Edwin M. Truman, senior fellow since 2001, served as assistant secretary of the US Treasury for International Affairs from December 1998 to January 2001 and returned as counselor to the secretary March–May 2009. He directed the Division of International Finance of the Board of Governors of the Federal Reserve System from 1977 to 1998. From 1983 to 1998, he was one of three economists on the staff of the Federal Open Market Committee.
Truman has been a member of numerous international groups working on economic and financial issues, including the Financial Stability Forum's Working Group on Highly Leveraged Institutions (1999–2000), G-22 Working Party on Transparency and Accountability (1998), G-10-sponsored Working Party on Financial Stability in Emerging Market Economies (1996–97), G-10 Working Group on the Resolution of Sovereign Liquidity Crises (1995–96), and G-7 Working Group on Exchange Market Intervention (1982–83). Truman has also been a visiting economics lecturer at Amherst College and a visiting economics professor at Williams College. He has published on international monetary economics, international debt problems, economic development, and European economic integration. He is the author, coauthor, or editor of Sovereign Wealth Funds: Threat or Salvation? (2010), Reforming the IMF for the 21st Century (2006), A Strategy for IMF Reform (2006), Chasing Dirty Money: The Fight Against Money Laundering (2004), and Inflation Targeting in the World Economy (2003).
New York Times Editorial—Strengthening the IMF March 29, 2013 The New York Times's editorial board cites Edwin M. Truman's Policy Brief while calling upon Congress to strengthen the IMF's governance and bolster its resources.
International Monetary Fund IMF Book Discussion Event with Barry Eichengreen Video | October 19, 2011 Edwin M. Truman participates in an IMF discussion of Barry Eichengreen's latest book, Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System.
CNBC's Kudlow Report Will Italy Default? Video | August 4, 2011 Former US Treasury officials Edwin M. Truman, Peterson Institute; David Malpass, Growpac.com; and Charles Dallara, Institute of International Finance, discuss the threat of Italian bankruptcy with Larry Kudlow.
Reuters No US Debt Deal Could Mean Chaos for Markets Video | August 1, 2011 Reuters interviews Edwin M. Truman on what might happen if a deal on the US debt ceiling is not met by August 2. Truman says that as US securities form the basis of many financial transactions, a failure to pass a debt deal will tend complicate the financial markets, increasing uncertainty and costs in unpredictable ways and increasing the potential for mistakes to be made.
CNBC Lagarde as IMF Head Not a Done Deal Yet Video | June 9, 2011 Edwin M. Truman tells CNBC that although Christian Lagarde is the front-runner for IMF's top job, it is not set that she will ultimately get the job because no country outside Europe has signed up for her candidacy.
The European Institute What DSK Meant to IMF Interview transcript | May 25, 2011 European Affairs interviews Edwin M. Truman on what Dominique Strauss-Kahn contributed to the International Monetary Fund.
The Diane Rehm Show Gold and the Federal Debt Audio | May 17, 2011 As the United States hits its debt limit, and the debate over whether or not to raise it continues, a small group of economists have suggested selling off US gold assets as one way to lower the debt. Diane Rehm interviews Edwin M. Truman, PIIE; Neil Irwin, Washington Post; David Smick, International Economy; and Lewis Lehrman, Lehrman Institute, about the rising price of gold and how it could impact the budget debate.
Wall Street Journal Experts Shine Light on World’s Currencies Video | February 23, 2011 The Wall Street Journal's David Wessel interviews Edwin M. Truman, Joseph E. Gagnon, and Eswar Prasad about the major issues facing currencies and the global economy in this video.