25-26 June 2009, Bank for International Settlements, Basel, Switzerland
Thursday 25 June
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09:00
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Opening remarks by Stephen Cecchetti (BIS) (remarks)
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| 09:15 | Session 1: |
Towards market completeness? |
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Chair:
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Muhammad Al-Jasser (Saudi Arabian Monetary Agency) |
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Author:
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Darrell Duffie (Graduate School of Business, Stanford University) (paper (updated version) and presentation)
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Discussants:
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Martin Hellwig (Max Planck Institute for Research on Collective Goods)
Philipp Hildebrand (Swiss National Bank) (presentation) |
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10:45
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Session 2: |
Accounting and financial system behaviour |
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Chair:
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Miguel Fernández Ordóñez (Bank of Spain)
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Author:
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Robert Verrecchia (Wharton School, University of Pennsylvania) (paper and presentation)
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Discussants:
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Mary Barth (Graduate School of Business, Stanford University) (presentation)
Jean-Pierre Landau (Banque de France) (presentation) |
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13:30
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Session 3: |
Liquidity |
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Chair: | Stanley Fischer (Bank of Israel)
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| Author: | Jean Tirole (Institut d'Economie Industrielle) (paper (updated version) and presentation)
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Discussant: | Franklin Allen (Wharton School, University of Pennsylvania) (presentation)
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15:00
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Session 4: | The future of regulation |
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Chair: | Lucas Papademos (European Central Bank)
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Author: | Hyun Shin (Princeton University) (paper and presentation)
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Discussants: | Donald Kohn (Federal Reserve Board) (comments)
José Viñals (International Monetary Fund) (presentation) |
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16:30
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Session 5: | Role of government in crisis management |
| Chair: | Guillermo Ortiz (Bank of Mexico) | |
| Author: | Raghuram Rajan (Graduate School of Business, Universtiy of Chicago) (paper 1, paper 2 and presentation)
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| Discussants: |
Bengt Holmstrom (Massachusetts Institute of Technology) (presentation)
Jacob A Frenkel (Group of Thirty (G30))
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Friday 26 June
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09:00
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Session 6: | Panel |
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Chair:
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Jaime Caruana (BIS)
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Panellists:
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William Dudley (Federal Reserve Bank of New York) (remarks)
Masaaki Shirakawa (Bank of Japan) (remarks) Nout Wellink (De Nederlandsche Bank) (remarks (updated version)) |
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10:45
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Session 7: |
Household decisions, financial sector and the macroeconomy |
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Chair: | Duvvuri Subbarao (Reserve Bank of India) | |
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Author:
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John Muellbauer (Nuffield College, Oxford University) (paper (updated version) and presentation)
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Discussant:
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Alan Bollard (Reserve Bank of New Zealand)
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