Korean government, including serving as a member of the National Economic Advisory Council in the Office of the President, and advisor to the Bank of Korea. In the private sector, he has advised Shinhan Bank and Woori Investment and Securities Company, among others. He has also been the Director of the Financial Market think tank, the Korea Fixed Income Research Institute. As an academic, he has served as a Professor of Economics at Seoul National University, with numerous research papers published in leading economic journals.Adam S. Posen, the President of the Peterson Institute for International Economics, has specialized in macroeconomic and monetary policy, resolution of financial crises, central banking issues, and the economies of Western Europe, Japan, and the United States. Posen brings a distinctively global perspective to macroeconomic policy analysis and forecasting. He has written about the financial and economic challenges faced by the European Union following the adoption of the euro and the lasting impact of Japan's economic crisis of the 1990s, while providing counsel directly to the Japanese government in Tokyo. Leading up to the successful London G-20 summit of 2009 during the global financial crisis, he consulted for the UK Cabinet Office.