Stephen S. Roach
{{short description|American economist}}
{{BLP primary sources|date=April 2024}}
{{Use mdy dates|date=March 2023}}
{{Infobox person
| name = Stephen S. Roach
| image = Stephen Roach 2008.jpg
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| birth_date = {{birth date and age|1945|9|16|mf=y}}
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| nationality = American
| citizenship = United States
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| education = Economics
| alma_mater = University of Wisconsin–Madison
New York University
| employer = Yale University
| occupation = economist
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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
{{expand section|date=April 2024}}
Career
In 1968, Roach earned a bachelor's degree in economics from the University of Wisconsin–Madison and, later,{{when|date=April 2024}} a PhD in economics from New York University.{{cite web|url=https://www.weforum.org/people/stephen-s-roach/|title=Stephen S. Roach|website=World Economic Forum}}
After earning his PhD,{{when|date=April 2024}} 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. 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.{{cite web|url=https://www.weforum.org/people/stephen-s-roach |title=Stephen S. Roach | World Economic Forum |publisher=Weforum.org |date= |accessdate=2023-03-06}}
Roach was with Morgan Stanley for 30-plus years. He was the investment bank's chief economist[http://mba.yale.edu/faculty/profiles/roach.shtml Stephen Roach], Yale School of Management web bio. Retrieved 2013-03-27. since 1982, serving as head of the firm's global team of economists in New York, London, Tokyo, Hong Kong, Singapore, and Paris.{{cite web|url=https://asiasociety.org/business/economic-trends/subprime-crisis-canary-coal-mine |title=The Subprime Crisis: Canary in a Coal Mine? |publisher=Asia Society |date=2007-09-25 |accessdate=2023-03-06}}[https://rucore.libraries.rutgers.edu/rutgers-lib/34329/PDF/2/ "Stephen S. Roach"] From 2007 to 2010 he was chairman, Morgan Stanley Asia, from 2010 to 2012 he was Non-Executive Chairman, Morgan Stanley Asia, and since mid-2010 he has been a Senior Fellow at Yale University.
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.Quoted in {{cite web|url=http://mpra.ub.uni-muenchen.de/15892/1/MPRA_paper_15892.pdf|title="No One Saw This Coming": Understanding Financial Crisis Through Accounting Models|work=uni-muenchen.de|archive-url=https://web.archive.org/web/20150415080450/http://mpra.ub.uni-muenchen.de/15892/1/MPRA_paper_15892.pdf|archive-date=2015-04-15|author=Bezemer, Dirk|date=2009-06-16}} Abstracted at [https://mpra.ub.uni-muenchen.de/15892/ https://mpra.ub.uni-muenchen.de/15892/].
Personal life
Roach and his wife live in New Canaan, Connecticut.{{cite web|last=Dinan |first=Michael |url=https://newcanaanite.com/americas-wake-up-call-qa-with-new-canaans-stephen-roach-economist-and-author-2776 |title='America's Wake-Up Call': Q&A with New Canaan's Stephen Roach, Economist and Author |publisher=NewCanaanite.com |date=2014-05-13 |accessdate=2023-03-06}}
Work
Roach writes monthly columns for the international media organization Project Syndicate.{{cite web|url=https://www.project-syndicate.org/columnist/stephen-s--roach|title=Stephen S. Roach - Project Syndicate|website=Project Syndicate|language=en|access-date=2017-10-19}}
- Roach, Stephen, The Next Asia: Opportunities and Challenges for a New Globalization, (Wiley 2009)
- Roach, Stephen, Unbalanced: The Codependency of America and China (2014)[http://www.nybooks.com/articles/archives/2014/may/08/china-challenge/ The China Challenge] May 8, 2014 issue New York Review of Books{{cite book|author=Stephen Roach|title=Unbalanced: The Codependency of America and China|url=https://books.google.com/books?id=rMp0AgAAQBAJ|date=28 January 2014|publisher=Yale University Press|isbn=978-0-300-18717-5}}
- Roach, Stephen, Accidental Conflict: America, China, and the Clash of False Narratives, (Yale University Press 2022) {{ISBN|978-0-300-25964-3}}
References
{{Reflist}}
External links
- [http://www.project-syndicate.org/contributor/3946 Column archive] at Project Syndicate
- [https://web.archive.org/web/20110611075204/http://www.theglobalist.com/AuthorBiography.aspx?AuthorId=582 Column archive] at The Globalist
- [http://english.aljazeera.net/indepth/opinion/profile/stephen-s-roach.html Column archive] at Aljazeera
- {{C-SPAN|21695}}
- {{Charlie Rose view|253}}
- {{NYTtopic|people/r/stephen_s_roach}}
- [http://asiasociety.org/business-economics/economic-trends/stephen-roach-hard-look-next-asia Video of Stephen Roach discussing 'The Next Asia'] at the Asia Society in New York, September 30, 2009
- {{cite web|title=Stephen Roach|url=https://www.jstor.org/action/doBasicSearch?Query=au%3A%22Stephen+Roach%22|publisher=JSTOR}}
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Category:20th-century American economists
Category:21st-century American economists
Category:Brookings Institution people
Category:Economists from Connecticut
Category:Federal Reserve economists
Category:Morgan Stanley people
Category:New York University alumni
Category:People from New Canaan, Connecticut
Category:University of Wisconsin–Madison College of Letters and Science alumni