Group of 30
The Group of Thirty, often abbreviated to G30, is an international body of leading financiers and academics which aims to deepen understanding of economic and financial issues, and to examine consequences of decisions made in the public and private sectors related to these issues.
The group consists of thirty members and includes the heads of major private banks and central banks, as well as members from academia and international institutions. It holds two full meetings each year and also organises seminars, symposia, and study groups. It is based in Washington, D.C.
The Group of Thirty was founded in 1978 by Geoffrey Bell at the initiative of the Rockefeller Foundation, which also provided initial funding for the body. Its first chairman was Johannes Witteveen, the former managing director of the International Monetary Fund.
The Bellagio Group, formed by Austrian economist Fritz Machlup, was the immediate predecessor to the Group of Thirty. It first met in 1963, to investigate international currency problems, particularly the balance of payments crisis which faced America throughout the early 60s.
Contents
Criticism
- Andrew Gavin Marshall, "Global Power Project: The Group of Thirty and its Methods of Financial Governance", Occupy, December 4, 2013.
Members
Accessed December 2013: [1]
- Paul A. Volcker, Jacob A. Frenkel, Jean-Claude Trichet, Geoffrey L. Bell, Leszek Balcerowicz, Mark J. Carney, Jaime Caruana, Domingo Cavallo, E. Gerald Corrigan, Guillermo de la Dehesa Romero, Mario Draghi, William C. Dudley, Roger W. Ferguson, Jr., Stanley Fischer, Arminio Fraga Neto, Timothy Geithner, Gerd Häusler, Philipp Hildebrand, Mervyn King, Paul Krugman, Guillermo Ortiz, Raghuram G. Rajan, Kenneth Rogoff, Tharman Shanmugaratnam, Masaaki Shirakawa, Lawrence Summers, Lord Adair Turner, Axel A. Weber, Yutaka Yamaguchi, Ernesto Zedillo, Zhou Xiaochuan
Senior Members
Membership (2006)
The former members of the Group of Thirty were:
- Paul Volcker - Chairman of the Board of Trustees; former Chairman of the Federal Reserve
- Jacob A. Frenkel - Chairman; Vice Chairman, American International Group
- Geoffrey L. Bell - Executive Secretary
- Leszek Balcerowicz - President, National Bank of Poland
- Jaime Caruana - Governor, Banco de España
- Roger W. Ferguson - Vice Chairman, Federal Reserve Board
- Stanley Fischer - Governor, Bank of Israel
- Mervyn King - Governor of the Bank of England
- Guillermo Ortiz Martinez - Governor, Banco de México
- Jean-Claude Trichet - President, European Central Bank
- Tommaso Padoa-Schioppa - Member of the Executive Board, European Central Bank
- Zhou Xiaochuan - Governor, People's Bank of China
- Yutaka Yamaguchi - Former Deputy Governor, Bank of Japan
- E Gerald Corrigan - Managing Director, Goldman Sachs
- Andrew Crockett - President, JP Morgan Chase
- David Walker - Chairman Morgan Stanley
- William R. Rhodes - Senior Vice Chairman, Citigroup
- Jacques de Larosière - Conseiller, BNP Paribas
- Guillermo de la Dehesa - Director, Aviva Group
- Arminio Fraga - Partner, Gávea Investimentos
- Domingo Cavallo - Robert Kennedy Visiting Professor in Latin American Studies, Department of Economics, Harvard University
- Martin Feldstein - President, National Bureau of Economic Research
- Peter B. Kenen - Walker Professor of Economics & International Finance, Department of Economics, Princeton University
- Paul Krugman - Professor of Economics, Woodrow Wilson School, Princeton University
- Lawrence Summers - President, Harvard University
- Marina v N. Whitman - Professor of Business Administration & Public Policy, Ford School of Public Policy, University of Michigan
- Ernesto Zedillo, Director, Yale Center for the Study of Globalization, Yale University
- Gerd Häusler - Counsellor and Director, International Capital Markets Department, International Monetary Fund
- Toyoo Gyohten - President, Institute for International Monetary Affairs
- Abdalatif A-Hamad - Chairman, Arab Fund for Economic and Social Development
Emeritus members
- Rt. Hon. Lord Richardson of Duntisbourne - Honorary Chairman
- Erik Hoffmeyer - Former Chairman, Danmarks Nationalbank
- Shijuro Ogata - Former Deputy Governor, Bank of Japan
- Richard A. Debs - Advisory Director, Morgan Stanley
- Wilfried Guth - Deutsche Bank
- Ernest Stern - Partner and Senior Advisor, The Rohatyn Group
- Sylvia Ostry - Distinguished Research Fellow, Munk Centre for International Studies, Toronto
- Gerhard Fels - Former Director, Institut der deutschen Wirtschaft
- John G. Heimann - Senior Advisor, Financial Stability Institute
- William J. McDonough - Chairman, Public Company Accounting Oversight Board
Other former members
Other former members include:
- Austrian-American economist, Fritz Machlup
- former Kennedy-era treasury official, Robert Roosa
- former deputy Bank of England governor, Rupert Pennant-Rea
- former Bundesbank President, Karl Otto Pöhl, and
- the current Federal Reserve chairman, Alan Greenspan
External links
Contact
The Group of Thirty
1990 M Street, Suite 450
Washington, DC 20036 USA
Phone : 202-331-2472
Fax : 202-785-9423
