Lawrence Summers
Lawrence Summers
Lawrence Henry "Larry" Summersis an American economist who is President Emeritus and Charles W. Eliot University Professor of Harvard University...
NationalityAmerican
ProfessionPolitician
Date of Birth30 November 1954
CountryUnited States of America
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When I first joined the Treasury some years ago, I can assure you we were not thinking about threats to the financial system emanating from viruses, Trojan Horses, logic bombs or malicious code, ... But we are thinking about those things now, and with good reason.
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We discussed developments in our exchange and financial markets, ... In this context, we emphasized our view that exchange rates among major currencies should reflect economic fundamentals. We will continue to monitor developments in exchange markets and cooperate as appropriate.
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The one exception was a technical matter relating to financial modernization: but there Alan simply waited until I left and then very quickly resolved the matter with Larry,
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This is about concrete action and what Japan does going forward. That can make a big difference in stimulating the economy, repairing the financial system and encouraging the flow of capital throughout Asia. It will be their steps that will be decisive and not what diplomats agree on here,
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Harvard's endowment is critical to the university's academic and financial aid programs and to its capacity for growth, ... the endowment will continue to be overseen and invested with the highest level of professionalism and expertise.
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Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.
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These developments create a situation where I think there is more room than there might have been in the past to sit back and analyze what it is that happened, and think best about how in all of our countries we can avoid a recurrence of such problems,
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Raising personal savings is an imperative for American families and an imperative for the national economy,
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The success of the India-US relations depends on connections in other fields. The experiences of young people will shape the future of the India-US relations.
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U.S. budget and current account deficits are very important contributors to an unbalanced global economy, while the U.S. deficit has been a source of demand that has propelled the global economy forward for some years now.
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to take strong steps... to create confidence and to build on the very strong foundation for prosperity that Indonesia enjoys.
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The president has set a principle: No bank with an unsatisfactory CRA rating could take advantage of any of the powers granted by this deregulation,
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The president has made it very clear that he will not sign any budget measure that doesn't put Social Security and Medicare first, that doesn't take those steps forward (and) certainly any measures that would put at risk the progress we've made in paying down the debt,
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We believe the global expansion needs to be balanced up, not balanced down, ... An adjustment should take place in our countries through increased public savings. Internationally, there needs to be an adjustment through an increase in exports rather than reduced imports.