Stephen S. Roach

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

Roach was born in California. He enrolled at University of Wisconsin–Madison in 1963, aiming to become a civil engineer, he transferred in his third semester to study economics instead.<ref name =UW>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> He was a member of the Alpha Epsilon Pi fraternity. His student years were marked by protests on campus in Opposition to United States involvement in the Vietnam War.<ref name =UW/> In 1968, Roach earned a bachelor's degree in economics from the University of Wisconsin–Madison and, later,Template:When a Master's degree and PhD in economics from New York University.<ref name =UW/><ref name=SOM/><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Career

After earning his PhD,Template:When 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.<ref name=SOM/> 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.<ref name="weforum1">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Roach was with Morgan Stanley for 30-plus years. He was the investment bank's chief economist<ref name=SOM>Stephen Roach, Yale School of Management web bio. Retrieved 2013-03-27.</ref> since 1982, serving as head of the firm's global team of economists in New York, London, Tokyo, Hong Kong, Singapore, and Paris.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>"Stephen S. Roach"</ref> 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.<ref name="weforum1"/>

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 2008 financial crisis.<ref name="mpra.ub.uni-muenchen.de">Quoted in {{#invoke:citation/CS1|citation |CitationClass=web }} Abstracted at https://mpra.ub.uni-muenchen.de/15892/.</ref>

Personal life

Roach and his wife live in New Canaan, Connecticut.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Work

Roach writes monthly columns for the international media organization Project Syndicate.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

• Roach, Stephen, The Next Asia: Opportunities and Challenges for a New Globalization, (Wiley 2009)
• Roach, Stephen, Unbalanced: The Codependency of America and China (2014)<ref>The China Challenge May 8, 2014 issue New York Review of Books</ref><ref>Template:Cite book</ref>
• Roach, Stephen, Accidental Conflict: America, China, and the Clash of False Narratives, (Yale University Press 2022) Template:ISBN

External links

• Column archive at Project Syndicate
• Column archive at The Globalist
• Column archive at Aljazeera
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• Video of Stephen Roach discussing 'The Next Asia' at the Asia Society in New York, September 30, 2009
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