Foreword
THOMAS M. HOENIG
President
Federal Reserve Bank of Kansas City

The Contributors

Symposium Summary

Opening Remarks
ALAN GREENSPAN
Chairman, Board of Governors of the Federal Reserve System

Why Is Financial Stability a Goal of Public Policy?
ANDREW CROCKETT
General Manager
Bank for International Settlement

Commentary
STANLEY FISCHER
First Deputy Managing Directorz
International Monetary Fund

General Discussion

The Causes and Propagation of Financial Instability: Lessons for Policymakers
FREDERIC S. MISHKIN
Professor
Columbia University

Commentary
MORRIS GOLDSTEIN
Senior Fellow
Institute for International Economics

General Discussion

What Lessons Can Be Learned From Recent Financial Crises? The Swedish Experience
URBAN BACKSTROM
Governor
Bank of Sweden

The Argentine Experience
PEDRO POU
President
Central Bank of Argentina

The Japanese Experience
YOSHIO SUZUKI
Member
House of Representatives, Japan

General Discussion

Promoting Financial Stability in the Transition Economies of Central and Eastern Europe
VACLAV KLAUS
Prime Minister
Czech Republic

Managing Financial Crises in Emerging Markets
BARRY EICHENGREEN
Professor
University of California-Berkeley

RICHARD PORTES
Director
Centre for Economic Policy Research
Professor
London Business School

Commentary
JEAN-JACQUES REY
Executive Director
Bank of Belgium

Commentary
JEFFREY SACHS
Professor
Harvard University

General Discussion

Institutions and Policies for Maintaining Financial Stability
ROBERT E. LITAN
Director, Economic Studies
The Brookings Institute

Commentary
RANDALL S. KROSZNER
Professor
University of Chicago

General Discussion

Overview Panelists

MARTIN FELDSTEIN
President
National Bureau of Economic Research

EDWARD A.J. GEORGE
Governor
Bank of England

JEAN-CLAUDE TRICHET
Governor
Bank of France

General Discussion

The Participants