Word: roosa
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Dates: during 1960-1969
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...underdeveloped nations. Fowler indicated last week that the U.S. may be warming to the idea of reform through the Group of Ten?but it would still prefer the IMF. In a book published this week, Monetary Reform for the World Economy, former Under Secretary of the Treasury Robert Roosa speaks up for new money to be created within the IMF?a position that European moneymen believe may reflect just what the U.S. wants...
...experts of the Group of Ten* gathered two weeks ago in Paris to debate ways to modernize the world's overworked, undercapitalized monetary system. In Washington last week, President Johnson's newly named international monetary advisory committee-including former Treasury Secretary Douglas Dillon and Under Secretary Robert Roosa, Bankers David Rockefeller and Andre Meyer-met for the first time to explore ideas. Treasury Secretary Henry Fowler will go to Europe in September and try to persuade Europe's financial leaders to start planning for a future monetary summit...
Because of the vast wealth and international obligations of the U.S., American officials hold a certain primacy of honor among the world's moneymen. This was undeniably the case when Douglas Dillon, as Treasury Secretary and Robert V. Roosa as his Under Secretary for Monetary Affairs were regulars at the monetary meetings. Because it will take time for their successors, Joe Fowler and Fred Deming (a new face at last week's Paris meetings), to build up comparable reputations, the Federal Reserve's Martin has become even more influential in monetary matters. Said Martin in Uruguay last...
...developing run on sterling, Wilson summoned his Cabinet and again went over the options, from raising the bank rate to borrowing heavily abroad. In the end, Wilson did both, and Lord Cromer, Governor of the Bank of England, was a shrewd adviser as U.S. Treasury Under Secretary Robert Roosa and others rounded up a life-saving fund of $3 billion from key banks of the West...
...team, jetting once a month to monetary meetings in Europe. A domestic money expert who headed Minneapolis' Federal Reserve Bank, Deming hardly knew Europe's clubby central bankers when he moved into his job last January. Deming was hand-picked for the job by his predecessor, Robert Roosa, who gave him two pieces of advice: For the first year, make no public statements and do not bring your wife to Washington-you will have too much homework to do. (Deming will hit the lecture trail this month, and Mrs. Deming will move in from Minneapolis this fall...