Financial System and Macroeconomic Resilience: Revisited

43 Pages Posted: 31 Oct 2010 Last revised: 2 Mar 2012

See all articles by Stephen G. Cecchetti

Stephen G. Cecchetti

Brandeis International Business School; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

William Dudley

Federal Reserve Bank of New York

Masaaki Shirakawa

Bank of Japan - Institute of Monetary and Economic Studies

Joseph E. Stiglitz

Columbia Business School - Finance and Economics; National Bureau of Economic Research (NBER)

Nout Wellink

affiliation not provided to SSRN

Date Written: September 1, 2010

Abstract

On 25-26 June 2009, the BIS held its Eighth Annual Conference on "Financial System and Macroeconomic Resilience: Revisited" in Basel, 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 of Stephen Cecchetti (Economic Adviser, BIS) and the contributions of the policy panel on "Lessons Learned from the Financial Crisis". The participants in the policy panel discussion, chaired by Jaime Caruana (General Manager, BIS), were William Dudley (Federal Reserve Bank of New York), Masaaki Shirakawa (Bank of Japan) and Nout Wellink (The Netherlands Bank). The papers presented at the conference and the discussants' comments are released as BIS Working Papers 301 (http://ssrn.com/abstract=1599482), 302 (http://ssrn.com/abstract=1599483), 303 (http://ssrn.com/abstract=1599484), 304 (http://ssrn.com/abstract=1599486), 305 (http://ssrn.com/abstract=1599487), 306 (http://ssrn.com/abstract=1599489).

Suggested Citation

Cecchetti, Stephen G. and Dudley, William and Shirakawa, Masaaki and Stiglitz, Joseph E. and Wellink, Nout, Financial System and Macroeconomic Resilience: Revisited (September 1, 2010). BIS Paper No. 53; Columbia Business School Research Paper No. 12-16. Available at SSRN: https://ssrn.com/abstract=1699600

Stephen G. Cecchetti (Contact Author)

Brandeis International Business School ( email )

415 South Street
Waltham, MA 02453
United States

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
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212-720-8629 (Phone)
212-720-2630 (Fax)

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

William Dudley

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Masaaki Shirakawa

Bank of Japan - Institute of Monetary and Economic Studies ( email )

2-1-1, Hongoku-cho
Nihonbashi
Chuo-ku, Tokyo, 103
Japan

Joseph E. Stiglitz

Columbia Business School - Finance and Economics ( email )

3022 Broadway
814 Uris Hall
New York, NY 10027
United States
(212) 854-0671 (Phone)
(212) 662-8474 (Fax)

HOME PAGE: http://www.josephstiglitz.com

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Nout Wellink

affiliation not provided to SSRN

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