Members in the News
- Turner Discusses Global Credit Addiction
- February 10, 2014
- Lord Adair Turner, G30 member and former chairman of the UK Financial Services Authority, gave a speech at Goethe University in Frankfurt, Germany on the importance of controlling private debt. He argues that inflation targeting is insufficient to maintaining long-term stability; rather reforms should focus on creating less credit-intensive growth.
- Paul Krugman on a Potential Emerging Market Crisis
- February 4, 2014
G30 Member Paul Krugman discusses the potential of an emerging-market crisis in a recent New York Times Op-Ed. Although many point to Turkey's economic struggles as a driving cause of such a crisis, Krugman blames western economies who have failed to address their own underlying weaknesses, resulting in global declines in investment.
- Rhodes on Emerging Markets
- January 31, 2014
Bill Rhodes, G30 Member and President and CEO of William Rhodes Global Advisors, discusses rising turmoil in emerging markets to CNBC. He stresses his concern over the effects of tapering in countries such as Brazil, Turkey, and Argentina and over China's recent shift from export-led growth towards domestic consumption.
- Carney Calls for Change in Foreign-Exchange Markets
- January 24, 2014
G30 member, Mark Carney, spoke at the World Economic Forum in Davos, Switzerland to encourage regulators to fix the mechanics of interest rate and foreign-exchange benchmarks. He adds that this effort must be coupled with a reform in the behavior of private individuals and institutions to truly see long term change in these markets.
- Draghi Named 2014 Governor of the Year
- January 13, 2014
The Group of Thirty congratulates member Mario Draghi for winning the inaugural Governor of the Year award from specialist publication Central Banking. The publication cited Draghi's leadership as key to restoring confidence in the European economy.
- Fischer Nominated as Vice Chair of Federal Reserve
- January 10, 2014
The Group of Thirty is pleased to note that President Obama has nominated G30 member, Stanley Fischer, as Vice-Chair of the Board of Governors of the Federal Reserve System. We congratulate him on his nomination.
- Martin Feldstein Comments on the 2014 Outlook
- December 31, 2013
G30 member, Martin Feldstein, comments on the US economic outlook for 2014. Feldstein concludes that while there are still issues to address, the outlook for real growth is better in the coming year than at any time since the downturn.
- Bill Rhodes Discusses the G30's Latest Report
- December 16, 2013
G30 member, Bill Rhodes, gave an interview on Bloomber Radio's Hay's Advantage in which he spoke about the Group's latest report, A New Paradigm. Rhodes discussed the important role bank boards should play, as well as the importance of culture in financial institutions.
- Krugman on the World Economy
- November 25, 2013
In a BBC Business Daily Broadcast, G30 Member Paul Krugman and Joseph Stiglitz discuss issues plaguing growth in Western economies. The Nobel laureate economists talk about whether the US is on course for a return to full employment, what the future holds for the eurozone, and whether rising inequality lies behind the global slump.
- Rajan Proposes Dramatic Remaking on India's Banking System
- November 18, 2013
In an interview with The Financial Times, G30 Member Raghuram Rajan discusses extensive banking reform in India. The central bank governor has already instituted new rules to liberalize the treatment of foreign banks and to begin issuing new banking licenses. These regulations are part of a massive initiative to reduce state control and rejuvenate international investment in India's Financial Services sector.
- Rogoff Questions Proposed Wealth Tax
- November 6, 2013
G30 Member, Kenneth Rogoff, discusses the IMF proposal for European countries to issue a one-time 10% wealth levy. Rogoff argues that although the moral case for the tax is strong, the distortionary effects may be exacerbated by uncertainty. Instead, he offers alternative policy initiatives, such as a unified VAT rate, to assist the European economic recovery.
- Debt, Money, and Mephistopheles: How Do We Get Out of This Mess
Adair Turner discusses causes that contributed to the financial crisis and post crisis recession.
- Long-term Finance and Economic Growth
The report examines critical constraints on the supply of long-term finance and calls for reforms that can strengthen the flow of capital into long-term investments by governments, institutional and individual investors.
Guillermo de la Dehesa discusses design and management failures that contributed to the economic crisis facing the eurozone.