home > the cfr think tank > experts > benn steil
Senior Fellow and Director of International Economics
Contact Info:
Phone: +1-212-434-9622
E-mail: jschreger@cfr.org
Location:
New York, NY
Media downloads:
One-page bio (PDF, 54K)
Award-winning writer, and editor of the scholarly journal International Finance. His forthcoming book Money, Markets, and Sovereignty analyzes the historical relationship between money and national sovereignty and its importance in understanding contemporary globalization.
Expertise:Financial markets; securities trading; international finance.
Experience:Cofounder and managing member, Efficient Frontiers LLC, financial markets consultancy (current); Editor, International Finance (current); member, European Shadow Financial Regulatory Committee (current); Director, International Economics Programme, Royal Institute of International Affairs (1992-98).
Languages:French (familiar).
Honors:Fellow, British-American Project.
Selected Publications:Financial Statecraft (Yale University Press, 2006); Building a Transatlantic Securities Market, A Council Report (Council on Foreign Relations Press, 2002); Technological Innovation and Economic Performance (coeditor, Princeton University Press, 2002); Institutional Investors (coauthor, MIT Press, 2001); Antitrust Goes Global: What Future for Transatlantic Cooperation? (coeditor, Royal Institute of International Affairs, 2000); “Automation, Trading Costs, and the Structure of the Securities Trading Industry,” Brookings-Wharton Papers on Financial Services (coauthor, January 1999); The European Equity Markets (Royal Institute of International Affairs, 1996); International Financial Market Regulation (John Wiley & Sons, 1994); numerous articles in journals and periodicals such as Economica, Foreign Affairs, Wall Street Journal, and Financial Times.
Related Links:
New Book Assesses Rising Importance of Financial Markets in U.S. Foreign Policy
Current Research Projects
Past Research Projects
September 25, 2008
Transcript
A panel discussion on what caused the financial crisis and what should be done to solve it.
See more in United States, Economics, International Finance
September 25, 2008
Audio
Listen to experts discuss the current financial crisis, the proposed government bail out, and options for moving forward.
See more in Economics, International Finance
September 25, 2008
Video
Watch experts discuss the current financial crisis, the proposed government bail out, and options for moving forward.
See more in Economics, International Finance
September 22, 2008
Podcast
CFR's Benn Steil analyzes the financial rescue plan under debate on Capitol Hill and suggests adjustments that he says would make it more effective and less risky for the federal government.
See more in United States, Economics
September 15, 2008
Transcript
A discussion on the financial turmoil that has hit America and what the consequences will be.
See more in United States, Europe/Russia, Economics
September 2, 2008
Audio
Listen to experts discuss the various foreign policy challenges the next U.S. administration will face as part of a three-day symposium during the Republican National Convention in Minneapolis, cosponsored with the Hubert H. Humphrey Institute of Public Affairs.
This symposium was underwritten by Chevron Corporation, The Coca-Cola Company, the Stanford Financial Group, and the John S. and James L. Knight Foundation.
See more in U.S. Strategy and Politics, Presidency, U.S. Election 2008
September 2, 2008
Video
Watch experts discuss the various foreign policy challenges the next U.S. administration will face as part of a three-day symposium during the Republican National Convention in Minneapolis, cosponsored with the Hubert H. Humphrey Institute of Public Affairs.
This symposium was underwritten by Chevron Corporation, The Coca-Cola Company, the Stanford Financial Group, and the John S. and James L. Knight Foundation.
See more in U.S. Strategy and Politics, Presidency, U.S. Election 2008
September 2, 2008
Transcript
Panelists discuss Foreign Policy challenges
See more in United States, Defense/Homeland Security, NATO, Economics, Energy/Environment, Energy, Energy Security, Immigration, U.S. Strategy and Politics, U.S. Election 2008
August 18, 2008
Op-Ed
Wall Street Journal
In this Wall Street Journal op-ed, Benn Steil argues that the U.S Federal Reserve has seriously damaged the credibility of the policy framework its chairman has long championed, inflation targeting, by pursuing other objectives inconsistent with price stability.
May 20, 2008
Testimony
In this testimony, Benn Steil argues that the rise in financial speculation in commodities reflects the collapse of a "currency bubble," as investors react to the re-emergence of inflation and the decline of the dollar.
See more in Economics, Congress
April 23, 2008
Op-Ed
Financial Times
In this Financial Times op-ed, Benn Steil argues that the Fed's aggressive monetary expansion threatens to undermine its unique powers among central banks, and, if continued, will have damaging consequences for America's future prosperity and global political influence.
See more in United States, Economics, Economic Development, Geoeconomics
April 2, 2008
Interview
CFR’s Benn Steil examines proposals for a regulatory overhaul of the U.S. financial system put forth by Treasury Secretary Henry Paulson.
See more in United States, Economics
March 7, 2008
Op-Ed
Wall Street Journal
In this Wall Street Journal op-ed, Benn Steil argues that Calpers, the California Public Employees' Retirement System, is best viewed as a highly political "sovereign wealth fund." Governed by state political figures and union representatives, Calpers' investment decisions are frequently guided by foreign policy and social agendas rather than fundholder interests.
See more in United States, Corporate Governance, Economic Development
December 21, 2007
Op-Ed
Financial Times
Mark Fisch and Benn Steil write that “the devastating credit squeeze that has been gumming up the interbank and commercial paper loan markets for months shows few signs of letting up. The underlying problem remains firmly in the market for subprime mortgages.”
See more in Economics, U.S. Strategy and Politics
December 18, 2007
Video
Watch four experts discuss the falling dollar, examine the potential geopolitical impacts, and explore whether central banks should take active measures to intervene.
See more in Business & Foreign Policy, Geoeconomics
December 18, 2007
Video
Four experts discuss the falling dollar in a December 18 meeting at CFR.
See more in Geoeconomics, International Finance
December 18, 2007
Audio
Listen to four experts discuss the falling dollar, examine the potential geopolitical impacts, and explore whether central banks should take active measures to intervene.
See more in Business & Foreign Policy, Geoeconomics
December 18, 2007
Transcript
Transcript from a CFR meeting on the falling dollar.
See more in Business & Foreign Policy, International Finance
November 8, 2007
Op-Ed
National Post
In light of the recent turmoil in the foreign exchange markets, Benn Steil
condenses the arguments of his recent Foreign Affairs article, 'The End of
National Currency,' for Canada's leading financial daily.
See more in International Finance
October 30, 2007
Op-Ed
Financial Times
In this Financial Times op-ed, Manuel Hinds and Benn Steil argue that the Fed's loose monetary policy could jeopardize the dollar's position as the international standard of value.
See more in United States, Economics
In The Closing of the American Border, Edward Alden goes behind the scenes to tell the story of the Bush administration’s struggle to balance security and openness in the wake of the September 11, 2001, terrorist attacks.
In Termites in the Trading System, Jagdish Bhagwati reveals how the rapid spread of preferential trade agreements endangers the world trading system.
America Between the Wars explores how the decisions and debates of the years between the fall of the Berlin Wall and the collapse of the Twin Towers shaped the events, arguments, and politics of the world we live in today.
Complete list of CFR Books.
In this report, CFR Senior Fellow Michael A. Levi analyzes the potential use of deterrence in preventing terrorist groups from acquiring nuclear weapons and recommends a new approach to U.S. declaratory policy, as well as ways to improve U.S. capabilities to determine the sources of terrorist attacks.
In this report, Bruce W. MacDonald illuminates the strategic landscape of military space competition between the United States and China and highlights the dangers and opportunities the United States confronts in space.
Complete list of Council Special Reports.
For more information on the David Rockefeller Studies Program, contact:
Gary Samore
Vice President, Director of Studies, and Maurice R. Greenberg Chair
+1.212.434.9627
gsamore@cfr.org
Sebastian Mallaby
Director of the Maurice R. Greenberg Center for
Geoeconomic Studies, Deputy Director of Studies, and Paul A. Volcker Senior
Fellow for International Economics
smallaby@cfr.org
Janine Hill
Deputy Director of Studies Administration
+1.212.434.9753
jhill@cfr.org
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