The state of the global economy

Virtual roundtableEconomic and Monetary Policy Institute
Thu 26 Jun 202515:00 - 16:00

In this briefing on the state of the global economy, OMFIF’s US Chair Mark Sobel and a panel of experts explore the key monetary and fiscal developments across Europe, US and Asia. Speakers also discuss geopolitical tensions and their impact on the health of the financial system.

Speakers

Jill Cetina

Executive Professor, Associate Director of Commercial Banking Program

Mays Business School at Texas A&M

Jill Cetina

Executive Professor, Associate Director of Commercial Banking Program

Mays Business School at Texas A&M

Jill Cetina is associate director of the commercial banking programme and executive professor of finance at Mays Business School at Texas A&M University. Previously, she was associate managing director for US banks and government-sponsored enterprises at Moody’s Investors Service. She also worked at the Federal Reserve Bank of Dallas as vice president of supervision, responsible for banking supervision, macro-financial analysis and monitoring monetary policy formulation.

Guillermo Felices

Principal and Global Investment Strategist

PGIM Fixed Income

Guillermo Felices

Principal and Global Investment Strategist

PGIM Fixed Income

Guillermo Felices is principal and investment strategist at PGIM Fixed Income. Prior to joining the firm, he was head of investment strategy and member of the Multi-Asset Investment Committee at BNP Paribas Asset Management. Previously, he was head of asset allocation research for Europe at Barclays, having joined as head of foreign exchange strategy for Europe. Earlier, he was senior global macro strategist at Citi and senior economist at the Bank of England. He was also research fellow at the London School of Economics and Political Science.

Zongyuan Zoe Liu

Maurice R. Greenberg Fellow for China Studies

Council on Foreign Relations

Zongyuan Zoe Liu

Maurice R. Greenberg Fellow for China Studies

Council on Foreign Relations

Zongyuan Zoe Liu is senior fellow for China studies at the Council on Foreign Relations. Her work focuses on international finance, sovereign wealth funds and the geoeconomics of energy transition. Her regional expertise is in east Asia and the Middle East. Liu is the author of ‘Can BRICS De-dollarize the Global Financial System?’ and ‘Sovereign Funds: How the Communist Party of China Finances its Global Ambitions’.

Mark Sobel

Vice Chair and Chief Economist

OMFIF

Mark Sobel

Vice Chair and Chief Economist

OMFIF

Mark Sobel is Chief Economist and Vice Chair at OMFIF. Mark is a veteran US Treasury official, who was at the forefront of international financial diplomacy for two decades.

Mark, who represented the US on the International Monetary Fund executive board up to April 2018, has had a 40-year Treasury career with extensive around-the-world engagement.

He works with OMFIF in dealings with private and public sector organisations, speak regularly on international and US policy, and provide OMFIF members with insight and analysis.

Mark was Treasury Deputy Assistant Secretary for international monetary and financial policy between 2000 and early 2015. He helped lead Treasury preparations for G7 and G20 finance minister and central bank governor meetings, formulated US positions at the IMF, and coordinated Treasury and regulatory agencies’ work in the Financial Stability Board.

Mark founded the US/EU Financial Market Regulatory Dialogue and chaired an international group of private and official sovereign debt experts that developed enhanced collective action clauses for sovereign debt restructuring. He managed the $100bn-plus Treasury Exchange Stabilization Fund and played a key role in US foreign exchange policy including coordinating the Treasury’s semi-annual foreign exchange report on China and other countries.

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