The Critical Link: Financial Implications of National Security Threats
Abstract
For most of the past century, the Naval War College has helped the national security community examine potential consequences of a wide range of crisis scenarios. Historically military and diplomatic responses were the focus of these activities. Because the number and types of issues affecting national security continues to grow, however, national security is no longer the special enclave of diplomats and soldiers. It was less than a decade ago that economic issues were first addressed in the President's National Security Strategy, and they were shortly joined by environmental issues as challenges that could adversely affect the nation. In October 1997, the Naval War College, in partnership with Cantor Fitzgerald, conducted the initial Economic Security Exercise exploring the link between maritime security issues and global financial markets. Since economic issues have not been a central focus of most games or decision events conducted at the Naval War College, pursuing a partnership with the financial community was a logical course. Several senior members of Cantor Fitzgerald have close professional ties with the United States Navy, making this a natural partnership. Cantor Fitzgerald provides a broad spectrum of institutional brokerage and execution services to global financial markets. It operates the world's largest electronic marketplace for G-10 sovereign debt, emerging markets and Eurobonds and is one of the largest "third market" equity operations in the US stock market. The success of the first Economic Security Exercise encouraged both institutions to conduct a follow-on event in order to broaden and deepen the discussion. Like the initial Economic Security Exercise, this workshop brought together key figures from the national security, governmental, and financial communities to explore and test the relationships between international events, national security, and financial markets.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 1998
- Accession Number
- ADA430522
Entities
People
- Bradd C. Hayes
Organizations
- Naval War College