8th BIS Annual Conference - Financial System and Macroeconomic Resilience: revisited
25-26 June 2009, Bank for International Settlements, Basel, Switzerland
The proceedings of this conference were published in September 2010.
Programme
Thursday 25 June
| 09:00 | Opening remarks by Stephen Cecchetti (BIS) (remarks) | |
| 09:15 | Session 1: |
Towards market completeness? |
| Chair: | Muhammad Al-Jasser (Saudi Arabian Monetary Agency) | |
| Author: | Darrell Duffie (Graduate School of Business, Stanford University) (paper (updated version) and presentation) | |
| Discussants: | Martin Hellwig (Max Planck Institute for Research on Collective Goods) Philipp Hildebrand (Swiss National Bank) (presentation) |
|
| 10:45 | Session 2: |
Accounting and financial system behaviour |
| Chair: | Miguel Fernández Ordóñez (Bank of Spain) | |
| Author: | Robert Verrecchia (Wharton School, University of Pennsylvania) (paper and presentation) | |
| Discussants: | Mary Barth (Graduate School of Business, Stanford University) (presentation) Jean-Pierre Landau (Banque de France) (presentation) |
|
| 13:30 |
Session 3: |
Liquidity |
| Chair: | Stanley Fischer (Bank of Israel) | |
| Author: | Jean Tirole (Institut d'Economie Industrielle) (paper (updated version) and presentation) | |
| Discussant: | Franklin Allen (Wharton School, University of Pennsylvania) (presentation) | |
| 15:00 | Session 4: | The future of regulation |
| Chair: | Lucas Papademos (European Central Bank) | |
| Author: | Hyun Shin (Princeton University) (paper and presentation) | |
| Discussants: | Donald Kohn (Federal Reserve Board) (comments) José Viñals (International Monetary Fund) (presentation) |
|
| 16:30 | 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) | |
| Discussants: |
Bengt Holmstrom (Massachusetts Institute of Technology) (presentation) Jacob A Frenkel (Group of Thirty (G30)) |
|
Friday 26 June
| 09:00 | Session 6: | Panel | |
| Chair: | Jaime Caruana (BIS) | ||
| Panellists: | William Dudley (Federal Reserve Bank of New York) (remarks) Masaaki Shirakawa (Bank of Japan) (remarks) Nout Wellink (De Nederlandsche Bank) (remarks (updated version)) |
||
| 10:45 | Session 7: |
Household decisions, financial sector and the macroeconomy |
|
| Chair: | Duvvuri Subbarao (Reserve Bank of India) | ||
| Author: | John Muellbauer (Nuffield College, Oxford University) (paper (updated version) and presentation) | ||
| Discussant: | Alan Bollard (Reserve Bank of New Zealand) |