CHANGING CAPITAL MARKETS:
Implications for Monetary Policy

A symposium sponsored by the Federal Reserve Bank of Kansas City
Jackson Hole, Wyoming
August 19-21, 1993

• Full publication (23,311k)

• Opening Remarks
  Alan Greenspan
   
• Financial Markets in Transition - or the Decline of Commercial Banking
  Franklin R. Edwards
   
• Commentary : Financial Markets in Transition-or The Decline of Commercial Banking
  Kumiharu Shigehara
   
• Credit Channel or Credit Actions? An Interpretation of the Postwar Transmission Mechanism
  Christina D. Romer and David H. Romer
   
• Commentary: Credit Channel or Credit Actions? An Interpretation of the Postwar Transmission Mechanism
  Charles Freedman
   
• Commentary: Credit Channel or Credit Actions? An Interpretation of the Postwar Transmission Mechanism
  Mark Gertler

• The Role of Judgment and Discretion in the Conduct of Monetary Policy: Consequences of Changing Financial Markets
  Benjamin M. Friedrnan
   
• Commentary: The Role of Judgment and Discretion in the Conduct of Monetary Policy
  Donald L. Kohn
   
• Commentary: The Role of Judgment and Discretion in the Conduct of Monetary Policy
  Reiner Konig
   
• Commentary: The Role of Judgment and Discretion in the Conduct of Monetary Policy
  Allan H. Meltzer
   
• Financial Markets in 2020
  Charles S. Sanford, Jr.
   
• The Integration of World Capital Markets
  Michael Mussa and Morris Goldstein
   
• Commentary: The Integration of World Capital Markets
  Martin Feldstein

• Commentary: The Integration of World Capital Markets
  Robert A. Johnson

• Monetary Policy Implications of Increased Capital Flows
  Andrew Crockett
   
• Commentary : Monetary Policy Implications of Increased Capital Flows
  Antonio M. Borges
   
• Commentary: Monetary Policy Implications of Increased Capital Flows
  Alberto Giovannini
  
  OVERVIEW PANELISTS
   
• Stanley Fischer
  Jacob A. Frenkel
  Toyoo Gyohten
  Hans Tietmeyer

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