主 题： Financial Crises and the Damage They Cause
主讲人：Thomas D. Simpson, Ph. D.
美国北卡罗莱纳大学威明顿学院教授
主持人：金融学院 杨韧讲师
时 间：2014年5月26日晚7:00-9:00
地 点：柳林校区经世楼E101
主办单位：金融学院 科研处
主讲人简介：
Dr. Thomas D. Simpson, Executive in Residence, Department of Economics & Finance, retired from working 30 years in the US Board of Governors of the Federal Reserve System in Washington, DC. He received his A.B. in economics from the University of Minnesota and his Ph.D. in economics from the University of Chicago. Dr. Simpson has focused his professional career on monetary policy and financial markets—serving as a senior official at the Federal Reserve Board and to the Federal Open Market Committee. While at the Board, he represented the United States at the Committee on Financial Markets of the Organization for Economic Cooperation and Development in Paris. He has been a resident advisor to the Central Bank of Russia and a principal advisor to the Central Bank of Iraq. He has published articles in various professional journals and is author of Money, Banking, and Economic Analysis and of Financial Markets, Banking, and Monetary Policy (forthcoming in 2014). He also co-authors a quarterly newsletter, Economic Barometer.
内容提要：
1. Financial crises have been global in scope and have caused huge losses of people’s savings and severe economic downturns.
2. Financial crises disrupt the functioning of major financial institutions and their role in providing financing to the economy.
3. Crises are typically precipitated by a large drop in asset prices that impairs major financial institutions
4. The resulting downturns tend to be more severe than those caused by other factors and recoveries from them are slower.
5. During a financial crisis, an adverse feedback loop can unfold—a vicious downward interaction between the financial system and the economy.
