Douglas A. Rediker
Nonresident Senior Fellow - Foreign Policy, Global Economy and Development, Center on the United States and Europe
Douglas A. Rediker is a nonresident senior fellow in the Global Economy and Development program at Brookings, as well as in the Center on the United States and Europe in the Foreign Policy program. He is also the founding partner of International Capital Strategies, LLC, a Washington, DC-based political economy consultancy founded in 2012. Until April 2016, he was a visiting fellow at the Peterson Institute for International Economics. Rediker represented the United States on the Executive Board of the International Monetary Fund (IMF) from 2010 to 2012, having been nominated by President Obama in 2009 and confirmed by the U.S. Senate in early 2010. He served as the chairman, vice chairman, and a member of the World Economic Forum (WEF) Geopolitical Risk and Geo-Economic Global Agenda and Future Councils. He has moderated and participated in panels at WEF events in Davos on capital markets, the international monetary system, emerging markets, and global governance issues.
In 2007, he returned to the United States after living and working for over 16 years in Europe, where he served as a senior investment banker and private equity investor for some of the world's leading financial institutions. As head of Europe, Middle East, and Africa Emerging Markets Investment Banking, Rediker's experience included advising and working closely with European governments, central banks, and the private sector.
Rediker has testified before the U.S. Congress on a variety of subjects, including the role of the IMF, foreign policy implications of the economic crisis, geoeconomics and state capitalism. He is a contributor and co-editor of the e-book “What's Next: Essays on the Geopolitics That Matter” (Portfolio/Penguin, 2012). He has published opinion pieces in The Financial Times, The New York Times, Foreign Policy, The New Republic, Wall Street Journal, Forbes, Fortune, The Globalist, European Affairs, The Boao Review, and The National Interest. He was named an "Emerging Markets Superstar" by Global Finance Magazine. He began his career as an attorney at Skadden Arps in Washington, D.C. and New York. He also served as senior fellow at the New America Foundation and director of the Global Strategic Finance Initiative, which he co-founded. He is a member of the U.S. Council on Foreign Relations.
Affiliations:
Converium Capital, external advisory board, member
Douglas A. Rediker is a nonresident senior fellow in the Global Economy and Development program at Brookings, as well as in the Center on the United States and Europe in the Foreign Policy program. He is also the founding partner of International Capital Strategies, LLC, a Washington, DC-based political economy consultancy founded in 2012. Until April 2016, he was a visiting fellow at the Peterson Institute for International Economics. Rediker represented the United States on the Executive Board of the International Monetary Fund (IMF) from 2010 to 2012, having been nominated by President Obama in 2009 and confirmed by the U.S. Senate in early 2010. He served as the chairman, vice chairman, and a member of the World Economic Forum (WEF) Geopolitical Risk and Geo-Economic Global Agenda and Future Councils. He has moderated and participated in panels at WEF events in Davos on capital markets, the international monetary system, emerging markets, and global governance issues.
In 2007, he returned to the United States after living and working for over 16 years in Europe, where he served as a senior investment banker and private equity investor for some of the world’s leading financial institutions. As head of Europe, Middle East, and Africa Emerging Markets Investment Banking, Rediker’s experience included advising and working closely with European governments, central banks, and the private sector.
Rediker has testified before the U.S. Congress on a variety of subjects, including the role of the IMF, foreign policy implications of the economic crisis, geoeconomics and state capitalism. He is a contributor and co-editor of the e-book “What’s Next: Essays on the Geopolitics That Matter” (Portfolio/Penguin, 2012). He has published opinion pieces in The Financial Times, The New York Times, Foreign Policy, The New Republic, Wall Street Journal, Forbes, Fortune, The Globalist, European Affairs, The Boao Review, and The National Interest. He was named an “Emerging Markets Superstar” by Global Finance Magazine. He began his career as an attorney at Skadden Arps in Washington, D.C. and New York. He also served as senior fellow at the New America Foundation and director of the Global Strategic Finance Initiative, which he co-founded. He is a member of the U.S. Council on Foreign Relations.
Affiliations:
Converium Capital, external advisory board, member
The 2022 Knight Forum on Geopolitics
Does Russia’s invasion of Ukraine mark the end of the post-Cold War era?
Europe in an era of disruption: Where does the Russia-Ukraine crisis go from here?
[Even if the Taliban could get money from the IMF...the process] would take, I think, months at the earliest, if at all. [...] The U.S. still retains a lot of political heft in the global, political and economic systems to twist some arms. The Taliban are not going to be popular.
It is extremely unlikely that the Taliban will have access in the immediate term to the SDRs [special drawing rights] in a usable form — meaning the ability to access them and exchange them for dollars, euros or otherwise. If the Taliban becomes both the de facto and de jure government of Afghanistan, in full control of the instrumentalities of power, then it will be difficult for the IMF to deny them access to the SDRs. But that does not mean that there won’t be huge efforts to avoid that outcome.
[As the Fed and other major central banks begin raising rates, some emerging market central banks would be forced to follow suit. Otherwise, capital would flee and their currencies would plunge in value, further aggravating inflation.] You could have a crisis if investors all decide to run for the exits at the same time.
