The unprecedented period of very low interest rates in most advanced economies is threatening the retirement age income of pensioners. In the developing world, the scarcity of financial resources acts as an impediment for national and personal development. These two challenges have a common solution: harnessing the financial system to channel savings from the wealthy for investment in the poor. While implementing this solution involves overcoming many challenges, this rare historical juncture presents an opportunity that the world cannot afford to miss.

Nathan Sussman, Director of the Centre for Finance and Development, joined the Institute in September as Professor of International Economics. He was previously in the Department of Economics and the integrated Philosophy, Political Science and Economics Programme (PPE) at the Hebrew University of Jerusalem. He was also a Professor and Chair of the Department of Economics at the University of Western Ontario. He served as the Director of the Research Department at the Bank of Israel and was a voting member of its Monetary Policy Committee. His fields of expertise are monetary and financial economic history. He has written numerous articles and co-authored a book on emerging markets and financial globalisation.
 

This event is organised in partnership with the Graduate Institute's Centre for Finance and Development.