It’s been ten years since Lehman Brothers—one of the largest firms on Wall street, was wiped out and closed its doors. Only two weeks before it filed for bankruptcy it held more than 600 billion dollars in assets. The fall of Lehman’s turned a volatile financial market into a full-blown panic and is widely seen to be what triggered the global financial crisis in 2008. In this podcast, IMF Managing Director, Christine Lagarde looks back at one of the most disruptive events in history for the global financial system.
The latest forecasts from the International Monetary Fund show global growth is on the rise. A very different picture from early last year, when the world economy faced faltering growth and financial market turbulence. In this podcast, IMF Chief Economist Maurice Obstfeld, delves into the current trends behind this recent upswing.
Maurice Obstfeld, IMF Director of Research, and Economic Counsellor.
The technological revolution has far reaching implications and is rapidly changing the way the world does business. But technology also offers the potential for finding solutions to some of the challenges facing the global economy. To encourage creative thinking among its economists, the IMF recently opened an innovation lab. In this podcast, Tristan Walker, first iLab Chief, says innovation will help make the institution more agile.
Tristan Walker, Innovation Lab Unit Chief
Good data and statistics can help drive economies and are the basis for sound policy decisions in both private and public sectors. The advent of ‘big data’ poses opportunities for private companies and public institutions to better understand today`s economic and social trends. A new study by the IMF shows how big data can also provide valuable insight for economic and financial analysis. In this podcast, coauthor Diane Kostroch discusses the benefits and the challenges that come with big data.
Diane Kostroch, IMF economist, Statistics Department.
Labor unions around the world are having to adapt to a fast changing labor market. John Evans heads the Trade Union Advisory Committee to the OECD, and represents some 65 million organized workers worldwide. In this podcast, Evans says workers are caught in the middle of rapid technological change and slow global growth.
John Evans, General Secretary of the Trade Union Advisory Committee to the OECD.