Topic: Stories from the Financial Crisis
Presenter：Jack S. Rader, Executive Director of FMA(Financial Management Association)
Time: May 4, 2009（Monday）7:00—8:30PM
Venue: Libruary Lecture Hall
What’s so special about this crisis?
Various crises
Tulip bubble
Great depression
Asian currency
Russia
Dot com
Various stats on the current crisis
The difference in 2002 vs. 2007 – present
What are the causes of the current crisis?
Bubbles
What happens when bubbles burst
Transparency and opacity
Valuation and models
Interconnectedness
“Bank” runs
How do we fix it? What’s the solution? What are the costs and benefits of the solutions?
Stimulus spending
Monetary intervention
Regulation
Other approaches
When we will get back to normal?
The US housing market
Thoughts about consumer spending
Importance to the economy
Confidence
Savings
Spending levels going forward
What are the lessons we can learn from the crisis?
Presenter Introduction：
As Executive Director of the Financial Management Association International (FMA), Jack is the chief executive officer of the largest academic finance organization in the world. Internationally recognized for its work in facilitating the transfer of ideas and information between university professors and business executives, FMA encourages action-oriented research and underwrites a variety of programs that enhance the study and practice of finance. FMA hosts Annual Research Conferences in the US, Europe, and Asia that feature a variety of presentations of contemporary research, panel discussions involving leading practitioners and academics, and tutorials.
Jack has published numerous articles and is co-author of Managing Pension Plans: A Comprehensive Guide to Improving Plan Performance (Harvard Business School Press, 1998—winner of the Clarence Arthur Kulp/Elizur Wright Memorial Award, 2000) and Managing Pension and Retirement Plans: A Guide for Employers, Administrators, and Other Fiduciaries (Oxford University Press, 2004 - with Gus Baker and Dennis Logue).
Jack has degrees from USF (MBA, Finance, 1981) and the University of Tennessee-Knoxville (BS, Management Science, 1972). Jack was awarded the Chartered Financial Analyst (CFA) designation by the Association for Investment Management Research and the Institute of Chartered Financial Analysts in 1991.