11th BIS Annual Conference
The future of financial globalisation
21-22 June 2012, Palace Hotel, Lucerne, Switzerland
The proceedings of the conference were published in December 2012.
Programme
| Thursday 21 June 2012 | ||
| 12:15-13:30 | Informal buffet luncheon | |
| 13:45-14:00 | Opening remarks by Stephen Cecchetti (BIS) (Remarks) (Presentation) |
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| 14:00-15:30 | Session 1: | Revisiting the costs and benefits of financial globalisation |
| Chair: | Gill Marcus (Governor, South African Reserve Bank) | |
| Author: | Philip Lane (Trinity College Dublin) "Financial Globalisation and the Crisis" (Paper) (Presentation) |
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| Discussants: | Dani Rodrik (Harvard Kennedy School) (Remarks) (Presentation) | |
| 16:00-17:30 | Session 2: | Financial globalisation and the Great Leveraging |
| Chair: | Alexandre Tombini (Governor, Banco Central do Brasil) | |
| Author: | Alan Taylor (University of Virginia) "The Great leveraging" (Paper) (Presentation) |
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| Discussants: | Barry Eichengreen (University of California, Berkeley) (Remarks) Y Venugopal Reddy (Former Governor, Reserve Bank of India - University of Hyderabad) (Remarks) |
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| 18:00 | Departure from the Palace hotel for dinner venue (Mount Pilatus, 2,132 metres) | |
| 19:30 | Dinner and Keynote lecture |
Amartya Sen (Harvard University) (Remarks) |
| Friday 22 June 2012 | ||
| 09:00-10:30 | Session 3: | Financial globalisation in a world without a riskless asset |
| Chair: | Erdem Basçi (Governor, Central Bank of Turkey) | |
| Author: |
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| Discussants: | Peter Fisher (BlackRock) (Remarks) Fabrizio Saccomanni (Director General, Banca d'Italia) (Remarks) |
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| 11:00-12:30 | Session 4: | Financial globalisation and monetary policy |
| Chair: | Masaaki Shirakawa (Governor, Bank of Japan) | |
| Author: | Hyun Song Shin (Princeton University) "Capital Flows and the Risk-Taking Channel of Monetary Policy" (Paper) (Presentation) |
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| Discussants: | John Taylor (Stanford University) (Presentation) Lars Svensson (Deputy Governor, Sveriges Riksbank) (Remarks) (Presentation) |
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| 12:30 | Lunch | |
| Speaker: | Jean-Claude Trichet (former ECB President, Chair G30) | |
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| 14:00-15:30 | Panel discussion: | "Will financial globalisation survive?" |
| Chair: | Jaime Caruana (BIS) (Panel remarks) | |
| Panelists: | Ravi Menon (Managing Director, Monetary Authority of Singapore (Remarks) (Presentation) Jacob Frenkel (Chairman, JP Morgan Chase International) José Dario Uribe (Governor, Banco de la República) (Remarks) |
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| 15:30 | End of the Conference | |