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Mon, May 11, 2020

How to deal with the coming pandemic debt crisis?

Even if inflation and interest rates remain low, the burden of servicing a quickly growing volume of debt will crowd out other important public expenditures, escalating the political fight over budgetary priorities amidst heightened social tension. It is important to have a public debate about post-pandemic fiscal strategy which is effective and equitable to deal with the aftermath of the crisis.

New Atlanticist by Hung Tran

Coronavirus International Financial Institutions

Mon, May 4, 2020

Fiscal responses to the coronavirus pandemic: Next steps

Overall, the differences in magnitudes and compositions of fiscal programs by countries around the world imply uneven and staggered recoveries, making them more protracted. In designing the next wave of fiscal packages, it is important to learn from recent experiences so as to better balance their various elements to be more effective.

New Atlanticist by Hung Tran

Coronavirus Inclusive Growth

Mon, Apr 13, 2020

The IMF and World Bank need to protect smaller countries during the Spring Meetings

While many larger economies have passed significant coronavirus relief packages, many middle- and low-income countries are in dire straits—suffering the full impact of the pandemic and global economic crises. World leaders in their meetings need to make decisions to significantly increase the lending capacity of the IMF to meet the urgent needs of these countries.

New Atlanticist by Hung Tran

Coronavirus International Financial Institutions

Hung Q. Tran is an accomplished economist, with broad experience across the private sector, international organizations and research institutions.

Mr. Tran has produced important research and shaped policy decisions concerning advanced and emerging market economies, global capital markets, debt and capital flows, and financial stability issues. He has spoken and published extensively on these subjects and has frequently been interviewed and quoted in the international media.

From 2007 til retirement in 2018, Mr. Tran was at the Institute of International Finance (IIF). Since 2012 he served as IIF’s Executive Managing Director while simultaneously leading its Global Capital Markets Department. During 2011-2012, he played an important role coordinating the negotiations of the Private Creditor-Investor Committee for Greece with the European Commission, the Euro Group, the European Central Bank (ECB) and the International Monetary Fund (IMF). The negotiations led to the successful restructuring of €206 billion of Greek Government Bonds, the largest sovereign debt re-structuring in history. Before that,serving as Counsellor and Senior Director of the Capital Markets and Emerging Markets at the IIF, he was responsible for the Institute’s highly regarded market policy research, which included multiple publications and services for its members.

Prior to his work at the IIF, Mr. Tran served for six years at the International Monetary Fund as Deputy Director for the Monetary and Capital Markets Department. His responsibilities included being the Chairman of the Editorial Committee of the Fund’s semi-annual flagship publication, the Global Financial Stability Report (GFSR).

From 1998 to 2001 Mr. Tran was based in London serving as Managing Director, Chief Economist and Global Head of Research for Rabobank International, a Dutch multinational bank. He spent the previous 12 years at Deutsche Bank, serving first as Director of Global Fixed Income Research from 1987-1990 in New York, then as Co-Founding Managing Director of Deutsche Bank Research GmbH from 1991-1995 in Frankfurt, and finally as Head of Equity Business (Sales, Trading, Derivatives, Research) for the Deutsche Bank Group in Asia-Pacific, based in Singapore from 1995-1998. Earlier in his career he had served in senior positions in international fixed income research for Merrill Lynch (1984-1987) and Salomon Brothers (1979-1984) in New York.

Mr. Tran received his undergraduate and graduate degrees in Economics and Accounting from California State University, Fullerton and completed the doctoral course work in Economics at New York University.