Bankers Meet in Secret; Emerging Markets Face Trouble
In this episode of Empire, Power, and People, I examine the history and relevance of the International Monetary Conference (IMC) – an annual meeting of hundreds of the world’s top bankers who meet privately with policy makers and central bankers – which began in 1954 and continues up until present day, where at the last conference, Janet Yellen was a guest speaker prior to her appointment as chair of the Federal Reserve System. From there, I discuss the role of the Federal Reserve and financial markets in creating the conditions for a future crisis of the emerging market economies, something likely to grip global headlines in the coming few years.
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