Global Strategic Finance Initiative: Publications, Events and More

Fading of the Dollar's Dominance | Washington Post

Cecille Isidro — Tue, 23 Jun 2009 16:10:00 -0400

New America in the News:

"The dollar may very well see periods of strength in the weeks and months ahead," said Douglas Rediker, director of the Global Strategic Finance Initiative at the New America Foundation. "But in the long run, I think it is clear that it will lose some of its hegemonic status." Original article

President Obama Wants New Rules for Wall Street | KCRW

Cecille Isidro — Thu, 18 Jun 2009 14:51:00 -0400

New America in the News:

One Goal of Obama's 'Sweeping Overhaul': Prevent Another AIG | Christian Science Monitor

Cecille Isidro — Wed, 17 Jun 2009 18:39:00 -0400

New America in the News:

“There's a delicate balancing act that the administration is trying to navigate through,” says Doug Rediker, a former investment banker now at the New America Foundation. Businesses, including banks, naturally want to keep growing. ...

Will Obama's Financial Regulatory Plan Work? | Christian Science Monitor

Cecille Isidro — Wed, 17 Jun 2009 15:54:00 -0400

New America in the News:

“They have tried to achieve very ambitious goals within the framework of what is realistic,” says Doug Rediker, a former investment banker now at the New America Foundation in Washington. The economic crisis creates a window in which Congress may be ...

Would the New Rules Have Prevented The Economic Collapse? | WTOP

Cecille Isidro — Wed, 17 Jun 2009 10:42:00 -0400

New America in the News:

Douglas Rediker, Director, Global Strategic Finance Initiative at the New America Foundation discusses President Obama's financial regulatory plan and his proposed reforms for the Federal Reserve. Link to audio

Changes in Global Finance Forces Tectonic Policy Shifts

Economic Growth — Mon, 11 May 2009 06:20:00 -0400

The following speech was given by Douglas Rediker for the Truman National Security Project in Washington, DC on May 1, 2009.

Green-shoots and optimism aside, let's agree that no one really knows how the economic crisis will play out or when it will end. There are those who believe that we have reached the bottom and others who believe that we have only reached a "temporary bottom."

Reserved for China

Cecille Isidro — Wed, 22 Apr 2009 09:08:00 -0400

Since the global financial crisis began, one of the major surprises has been the continued resilience of the U.S. dollar - despite attacks on the "American-style capitalist model," financial sector weakness, and record U.S. government deficit spending. The dollar today represents almost two thirds of the world's official currency reserves. Its holders presumably believe that it will remain highly liquid, relatively stable in value, and supported by prudent economic policies by the U.S. Treasury and Federal Reserve.

G-20: Big Role for a Low-Profile Regulator | BusinessWeek

Cecille Isidro — Thu, 02 Apr 2009 23:17:00 -0400

New America in the News:

"It is much more serious than we anticipated," said Douglas Rediker, director of the global strategic finance initiative at the New America Foundation in Washington. Gary Hufbauer of the Peterson Institute for International Economics said the ...

G-20 Economic Summit Preview

Kate Schuler — Tue, 31 Mar 2009 05:00:00 -0400

A New America Event
03/31/2009 - 12:00pm

On April 2, leaders of the world's twenty largest economies will meet in London to work to restore stability, confidence and craft a path forward for the world's financial system. This meeting represents a prime opportunity for President Obama to demonstrate that he understands what is at stake globally in this financial crisis. Can Obama translate his popularity into a new US relationship with the world? Will the US approach this summit with a willingness to take a realistic approach… more

Bold Action for the G20 Summit

Economic Growth — Tue, 31 Mar 2009 04:11:00 -0400

With the London Summit rapidly approaching, I urge participants to take bold steps to address the fundamental structural issues in global finance that have, in part at least, led to the current economic crisis. I recognize that there remains a debate between those who believe that the current economic environment compels a dramatic rethink of the foundations, systems and structures upon which the global economy operates, and those who believe that such sweeping reforms are both unnecessary and politically

A Lever to Move the World | CQ Weekly

Cecille Isidro — Sun, 29 Mar 2009 13:14:00 -0400

New America in the News:

“When it comes to a country like Hungary or a country like Ukraine, in particular, the IMF support has been enormously crucial,” said Douglas Rediker, director of the Global Strategic Finance Initiative at the centrist New America Foundation. “They have acted surprisingly quickly and with surprising flexibility to stave off what

Meltdown 101: Will China Global Currency Idea Fly? | Associated Press

Cecille Isidro — Tue, 24 Mar 2009 17:01:00 -0400

New America in the News:

But Doug Rediker, an international finance expert at the New America Foundation, noted that euro-denominated bonds are issued by numerous European governments, rather than a central authority, and some of those governments are not as reliable a credit ...

Spending Question Divides US, Europe | The Associated Press

Cecille Isidro — Mon, 23 Mar 2009 09:56:00 -0400

New America in the News:

... systems so its always hard to say that one is spending more than the other because there are fundamentally real differences," said Douglas Rediker, head of the Global Strategic Finance Initiative at the New America Foundation in Washington DC. ...

So What's A Toxic Asset? | CBS News

Cecille Isidro — Mon, 23 Mar 2009 09:40:00 -0400

New America in the News:

"Toxic assets are the ones that nobody wants to touch because they're just considered too dangerous," Doug Rediker, of New America Foundation, told CBS News. Normally banks can sell their healthy assets, such as a borrower's timely paid mortgage, ...

A Plan To Purge Banks' Toxic Assets | CBS News

Cecille Isidro — Sun, 22 Mar 2009 21:01:00 -0400

New America in the News:

"It's generally complex securities that are simply so complicated that nobody really knows what they're worth," says Doug Rediker, of the New America Foundation. The government is calling it the "public-private" investment program. ...

Global Mess Gives Birth to New Era | Financial Post

Cecille Isidro — Sat, 14 Mar 2009 10:23:00 -0400

New America in the News:

But the United States doesn't appear to recognize how much anger and blame is being cast its way," says Douglas Rediker, a former investment banker who is now director of the Global Strategic Finance Initiative at the New America Foundation in ...

Nature of Citi Stake Debatable | Financial Times

Cecille Isidro — Fri, 27 Feb 2009 13:30:00 -0500

New America in the News:

“It is an evolutionary step in the right direction, but as many analysts are pointing out, the fear remains that more steps will be required in the future,” said Douglas Rediker at the New America Foundation, a public policy institute.

Kerry Shakes Things Up at the SFRC | Foreign Policy

Cecille Isidro — Thu, 12 Feb 2009 19:12:00 -0500

New America in the News:

Kerry's committee has also hired international financial expert Heidi Crebo-Rediker from the New America Foundation to head up a new SFRC focus on ...

Foreign Policy Implications of the Financial Crisis

Communications — Wed, 11 Feb 2009 17:01:00 -0500

Washington DC -- Douglas Rediker, director of New America Foundation's Global Strategic Finance Initiative, testified before the U.S. Senate Committee on Foreign Relations today on the foreign policy implications of the financial crisis.

Foreign Policy Implications of the Financial Crisis

Economic Growth — Wed, 11 Feb 2009 14:30:00 -0500

Thank you Mr. Chairman and members of this committee for the honor of addressing you today. Mr. Chairman, it is a tribute to your leadership that this roundtable is being convened in recognition of the centrality of economic and financial issues to American foreign policy.