The 31st Annual Monetary & Trade Conference in Partnership with Drexel University’s LeBow College of Business: Fixing the Banking System for Good
Date: Wednesday, April 17, 2013
Pennsylvania Room at the Federal Reserve Bank of Philadelphia, 100 N. Sixth Street
Philadelphia, PA 19106
Join GIC and the LeBow College of Business for the 31st Annual Monetary & Trade Conference!
- David Kotok Presents at the Annual Monetary and Trade Conference
- William Poole: Banking Reform: A Free Market Perspective
- Michael Kumhof: The Chicago Plan Revisited
- Laurence Kotlikoff: Limiting Global Financial Instability with Limited Purpose Banking
Video and Photos
Fixing the Banking System for Good
Please join us in person or online for this live-streaming event!
8:30 – 9 a.m. | Registration and Coffee
9 – 9:15 a.m. | Welcome
- Herb Taylor, Vice President and Corporate Secretary of the Federal Reserve Bank of Philadelphia and Board Member of the Global Interdependence Center
- George Tsetsekos, Dean Emeritus of the LeBow College of Business at Drexel University and Chair of the Global Interdependence Center
9:15 – 9:45 a.m.
- David Kotok, Chairman and Chief Investment Officer of Cumberland Advisors and GIC Vice Chair of Central Banking Series
9:45 – 10 a.m. | Audience Q/A
10 – 10:45 a.m. | “The Chicago Plan Revisited”
- Michael Kumhof, Deputy Division Chief, Modeling Unit, Research Department, International Monetary Fund
10:45 – 11:30 a.m. | “Limited Purpose Banking”
- Laurence Kotlikoff, William Fairfield Warren Distinguished Professor at Boston University
11:30 a.m. – 12:30 p.m. | Implications for Global Development
- Jeffrey Sachs, Director of The Earth Institute, Quetelet Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University (speaking via video teleconference)
12:30 – 1:30 p.m. | Lunch
1:30 – 2:30 p.m. | Audience Q&A
2:30 – 3:15 p.m. | “Money and Debt: Radical Solutions to the Challenge of Deleveraging”
- Lord Adair Turner, Former Chairman of the UK Financial Services Authority and Senior Fellow at the Institute for New Economic Thinking (speaking via video teleconference)
3:15 – 3:30 p.m. | Audience Q/A
3:30 – 3:45 p.m. | Coffee Break
3:45 – 4:15 p.m. | A Free Market Perspective
- William Poole, Former President of the Federal Reserve Bank of St. Louis and recipient of GIC Frederick Heldring Award
4:15 – 4:30 p.m. | Audience Q/A
4:30 – 5 p.m. | “Concluding Comments: Social Implications”
- Uli Kortsch, President of Global Partners Investments
$25 | Student
$75 | GIC or CFA Member
$100 | Non-Member
Watch this event from your office or home by visiting www.ustream.tv/channel/federal-reserve-bank-of-philadelphia.
Adair Turner has combined careers in business, public policy and academia. Since April 2013 he is Senior Fellow of the Institute for New Economic Thinking (INET).
Jeffrey SachsDirector of The Earth Institute at Columbia University
Jeffrey D. Sachs is a world-renowned professor of economics, leader in sustainable development, senior UN advisor, bestselling author and syndicated columnist whose monthly newspaper columns appear in more than 80 countries.
William Poole, Ph.D.Distinguished Senior Scholar at the Mises Institute
William Poole is Distinguished Senior Scholar at the Mises Institute and Senior Advisor to Merk Investments. Poole retired as President and CEO of the Federal Reserve Bank of St. Louis in March 2008. In that position, which he held from March 1998, he served on the Federal Reserve’s main monetary policy body, the Federal Open Market Committee.
Ulrich (Uli) KortschFounder and President of Global Partners Investments, Ltd.
Ulrich Korstch is the founder and president of Global Partners Investments, Ltd. He founded the company to create financial secondary markets for the micro-enterprise and small-scale-enterprise sectors of US inner cities and developing nations. In his capacity as president, Mr. Korstch has written a bill for Congress, which was reviewed by the Congressional Legal Services, as well as Treasury, and the Senate and House Banking Committee staffs, and conferred with approximately 15 presidents, ministers of finance and ministers of commerce during the course of business.
Laurence J. Kotlikoff, Ph.D.William Fairfield Warren Professor and Professor of Economics at Boston University
Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, and President of Economic Security Planning, Inc., a company specializing in financial planning software. An active columnist, Professor Kotlikoff's columns and blogs appear in the Financial Times, Bloomberg, Forbes, Vox, the Economist, Yahoo.com, and the Huffington Post. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977.
David KotokChief Investment Officer of Cumberland Advisors
David Kotok co-founded Cumberland Advisors in 1973 and has been its Chief Investment Officer since inception. David’s articles and financial market commentaries have appeared in the New York Times, the Wall Street Journal, Barron’s, and other publications. He is a frequent contributor to Bloomberg TV and Bloomberg Radio, Yahoo Finance TV, and other media.
Michael Kumhof, Ph.D.Deputy Division Chief of the Modeling Division in the IMF Research Department
Michael Kumhof is Deputy Division Chief of the Modeling Division in the IMF Research Department. His main responsibility is the development of the IMF’s global macroeconomic model GIMF, a DSGE model that is used heavily for IMF policy and scenario analyses in multilateral and bilateral surveillance, for the World Economic Outlook publication, and for work on G-20 issues.
Herbert Taylor, Ph.D.Vice President and Corporate Secretary, Federal Reserve Bank of Philadelphia
Herb Taylor is an economist, vice president, and corporate secretary with the Federal Reserve Bank of Philadelphia. In his current role, he is charged with the administration of the Federal Reserve Bank of Philadelphia’s board of directors and the Office of the President.
George Tsetsekos, Ph.D.Francis Professor of Finance and Dean Emeritus Drexel’s LeBow College of Business
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.