About the conference
The 8th BIS Annual Conference focused on "Financial System and Macroeconomic Resilience: revisited". The conference proceedings were published in the BIS Papers No 53 in September 2010.
Conference materials
Stephen Cecchetti, Bank for International Settlements | remarks
Chair
Muhammad Al-Jasser, Saudi Arabian Monetary Agency
Speaker
Darrell Duffie, Graduate School of Business, Stanford University | presentation
Paper
The Failure Mechanics of Dealer Banks
Discussants
- Martin Hellwig, Max Planck Institute for Research on Collective Goods
- Philipp Hildebrand, Swiss National Bank | presentation
Chair
Miguel Fernández Ordóñez, Bank of Spain
Speaker
Robert Verrecchia, Wharton School, University of Pennsylvania | presentation
Paper
Discussants
- Mary Barth, Graduate School of Business, Stanford University | presentation
- Jean-Pierre Landau, Banque de France | presentation
Chair
Stanley Fischer, Bank of Israel
Speaker
Jean Tirole, Institut d'Economie Industrielle | presentation
Paper
Illiquidity and All Its Friends
Discussants
Franklin Allen, Wharton School, University of Pennsylvania | presentation
Chair
Lucas Papademos, European Central Bank
Speaker
Hyun Song Shin, Princeton University | presentation
Paper
Financial Intermediation and the Post-Crisis Financial System
Discussants
- Donald Kohn, Federal Reserve Board
- José Viñals, International Monetary Fund | presentation
Chair
Guillermo Ortiz, Bank of Mexico
Speaker
Raghuram Rajan, Graduate School of Business, Universtiy of Chicago | presentation
Paper
- Paper 1: Too Systemic to fail: Consequences, Causes, and Potential Remedies
- Paper 2: Fear of fire sales and the credit freeze
Discussants
- Bengt Holmstrom, Massachusetts Institute of Technology | presentation
- Jacob A Frenkel, Group of Thirty (G30)
Chair
Jaime Caruana, Bank for International Settlements
Panellists
- William Dudley, Federal Reserve Bank of New York
- Masaaki Shirakawa, Bank of Japan
- Nout Wellink, De Nederlandsche Bank | remarks
Chair
Duvvuri Subbarao, Reserve Bank of India
Speaker
John Muellbauer, Nuffield College, Oxford University | presentation
Paper
Discussants
Alan Bollard, Reserve Bank of New Zealand