The Future of Financial Globalisation

Abstract

The BIS 11th Annual Conference took place in Lucerne, Switzerland on 21-22 June 2012. The event brought together senior representatives of central banks and academic institutions, who exchanged views on the conference theme of "The future of financial globalisation". This volume contains the opening address of Stephen Cecchetti (Economic Adviser, BIS), a keynote address from Amartya Sen (Harvard University), and the available contributions of the policy panel on "Will financial globalisation survive?". The participants in the policy panel discussion, chaired by Jaime Caruana (General Manager, BIS), were Ravi Menon (Monetary Authority of Singapore), Jacob Frenkel (JP Morgan Chase International) and José Dario Uribe Escobar (Banco de la Repubblica).

While the full publication can be downloaded by using the above link, accompanying working papers are available separately as a part of the BIS Working Paper Series:

Financial Globalisation and the Crisis

The Great Leveraging

Global Safe Assets

Capital Flows and the Risk-Taking Channel of Monetary Policy

Keywords: Capital flows, exchange rate appreciation, credit booms

JEL Classification: F32, F33, F34