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