January 13, 2011 12:45-14:00   Venue:CLUB KANTO (19F Tokyo Ginko Kyokai Bldg. 3-1, Marunouchi, Tokyo)

Prof. Jay Rosengard Special Lecture (Jan-13, 2011)

On January 13, 2011, the Canon Institute for Global Studies (CIGS) had the privilege of welcoming Prof. Jay Rosengard, who lead a discussion entitled "Keynes versus Hoover: Finding the Path to Prosperity Amidst the Ruins of the Global Economic Crisis"

Prof. Jay Rosengard Presentation Summary

Prof. Rosengard facilitated a discussion on the current debate over the most appropriate fiscal and monetary policies for promoting growth two years after the onset of the global economic crisis. There is considerable disagreement both between and within countries as to the risk of a double-dip recession if governments cut spending and raise interest rates too soon, versus the risk of long-term non-competitiveness if indebtedness is allowed to grow to unsustainable levels. Tokyo is an especially appropriate venue for examination of these issues in light of Japan's extended period of stagnation after the burst of its asset bubbles two decades ago.

Prof. Jay Rosengard Presentation Sheets

Jay Rosengard: Lecturer in Public Policy, has 30 years of international experience designing, implementing, and evaluating development policies in: public finance and fiscal strategy, tax reform, municipal finance and management, intergovernmental fiscal relations, banking and financial institutions development, microfinance, management information systems, monitoring and evaluation, human resource development, and public administration. He has worked for a wide variety of multilateral and bilateral donors, as well as directly for host governments and private sector clients. Prof. Rosengard is Director of the Mossavar-Rahmani Center for Business and Government's Financial Sector Program, which focuses on the development of bank and nonbank financial institutions and alternative financing instruments. This includes microfinance (small-scale lending and local savings mobilization), mainstream commercial banking (general and special-purpose banks), and wholesale financial intermediation (municipal development funds, venture capital funds, pooled financing, secondary mortgage facilities, and securitization). In addition, Prof. Rosengard is a Faculty Affiliate of both the Ash Institute for Democratic Governance and Innovation and the Center for International Development. He also serves as Faculty Chair of three executive programs: FIPED (Financial Institutions for Private Enterprise Development), which focuses on sustainable and effective microfinance and SME (small and medium enterprise) finance; COMTAX (Comparative Tax Policy and Administration), which addresses key strategic and tactical issues in tax design and implementation; and VELP (Vietnam Executive Leadership Program), which is an innovative policy dialogue with senior Vietnamese leadership.