Conference – 2008
Lessons from the Financial Turmoil of 2007 and 2008
14–15 July 2008
The two-day conference examined the financial market turmoil
of 2007 and 2008 and the lessons that can be drawn for policy
makers across a number of dimensions. The papers and discussions
looked at the factors leading to the global financial market
turmoil and its effects on the financial system and the real
economy. There was an analysis of the role of disintermediation
and capital regulation and how best to encourage financial
innovation while mitigating risks. The role of central banks as
providers of liquidity was also addressed.
A volume, containing the conference papers and discussions, was published on 31 October 2008.
To order a hard copy of the volume, please complete the Publications Order Form.
Download the complete Volume [PDF 1M]
- Table of Contents [PDF 84K]
Paul Bloxham and Christopher Kent
The Unfolding Turmoil of 2007–2008: Lessons and Responses
Ben Cohen and Eli Remolona
Discussion [PDF 93K]
Richard Portes, Grant Spencer
Financial Innovation: What Have We Learnt?
Nigel Jenkinson, Adrian Penalver and Nicholas Vause
Discussion [PDF 95K]
Gerard Caprio, Paul Bide
The Sub-prime Crisis: Causal Distortions and Regulatory Reform
Adrian Blundell-Wignall and Paul Atkinson
Discussion [PDF 86K]
John Laker, Brian Cahill
Liquidity, Financial Crises and the Lender of Last Resort –
How Much of a Departure is the Sub-prime Crisis?
E Philip Davis
Discussion [PDF 67K]
Promoting Liquidity: Why and How?
Jonathan Kearns and Philip Lowe
Discussion [PDF 81K]
Recent Developments in Federal Reserve System Liquidity and Reserve Operations
Discussion [PDF 77K]
Satyajit Das and Malcolm Edey
- Biographies of Contributors [PDF 98K]
- List of Conference Participants [PDF 68K]