The future of central banking under post-crisis mandates

BIS Papers No 55
January 2011

On 24-25 June 2010, the BIS held its Ninth Annual Conference, on "The future of central banking under post-crisis mandates" in Lucerne, Switzerland. The event brought together senior representatives of central banks and academic institutions who exchanged views on this topic. This volume contains the opening address by Stephen Cecchetti (Economic Adviser, BIS), a keynote address by Baron Alexandre Lamfalussy, and the contributions of the policy panel on "Do central bank governance arrangements need to be altered?". The participants in the policy panel discussion, chaired by Jaime Caruana (General Manager, BIS), were Mark Carney (Bank of Canada), Andrew Crockett (JPMorgan Chase International), Stefan Ingves (Sveriges Riksbank), Lucas Papademos (former Vice-President, ECB) and Duvvuri Subbarao (Reserve Bank of India). The papers presented at the conference and the discussants' comments were released as BIS Working Papers 326 to 331.

JEL classification: E50, E58, E59, E61, G01, G28

The individual research papers and the discussants' comments presented at this conference are published as BIS Working Papers:

The changing role of central banks, BIS Working Papers No 326
by Charles Goodhart
Comments by Stanley Fischer and Randall S Kroszner

Central banks: between internationalisation and domestic political control, BIS Working Papers No 327
by Harold James
Comments by Már Gudmundsson and Gianni Toniolo

The Federal Reserve, the Bank of England and the rise of the dollar as an international currency, 1914-39, BIS Working Papers No 328
by Barry Eichengreen and Marc Flandreau
Comments by Robert O Keohane and Leszek Balcerowicz

The governance of financial regulation: reform lessons from the recent crisis, BIS Working Papers No 329
by Ross Levine
Comments by Howard Davies and Gill Marcus

Minimising monetary policy, BIS Working Papers No 330
by Peter Stella
Comments by José De Gregorio and Marc Flandreau

Central banks and competition authorities: institutional comparisons and new concerns, BIS Working Papers No 331
by John Vickers