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TitleThe National Financial Crisis: Chapter 2
Date11.14.08
ContactTom Cleary
Contact E-mailtcleary, at sandiego.edu
Contact Phone(619) 260-4297
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Forum of experts at University of San Diego to provide economic forecast

The University of San Diego School of Business Administration, in collaboration with the San Diego Regional Chamber of Commerce, will present a panel of financial experts to review the national financial crisis.  These faculty members will provide some insight into this still-evolving situation and attempt to make a few predictions.

The forum takes place Tuesday, Nov. 18 from 10 a.m. to noon in USD’s Joan B. Kroc Institute for Peace & Justice Theatre. There is no cost to attend this event but seating is limited and those interested in attending should RSVP to debate@sandiego.edu or call (619) 260-4659. Visitors should use the West Entrance to USD on Linda Vista Road off Morena Blvd. and use the West Parking Structure.

Participating business school faculty members are economics professors Stephen Conroy, Alan Gin and Ryan Ratcliff; finance professor Manzur Rahman, and Mark Riedy of the Burnham-Moores Center for Real Estate. Subjects to be discussed include a review of the issues that may have contributed to the current crisis, the roots of the housing bubble and its bust, Federal Reserve policy, and the real estate market.

Professor Conroy will moderate the panel and speak on the Troubled Asset Rescue Program to rescue the financial system during the transition to political leadership and a new presidential administration.

Professor Gin is best known for developing and publishing USD’s Index of Leading Economic Indicators for San Diego County, a monthly report that measures and tracks building permits, initial claims for unemployment, local stock prices, consumer prices, employment advertisements, and the national statistics.

Professor Ratcliff will talk about the macroeconomic roots of the housing bubble and its bust, looking primarily at Federal Reserve policy and other related topics. Professor Rahman’s remarks will focus on the greater reliance on debt financing, changes in the international asset position, the fate of the financial sector in the economy; and corporate governance failures.  Burnham-Moores Center Executive Director Riedy will look at the real estate and mortgage industries and discuss the failure of regulators and the breakdown of market discipline.

The University of San Diego is a Catholic institution of higher learning chartered in 1949; the school enrolls approximately 7,500 undergraduate and graduate students and is known for its commitment to teaching, the liberal arts, the formation of values and community service. The inauguration of the Joan B. Kroc School of Peace Studies brings the university’s total number of schools and colleges to six. Other academic divisions include the College of Arts and Sciences and the schools of Business Administration, Law, Leadership and Education Sciences, and Nursing and Health Science.

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