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 |