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

PDFThe Contributors

PDFSymposium Introduction
GORDON H. SELLON, JR.
Senior Vice President and Director of Research
Federal Reserve Bank of Kansas City

BRENT BUNDICK
Research Associate
Federal Reserve Bank of Kansa City

PDFOpening Remarks
BEN S. BERNANKE
Chairman
Board of Governors of the Federal Reserve System

PDFPreface
MARTIN FELDSTEIN
Professor, Harvard University
President Emeritus, National Bureau of Economic Research

Financial Crises in Historical Perspective

PDFThe Subprime Turmoil: What's Old, What's New, and What's Next
CHARLES CALOMIRIS
Professor, Graduate School of Business
Columbia University

Discussant:
PDFMICHAEL BORDO
Professor
Rutgers University

PDFGeneral Discussion

The Role of Incentives and Asymmetric Information in Financial Crises

PDFThe Panic of 2007
GARY B. GORTON
Professor
Yale University

Discussant:
PDFBENGT HOLMSTRÖM
Professor
Massachusetts Institute of Technology

PDFGeneral Discussion

Asset Prices and the Credit Cycle: The Role of the Macroeconomic Environment

PDFFinancial Intermediaries, Financial Stability and Monetary Policy
HYUN SONG SHIN
Professor
Princeton University

Discussant:
PDFJOHN LIPSKY
First Deputy Managing Director
International Monetary Fund

Luncheon Address

PDFMARIO DRAGHI
Governor, Bank of Italy

PDFGeneral Discussion

The Role of Liquidity in Financial Crises

PDFThe Role of Liquidity in Financial Crises
FRANKLIN ALLEN
Professor
The Wharton School, University of Pennsylvania

ELENA CARLETTI
Professor
Center for Financial Studies, University of Frankfurt

Discussant:
PDFPETER R. FISHER
Managing Director and Co-head of Fixed Income
BlackRock

PDFGeneral Discussion

Implications for Regulation and Prudential Supervision

PDFRethinking Capital Regulation
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

Discussant:
PDFJEAN-CHARLES ROCHET
Professor
University of Toulouse

PDFGeneral Discussion

Central Banks and Financial Crises

PDFCentral Banks and Financial Crises
WILLEM H. BUITER
Professor, European Institute
London School of Economics and Political Science

Discussant:
PDFALAN S. BLINDER
Professor
Princeton University

PDFYUTAKA YAMAGUCHI
Former Deputy Governor
Bank of Japan

PDFGeneral Discussion

Overview and Concluding Remarks

PDFSTANLEY FISCHER 
Governor, Bank of Israel

PDFParticipants