Hung Tran

  • Nonresident Senior Fellow
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New Atlanticist

Mar 27, 2020

US coronavirus stimulus package offers some relief, but economic pain will remain

By David A. Wemer

US lawmakers are near final passage of an unprecedented stimulus package to help the US economy weather the storm of the coronavirus crisis, but that does not mean that all of the economic damage can be prevented. Jason Furman said he was “impressed by how much Washington has done, how quickly it has done it, how comprehensively it has done it,” but added that he is “worried that all of that won’t be enough for…an economy that is shutting down in such an unprecedented way.”

Coronavirus International Financial Institutions

New Atlanticist

Mar 22, 2020

What the G20 needs to do to combat the global coronavirus economic crisis

By Hung Tran

The stakes for the upcoming G20 virtual summit are quite high. Either it succeeds in presenting a plausible global approach to deal with the pandemic and its impact, thus stabilizing public confidence and financial markets, or it can leave the world rudderless in the storm.

Coronavirus G20

New Atlanticist

Mar 16, 2020

The coronavirus recession deepens financial market turmoil

By Hung Tran

On balance, the global market turmoil—even in the face of central bank easing —shows the limits of monetary policy . It also suggests that investor confidence won’t be restored until there are clear signs of the COVID-19 pandemic peaking outside of China and that major governments can implement appropriately sized and well targeted fiscal stimulation programs to support the economy—particularly those most impacted by the pandemic.

Coronavirus Financial Regulation

Hung Q. Tran is a nonresident senior fellow with the Atlantic Council’s GeoEconomics Center and an accomplished economist, with broad experience across the private sector, international organizations, and research institutions.

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, 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 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, Tran served for six years at the International Monetary Fund as deputy director for the Monetary and Capital Markets Department. His responsibilities included being chairman of the Editorial Committee of the Fund’s semi-annual flagship publication, the Global Financial Stability Report (GFSR).

From 1998 to 2001, 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.

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.