Maintaining Financial Stability in a Global Economy

A symposium sponsored by the Federal Reserve Bank of Kansas City
Jackson Hole, Wyoming
August 28-30, 1997

• Foreword
  THOMAS M. HOENIG
  President, Federal Reserve Bank of Kansas City

• The Contributors

• Symposium Summary

• Opening Remarks
  ALAN GREENSPAN
  Chairman, Board of Governors of the Federal Reserve System

• Why Is Financial Stability a Goal of Public Policy?
  ANDREW CROCKETT
  General Manager, Bank for International Settlements

• Commentary
  STANLEY FISCHER
  First Deputy Managing Director, International Monetary Fund

• General Discussion

• The Causes and Propagation of Financial Instability: Lessons for Policymakers
  FREDERIC S. MISHKIN
  Professor, Columbia University

• Commentary
  MORRIS GOLDSTEIN
  Senior Fellow, Institute for International Economics

• General Discussion

• What Lessons Can Be Learned From Recent Financial
  Crises? The Swedish Experience
  URBAN BACKSTROM
  Governor, Bank of Sweden

• The Argentine Experience
  PEDRO POU
  President, Central Bank of Argentina

• The Japanese Experience
  YOSHIO SUZUKI
  Member, House of Representatives, Japan

• General Discussion

• Promoting Financial Stability in the Transition Economies of Central and Eastern Europe
  VACLAV KLAUS
  Prime Minister, Czech Republic

• Managing Financial Crises in Emerging Markets
  BARRY EICHENGREEN
  Professor, University of California-Berkeley
  RICHARD PORTES
  Director, Centre for Economic Policy Research, Professor, London Business School

• Commentary
  JEAN-JACQUES REY
  Executive Director, Bank of Belgium

• Commentary
  JEFFREY SACHS
  Professor, Harvard University

• General Discussion

• Institutions and Policies for Maintaining Financial Stability
  ROBERT E. LITAN
  Director, Economic Studies, The Brookings Institute

• Commentary
  RANDALL S. KROSZNER
  Professor, University of Chicago

• General Discussion

Overview Panelists

• MARTIN FELDSTEIN
  President, National Bureau of Economic Research
• EDWARD A.J. GEORGE
  Governor, Bank of England
• JEAN-CLAUDE TRICHET
  Governor, Bank of France

• General Discussion

• The Participants

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