About the event:
"BE IT RESOLVED: Austerity measures are a necessary tactic to deal with a country's financial crisis"
5:00 p.m. Reception
5:30 p.m., Debate, Sutherland Moot Courtroom
University of Utah S.J. Quinney College of Law
Economic experts continue to debate the effectiveness of austerity measures. Proponents argue that austerity is essential for cutting deficits and restoring financial order. Opponents counter that such policies will stunt growth and may even lead to another economic downturn. Join us as Tim Kane, chief economist at the Hudson Institute, and Clay Lowery, former Assistant Secretary for International Affairs at the U.S. Treasury Department, joined by moderator Kern Alexander, from the University of Zurich, explore this timely topic. Read More>>
Free and Open to the Public. One hour free CLE (applied for). Free parking available in the Rice Eccles Stadium lot. Watch live at 5:30 p.m.
For more information, call 801-585-3479.
Tim Kane – Debate Participant
Dr. Kane is the chief economist at the Hudson Institute and founder of the social networking startup StoryPoint.co. Kane earned a Ph.D. in economics from UC San Diego after serving as an intelligence officer in the U.S. Air Force. He a graduate of U.S. Air Force Academy, class of 1990.
Kane recently authored the book BLEEDING TALENT, which is about leadership in the U.S. military. He blogs at balanceofeconomics.com along with Glenn Hubbard. Hubbard and Kane are co-authors of the forthcoming book "BALANCE
Why Great Powers Lose It and How America Can Regain It" (Simon and Schuster, 2013).
Kane has published scholarly research on diverse topics including entrepreneurship, economic growth, labor, and national security. Dozens of media outlets have cited his research, including The Wall Street Journal, the Washington Post, and the New York Times. He has provided commentary for ABC, CBS, CNN, C-SPAN, FOX News, National Public Radio, and Bloomberg TV. Kane lives in Virginia with his wife Hiromi and their four children.
Clay Lowery – Debate Participant
Clay Lowery served as the Assistant Secretary for International Affairs at the U.S. Treasury Department from 2005 to 2009. In that role, he managed a team of over 200 people with responsibility for economic and financial diplomacy, monetary and banking issues, currency strategy, and trade and investment practices. He chaired the Committee on Foreign Investment in the United States (CFIUS), which is the government committee assigned to review those international mergers and acquisitions that may affect the national security interests of the United States. He was the point person on U.S. policy toward Sovereign Wealth Funds; served as the Finance Deputy to the G20, G7, International Monetary Fund and the Financial Stability Forum; and was appointed by the President at various times to be the U. S. representative to the Boards of the World Bank, African Development Bank, European Bank for Reconstruction and Development, and Inter-American Development Bank.
During his fifteen years of U.S. government service, Lowery held positions with Treasury – including Paris Club debt negotiator and the Deputy Assistant Secretary for Debt and Development Finance; the National Security Council – Director of International Finance; and the Millennium Challenge Corporation – Vice President of Markets and Sector Assessments.
After his government service, Lowery was Vice President for International Government Affairs with Cisco Systems and Managing Director for the Glover Park Group. Earlier in his career, he was a program officer for the International Republican Institute.
Lowery has worked as an Adjunct Professor at Georgetown University in international finance and as a lecturer at the National War College. Lowery received his B.A. in Economics and Foreign Affairs from the University of Virginia (Phi Beta Kappa) and his M.Sc. in Economics at the London School of Economics. In 2009, he was awarded the Alexander Hamilton prize, the highest U.S. Treasury Department honor.
Kern Alexander – Moderator
Dr Alexander has led the international financial regulation project and served as Senior Research Fellow in Financial Regulation at CFAP since 2003. In 2009, he was appointed to the Professorial Chair for Law and Finance at the University of Zurich. He is co-author of Global Governance of Financial Systems: The International Regulation of Systemic Risk (OUP, 2005). His academic articles have been published in peer-reviewed journals, including Journal of International Economic Law, Journal of Corporate Law Studies and the European Business Organisation Law Review.
In addition to academic publications, Dr Alexander has co-authored reports commissioned by the European Parliament Committee on Economic and Monetary Affairs entitled Financial Supervision and Crisis Management in the EU (2007) and Clearing and Settlement in the EU (2009) and Crisis Management, Burden Sharing and Solidarity Mechanisms in the EU (2010). He has given oral and written evidence before the House of Commons Treasury Committee, House of Lords Select Committee on Economic Affairs, and the European Parliament Committee on Economic and Monetary Affairs.
In December 2009, Dr Alexander was appointed to a five-year term to the Financial Services Advisory Panel by the European Parliament Committee on Economic and Monetary Affairs as one of three 'academic specialist advisers' to advise the Committee on EU financial law and regulation. In this role, he advises Committee MEPs on a variety of legal and regulatory issues that relate to EU financial regulation, supervision and legislation. Further, he provided regulatory training and technical assistance on Basel II implementation for the Chinese Banking Regulatory Commission in 2007/2008.
For more information contact Kayla Bernard by email or phone 801-585-3440.