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The great financial crisis: lessons for financial stability and monetary policy - A colloquium in honour of Lucas Papademos

20-21 May 2010

After eight years of service as Vice-President of the European Central Bank, the mandate of Lucas Papademos will end on 31 May 2010. In order to honour his career both as a distinguished academic and as an eminent central banker, the ECB will host a two-day colloquium entitled “The great financial crisis: lessons for financial stability and monetary policy - A colloquium in honour of Lucas Papademos” in Frankfurt am Main on Thursday, 20 and Friday, 21 May 2010.

The colloquium will start at approximately 3.00 p.m. on 20 May 2010. The second day will start at 9.30 a.m. and finish at approximately 12:45 p.m.

Participation in the event is by invitation only. A pdf of the programme can be downloaded here.

Day 1 - Thursday, 20 May

2.30 p.m. Registration / coffee
3 p.m. Welcome address en
Jean-Claude Trichet (President, European Central Bank)
3.15 p.m. Session 1: The great financial crisis: lessons for financial stability policies
Chair: Vítor Constâncio (Governor, Banco de Portugal)

The great financial crisis: lessons for the design of central banks download
Presenter: Jaime Caruana (General Manager, Bank for International Settlements)
Discussant: Paul Tucker (Deputy Governor, Bank of England)

Macroprudential regulation: optimizing the currency area
Presenter: Markus K. Brunnermeier (Professor, Princeton University)
Discussant: Jürgen Stark (Member of the Executive Board, European Central Bank)
4.30 p.m. Coffee
4.45 p.m. Panel discussion
Chair: Alexandre Lamfalussy (Former President of the European Monetary Institute)

Stanley Fischer (Governor, Bank of Israel)
Charles Goodhart (Professor, London School of Economics)
Philipp Hildebrand (Chairman of the Governing Board, Swiss National Bank)
Erkki Liikanen(Governor, Suomen Pankki)
José Viñals (Financial Counsellor and Director Monetary and Capital Markets Department, International Monetary Fund)
6.45 p.m. Transfer from hotel to dinner venue
Meeting point: hotel lobby
7 p.m. Welcome reception
7.30 p.m. Dinner
Speeches by:
Jean-Claude Trichet, President, European Central Bank
Benjamin Friedman, Professor, Harvard University
Nout Wellink, President, De Nederlandsche Bank

Day 2 - Friday, 21 May

9.30 a.m. Session 2: The great financial crisis: lessons for monetary policy
Chair: Miguel Fernández Ordóñez (Governor, Banco de España)

The monetary pillar and the great financial crisis
Presenter: Jordi Galí (Professor, CREI and University Pompeu Fabra)
Discussant: Axel A. Weber (President, Deutsche Bundesbank)

Monetary policy lessons from the crisis download
Presenter: Athanasios Orphanides (Governor, Central Bank of Cyprus)
Discussant: Lucrezia Reichlin (Professor, London Business School)
10.45 a.m. Coffee
11.15 a.m. Panel discussion:
Chair: Andrew Crockett (President, JP Morgan Chase International)

Joaquín Almunia (Vice-President, European Commission)
Donald L. Kohn (Vice Chairman of the Board of Governors, Federal Reserve System)
Christian Noyer (Governor, Banque de France)
12.30 p.m. Concluding remarks:
Lucas D. Papademos (Vice-President, European Central Bank)
12.45 p.m. Buffet lunch
Conference venue Westin Grand Frankfurt
Konrad Adenauer Strasse 7
60313 Frankfurt am Main
Tel: +49 69 29810
Fax: +49 69 2981 810
Dinner venue Palais im Zoo
Bernhard-Grzimek-Allee 1
60316 Frankfurt am Main
Tel: +49 69 9435 080
Fax: +49 69 9435 0822
Conference language English
Dress Code Business attire
Transfers Participants are asked to organise their own transfers from and to the airport, unless informed otherwise Transport will be provided from the Westin Grand Frankfurt to the Palais im Zoo and back. Buses will be available at the front entrance of theWestin Grand from 6.45 p.m.
Programme The conference programme is subject to change without notice
Contacts Conference organisation
ECB Directorate Communications
Publishing, Events & Protocol Division
Selina Claridge
Events & Protocol Section
Tel: +49 69 1344 7552
Mobile: +49 170 229 2438

Press and Information Division
William Lelieveldt
Tel: +49 69 1344 7316
Mobile: +49 170 227 9090

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