Hunter Monroe | |
---|---|
Born | |
Alma mater | Davidson College (BS) University of Oxford (M.Phil., D.Phil.) |
Occupation | Economist |
Years active | 1987–present |
Organization | |
Awards |
Hunter Monroe (born March 29, 1962) is an American economist, serving with the United States Congress Joint Economic Committee, Peterson Institute for International Economics, and International Monetary Fund. He was the IMF's representative to Georgia (1996-99) and Honduras (2005-06). He has published in the areas of crypto-assets, central bank digital currencies, natural gas markets, Ponzi schemes, and Caribbean economies, and outside of economics on computational complexity and theoretical physics. He was a Rhodes scholar. [1] and term member of the Council on Foreign Relations.
Born in Chapel Hill, NC, Monroe graduated from Chapel Hill High School (Chapel Hill, North Carolina) in 1980, and went on to study mathematics at Davidson College as a Stuart Scholar. He then obtained his D.Phil. in Economics from Oxford University, studying under Prof. John Vickers, examining systems versus components competition in the computer industry. [2]
Monroe worked on the staff of the United States Congress Joint Economic Committee during 1987-90, focusing on European integration. [3] He subsequently worked at the Peterson Institute for International Economics, co-authoring a book on the U.S. current account deficit. [4]
At the IMF, Monroe led Article IV and technical assistance missions to a range of countries, including Dominica, El Salvador, [5] [6] Georgia, Honduras, the Kyrgyz Republic, Myanmar, Paraguay, Sri Lanka, and Turkmenistan. His work examined subjects including fintech, spillovers within currency unions, Ponzi schemes, offshore financial centers, remittances, natural gas markets, and migration. He worked on teams delivering $3.5 billion debt relief to Bolivia, Honduras, and Zambia. He led development of the IMF's Financial Sector Stability Review, which has become the key tool guiding technical assistance to countries aiming to improve their financial stability, and helped raised $25 million from donor countries for the supporting Financial Sector Stability Fund. He served as IMF Representative to Georgia and Honduras.
Monroe also served as an adjunct professor at George Washington University's Elliott School for International Affairs, leading graduate seminars on the Economics of Natural Gas, and at Stanford University's Washington program, on international economics for undergraduates.
He has also published in fields outside of economics. In the area of computational complexity, he examined the relationship between computational problems with no fastest algorithm, such as matrix multiplication, [7] and whether closed timelike curves are undesirable in a physical model. [8] This paper "Are Causality Violations Undesirable?" was co-winner of the Queen Mary University of London Essay Prize on Closed Timelike Curves.
The economy of El Salvador has experienced relatively low rates of GDP growth, in comparison to other developing countries. Rates have not risen above the low single digits in nearly two decades – part of a broader environment of macroeconomic instability which the integration of the United States dollar has done little to improve. One problem that the Salvadoran economy faces is the inequality in the distribution of income. In 2011, El Salvador had a Gini Coefficient of .485, which although similar to that of the United States, leaves 37.8% of the population below the poverty line, due to lower aggregate income. The richest 10% of the population receives approximately 15 times the income of the poorest 40%.
The economy of Georgia is an emerging free market economy. Its gross domestic product fell sharply following the dissolution of the Soviet Union but recovered in the mid-2000s, growing in double digits thanks to the economic and democratic reforms brought by the peaceful Rose Revolution. Georgia continued its economic progress since, "moving from a near-failed state in 2003 to a relatively well-functioning market economy in 2014". In 2007, the World Bank named Georgia the World's number one economic reformer, and has consistently ranked the country at the top of its ease of doing business index.
Nicaragua pursues an independent foreign policy. A participant of the Central American Security Commission (CSC), Nicaragua also has taken a leading role in pressing for regional demilitarization and peaceful settlement of disputes within states in the region.
Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. The process is also known as dollarization or euroization when the foreign currency is the dollar or the euro, respectively.
In economics, the Dutch disease is the apparent causal relationship between the increase in the economic development of a specific sector and a decline in other sectors.
In mathematical physics, a closed timelike curve (CTC) is a world line in a Lorentzian manifold, of a material particle in spacetime, that is "closed", returning to its starting point. This possibility was first discovered by Willem Jacob van Stockum in 1937 and later confirmed by Kurt Gödel in 1949, who discovered a solution to the equations of general relativity (GR) allowing CTCs known as the Gödel metric; and since then other GR solutions containing CTCs have been found, such as the Tipler cylinder and traversable wormholes. If CTCs exist, their existence would seem to imply at least the theoretical possibility of time travel backwards in time, raising the spectre of the grandfather paradox, although the Novikov self-consistency principle seems to show that such paradoxes could be avoided. Some physicists speculate that the CTCs which appear in certain GR solutions might be ruled out by a future theory of quantum gravity which would replace GR, an idea which Stephen Hawking labeled the chronology protection conjecture. Others note that if every closed timelike curve in a given space-time passes through an event horizon, a property which can be called chronological censorship, then that space-time with event horizons excised would still be causally well behaved and an observer might not be able to detect the causal violation.
In macroeconomics, a stabilization policy is a package or set of measures introduced to stabilize a financial system or economy. The term can refer to policies in two distinct sets of circumstances: business cycle stabilization or credit cycle stabilization. In either case, it is a form of discretionary policy.
John Harold Williamson was a British-born economist who coined the term Washington Consensus. He served as a senior fellow at the Peterson Institute for International Economics from 1981 until his retirement in 2012. During that time, he was the project director for the United Nations High-Level Panel on Financing for Development in 2001. He was also on leave as chief economist for South Asia at the World Bank during 1996–99, adviser to the International Monetary Fund from 1972 to 1974, and an economic consultant to the UK Treasury from 1968 to 1970. He was also an economics professor at Pontifícia Universidade Católica do Rio de Janeiro (1978–81), University of Warwick (1970–77), Massachusetts Institute of Technology, University of York (1963–68) and Princeton University (1962–63).
The chronology protection conjecture is a hypothesis first proposed by Stephen Hawking that laws of physics beyond those of standard general relativity prevent time travel on all but microscopic scales - even when the latter theory states that it should be possible. The permissibility of time travel is represented mathematically by the existence of closed timelike curves in some solutions to the field equations of general relativity. The chronology protection conjecture should be distinguished from chronological censorship under which every closed timelike curve passes through an event horizon, which might prevent an observer from detecting the causal violation.
Raghuram Govind Rajan is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business. Between 2003 and 2006 he was Chief Economist and director of research at the International Monetary Fund. From September 2013 through September 2016 he was the 23rd Governor of the Reserve Bank of India. In 2015, during his tenure at the RBI, he became the Vice-Chairman of the Bank for International Settlements.
Suppose a Lorentzian manifold contains a closed timelike curve (CTC). No CTC can be continuously deformed as a CTC to a point, as that point would not be causally well behaved. Therefore, any Lorentzian manifold containing a CTC is said to be timelike multiply connected. A Lorentzian manifold that does not contain a CTC is said to be timelike simply connected.
Simeon Dyankov is a Bulgarian economist. From 2009 to 2013, he was the deputy prime minister and minister of finance of Bulgaria in the government of Boyko Borisov. He has been a vocal supporter of Bulgaria's entry into the Eurozone. Before his cabinet appointment, he was the chief economist of the finance and private sector vice-presidency of the World Bank.
Avinash D. Persaud is Emeritus Professor of Gresham College in the UK. He was Chairman of Intelligence Capital Ltd., a company specializing in analyzing, managing and creating financial liquidity in investment projects and portfolios. He was also the non-Executive Chairman of the London-based Elara Capital, an investment bank. Persaud was a Non-resident Senior Fellow of the Peterson Institute of International Economics, Executive Fellow of London Business School and Senior Fellow with the Caribbean Policy Research Institute and Head of its Barbados office.
Malcolm D. Knight is a Canadian economist, policymaker and banker. He is currently Visiting Professor of Finance at the London School of Economics and Political Science and a Distinguished Fellow at the Center for International Governance Innovation. From 2008 to 2012, Knight was Vice Chairman of Deutsche Bank Group where he was responsible for developing and coordinating the bank's global approach to issues in financial regulation, supervision, and financial stability. He served as general manager of the Bank for International Settlements from 2003 to 2008 and as Senior Deputy Governor of the Bank of Canada (1999-2003), after holding senior positions at the International Monetary Fund (1975-1999).
Edwin (Ted) M. Truman is an American economist specializing in international financial institutions, especially the International Monetary Fund and sovereign wealth funds. He has been a Senior Fellow with the Peterson Institute for International Economics since 2001. Truman has worked quietly over the years on international financial crises issues. Nobel laureate Paul Krugman described Truman as the "George Smiley of international economics".
Riad Toufic Salameh is the current Governor of Lebanon's central bank, Banque du Liban since April 1993. He was appointed Governor by decree, approved by the Council of Ministers for a renewable term of six years. He was reappointed for four consecutive terms; in 1999, 2005, 2011 and 2017.
Jens Weidmann is a German economist who served as president of the Deutsche Bundesbank between 2011 and 2021. He also served as chairman of the Board of the Bank for International Settlements.
Klaus P. Regling is a German economist and the former Chief Executive Officer of the European Financial Stability Facility (EFSF) and Managing Director of the European Stability Mechanism. Regling was reportedly considered as a possible head of the European Central Bank to succeed Jean Claude Trichet.
Consensus Economics is a global macroeconomic survey firm that polls more than 700 economists monthly for their forecasts for over 2000 macroeconomic indicators in 115 countries. The company is headquartered in London, United Kingdom.
Nicoletta Batini is an Italian economist, notable as a scholar of innovative monetary and fiscal policy practices. During the crisis she pioneered the IMF work exposing the dangers of excessive fiscal austerity and designed ways to consolidate public debt successfully during phases of financial deleveraging. Since 2003 at the International Monetary Fund, she has served as Advisor of the Bank of England’s Monetary Policy Committee between 2000-2003 and was Professor of Economics at the University of Surrey (2007-2012), and Director of the International Economics and Policy office of the Department of the Treasury of Italy’s Ministero dell’Economia e delle Finanze (MEF) between 2013-2015. Batini's fields of expertise include monetary policy, public finance, open economy macroeconomics, labor economics, energy and environmental economics, and economic modeling. She has handled extensive consultancy roles in the public sector in advanced and emerging market countries. She holds a Ph.D. in international finance from the Scuola Superiore S. Anna and a Ph.D. in monetary economics from the University of Oxford.