Edwin (Ted) M. Truman (born 1941) is an American economist specializing in international financial institutions, especially the International Monetary Fund and sovereign wealth funds. He has been a Senior Fellow with the Peterson Institute for International Economics since 2001. Truman has worked quietly over the years on international financial crises issues. Nobel laureate Paul Krugman described Truman as the " George Smiley of international economics".

Family background and education

The son of political scientist David Truman, Edwin Truman was awarded a BA from Amherst College in 1963, and a Ph.D. in economics from Yale University in 1976. In 1988 Amherst College awarded him an Honorary LL.D.

Career

From 1977 to 1998 Truman directed the Division of International Finance at the Federal Reserve System From 1983 to 1998 he was a staff economist for the Federal Open Market Committee. In December 1998, President Bill Clinton, appointed Truman Assistant Secretary of the US Treasury for International Affairs. In 2001, he joined the Peterson Institute for International Economics as a Senior Fellow. In 2009, he was recruited by Treasury Secretary Timothy Geithner as a temporary advisor to develop policies for the April

2009 G-20 London summit The 2009 G20 London Summit was the second meeting of the G20 heads of government/heads of state, which was held in London on 2 April 2009 at the ExCeL Exhibition Centre to discuss financial markets and the world economy. It followed the first ...

Currently, he is on the advisory board of OMFIF where he writes various articles regarding the monetary and financial situation.

Policy work

Truman has been a member of many international organizations and working groups. He has been a member of: * G-7 Working Group on Exchange Market Intervention (1982–83) * G-10 Working Group on the Resolution of Sovereign Liquidity Crises (1995–96) * G-10-sponsored Working Party on Financial Stability in Emerging Market Economies (1996–97) * G-22 Working Party on Transparency and Accountability (1998) * Financial Stability Forum's Working Group on Highly Leveraged Institutions (1999–2000) Truman is a supporter of the IMF. He has proposed a special, on-time allocation of $250bn in SDRs by donor member countries as a way of dramatically building confidence in co-operative solutions to the global recession and to persuade countries not to manage their exchange rates in order to build up foreign exchange surpluses. He urged the

G-20 The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union (EU). It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, ...

'to commit to substantial and sustained actions for a period that matches the likely duration of the crisis'. Truman urged that IMF should enforce the coordinated plan, that it should keep a real-time, public scorecard identifying countries which are not doing their part.

Advocacy

Truman has led international advocacy efforts to defend

Andreas Georgiou Andreas Georgiou ( el, Ανδρέας Γεωργίου, born Patras, 1960) is a Greek economist and former President of the Hellenic Statistical Authority (ELSTAT). In June 2021, he became the European Parliament’s representative at the Europe ...

, the former head of the Hellenic Statistical Authority who has been the target of multiple prosecutions and lawsuits.

Bibliography

* * *

References

External links

* * * 21st-century American economists Clinton administration personnel Living people 1941 births Peterson Institute for International Economics Federal Reserve economists 20th-century American economists {{US-economist-stub