Structural reforms are needed that do not tackle the symptoms but directly address the causes.
Wednesday, 23. February 2011, 18:15 – 20:00 h
At the University of Zurich, Rämistrasse 71, 8006 Zurich, KOL-G-201 (Aula)
A renewed increase in global imbalances is not only a direct risk to the recovery of the global economy, but above all an expression of continuing obstacles to sustainable and balanced global economic growth. Structural reforms are therefore needed that do not tackle the symptoms but directly address the causes of the imbalances.
Axel A. Weber has been Chairman of the Board of Directors of UBS (Group) AG since 2012 and, in this capacity, heads the Governance and Nominating Committee as well as the Corporate Culture and Responsibility Committee. From 2004 to 2011, Axel A. Weber was President of the Deutsche Bundesbank and held numerous other offices: among others, he was a member of the Executive Board of the European Central Bank, Governor of the International Monetary Fund for Germany and a member of the G7 and G20 ministers. From 1994 to 1998, Weber was Professor of Economic Theory at the University of Bonn. Further stations in his academic career were a professorship for International Economics at the University of Cologne, a professorship for Monetary Economics at the Goethe University in Frankfurt a.M. and a visiting professorship at the Booth School of Business at the University of Chicago directly following his time at the Deutsche Bundesbank. He studied economics and public administration at the University of Konstanz; later he earned his doctorate and habilitation in economics at the University of Siegen.