9th BIS Annual Conference - The Future of Central Banking under Post-Crisis Mandates

24-25 June 2010, Hotel Schweizerhof, Lucerne, Switzerland

The proceedings of this conference were published in January 2011.


Thursday 24 June
13:30 Opening remarks by Stephen Cecchetti (BIS)
13:45 Session 1: International governance
  Chair: Henrique de Campos Meirelles (Central Bank of Brazil)
  Author: Harold James (Princeton University)
Paper: Central Banks: Between Internationalization and Domestic Political Control
Presentation: presentation slides
  Discussants: Gianni Toniolo (Duke University): comments and presentation slides
Már Gudmundsson (Central Bank of Iceland): comments and presentation slides
15:45 Session 2: The future role and mandate of central banks
  Chair: Armando M Tetangco, Jr. (Bangko Sentral ng Pilipinas)
  Author: Charles Goodhart (London School of Economics) 
Paper: The changing roles of Central Banks
Presentation: presentation slides
  Discussants: Stanley Fischer (Bank of Israel): comments
Randall Kroszner (University of Chicago): comments and presentation slides
  Keynote lecture  
  Speaker: Alexandre Lamfalussy: keynote speech
Friday 25 June
08:00   Session 3: Lessons from history for future central bank design
  Chair: Ms Zeti Aziz (Central Bank of Malaysia)
  Author: Barry Eichengreen (University of California) (joint work with Marc Flandreau)
Revised paper: The Federal Reserve, the Bank of England, and the Rise of the Dollar as an International Currency, 1914-1939
Presentation: presentation slides
  Discussants:        Robert Keohane (Princeton University): comments and presentation slides
Leszek Balcerowicz (Warsaw School of Economics): comments
09:50 Session 4: Lessons from political economy for future central bank design
  Chair: Christine Cumming (Federal Reserve Bank of New York)
  Author: Ross Levine (Brown University)
Revised paper: The Governance of Financial Regulation: Reform Lessons from the Recent Crisis
Presentation: presentation slides
  Discussants: Gill Marcus (South African Reserve Bank): comments
Howard Davies (London School of Economics): comments and presentation slides
11:40 Session 5: Central bank finances: Policy relevant? Politically relevant?
  Chair: Zdenek Tuma (Czech National Bank)
  Author: Peter Stella (Consultant)
Revised paper: Minimizing Monetary Policy
Presentation: presentation slides
  Discussants: Marc Flandreau (Graduate Institute of international and Developmant Studies): comments and presentation slides
José De Gregorio (Central Bank of Chile): comments and presentation slides
14:30 Session 6: Are central banks special?
  Chair: Masaaki Shirakawa (Bank of Japan)
  Author: John Vickers (All Souls College, Oxford)
Paper: Central banks and competition authorities: institutional comparisons and new concerns
Presentation: presentation slides
  Discussants: Allan Bollard (Reserve Bank of New Zealand): presentation slides
Mario Monti (Universita Commerciale Luigi Bocconi)
16:45 Session 7: Panel discussion: "Do central bank governance arrangements need to be altered?" (introductory remarks)
  Chair: Jaime Caruana (BIS)
  Panellists: Mark Carney (Bank of Canada)
Andrew Crockett (JP Morgan Chase International)
Stefan Ingves (Sveriges Riksbank)
Lucas Papademos (Ex Vice President, European Central Bank)
Duvvuri Subbarao (Reserve Bank of India): Do Central Bank Governance Arrangements Need to be Altered? (revised)