Global Prosperity Wonkcast

 

Posts Tagged: Liliana Rojas-Suarez

 

Avoiding A Credit Bubble in Latin America: Unconventional Measures for Extraordinary Times (Wonkcast)

June 20, 2011

Posted by in Finance, Latin America Tags: , , , , , ,

For now, the future for Latin America looks bright. Confidence is high throughout the region after a strong rebound from the global financial crisis. But large and possibly volatile inflows of capital could lead to a credit bubble if regulators don’t take steps now to slow the large flood of hot money. In this edition of the Wonkcast I interview three members of the Latin American Shadow Financial Regulatory  Committee (CLAAF), a group prominent South American economists who meet twice yearly to offer advice to the region’s regulators and policymakers. Our focus is the group’s latest statement, which urges unconventional measures for extraordinary times.

My guests are Liliana Rojas-Suarez, CLAFF chair and a senior fellow at CGD;  Guillermo Calvo, professor at Columbia University and former chief economist at the Inter-American Development Bank; and Carmen Reinhart, a senior fellow at the Peterson Institute.
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Macroprudential Regulation and Developing Countries: Liliana Rojas-Suarez

March 7, 2011

Posted by in Economic Growth, Finance, Global Development, International Financial Institutions, Private Investment Tags: , , ,

Liliana Rojas-SuarezRegulators at the Bank for International Settlements (BIS) in Basel, Switzerland, are hard at work designing regulatory standards to avoid future financial meltdowns like the global financial crisis of 2008. Joining them for two months is Liliana Rojas Suarez, a CGD senior fellow and the founding chair of the Latin American Shadow Financial Regulatory Committee.

I spoke with Liliana just before she left for Basel about macroprudential regulation—an approach that focuses on the systemic risks arising from the collective action of financial institutions. (Liliana had spoken about this at a recent CGD Research in Progress staff meeting; her slides are a useful adjunct to our Wonkcast discussion.)
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Five CGD Experts on the Seoul G-20 Summit

November 8, 2010

Posted by in Global Development Tags: , , , , , ,

G-20 SeoulG-20 leaders gathering in Seoul this week face a full plate of issues, most prominently the effort to stave off beggar-thy-neighbors currency devaluations. This week on the Global Prosperity Wonkcast, we’ve distilled highlights from a private briefing I organized where five CGD experts shared their views on key issues facing the G-20, and their implications for poor people not represented at the table. Snippets below—listen to the full 30-minute Wonkcast for the rest of the story or scroll to the bottom of this page for full event video. If you’d like a bit of historical background on the G-20 and how it came into its current role, listen to my introductory remarks (they’re about 6 minutes long) that give some context for the rest of the discussion.

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How the G-8 and G-20 Fared on Development: Liliana Rojas-Suarez & Sarah Jane Staats

June 28, 2010

Posted by in Global Development Tags: , , , , ,

Sarah Jane Staats and Liliana Rojas-SuarezLeaders of the world’s largest and richest countries met over the weekend in Ontario, Canada. What did they accomplish? This week on the Wonkcast, I’m joined by two guests: CGD senior fellow Liliana Rojas-Suarez and director of policy outreach Sarah Jane Staats. We examine the statements released by the two groups—looking specifically at what they have to say about several key policy areas for global development.

Listen to the Wonkcast to hear our conversation. Among other topics, we discuss:

  • What President Obama’s G-8 announcement on his administration’s development strategy means for the U.S. aid reform agenda.
  • The significance of the G-20’s release of a set of principles for financial inclusion.
  • How the headline issues of financial stability and regulation might affect emerging countries.
  • What was said (and wasn’t said) in Toronto on expanding trade, especially for the world’s least developed countries.
  • What role an announced G-20 Working Group on development might play in the run-up to the next G-20 summit this fall in Seoul, South Korea.

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Beyond Microfinance: Principles of Access to Finance

November 13, 2009

Posted by in Economic Growth, Global Development, Private Investment Tags: , , , , ,

On this edition of the Wonkcast, I am joined by senior fellow Liliana Rojas-Suarez, who discusses her work as co-chair of the CGD Task Force on Access to Financial Services. Financial regulation—and access—is a hot topic right now, as countries try to reduce the chance of future financial crises, while also ensuring access to financial services. The US House and Senate are currently wrestling with exactly what a revamped US regulatory system should look like.

Liliana explains that the balance between financial stability and increased access to finance is at the root of these debates, and in fact was central to the financial collapse itself. “Even in the United States,” she explains, “many people did not have sufficient access to finance, and, well, nobody wanted to stop the provision of financial services. And that was creating a bubble that ended up in the largest crisis that we have seen in recent history.”

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