Presenter: Robert Z. Aliber
Professor Emeritus of Economics and Finance at the Chicago Booth School of Business
Timing: Wednesday 13 May, 2015, 14:00-15:30
Address: Classroom 512, Lang Run Garden, Peking University
Andy Warhol was America's most famous pop artist. One of his quips was, "Everyone is famous for fifteen minutes." That is the basis for the statement, "Every country grows rapidly for twenty or thirty years”. Japan experienced forty years of rapid growth, which ended with a massive asset price bubble. Since then its growth rate has been below two percent a year. China has experienced thirty years of brilliant economic growth, three or four hundred million people have moved from the villages and the countryside to the cities, "with clean water in and dirty water out." Now the growth rate is slowing as property prices decline.
【Introduction of presenter】
Bob Aliber retired from the faculty of the Graduate School of Business of the University of Chicago in 2004 as Professor of International Economics and Finance Emeritus. He has been a visiting scholar and professor at several institutions including the Bank of England, the Woodrow Wilson Center for Scholars in Washington, the Amos Tuck School at Dartmouth College and the London Business School.
Professor Aliber has written extensively about the prices of currencies, international investment flows, banking issues, the multinational firm, international monetary arrangements, and financial crisis. Among his many writings are The New International Money Game (7th edition, Palgrave, 2012) and Manias, Panics, and Crashes (6th edition, Palgrave, 2011). He co-edited with Gyfli Zoega Prelude to the Icelandic Financial Crisis (Palgrave, 2011).
His current research focus is the source or identification of the shocks which have created more than forty banking crises since 1970, including the crash of 2008.
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