Weekly Newsletter 2/29/16

SAIS International Finance Club Weekly Newsletter – Week of  February 29, 2016

Club members, please see information on this week’s recent news and exciting events as well as important internship/full-time position deadlines.

–Your SAIS International Finance Club Leadership

RECENT FINANCE NEWS 

Bloomberg: “RBC: If Yellen Doesn’t Hike in March, the Fed Isn’t Really ‘Data Dependent’”

  • The Federal Reserve will be acting in defiance of its most steadfast guidance if it doesn’t raise interest rates at its next meeting, according to RBC Capital Markets.
  • Monetary policymakers have long used the phrase “data dependent” to describe the future course of monetary policy in an attempt to retain maximum wriggle room as economic and financial circumstances changed.
  •  A no hike in March reaffirms that monetary policy remains less about U.S. domestic realities and more about the perceived risks from the commodity price collapse and broad global malaise.

NYTimes: How the Bernanke Fed Decided to Pump Billions Into the Economy

  • When 2010 began, the United States economy seemed to be on the mend and leaders of the Federal Reserve discussed how they would unwind their extraordinary interventions from the crisis of the preceding two years.
  • By the time it ended, the Fed was pumping another $75 billion a month into the financial system by buying bonds, aiming to keep the young expansion from falling apart.
  • This article offers snapshots of the Fed’s decision making amid financial turmoil.

UPCOMING ON-CAMPUS EVENTS

Mar. 2: “GWL Coffee Chat with Patience Marime-Ball” Patience Marime-BallManaging Partner and CEO, Mara Ad-Venture Investments, has a 17-year track record in debt and equity investments. In her global investment experience, she has been extensively involved in pipeline generation, deal structuring and closings. Ms. Ball began her investment career with the International Finance Corporation working on infrastructure investments, restructuring of non-performing assets, and investments into commercial banks, debt and equity funds across five continents. Ms. Marime-Ball was formerly head of IFC’s Banking on Women (“BOW”) program, which has invested more than $800 million in 20 countries as part of IFC’s strategy to increase access to capital for women entrepreneurs in emerging markets. The event is capped at 12 students. 1:00pm-2:00pm. Nitze 508. RSVP and more information here.

Mar. 2The Future of the Global Economy with Dr. Paul Achleitner” Dean Vali Nasr and the Foreign Policy Institute invite you to “The Future of the Global Economy” with Dr. Paul Achleitner, Chairman of the Supervisory Board of Deutsche Bank AG. Dr. John Lipsky, Senior Fellow, SAIS Foreign Policy Institute will moderate the talk. 6:00pm-7:00pm. Kenney Auditorium. RSVP here.

 March 30: “Personal Finance 101” with Professor Bodnar & Professor White The SAIS International Finance Club invites you to our Personal Finance 101 event featuring SAIS International Economics Professors Bodnar & White. Come learn about money management fundamentals and must-knows for all financially literate adults. Lunch provided for those who RSVP here. 

JOBS, INTERNSHIPS, AND CAREER RESOURCES

Internships – If no contact listed, details available on SAISWorks

  • Clifftop Colony Capital Partners – Cape Town, South Africa, Summer Intern – [Deadline 3/3]
  • Global Impact Investing Network – Summer Associate – [Deadline 3/4]
  • The Foundation for Defense of Democracies – Research Intern, Sanctions and Illicit Finance – [Deadline 3/10]
  • The Brookings Institution – Research Intern – Illicit Economies and Intelligence – [Deadline 3/14]
  • The Asia Group – Summer Analyst – [Deadline 3/15]
  • Instiglio – Summer Intern – [Deadline 3/16]
  • U.S. Dept. of Treasury – Summer Student Volunteer – [Deadline 3/18] *Must be a U.S. Citizen to apply*
  • The Hartford – Emerging Markets Intern – [Deadline 3/31]
  • Acción International – China Training Program Intern – [Deadline 3/31]
  • Board of Governors of the Federal Reserve System – Summer Internship – [Deadline 3/31]
  • Kekst and Company – Associate – [Deadline 4/1]
  • Acción International – Acción Ambassador Program- [Deadline 4/15]

Full-time – If no contact listed, details available on SAISWorks 

  • Barclays – Junior Analyst – [Deadline 3/13]
  • Instiglio – Senior Associate – [Deadline 3/16]
  • Acción International – India Investment Associate, Venture Lab [Deadline 3/16]
  • IMG Rebel – Infrastructure Consultant – [Deadline 3/26]
  • Fitch Ratings – NYC – Global Infrastructure Group – Latin America Group Director – [Deadline 4/30]

UPCOMING OFF CAMPUS EVENTS

Feb. 29, 8:30am: “The Global Potential And Limitations Of Impact Bonds” Brookings hosts a discussion on the scope for social and development impact bonds to address social challenges globally. Impact bonds, also known as Pay for Success contracts in the United States, have leveraged over $200 million in upfront private capital for social services worldwide over the last six years, and by 2020 the market is expected to triple. Sessions will reflect on the types of challenges for which these new financing modalities are best suited, and the factors critical for their success. Sir Ronald Cohen, chairman of the Global Social Impact Investment Steering Group, will provide keynote remarks. For more information, click here.

Mar. 1, 2pm: “Helping the Developing World Fight Terror Finance” The House Financial Services Committee Task Force to Investigate Terrorism Financing holds a hearing featuring witnesses including Ambassador Robert M. Kimmitt, Senior International Counsel, WilmerHale; Mr. Clay Lowery, Vice President, Rock Creek Global Advisors and Visiting Fellow, Center for Global Development; and Mr. James W. Adams, former Vice President, East Asia and Pacific Region, World Bank. For more information, click here.

Mar. 9, 12:15pm: “The E15 Initiative Washington Launch” The Peterson Institute for International Economics will host the Washington launch of the E15 Initiative on March 9, 2016. The E15 Initiative convenes leading international thinkers in 15 thematic expert groups and 3 task forces to bring fresh perspective and recommend solutions to challenges facing the global trade and investment system. The Initiative is co-managed by the International Centre for Trade and Sustainable Development (ICTSD) and the World Economic Forum in collaboration with 16 partnering institutions. For more information, click here.

Mar. 10, 8:30am: “FinTech Forum: The Convergence Of Finance, Technology, And The Law” George Washington Law’s Center for Law, Economics and Finance hosts its first FinTech Forum: The Convergence of Finance, Technology, and the Law. Co-sponsored by White & Case, KPMG, the Electronic Transactions Association, and the American Banker, this day-long conference will feature industry leaders, academic experts, government regulators, and legal scholars to discuss the future of new disruptive financial technologies and what it means for the law. For more information, click here.

—–

NEWSLETTER CONTRIBUTORS

Editor: Cristina Valdez Pineda

On-Campus Events: Nikki Tan

Off-Campus Events: Anna Lund

Jobs & Internships: Siqi Zhou

– Your SAIS International Finance Club Leadership
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