The Per Jacobsson Foundation Lecture, 2018

Per Jacobsson Lecture and panel discussion on the occasion of the Bank's Annual General Meeting, Basel, 24 June 2018.

BIS speech  | 
24 June 2018

Per Jacobsson Foundation Lecture: "The real effects of disrupted credit: evidence from the global financial crisis"

Lecture delivered by Ben S Bernanke, Distinguished Fellow in Residence, The Brookings Institution  (41:11)

How do financial crises affect credit flows and, more importantly, real economic activity? The lecture reviews recent research and presents new evidence on the macroeconomic impact of the Global Financial Crisis in the United States.

Full details will be forthcoming in a paper in September from The Brookings Institution.

Panel discussion

Panel discussion (01:00:27)

Chairman: Agustín Carstens (General Manager)

Panellists: Ilan Goldfajn (Governor, Central Bank of Brazil), Haruhiko Kuroda (Governor, Bank of Japan), Ignazio Visco (Governor, Bank of Italy)


  • Slides by Governor Ilan Goldfajn (Central Bank of Brazil) 
  • Slides and remarks by Governor Ignazio Visco (Bank of Italy)