About the conference
The 13th BIS Annual conference focused on "Debt" and was held in Lucerne on 27 June 2014.
The conference took stock of what we have learned post-crisis about debt dynamics and explore the corresponding financial stability and monetary policy challenges from a global perspective. Specific issues included:
- Understanding the role of debt in the financial system
- The global financial cycle: policy challenges
- Credit booms and domestic policy risks
- Deleveraging, the debt overhang and crises - what next?
The proceedings of the conference were published in the BIS Papers No 80 in January 2015.
Jaime Caruana, Bank for International Settlements
Chair
Haruhiko Kuroda, Bank of Japan
Speaker
Bengt Holmström, MIT
Discussants
- Philipp Hildebrand, Blackrock
- Ernst-Ludwig von Thadden, University of Mannheim
Chair
Karnit Flug, Bank of Israel
Speaker
Maurice Obstfeld, University of California, Berkeley
Discussants
- Otmar Issing, Center for Financial Studies
- Takatoshi Ito, University of Tokyo
Chair
Julio Velarde Flores, Central Reserve Bank of Peru
Speaker
Tano Santos, Columbia University
Discussants
- Raghuram Rajan, Reserve Bank of India
- Andrés Velasco, Columbia University
Chair
Klaas Knot, Netherlands Bank
Speaker
Kenneth Rogoff, Harvard University
Discussants
- Marc Flandreau, The Graduate Institute, Geneva
- Adair Turner, Institute for New Economic Thinking
Moderator
Gillian Tett, Financial Times
Panellists
- Stephen King, HSBC
- Masaaki Shirakawa, Aoyama Gakuin University, Group of 30
Benjamin Friedman, Harvard University