Peterson Institute for International Economics Update Newsletter
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PIIE Update Newsletter
September 27, 2013

"Washington's premier think tank on the global economy"
—The Washington Post
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  Live Webcast
Global Economic Prospects, Fall 2013
Speakers: David J. Stockton, Nicholas R. Lardy, and Arvind Subramanian
Tuesday, October 1, 2013
12:30–2:00 pm (EDT)
  The Peterson Institute will webcast the next of its semi-annual Global Economic Prospects sessions on Tuesday, October 1, 12:30–2:00 pm (EDT). David J. Stockton, former chief economist at the Federal Reserve Board, will present the outlook for the US and the global economy. Nicholas R. Lardy will assess the causes of China's current slowdown and the likely pace of recovery going forward. Arvind Subramanian will address general impact of capital reversals and weakening exchange rates that have hit emerging markets, as well as providing an in-depth analysis of India's crisis and the impact of possible policy responses.

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  Live Webcast
Special Stavros Niarchos Foundation Lecture
The New Greece: A Stability Asset in the Eastern Mediterranean
Speaker: Antonis Samaras, Prime Minister of Greece
Tuesday, October 1, 2013
6:00–8:00 pm (EDT)
  The Peterson Institute will webcast Greek Prime Minister Antonis Samaras's speech, "The New Greece: A Stability Asset in the Eastern Mediterranean" on Tuesday, October 1, 2013, 6:00–8:00 pm (EDT), a special fall edition of the Institute's Niarchos Foundation Lecture series. Peter G. Peterson, chairman of the PIIE Board of Directors, will chair the event.

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  Live Webcast
Smart Growth: The Green Revolution
Speaker: Ralf Fücks, President, Heinrich Böll Foundation
Thursday, October 3, 2013
8:30–10:00 am (EDT)
  The Peterson Institute will webcast a discussion with Ralf Fücks, president of Germany's Heinrich Böll Foundation, about his recent book Smart Growth: The Green Revolution. The webcast will take place Thursday, October 3, 2013, 8:30–10:00 am (EDT).

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Where Are the Women in Central Banking?

Caroline Freund
Published in the Washington Post
  Caroline Freund Why are nearly all central bank leaders men? One possible explanation is that women may still not be part of the tight-knit clubs from which central bank heads are chosen, and because central banks are independent, those choosing them want someone they already know and trust. No one is suggesting that women be appointed to central bank boards as a token. But given the subpar performances of central banks in the United States and Europe—thanks in part to the groupthink mentality that has prevailed—more competition and less clubbiness in appointing their leaders surely would not hurt.

>> Read full op-ed

  Congressional Testimony
Assessing the Investment Climate in India and Improving Market Access in Financial Services in India

Arvind Subramanian
  Arvind Subramanian The Indian economy will require important adjustments to recover from its recent turbulence. Upcoming elections may complicate the cause of reform. Over the past year, India has embarked on unprecedented liberalization of foreign direct investment (FDI) and other capital inflows, which could pave the way for India to pursue a bilateral investment treaty (BIT) with the United States. Such a treaty could lead to expanded US-India trade culminating in a free trade agreement in the medium term.

>> Read full congressional testimony [pdf]

Peterson Perspectives Interviews

audio  A New Economic Battleground over Ukraine
Anders Åslund discusses Russia's heavy-handed campaign to prevent Ukraine's association with the European Union, and what Ukraine must do to make the association a reality.

Recent Blog Posts

RealTime Economic Issues Watch   China Economic Watch    North Korea:  Witness to Transformation
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Belated Recognition of the Latvian Reality

What Merkel's Victory Means for the Euro

Summers Drops Out and the Bond Market Cheers

Germany's Sleepy but Significant Election

Euro Area Can Make Progress—Even Without an Unlimited Fiscal Backstop
  Credit-to-GDP in China Is High... It Always Has Been

Measuring Infrastructure Investment in China

Rebalancing China's Railway Sector

Measuring Excess Credit Growth in China

Ignore the Noise: Why Chinese Household Consumption is Still Too Low
  Sources: Kyung-Ae Park's "Non-Traditional Security Issues in North Korea"

Slave to the Blog: Choco Pies, the Ebola virus, the "Eastern" and the "Paektusan" lines

Commission of Inquiry on Human Rights in North Korea: Interim Report

Family Reunions: Canceled

The Rodman Roster Contest

PIIE Noted in the News and on the Web

Fox Business
Robert B. Zoellick on Fox Business: How Can Emerging Markets Get Sustained Economic Growth?
In this interview Robert B. Zoellick discusses the slowing emerging market economies and his recommendations to boost their economic productivity, which he recently outlined in more detail in the Wall Street Journal.
In This Issue

David Robinson The 2013 Pilot External Sector Report

PIIE and the IMF cohost a discussion with David Robinson, Steven Phillips, and Joseph E. Gagnon about current accounts, exchange rates, capital accounts, reserves, and external assets and liabilities of the world's 28 largest economies plus the euro area.
Joaquín Almunia Bank Resolution and EU Competition Regime: On the Road to the Banking Union in Europe

Joaquín Almunia discusses the latest developments in the creation of a Single Resolution Mechanism for failing banks.
Enrico Giovannini Growth, Jobs, and Well-being in Italy (and Europe): Measurement and Policy Issues

Enrico Giovannini, Italian Minister of Labor and Social Policies, speaks at the Peterson Institute.

Featured Books
Outward Foreign Direct Investment and US Exports, Jobs, and R&D: Implications for US Policy Outward Foreign Direct Investment and US Exports, Jobs, and R&D: Implications for US Policy

Gary Clyde Hufbauer
Theodore H. Moran
Lindsay Oldenski
Martin Vieiro

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