17th BIS Annual Conference

Ten years after the Great Financial Crisis: what has changed?

Friday 22 June 2018, Dolder Grand Hotel, Zurich, Switzerland


Welcome Hyun Song Shin, Bank for International Settlements
Session 1: What are the characteristics of the new financial system? 
     Chair Erkki Liikanen, Bank of Finland
     Author  Asli Demirgüç-Kunt, World Bank
     Paper "Are international banks different? Evidence on bank performance and strategy"
     Discussants Tobias Adrian, International Monetary Fund
Discussion paper
  Bengt Holmström, Massachusetts Institute of Technology
Discussion paper
Session 2: Has the inflation process changed? 
     Chair Philip Lowe, Reserve Bank of Australia
     Author  Kristin Forbes, MIT Sloan School of Management
     Paper "Has globalization changed the inflation process?"

Carlos Viana de Carvalho, Central Bank of Brazil
Discussion paper

  Simon Gilchrist, New York University
Discussion paper  
Session 3: Is the financial system more resilient? 
     Chair Stefan Ingves, Sveriges Riksbank
     Author  Paul Tucker, Harvard Kennedy School
     Paper "Is the financial system sufficiently resilient: a research programme and policy agenda
     Discussants Gary Gorton, Yale School of Management
Discussion paper 
  Nellie Liang, The Brookings Institution
Discussion paper  
Session 4: What are main challenges for international policy coordination? 
     Chair Karnit Flug, Bank of Israel
     Author Pierre-Olivier Gourinchas, University of California, Berkeley
     Paper "Global real rates: a secular approach
     Presentation Global real rates: a secular approach
     Discussants Şebnem Kalemli-Özcan, University of Maryland, College Park
Discussion paper 
  Gianluca Benigno, London School of Economics and Political Science
Discussion paper
Wrap-up panel: Lessons from the Great Financial Crisis 
     Chair Agustín Carstens, Bank for International Settlements
     Panellists Mervyn King, former Governor, Bank of England
  Anne Le Lorier, former First Deputy Governor, Bank of France