External authors

Adam Posen

Adam Posen

President of PIIE

Adam S. Posen is the president of the Peterson Institute for International
Economics.

Adam Posen is President of the Peterson Institute for International Economics. From 2009-12, during the global financial crisis, he served as an external voting member of the Bank of England’s Monetary Policy Committee, and was a globally recognized advocate of activist macroeconomic policy response to the crisis. He is the author or editor of six books, and has served as a visiting scholar or consultant to central banks throughout Europe, North America, and East Asia. He is in his fifth term as an Economic Advisor to the US Congressional Budget Office. He received his PhD in Political Economy from Harvard University, and has been the recipient of fellowships and major research grants from the European Commission, the Ford Foundation, the Sloan Foundation, and the US National Science Foundation.

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Working Paper

Enhancing financial stability in developing Asia

Enhancing financial stability in developing Asia

This paper outlines guidelines for policymakers pursuing financial stability in developing Asia. It aims at supporting Asian policymakers’ judgment by providing policy views and recommendations that are based on the analysis of the recent sequence of events in the United States and Europe and of earlier crisis episodes, including those in Asia during the 1990s

By: Adam Posen and Nicolas Véron Topic: Global Economics & Governance Date: October 20, 2015
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Opinion

Adam Posen
Nicolas Véron

Europe's half a banking union

Even with all the risks in mind, we are convinced that in terms of financial stability and beyond, the half a banking union that has been undertaken will be transformative and positive for the European Union.

By: Adam Posen and Nicolas Véron Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: September 19, 2014
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Book

An ocean apart: Comparing transatlantic responses to the financial crisis

An ocean apart: Comparing transatlantic responses to the financial crisis

Has the EU-US relationship become a sideshow or is it still central to the global economy? Conflicting signals have been sent out since the outbreak of the global crisis. The creation of the G20 and its designation as ‘the premier forum for international cooperation’ suggest that attention and priorities have moved away from the traditional […]

By: Adam Posen, Jean Pisani-Ferry and Fabrizio Saccomanni Topic: Finance & Financial Regulation, Global Economics & Governance Date: March 12, 2011
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Working Paper

From convoy to parting ways? Post-crisis divergence between European and US macroeconomic Policies

From convoy to parting ways? Post-crisis divergence between European and US macroeconomic Policies

The response in 2008-09 to the global financial crisis was in many ways a high water mark for transatlantic policy coordination. The major economies of the EU and the US rapidly agreed on a series of measures to limit the crisis. However, the common approach has since unraveled. This paper explores why the ‘London consensus’ […]

By: Jean Pisani-Ferry and Adam Posen Topic: Global Economics & Governance Date: February 15, 2011
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Blog Post

Jean Pisani-Ferry
Adam Posen

Why the Euro Is Not the Next Global Currency

Bruegel Director Jean Pisani-Ferry and Adam Posen, Member of the Monetary Policy Committee for the Bank of England and Bruegel Board Member, explain why the euro has not been favored as a global currency even as the dollar’s dominance of the world currency markets has been met with widespread criticism. The authors point out that […]

By: Jean Pisani-Ferry and Adam Posen Topic: European Macroeconomics & Governance, Global Economics & Governance Date: October 17, 2010
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Blog Post

Adam Posen
Nicolas Véron

European banking needs a state-led triage body

Adam Posen and Nicolas Veron briefly outline the proposal of their policy brief ‘A Solution for Europe’s Banking problem‘, that a number of European states should jointly create a trustee to manage the triage, restructuring and resolution processes, which they believe indispensible to heal the European banking system. The Bank for International Settlements has just […]

By: Adam Posen and Nicolas Véron Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: July 1, 2009
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Book

The euro at ten: the next global currency?

The euro at ten: the next global currency?

Over the first ten years of its existence, the euro has proved to be more than a powerful symbol of collective identity. It has provided price stability to previously inflation-prone countries; it has offered a shelter against currency crises; and it has by and large been conducive to budgetary discipline. The eurozone has attracted five […]

By: Jean Pisani-Ferry and Adam Posen Topic: European Macroeconomics & Governance Date: June 14, 2009
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Policy Brief

A solution for Europe's banking problem

A solution for Europe's banking problem

Nicolas Véron and Adam Posen believe Europe should build new long term European joint-action to face the likely high rising number of insolvent banks on the continent. The authors propose on the one hand, a centralised triage and restructuring process of bad European banks lead by a new temporary European Institution, a European Bank Support […]

By: Adam Posen and Nicolas Véron Topic: Finance & Financial Regulation Date: June 11, 2009