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  • Events | 19 August, 2012 (18:20)

    Changing Fortunes – How China’s Boom Caused the Financial Crisis

    Have you ever doubted if the generally accepted narrative of the US financial crisis is true? Was it really irresponsible bankers that wreaked havoc by selling arcane products to enrich themselves? Here is an expert’s surprising new angle – China caused the turbulences of 2008.
     
    According to Heleen Mees from New York University, Chinese saving behavior was at least a strong contributing factor even if Beijing never intended to cause any harm. Join a talk by economic researcher Mees who shows how China flooded the world economy with cheap money, and how the resulting low interest rates were the real cause for the implosion of the financial system and ensuing recession – not regulatory laziness, as is so often implied.
     
    DATE: Aug 23 (Thursday)
    TIME: 10-11:30am
    VENUE: Embassy of the Kingdom of the Netherlands, Liangmahe Nanlu 4, 荷兰王国驻华大 使馆 – 北京, 中 华人民共和国北京市亮马河 南路4号, phone: 85320200
    RSVP: to fcccadmin@gmail.com
    ENTRANCE: free to members, 80 RMB on the door to non-members. Please bring your passport or photo ID.
     
    ABOUT THE SPEAKER:
    Heleen Mees is Adjunct Associate Professor at NYU Wagner Graduate School of Public Service and Assistant Professor in Economics at Tilburg University. Mees is a contributing editor to Foreign Policy and she has a weekly column in the Dutch newspaper, Financieele Dagblad. Her work has also been published in The Financial Times, The New York Times and Le Monde.
    Mees is the author of three books. Her latest – Between Greed and Desire: The World between Wall Street and Main Street – was published in 2009. Mees graduated in economics and law. She lives and works in New York City.