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Managing Capital Flows and Growth in the Aftermath of the Global Crisis

Paris, France – April 27-April 30, 2010

Speakers (selected)

Biographies for Reuven GlickRaj NallariPhilip LaneMark SpiegelRamon MorenoHippolyte FofackPiroska Nagy and Ole Rummel can be found below.


Reuven Glick is Group Vice President in charge of International Research within the Economics Research Department of the Federal Reserve Bank of San Francisco. He served as Director of the Bank's Center for Pacific Basin Studies as well as chief of the International Research section from 1992 through 2004. Prior to joining the Bank staff in 1985, Dr. Glick was a professor of Economics and International Business in the Graduate School of Business at New York University. He has also taught in the Economics Department at the University of California at Berkeley and served as a consultant to the World Bank. He is the author of many journal articles and other professional writings. In addition, he edited (with Ramon Moreno and Mark Spiegel) Financial Crises in Emerging Markets (Cambridge University Press, 2001),  Managing Capital Flows and Exchange Rates: Perspectives from the Pacific Basin (Cambridge University Press, 1998), and (with Michael Hutchison) Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basin (Cambridge University Press, 1994). Dr. Glick received a Ph.D. degree in economics from Princeton University and a B.A. degree in economics from the University of Chicago. Dr. Glick can be reached at

Raj Nallari is currently Manager of the Growth and Crisis Division within the World Bank Institute Poverty Reduction and Economic Management Family. Formerly, he was the Leader of Poverty and Growth Program of the World Bank Institute.   He has a Ph.D. in economics from the University of Texas at Austin.  He joined the World Bank in July 1992 and since then has worked on economic issues of several African, Caribbean and South Asian countries. He was on a two-year secondment to the IMF Policy Development and Review Department.  He is the co-author of one book on Macroeconomic Stabilization and Growth (by Oxford University Press), and has published several monographs for the World Bank, and papers in reputed economic journals. Mr. Nallari can be reached at


Philip Lane is the Director of the Institute for International Integration Studies (IIIS) at Trinity College Dublin, where he is Professor of International Macroeconomics and a College Fellow. He received a doctorate in Economics at Harvard University in 1995 and was an Assistant Professor of Economics and International Affairs at Columbia University during 1995-1997. He is a research fellow in the International Macroeconomics programme of the London-based Centre for Economic Policy Research (CEPR) and has been a visiting scholar at the International Monetary Fund and the Federal Reserve Bank of New York and a consultant to the European Commission, European Central Bank and World Bank. His research interests include international macroeconomics, economic growth, European Monetary Union and Irish economic performance. He is on the editorial boards of the Journal of Economic Perspectives, Journal of the European Economic Association, Economic and Social Review, Open Economies Review, International Journal of Central Banking and Moneda y Credito. In 2001, he received the German Bernacer Award in Monetary Economics as most outstanding young monetary economist among eurozone member countries. Mr. Lane can be reached at

Mark Spiegel is Vice President, International Research and Director of the Center for Pacific Basin Studies at the Federal Reserve Bank of San Francisco.  Prior to joining the Federal Reserve, he served as an assistant professor in the Department of Economics at New York University.  He has served as a visiting professor in the Economics Department of U.C. Berkeley, as well as a lecturer at the Haas School of Business at U.C. Berkeley.  He has also served as a consultant at the World Bank, as a visiting scholar at the Bank of Japan, and as Chairman of the Federal Reserve System Committee on International Economic Analysis.  Dr. Spiegel received his Ph.D. in economics from the University of California at Los Angeles and his B.A. in economics from the University of California at Berkeley.  Dr. Spiegel has published numerous articles in both academic and policy-oriented journals on international financial issues and on economic issues associated with Asian economies. He is currently associate editor of the journal Japan and the World Economy.  Mr. Spiegel can be reached at

Ramon Moreno
is Head of Emerging Market Issues, Bank for International Settlements.  The primary responsibility of his group is to provide analyses of emerging market issues for use in meetings of central banks. Previously, he was a Research Advisor in the International Studies Section and Associate Director, Center for Pacific Basin Monetary and Economic Studies, Federal Reserve Bank of San Francisco, where his research focused largely on open economy macroeconomics and monetary economics.  Prior to joining the Federal Reserve Bank, Mr. Moreno served in various capacities with the UNDP. He has also taught at Columbia College, Hunter College, Mills College and the University of San Francisco.  Mr. Moreno has a Ph.D. and M.Phil. in economics from Columbia University.  Mr. Moreno's recent work appears in BIS papers on meetings of emerging market Deputy Governors, on topics such as fiscal issues and central banks, globalization and monetary policy, and foreign exchange market intervention. Mr. Moreno can be reached at

Hippolyte Fofack joined the World Bank in 1995 and is currently Senior Economist in the Growth and Crisis Division within the World Bank Institute Poverty Reduction and Economic Management Family. Prior to joining the World Bank Institute, he worked with the PREM Family and Africa Region of the World Bank as Research Economists and Country Economist for Great Lakes countries, respectively. Prior to joining the World Bank Group, he taught at American University in Washington DC. He has extensive publications covering a broad set of topics, ranging from monetary policy and exchange rates, fiscal adjustment and growth, capital flows, globalization and growth, technology trap and poverty trap, growth strategies and macroeconomic modeling.  He has also edited a book on “Geographical Targeting for Poverty Alleviation”. Mr. Fofack is a fellow of the African Academy of Sciences. He holds an Advanced Degree in Economics from the University of Bordeaux, France and a Ph.D. in Statistics and Applied Economics from American University. He is also the coordinator of this seminar. Mr. Fofack can be reached at


Piroska Nagy is currently Senior Adviser to the Chief Economist of EBRD.  She is responsible for financial sector stability and regulatory issues, and crisis response in the financial sector.   During 1986-July 2008, she worked in various departments of the IMF as Division Chief, Adviser and in other capacities.  While on leave from the IMF, during 2003-04, Piroska worked in Fitch Ratings, London, and in EBRD, London, during November 2004-August 2006.   During 1981-85, she has also worked for the Research Department, National Bank of Hungary.  She was a member of the editorial board of the IMF journal "Finance and Development" during 1999-2003, taught at Hebrew University in 1996/97, and at University of Budapest  during1980-84, and has authored and co-authored articles and books on economic and financial policies.  Piroska has advanced degrees in Economics and Finance from the University of Budapest, Hungary, and from George Washington University in USA.  

Ole Rummel is Adviser for Econometric Modelling, Financial Stability and Financial Markets at the Centre for Central Banking Studies at the Bank of England, a position he has held since October 2006.  He has also worked in the Financial Stability, Markets and Monetary Analysis areas of the Bank.  Prior to joining the Bank of England in 1999, Mr. Rummel spent three years in the Chief Economist's Division of the European Investment Bank, the European Union's long-term financing institution.  He also spent two years working in the capital markets group of Société Générale in Frankfurt.  His research work has been published in, among others, several journals as well as the Bank of England's Financial Stability Review and the Quarterly Bulletin.  Mr. Rummel received a Ph.D. degree in economics from the University of Strathclyde and a B.A. degree in quantitative economics from Stanford University.  He can be reached at

Course CoordinatorHippolyte Fofack, Senior Economist, World Bank Institute.

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