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Policymakers and economists around the world are dealing with protests against soaring food and fuel prices. The credit crisis is paralyzing the banking fraternity and forcing the global economy to rethink about financial innovations and regulations. The financial markets are struggling to deal with these developments, reacting the only way they know – selling! Information is abound, interviews, articles and news, but how can we translate all of this and have a meaningful discussion to plan for the future? RAM (formerly known as Rating Agency Malaysia – Malaysia's first credit rating agency) and Valoris together with Pinnacle will be organising a conference titled "Market Liquidity And Implications On Our World Economy" on 19 August 2008 in Singapore. Among some of the issues that will be discussed are The US Sub-Prime Crisis, Restoring Market Liquidity, The Outlook For Defaults and Distressed Debts, Will Existing Liquidity Providers Be Able To Ease The Credit Crunch?, etc. A key speaker who will be sharing his views on this topical issue is Professor Kenneth S Rogoff who is a premier international economist from Harvard University. In addition to the IMF and the Federal Reserve, he has worked with the Bank of Japan, the Trilateral Commission, and is a who's who of economic institutions around the world. His publications span the fields of international finance, open economy, monetary policy, political budget cycles, and economic development. Policymakers everywhere have long viewed Rogoff's expertise as indispensable to designing national and global economic policies. To quote him... "Today's soaring commodity prices scream a fundamental truth of modern life that many politicians, particularly in the West, don't want us to hear: the world's natural resources are finite, and, as billions of people in Asia and elsewhere escape poverty, Western consumers will have to share them. Here is another truth: the price mechanism is a much better way to allocate natural resources than fighting wars, as the Western powers did in the last century." The stage is set for explosive discussion to take place and for the participants to make their own decisions on where the global economy will take us in the next 6 months. Sovereign Wealth Funds, Central Banks, Investment Banks, Institutional Investors, Rating Agencies, Traders of Liquidity and Money Market, Fund Managers, Private Banking and Wealth Management, Head of Treasury & Trading, Chief Investment Officers, Chief Risk Officers, Brokers and Hedge Funds will be participating in this much welcomed conference. Media Contact
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