Financial Crisis Contingency Planning: Sovereign Gambit Exercise

With the support of the Alfred P. Sloan Foundation, the Center for the Study of the Presidency and Congress convened a group of financial experts at Georgetown University for a five-hour tabletop exercise on financial contingencies facilitated by Booz Allen Hamilton.  The purpose of the scenario was not to predict what future events are likely to be, but more so to evaluate tools and processes available to policymakers to address crises, how these tools have changed since 2008, and what needs to be done to create greater economic security and international coordination in financial markets going forward.