The Carlucci Entrepreneurship Forum, conceived in 2010 by AUR’ s Honorary Degree recipient and prominent businessman Robert E. Carlucci and organized annually to recognize and honor his significant achievements as both an entrepreneur and a philanthropist, drew a crowd of enthusiastic guests, students, faculty and staff on December 5th.
This year’s talk was held by guest speaker Gerald P. Dwyer, Director of the Center for Financial Innovation and Stability at the Federal Reserve Bank of Atlanta, where he leads the Bank’s efforts on those issues. Dwyer spoke to enthusiastic Business students, faculty and AUR guests about a very topical subject, the current global financial crisis which, originated in 2007-2008, has changed into a more difficult sovereign debt crisis. He argued that the initial financial crisis in 2007 and 2008 was due to developments in several countries, many associated with housing and perhaps all due to increases in risk taking. This initial crisis has been followed by a sovereign debt crisis. Much of this sovereign debt crisis appears to be due to high levels of government debt, some associated with the financial crisis and some not. This crisis has yet to be resolved and does not have an obvious, feasible, good outcome. AUR trustee Gabe Battista brought greetings from Robert Carlucci, who was unable to attend this year’s Forum owing to prior commitments.
Dwyer teaches at the University of Carlos III in Madrid and Trinity College in Dublin. Prior to joining the Atlanta Fed, Dr. Dwyer was a faculty member at research universities and a visitor at Federal Reserve Banks.
Dr. Dwyer’s research has appeared in leading economics and finance journals, in Federal Reserve publications and in books. He is a past President of the Association of Private Enterprise Education and of the Society for Nonlinear Dynamics and Econometrics.