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Symposium Introduction
Gordon H. Sellon Jr., Senior Vice President
and Director of Research, and Brent Bundick, Research Associate, Federal Reserve Bank of Kansas City |
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Opening
Remarks |
BEN S. BERNANKE
Chairman, Board of Governors of the Federal Reserve System |
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| Preface |
MARTIN FELDSTEIN
Professor, Harvard University, and President Emeritus, National Bureau of Economic Research |
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Financial Crises in
Historical Perspective |
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Author: |
CHARLES CALOMIRIS
Professor, Graduate
School of Business, Columbia University
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Paper: |
The
Subprime Turmoil: What’s Old, What’s New, and What’s Next |
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Discussant: |
Michael Bordo
Professor, Rutgers
University |
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General Discussion |
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The Role of Incentives
and Asymmetric Information in Financial Crises |
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Author: |
GARY B. GORTON
Professor, Yale
University |
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Paper: |
The
Panic of 2007 |
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Discussant: |
Bengt HolmstrÖm
Professor,
Massachusetts Institute of Technology
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General Discussion |
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Asset Prices and the
Credit Cycle: The Role of the Macroeconomic Environment |
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Author: |
HYUN SONG SHIN
Professor, Princeton
University
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Paper: |
Financial
Intermediaries, Financial Stability and Monetary Policy |
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Discussant: |
John Lipsky
First Deputy
Managing Director, International Monetary Fund |
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General Discussion |
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Luncheon
Address |
MARIO DRAGHI
Governor, Bank of
Italy
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General Discussion |
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The Role of Liquidity in
Financial Crises |
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Authors: |
FRANKLIN ALLEN
Professor, The
Wharton School, University of Pennsylvania
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ELENA CARLETTI
Professor, Center
for Financial Studies, University of Frankfurt |
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Paper: |
The
Role of Liquidity in Financial Crises |
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Discussant: |
PETER R. FISHER
Managing Director
and Co-head of Fixed Income, BlackRock |
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General Discussion |
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Implications for
Regulation and Prudential Supervision |
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Author: |
ANIL K. KASHYAP
Professor, Graduate
School of Business, University of Chicago |
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RAGHURAM G. RAJAN
Professor, Graduate
School of Business, University of Chicago
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JEREMY C. STEIN
Professor, Harvard
University |
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| Paper: |
Rethinking
Capital Regulation |
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Discussant: |
JEAN-CHARLES ROCHET
Professor,
University of Toulouse |
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General Discussion |
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Central Banks and
Financial Crises |
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Author: |
WILLEM H. BUITER
Professor, European
Institute, London School of Economics and Political Science |
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| Paper: |
Central
Banks and Financial Crises |
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| Discussant: |
ALAN S. BLINDER
Professor, Princeton
University |
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YUTAKA YAMAGUCHI
Former Deputy Governor,
Bank of Japan |
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General Discussion |
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Overview and Concluding Remarks |
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STANLEY FISCHER
Governor, Bank of Israel |
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Participants |
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