I am working on several research projects with the overarching objective of developing policy insights for emerging economies to manage cross-border spillovers from increasingly interconnected markets. By looking at liquidity in the government bond market, I am analyzing the impact of foreign markets and participants on Indian bond markets. Another project explores the effect of harmonized international bank regulations on unique domestic financial institutions, focusing on how Basel norms impact development banks in Brazil and India. Finally, I am investigating how deeper global markets complicate exchange rate management by examining the way central banks’ use of reserves adjusts to currency market depth.
Russell A. Green, Ph.D., is the Will Clayton Fellow in International Economics at Rice University’s Baker Institute. He is also an adjunct professor in the Economics Department, where he teaches international finance and macroeconomics. Green’s current research focuses on financial market development in emerging market economies, financial inclusion and Indian developmental challenges. His writing regularly appears in op-ed pages of prominent American and Indian newspapers.
Prior to joining the Baker Institute, Green spent four years in India as the U.S. Treasury Department’s first financial attaché to that country. His engagement in India primarily focused on financial market development, India’s macroeconomy and illicit finance, and also included diverse topics such as cross-border tax evasion and financing global climate change activities. He worked with counterparts in India’s government to develop the U.S.-India Economic and Financial Partnership, launched in 2009 by Indian Finance Minister Pranab Mukherjee and U.S. Treasury Secretary Timothy Geithner.
Green was previously the deputy director of the U.S. Treasury’s Office of International Monetary Policy, where he led efforts to strengthen International Monetary Fund exchange rate policies and international reserve management. He started his tenure at Treasury in the Office of Quantitative Policy Analysis, focusing on emerging market vulnerabilities and debt sustainability analysis. His economic research has addressed bank regulation, financial liberalization, international reserve accumulation, bilateral investment treaties and the economics of international reproductive health. Green speaks Spanish and Japanese and holds a B.A. from Pomona College and a Ph.D. from the University of California, Berkeley.