Global financial crisis takes centre stage at Anglia Ruskin University

Published: 2 February 2011 at 14:15

Kate Barker to examine Monetary Policy Committee’s response during evening of lectures

Leading figures from the business world will be discussing the financial crisis and its repercussions at Anglia Ruskin University’s Chelmsford campus on Thursday, 3 February.

Kate Barker, who was an external member of the Bank of England’s Monetary Policy Committee (MPC) from 2001 until May last year, will be delivering a talk entitled “An economic overview and some insights from the height of the crisis”.

Kate, who is the former Chair of the Board of Governors at Anglia Ruskin University, will reflect on the response of the MPC to the financial crisis and the dilemma the MPC currently faces.

She will also discuss the considerable challenge of reducing the UK’s public sector deficit at a time of continued financial uncertainty and the different pressures across the economy as some sectors struggle while others thrive.

Jerome Booth will be discussing the “Impacts and opportunities from the crisis for the emerging markets”. Jerome is Head of Research at the Ashmore Group, one of the world’s leading emerging markets investment companies.

Jerome said:

“I do not believe one can understand current global economic problems without understanding emerging markets. They represent the bulk of economic activity on the planet, do not have the financial problems of the West, and indeed are part of the solution.

“I define emerging markets not by risk, but risk perception. All countries are risky. The emerging markets are those where this is priced in. A developed market is one where domestic investors do not perceive their own sovereign risk.”

Norwich & Peterborough Building Society Chief Executive Matthew Bullock will focus on “The changing nature of money – the financial crisis and beyond”. The evening will conclude with a question and answer session chaired by Professor Michael Thorne, Vice Chancellor of Anglia Ruskin University.

The event, which is being held at Anglia Ruskin University’s Ashcroft International Business School, will begin with drinks and canapés at 6.30pm and will run until approximately 8.30pm. Chelmsford is just 30 minutes by rail from Liverpool Street Station and the campus is a short walk from Chelmsford Station.