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March 27, 2008
ISSUES OF GLOBAL ECONOMY TO BE DISCUSSED DURING CONFERENCE AT WILLIAM PATERSON UNIVERSITY ON APRIL 1
—Speakers from New York Stock Exchange, American International Group, and Federal Reserve Bank to discuss current financial crisis
Housing prices are down. Unemployment is up. The dollar has reached a new low. What is the impact on the global economy? These topics will be explored during the Fourth Annual Conference on Global Issues at William Paterson University in Wayne on Tuesday, April 1 from 9:30 a.m. to 12:30 p.m. in the 1600 Valley Road building on campus. Admission is free and open to the public.
The conference, titled “Are We in a Global Economic Crisis?,” will feature Dr. Paul Bennett, chief economist of the New York Stock Exchange; Dr. Stephen Collesano, vice president of research and development, American International Group (AIG) and a William Paterson University alumnus, and a speaker from the Federal Reserve Bank of New York.
“There is no purely domestic financial market anymore in today’s globalized world; markets in the United States are a critical and integral part of the overall global economic system. So, what we do affects other markets, and what goes on abroad affects us, almost on a real-time basis, as any trader would tell us,” says Sam Basu, dean of the Cotsakos College of Business. “These three speakers are uniquely positioned to provide a broad assessment of the financial risks and opportunities posed by today’s fluctuating markets.”
As chief economist and head of the research department at the New York Stock Exchange, Bennett is responsible for analytic support for the Exchange's various business and public-policy activities, and for support of academic and other professional research into equities market issues. Before joining the NYSE in 2001, Bennett was a senior officer and economist of the Federal Reserve Bank of New York, where he had worked since 1978. He holds a doctorate in economics from Princeton University.
Collesano is responsible for AIG’s Business Information Group, which includes four corporate departments: corporate research and development (R&D), global risk assessments, the AIG InfoExchange, and corporate ebusiness. For eight years prior to joining AIG in 1984, he served as director of survey research for The American Council of Life Insurance in Washington, D.C. A 1974 graduate of William Paterson University with a bachelor’s degree in sociology, he holds a master’s degree from Kent State University, and a Ph.D. from The American University in Washington, D.C.
The event is sponsored by the Global Financial Services Institute and the Department of Economics, Finance, and Global Business in the University’s Cotsakos College of Business. For additional information, contact Haiyang Chen, director, Global Financial Services Institute of the Cotsakos College of Business, at 973-720-3708.
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