Warren Coats, author of "One Currency for Bosnia: Creating the Central Bank of Bosnia and Herzegovina," will deliver the Hutchinson Lecture at UD on April 17.

April 17: Hutchinson Lecture

Annual Hutchinson Lecture to feature Warren Coats, monetary and banking expert


9:12 a.m., March 14, 2012--Warren Coats, author and former International Monetary Fund executive, will deliver a presentation on “The Challenges of Creating New Currencies: The Implications for Greece” during the University of Delaware’s 22nd annual Hutchinson Lecture in macroeconomics at 7:30 p.m., Tuesday, April 17, in 115 Purnell Hall on the Newark campus.

Coats will discuss his experiences working to create new currencies in Bosnia and South Sudan and his advice to Palestine, as well as the implications of these experiences for the path forward should Greece leave the euro system.

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Sponsored by the Department of Economics in UD's Alfred Lerner College of Business and Economics, the lecture is free and open to the public.

Coats retired from the International Monetary Fund (IMF) after 26 years of service in May 2003 to join the board of directors of the Cayman Islands Monetary Authority, where he led IMF technical assistance missions to over 20 central banks.

He is currently part of the IMF program negotiating team for Afghanistan and resides on the editorial board of the Cayman Financial Review.

From 1982 through 1988, Coats was chief of the special drawing rights division in the finance department of the IMF. His latest book, One Currency for Bosnia: Creating the Central Bank of Bosnia and Herzegovina, chronicles his work in establishing the Central Bank of Bosnia and Herzegovina in 1997.

Coats received his bachelor’s degree from the University of California at Berkeley and his doctorate in economics from the University of Chicago. 

About the Hutchinson Lecture

The Hutchinson Lecture series was established in 1990 to honor the distinguished academic career of the late Harry D. Hutchinson, a professor of economics who taught at UD from 1959-89, and to address a topic of current interest in banking and/or finance.

Hutchinson received his doctorate in economics from the University of Michigan and worked at UD until his retirement. His career was distinguished by excellence in teaching and scholarship, particularly in the area of macroeconomics. His textbook, Money, Banking and The U.S. Economy, was the foundation for many students' introduction to financial institutions. Hutchinson died on July 28, 2005.

Each year a distinguished scholar and policy-maker is invited to present the Hutchinson Lecture. Previous lecturers include Alice Rivlin, senior fellow of economic studies at the Brookings Institution and an expert on the federal budget; William Poole, former president of the Federal Reserve Bank of St. Louis and Distinguished Scholar in Residence at UD; Paul Volcker, former chairman of the board of governors of the U.S. Federal Reserve System; Donald Kohn, vice chair of the Federal Reserve System; Charles Plosser, Anthony Santomero and Edward Boehne, all presidents of the Federal Reserve Bank of Philadelphia; Laurence Seidman, Chaplin Tyler Professor of Economics at the University of Delaware; and David Hartzell, Distinguished Professor of Finance and Real Estate at the University of North Carolina Chapel Hill and a UD graduate.

For more information, contact the Department of Economics at 302-831-1907.

Article by Kathryn Meier

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