Guillermo A. Calvo is Distinguished University Professor and the Director of the Center for International Economics at the University of Maryland. Since 2001 he has served as Chief Economist and Manager of the Research Department at the Inter-American Development Bank. He is the author of "Money, Exchange Rates, and Output" (MIT Press, 1996).

Maurice Obstfeld is the Class of 1958 Professor of Economics at the University of California, Berkeley. His interests are in international finance and macroeconomics, areas in which he has published numerous research articles. Professor Obstfeld received his Ph.D. from MIT and later taught at Columbia, the University of Pennsylvania, and Harvard before moving to Berkeley. He has served as a consultant for the IMF, World Bank, European Commission, and several central banks. With Kenneth Rogoff, he is the author of Foundations of International Macroeconomics (1996). He is also the author, together with Paul Krugman, of International Economics: Theory and Policy, which has been translated into several foreign languages. He is a Research Associate of the National Bureau of Economic Research, a Research Fellow of the Centre for Economic Policy Research (London), and a Fellow of the Econometric Society.

Rudiger Dornbusch is Professor of Economics at the Massachusetts Institute of Technology.