Deep Dive Series: STOCK MARKETS - ANOTHER "BLACK MONDAY?"
8:30-10:00 am, Friday, November 17, 2023
(The speech and Q & A will be in English.)
former Chief Economist at Invesco and founder and chief economist at International Monetary Monitor.
Hung Q. Tran:
Non-resident senior fellow at the Atlantic Council’s Geoeconomics Centre,
and former executive managing director at the Institute of International Finance
Global Ambassador & Expert Director, Monex & Group Japan Catalyst Fund.
Are world stock markets headed for a re-run of the collapses they suffered in 1987 or 1929 – both of which were preceded by what came to be known as “Black Monday” slides which then accelerated into dramatic plunges? Some economists and financial analysts argue that recent severe volatility in bond markets and elsewhere in the financial system echoes conditions that existed at the time of these two major collapses. They also point a finger at leading central banks’ monetary policies which, they argue, risks precipitating another big market crash before long.
Deep Dive has invited three leading economists and analysts to debate these critical issues. Do not miss this opportunity to hear their expert views.
JOHN GREENWOOD Based in London, he is founder and Chief Economist of International Monetary Monitor Ltd, a macroeconomic consulting firm. He began his career in 1970 as a visiting research fellow at the University of Tokyo. In 1974 he joined GT Management as Chief Economist, based initially in Hong Kong and later in San Francisco. As editor of Asian Monetary Monitor in 1983, he proposed a currency board scheme for stabilising the Hong Kong dollar that is still in place today. John was a director of the Hong Kong Futures Exchange Clearing Corporation and in 1992 became a council member of the Stock Exchange of Hong Kong. He was also an economic adviser to the Hong Kong Government. When GT Management merged with Invesco, he became Chief Economist until he retired in 2021. He has been a member of the Committee on Currency Board Operations of the HKMA since 1998. He is also a member of the Shadow Monetary Policy Committee in England, and he serves on the board of the Hong Kong Association in London. John is a Fellow of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at Johns Hopkins University in Baltimore. He holds an MA from the University of Edinburgh, and an Honorary PhD, also from the University of Edinburgh.
HUNG Q. TRAN is a nonresident senior fellow with the Atlantic Council’s GeoEconomics Center and an accomplished economist, with broad experience across the private sector, international organisations, and research institutions. From 2007 until retirement in 2018, Tran was at the Institute of International Finance (IIF). Since 2012 he served as IIF’s executive managing director while simultaneously leading its Global Capital Markets Department. Prior to his work at the IIF, Tran served for six years at the International Monetary Fund as deputy director for the Monetary and Capital Markets Department. Tran was previously based in London serving as managing director, chief economist, and global head of research for Rabobank International, a Dutch multinational bank. He also spent 12 years at Deutsche Bank, Earlier in his career he had served in senior positions in international fixed income research for Merrill Lynch (1984-1987) and Salomon Brothers (1979-1984) in New York. Tran received his undergraduate and graduate degrees in Economics and Accounting from California State University, Fullerton and completed the doctoral course work in Economics at New York University.
JESPER KOLL worked from 1985 as a research fellow at the University of Tokyo and the University of Kyoto before building his career in finance. He served as a Managing Director and Chief Economist for major US investment banks, JP Morgan Japan Securities and Merrill Lynch Japan Securities. He is an Expert Director at Japan-based Monex Group, an Investment Committee member of the Japan Catalyst Fund, and serves on the Board of Directors of OIST the Okinawa Institute for Science and Technology.
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Members: 450 yen (including tax), coffee or tea included
Non-members: 1,650 yen (including tax), coffee or tea included
On-line attendance (via Zoom)
Members: free of charge
Non-members: 550 yen (including tax)
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