37th Annual Monetary and Trade Conference: Global Trade: Darkening Clouds or New Beginnings?
Date: Monday, May 6, 2019
$25.00 – $100.00
Join us and Patrick Harker, President & CEO of the Federal Reserve bank of Philadelphia on May 6 for the 37th year of the Annual Monetary and Trade Conference.
37th Annual Monetary and Trade Conference: Global Trade: Darkening Clouds or New Beginnings?
On May 6, 2019, the Global Interdependence Center will host its Annual Monetary & Trade (AMT) Conference in partnership with the LeBow College of Business at Drexel University. 2019 will mark the year of our 37th AMT Conference, with a keynote address from Patrick Harker, President & CEO of the Federal Reserve Bank of Philadelphia.
The conference explores global trade imbalance issues and offers a forum for discussion of the current status of trade relations among the most significant world trade partners, including the US, China and the European Union. In particular, the conference will address pertinent issues to trade of goods and services and focus on the Interconnections between trade flows and financial services.
8:30 – 8:50 a.m. | Registration
8:50 – 9:00 a.m. | Welcome and Opening Remarks
- Paul Jensen, Dean of LeBow College of Business, Drexel University
- Michael Papaioannou, TA Expert-Advisor, International Monetary Fund
- George Tsetsekos, Dean Emeritus and the Francis Professor of Finance at LeBow’s College of Business at Drexel University and GIC Board Member
9:00 – 10:00 a.m. | Session 1: Global Trade Imbalances and Current Challenges
- Origins of trade imbalances and effects of trade barriers (e.g., tariffs) on the trade balance and current account.
- Implications of global trade imbalances for local and international macroeconomics and financial stability (e.g., economic growth, employment, prices, fiscal accounts, exchange rate and capital market volatility).
- Proposals to ameliorate global trade imbalances: efficacy and prospects of implementation.
- Moderator: Michael Papaioannou. TA Expert-Advisor, International Monetary Fund
- Apostolos Apostolou, Economist, International Monetary Fund
- Stephen Tokarick, Lecturer, Johns Hopkins School of Advanced International Studies
- Philip Kenworthy, First Secretary, British Embassy Washington
10:00 – 10:30 a.m. | Keynote Address: The Fed’s Balance Sheet
- Patrick Harker, President and CEO of the Federal Reserve Bank of Philadelphia
10:30 – 10:45 a.m. | Break
10:45 a.m. – 12:00 p.m. | Session 2: Inter-linkages between Trade, Finance and Investments
- Trade relations, challenges and current and pending agreements.
- What are the main channels of inter-linkages? Do these inter-linkages increase domestic and international economic and financial volatility?
- What should/can country authorities and international financial institutions do?
- Moderator: George Tsetsekos, Dean Emeritus and the Francis Professor of Finance at LeBow’s College of Business at Drexel University and GIC Board Member
- Andrew J. Patterson, CFA, Senior Economist, Vanguard Investment Strategy Group
- Bill Stone, Chief Investment Officer, Avalon Advisors, LLC
- Catherine L. Mann, Ph.D., Chief Economist, Citi
12:00 – 12:15 p.m. | Break
12:15 – 1:15 p.m. | Session 3: Opportunities and Challenges in Global Trade for Financial Services Companies
- The dynamics of current trade and financial relations among key global partners.
- Challenges and trade sanctions for financial services firms.
- The impact of sanctions on financial services firms.
- Moderator: Paul Thanos, Director, Office of Finance and Insurance Industries, Industry & Analysis, U.S. Department of Commerce
- Christine Bliss, President, Coalition of Services Industries
- Yancy Molnar, Senior Vice President, Head of International Government Affairs & Public Policy, Chubb
- Kimberley Claman, Director of International Government Affairs, Citi
- Christopher Melly, Vice President, Government Affairs, AIG
1:15 – 1:30 p.m. | Concluding Remarks
- Michael Papaioannou. TA Expert-Advisor, International Monetary Fund
LeBow College of Business at Drexel University
Gerri C. LeBow Hall, 3220 Market Street, Philadelphia, PA
Patrick T. HarkerPresident and Chief Executive Officer, Federal Reserve Bank of Philadelphia
Patrick T. Harker took office on July 1, 2015, as the 11th president and chief executive officer of the Federal Reserve Bank of Philadelphia. In this role, Dr. Harker participates on the Federal Open Market Committee, which formulates the nation’s monetary policy.
Apostolos ApostolouEconomist, International Monetary Fund
Apostolos Apostolou is an economist at the International Monetary Fund. At the IMF, he is conducting macrofinancial and external sector surveillance, and is involved in financial sector assessments of advanced economies.
Christine BlissPresident, Coalition of Services Industries
Christine Bliss became CSI President in March 2016. Prior to CSI, Ms. Bliss was the Assistant U.S. Trade Representative (USTR) for Services, Investment, Telecommunication, and E- Commerce, responsible for overseeing all multilateral, regional and bilateral negotiations and policy issues in those areas for the agency.
Kimberley ClamanDirector in Global Government Affairs, Citigroup Inc.
Kimberley Claman is a Director in Global Government Affairs at Citi and works closely with Citi's Global Government Affairs staff and Chief Country Officers, managing Citi's relationships with relevant financial regulatory bodies and US and foreign government officials. She leads Citi’s policy development and advocacy strategy on a broad range of issues, including in international trade and investment and digital trade.
Paul JensenDean, R. John Chapel, Jr. Dean’s Chair, LeBow College of Business, Drexel University
Dr. Jensen is the dean of the LeBow College of Business and associate professor of economics. His primary research areas are international trade and applied microeconomics.
Philip KenworthyFirst Secretary, British Embassy Washington
Philip Kenworthy has been working for the UK government for the past 5 years, first in Her Majesty’s Treasury in the UK, and for the last year in Washington DC as First Secretary, Economics at the British Embassy. In his current role Phil is responsible for macroeconomic reporting and financial sector policy, and liaises closely with representatives of the US government, the financial sector, think-tanks, academics and international institutions on policy issues concerning the UK.
Catherine L. Mann, Ph.D.Global Chief Economist, Citibank
Dr. Catherine L. Mann is the Global Chief Economist at Citibank since February 2018 where she is responsible for thought leadership, research guidance of a global team of economists, and cross-fertilization of research across macroeconomics, fixed-income, and equities. Prior to this position, she was Chief Economist at the OECD, where she also was Director of the Economics Department and was Finance Deputy to the G20 (2014-2017).
Christopher MellyVice President, Government Affairs, AIG
Mr. Melly joined AIG’s government affairs team in 2018 following several years with the Office of the United States Trade Representative (USTR). As Deputy Assistant USTR for Services, Mr. Melly directed services trade policy and represented the United States at the World Trade Organization.
Yancy MolnarVice President for International Government Affairs, Chubb
Yancy Molnar joined the Chubb Group (legacy ACE Group) as Vice President for International Government Affairs in August 2009. He is responsible for representing the Company on Chubb-related international issues before the Administration, Congress, key associations and foreign governments.
Michael G. PapaioannouExpert Advisor, International Monetary Fund
Dr. Michael G. Papaioannou serves as an Expert Advisor at the International Monetary Fund and is a Visiting Scholar and Professor at the LeBow College of Business, School of Economics, Drexel University.
Andrew J. Patterson, CFASenior Economist, Vanguard Investment Strategy Group
Andrew J. Patterson, CFA, is a senior economist in Vanguard’s Investment Strategy Group, where he leads the team charged with developing and communicating Vanguard’s economic and market outlook.
Bill StoneChief Investment Officer, Avalon Advisors, LLC
William “Bill” Stone serves as Chief Investment Officer at Avalon Advisors, LLC, a large Texas-based independent investment advisor offering investment management and financial advice for individuals, families and institutions.
Paul J. ThanosDirector for Finance and Insurance Industries at the U.S. Commerce Department’s International Trade Administration
Paul J. Thanos is the Director for Finance and Insurance Industries at the U.S. Commerce Department’s International Trade Administration based in Washington DC. Mr. Thanos is responsible for executing policy, analysis, and promotion initiatives pertaining to finance and insurance industries, trade and project finance, financial technology, and access to finance.
Stephen TokarickAdjunct Lecturer, Johns Hopkins School of Advanced International Studies (SAIS)
Stephen Tokarick began teaching courses in the Johns Hopkins School of Advanced International Studies (SAIS) International Economics program as an adjunct lecturer in the Summer of 2018. Prior to teaching at Johns Hopkins SAIS, he held a position as a senior economist at the International Monetary Fund (IMF). In his nearly 27 years of service at the IMF, he held a variety of positions and spend most of his tenure in the Research Department conducting research on issues in international trade.
George Tsetsekos, Ph.D.Dean Emeritus and the Francis Professor of Finance at LeBow’s College of Business at Drexel University
Dr. George Tsetsekos, serves as the Francis professor of Finance and Director of the Risk Management Center at the LeBow College of Business. He served as Dean of LeBow (2002-2012) and under his transformative leadership the college achieved national rankings and quality milestones in research and teaching.