Lawrence Summers
Lawrence Summers
Lawrence Henry "Larry" Summersis an American economist who is President Emeritus and Charles W. Eliot University Professor of Harvard University...
NationalityAmerican
ProfessionPolitician
Date of Birth30 November 1954
CountryUnited States of America
liquid market pleased response
We have been pleased with the market response (to the 10-year indexed notes), ... A liquid market has developed.
among continue cooperate discussed economic emphasized exchange financial major markets monitor rates reflect view
We discussed developments in our exchange and financial markets, ... In this context, we emphasized our view that exchange rates among major currencies should reflect economic fundamentals. We will continue to monitor developments in exchange markets and cooperate as appropriate.
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He has provided very important and valuable leadership on a range of issues from the Latin American debt crisis in the 1980s to the challenge of the transition economies following the fall of the Berlin Wall to the emerging market challenges of recent years.
costs demand economic growing management markets networks raise reduce successful tend
Growing demand and growing markets and networks will tend to reduce costs and raise efficiency, making successful economic management all the more important,
behavior both element enters factors freely hoarding influence market medium oil question respect run seen short time trading
We've seen some indications that there may be some hoarding behavior, but there are many, many factors that influence oil prices, both with respect to the short run and over the medium term, ... But there's no question that -- as in any freely trading market -- there's a psychological element that enters in from time to time.
certainly develop economic focus market reference respect stock sustain together
Certainly there was reference to that (Friday's stock market plunge) but the focus of our discussions was on the fundamentals of our economies, what we could do together to develop and sustain economic growth, ... With respect to the stock market, our focus is not to focus on that.
alongside capital create fact flow focus framework government markets needs private rather role support vast
The IMF needs to focus on the fact that it and all of us in government are alongside what are now vast private markets, ... Our role needs to be (to) support rather than supplant those private markets and to try to create a framework in which the flow of private capital will be stable.
great jack job
Jack Meyer did a great job for Harvard.
driven far national personal rate savings
Our national savings rate is still far too low, driven by a personal savings rate that is not where it should be,
aptitude intrinsic issues proved
There are issues of intrinsic aptitude ... I would like nothing better than to be proved wrong.
budgeting capital environment information irs planning projects rational technology
Today, the IRS operates in a low-trust, short-tether budgeting environment, ... This makes rational planning for capital projects such as information technology very difficult.
assure bombs financial good joined logic malicious system thinking threats treasury
When I first joined the Treasury some years ago, I can assure you we were not thinking about threats to the financial system emanating from viruses, Trojan Horses, logic bombs or malicious code, ... But we are thinking about those things now, and with good reason.
adjustment balanced believe countries expansion exports global increased needs public rather reduced
We believe the global expansion needs to be balanced up, not balanced down, ... An adjustment should take place in our countries through increased public savings. Internationally, there needs to be an adjustment through an increase in exports rather than reduced imports.
formal requests
We are not contemplating formal requests from any other country,