Annual Maxwell Fry Global Finance Lecture

Maxwell J. Fry (1944-2000) was a prominent figure around the world in International Finance and his work was widely acclaimed in central banking circles. His contribution was in the fields of international and development (‘global’) finance and this annual lecture is given by an internationally leading academic or policymaker on a topic that reflects Fry’s interests.

Fry received his PhD in Economics at the London School of Economics in 1970 and taught at The City University of London for four years. In 1974 he joined the Department of Economics at the University of Hawaii before leaving to teach at University of California-Irvine in 1980. Shortly after this he accepted an endowed chair as a Professor of International Finance at Birmingham Business School. He passed away prematurely in 2000 and we remember him each year in late October.

2024 Lecture: Hélène Rey

"Global Cycles"

9th October 2024 - 16.00 to 17.00 

Location: 
Birmingham Business School, University House, 116 Edgbaston Park Road Birmingham B15 2TY

Hélène Rey is the Lord Bagri Professor of Economics at London Business School.

Until 2007, she was at Princeton University, as Professor of Economics and International Affairs in the Economics Department and the Woodrow Wilson School. Her research focuses on the determinants and consequences of external trade and financial imbalances, the theory and empirics of financial crises and the organization of the international monetary system. She demonstrated that countries's gross external asset positions help predict current account adjustments and the exchange rate. She introduced the concept of Global Financial Cycles and qualified the idea of the Mundellian Trilemma.

She was awarded an Alfred P. Sloan Research Fellowship, the 2006 Bernácer Prize and the 2012 inaugural Birgit Grodal Award of the European Economic Association. In 2013 she received the Yrjö Jahnsson Award shared with Thomas Piketty, in 2014, the Inaugural Carl Menger Preis, the 2015 Prix Edouard Bonnefous, the 2017 Maurice Allais Prize and the 2020 Prix Turgot.

Professor Rey is an elected Fellow of the British Academy, of the Econometric Society, of the European Economic Association, of the American Academy of Arts and Sciences, a Foreign Honorary Member of the American Economic Association, a correspondant of the Académie des Sciences Morales et Politiques. She was made O.B.E for services to economics. She was on the board of the Review of Economic Studies (2008-2015), an associate editor of the AEJ: Macroeconomics Journal. She is a co-editor of the Annual Review of Economics, a Research Fellow and Vice President of CEPR and an NBER Research Associate. She is a member of the Group of Thirty, of the Bellagio Group on the international economy and a member of the external advisory group to the managing director of the IMF. She is a member of the Haut Conseil de Stabilité Financière (French Macro Prudential Authority).

She was a member of the Conseil d’Analyse Economique until 2012 and on the Board of the Autorité de Contrôle Prudentiel et de Résolution (2010-2014). She has been elected President of the European Economic Association. She writes a regular column for the French newspaper Les Echos. Hélène Rey received her undergraduate degree from ENSAE, a Master in Engineering Economic Systems from Stanford University and her PhDs from the London School of Economics and the Ecole des Hautes Etudes en Sciences Sociales.

Past Maxwell Fry Lectures

 

Year Speaker Title Link
2023 Charlie Bean To QE or not to QE: What have we learned about the usefulness of central bank asset purchases?  
2022 Dame Colette Bowe Building Trust in Macroprudential Policy About
Speech
2021 Alec Crystal The Yuan and the Dollar Crisis Paper
Slides
Recording
2020 Richard G. Anderson Central banking in interesting times and the demand for base money Recording
2019 Marcus Miller A silent run on shadow banks: due to sunspots or chicanery?  
2018 Jean-Bernhard Chatelain Leaning Against the Wind  
2017 Panicos O. Demetriades Financial Stability and Financial Development: Lessons from a Euro Area Banking Crisis  
2016 David Miles The Housing Market and Macro-prudential Policy  
2015 David Llewellyn Post Crisis Regulation: what has been achieved and what remains to be done?  
2014 Andrew Haldane Managing Global Finance as a System Link
2013 Charles Calomiris  The Political Economy of Inflation-Tax Banking:  Brazil and Mexico in the 19th and 20th Centuries  
2012 Thorsten Beck Finance, Growth and Fragility: The Role of Government Link
2011 Michael Foot Can Macro-Prudential Regulation Reduce Financial Instability?  
2010 John Williamson The Impact of the Global Financial Crisis on Development Thinking  
2009 Stijn Claessens Developing Countries and Financial Crises: What Lessons?  
2008 William A. Allen The Credit Crunch, the Financial Industry and the World Economy  
2007 Ross Levine Finance and the Poor Link
2006 Marek Belka Transition to Euroland  
2005 Gerard Caprio Jr Till Angels Govern: Rethinking Bank Regulation  
2004 Charles Goodhart  Some Reflections on Financial Stability  
2003 Andrew Crockett Thoughts on the New Financial Architecture  
2002 Ronald McKinnon The World Dollar and Emerging Markets  
2001 Mervyn King No Money, No Inflation – The Role of Money in the Economy  
1999 DeAnne Julius Back to the Future of Low Global Inflation.