Building Trust and Resilience

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DATE: April 18, 2018

DAY: Wednesday

11:45 AM - 1:00 PM

LOCATION: IMF HQ1 – Meetings Halls A&B

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Trust in institutions can erode when it is needed most, whether to shepherd an economy out of a recession or take advantage of a window of opportunity to enhance resilience to shocks. After catastrophic events, such as a natural disaster, we may get a vicious feedback loop: society suffers more if systems break down, which erodes trust and then further deteriorates resilience. Fragile societies with greater exposure to such events may fall into a “distrust trap”: building trust and resilience becomes more difficult with each shock weakening the system. This seminar explores actions we can take to address these challenges.

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Building Trust and Resilience


Moderator: Tom Keene

Tom Keene is the co-anchor of Bloomberg Surveillance on Bloomberg Television, weekdays from 5-7am ET and on Bloomberg Radio from 7-10am ET.

In addition to his work on Bloomberg Surveillance, Keene provides economic and investment perspective to Bloomberg Television and to Bloomberg’s various news divisions. Keene also founded the “Chart of the Day” article, available on the Bloomberg Professional Service. Keene is the editor of “Flying on One Engine: The Bloomberg Book of Master Market Economists,” published in 2005. (Two chapters appeared in the CFA Institute curriculum.) A graduate of Rochester Institute of Technology, Keene is a Chartered Financial Analyst and a member of the CFA Institute, the National Association for Business Economics, the American Economic Association, and the Economic Club of New York.

Panelist: Matthew Harrington

Matthew Harrington oversees global operations for Edelman, a leading global    communications marketing firm that partners with many of the world’s largest and emerging businesses and organizations, helping them evolve, promote and protect their brands and reputations.

A trusted C-suite adviser, Matthew is a specialist in corporate positioning and reputation management, working with some of the world’s largest and most complex organizations. His expertise includes crisis communications, merger and acquisition activity and IPOs.

Matthew is a graduate of Denison University, where he serves on the Board of Trustees. He is an advisory member of the Marketing 50, Chairman of the Council of PR Firms and serves on the boards of the Interactive Advertising Bureau (IAB), the Classic Stage Company, and the University of Southern California’s Annenberg School of Communication’s Board of Advisors.

Panelist: Laura Tyson

Laura D. Tyson is a Distinguished Professor of the Graduate School and Faculty Director of the Institute for Business & Social Impact at the Berkeley Haas School of Business. She chairs the Blum Center for Developing Economies Board of Trustees. From 2002-2006, she served as Dean of London Business School and from 1998-2001 she served as Dean of the Berkeley-Haas. Tyson was a member of the US Department of State Foreign Affairs Policy Board and a member of President Obama’s Council on Jobs and Competitiveness and the President’s Economic Recovery Advisory Board. She served in the Clinton Administration as the Chair of the Council of Economic Advisers (1993-1995) and as Director of the National Economic Council (1995 – 1996). She is a member of the Board of Directors of AT&T, CBRE Group Inc., Lexmark International Inc., and Apex 

Swiss Holdings SARL. She is the co-author of Leave No One Behind, a report for the United Nation’s High-Level Panel on Women’s Economic Empowerment.

Panelist: Luigi Zingales

Luigi Zingales is the McCormack Distinguished Service Professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business. In 2014 he was President of the American Finance Association. In July 2015 he became the Director of the Stigler Center at the University of Chicago. His research interests span from corporate governance to financial development, from political economy to the economic effects of culture. He has published extensively in the major economics and financial journals. He also wrote two best-selling books: Saving Capitalism from the Capitalists (2003) with Raghu Rajan and A Capitalism for the People (2012).