Lessons from Crisis Management

​Study Group hosted by M-RCBG Senior Fellow, Ted Truman, with guest speaker, Timothy F. Geithner 75th Secretary of the US Treasury and President of Warburg Pincus.

The coronavirus pandemic has not only taken many lives and devastated health systems around the world, but it triggered a staggering global recession.  Each economic and financial crisis is different, but the more policymakers are prepared for crisis the less severe the consequences and aftermaths will be. Tim Geithner and Ted Truman will discuss the potential benefits and limitations of advanced planning for crises, the dos and don’ts of crisis management, and a comparison of domestic and international responses to the global financial crisis of 2007-2009 with responses to date to the pandemic.  What are the lessons that have been learned?  What are the lessons that have been ignored? What are the benefits of and the constraints on international cooperation? What do these crises tell us about the need for additional or revamped crisis management tools?  Geithner and Truman worked together on economic and financial crises from the mid-1990s through 2010.