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Stephen S. Roach

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Stephen S. Roach
Born (1945-09-16) September 16, 1945 (age 79)
NationalityAmerican
CitizenshipUnited States
EducationEconomics
Alma materUniversity of Wisconsin–Madison
New York University
Occupationeconomist
EmployerYale University

Stephen Samuel Roach (born September 16, 1945) is an American economist. He serves as senior fellow at Yale University’s Jackson Institute for Global Affairs, and a senior lecturer at the Yale School of Management. He was formerly chairman of Morgan Stanley Asia, and chief economist at Morgan Stanley, the New York City-based investment bank.

Early life and education

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Career

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In 1968, Roach earned a bachelor's degree in economics from the University of Wisconsin–Madison and, later,[when?] a PhD in economics from New York University.[1][2]

After earning his PhD,[when?] Roach was a research fellow at the Brookings Institution in Washington, D.C. From 1972 until 1979, Roach served as staff economist of the Federal Reserve Board in Washington, D.C.[1] supervising the preparation of the official Federal Reserve projections of the U.S. economy. From 1979 until joining Morgan Stanley in 1982, Roach was Vice President for Economic Analysis for the Morgan Guaranty Trust Company in New York.[3]

Roach was with Morgan Stanley for 30-plus years. He was the investment bank's chief economist[1] since 1982, serving as head of the firm's global team of economists in New York, London, Tokyo, Hong Kong, Singapore, and Paris.[4][5] From 2007-10 he was Chairman, Morgan Stanley Asia, from 2010-12 he was Non-Executive Chairman, Morgan Stanley Asia, and since mid-2010 he has been a Senior Fellow at Yale University.[3]

In 2009, Dirk Bezemer, a Professor of Economics at the University of Groningen in the Netherlands, noted that Roach was one of the earliest to have predicted the 2007–2008 financial crisis.[6]

Personal life

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Roach and his wife live in New Canaan, Connecticut.[7]

Work

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Roach writes monthly columns for the international media organization Project Syndicate.[8]

  • Roach, Stephen, The Next Asia: Opportunities and Challenges for a New Globalization, (Wiley 2009)
  • Roach, Stephen, Unbalanced: The Codependency of America and China (2014)[9][10]
  • Roach, Stephen, Accidental Conflict: America, China, and the Clash of False Narratives, (Yale University Press 2022) ISBN 978-0-300-25964-3

References

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  1. ^ a b c Stephen Roach, Yale School of Management web bio. Retrieved 2013-03-27.
  2. ^ "Stephen S. Roach". World Economic Forum.
  3. ^ a b "Stephen S. Roach | World Economic Forum". Weforum.org. Retrieved March 6, 2023.
  4. ^ "The Subprime Crisis: Canary in a Coal Mine?". Asia Society. September 25, 2007. Retrieved March 6, 2023.
  5. ^ "Stephen S. Roach"
  6. ^ Quoted in Bezemer, Dirk (June 16, 2009). ""No One Saw This Coming": Understanding Financial Crisis Through Accounting Models" (PDF). uni-muenchen.de. Archived from the original (PDF) on April 15, 2015. Abstracted at https://mpra.ub.uni-muenchen.de/15892/.
  7. ^ Dinan, Michael (May 13, 2014). "'America's Wake-Up Call': Q&A with New Canaan's Stephen Roach, Economist and Author". NewCanaanite.com. Retrieved March 6, 2023.
  8. ^ "Stephen S. Roach - Project Syndicate". Project Syndicate. Retrieved October 19, 2017.
  9. ^ The China Challenge May 8, 2014 issue New York Review of Books
  10. ^ Stephen Roach (January 28, 2014). Unbalanced: The Codependency of America and China. Yale University Press. ISBN 978-0-300-18717-5.
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