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Global Financial Crisis Meeting, New York City 2008

November 13, 2008

Columbia University   New York City, New York, United States

Agenda  75kb pdf
Meeting Report  43kb pdf

The actual global financial crisis poses key challenges for policy-makers and regulators worldwide. How can financial and banking markets be saved, as well as reinvigorated, without putting excessive burden on taxpayers? How can negative impacts on the real economy be minimized? Most importantly, from a forward-looking perspective, how can regulation be reformed to reduce risks of future crises, while encouraging a financial sector that serves the real economy?

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In particular, how can incentives be modified to reduce excessive risk-taking, how can excessive leverage best be controlled in boom times, how to avoid overvalued assets during booms from feeding into leverage, and how comprehensive should the new regulation be? How can Basel II be modified to reduce systemic risk? How can speculative behavior best be curbed? Because financial and banking markets are increasingly global and interconnected, is global regulation essential? How can it best be agreed upon? How can it ensure adequate representation of increasingly important developing countries? This conference brought together very high-level regulators, leading academics, senior parliamentarians, the UN, civil society and the private sector to address todays most critical questions on the financial crisis, its management, and its implications for financial regulation.

  • Dean Baker
    Task Force Member
    Co-Director
    Center for Economic and Policy Research
  • Amar Bhattacharya
    Task Force Member
    Director
    G24 Secretariat
  • Patrick Bolton
    Task Force Member
    Barbara and David Zalaznick Professor of Business
    Columbia University Business School
  • Sara Burke
    Task Force Member
    Senior Policy Analyst
    Friedrich-Ebert-Stiftung New York
  • Christine Cummings
    Task Force Member
    Vice-President
    NY Federal Reserve Bank
  • Jane D'Arista
    Task Force Member
    Research Associate
    Political Economy Research Institute
  • Oscar de Rojas
    Task Force Member
    Director
    Financing for Development Office
    UN Department of Economic and Social Affairs
  • John Eatwell
    Task Force Member
    President of Queen's College
    University of Cambridge
  • Hazem Fahmy
    Task Force Member
    Secretariat
    UN
  • James Galbraith
    Task Force Member
    Professor of Government, LBJ School of Public Affairs
    University of Texas
  • Sam Gindin
    Task Force Member
    Professor
    Political Science Department
    York University
  • Bruce Greenwald
    Task Force Member
    Professor
    Columbia University Graduate School of Business
  • Jo Marie Griesgraber
    Task Force Member
    Executive Director
    New Rules for Global Finance Coalition
  • Stephany Griffith-Jones
    Task Force Member
    Financial Markets Program Director
    Initiative for Policy Dialogue (IPD)
  • Thea Harvey
    Task Force Member
    Executive Director
    Economists for Peace and Security
  • Eric Helleiner
    Task Force Member
    CIGI Chair
    International Political Economy
    University of Waterloo
  • Maria Joao Rodrigues
    Task Force Member
    Associate
    Foundation for European Progressive Studies
  • Robert Johnson
    Task Force Member
    Junior Fellow
    Carnegie Endowment for International Peace
  • Jomo Kwame Sundaram
    Task Force Member
    Assistant Secretary General for Economic Development
    United Nations
  • Anush Kapadia
    Task Force Member
    Lecturer in International Politics
    Department of International Politics
    City University London
  • Sony Kapoor
    Task Force Member
    Executive Director
    Re-Define
  • Christian Kellerman
    Task Force Member
    Friedrich Ebert Stiftung
  • Stanislaw Kluza
    Task Force Member
    Chairman
    Polish Financial Supervision Authority
  • Hans-Helmut Kotz
    Task Force Member
    Member of the Board
    German Bundesbank
  • Justin Y. Lin
    Task Force Member
    Former Chief Economist and Senior Vice President, Development Economics
    The World Bank
  • Martin Mayer
    Task Force Member
    Guest Scholar
    The Brookings Institution
  • Matthieu Meaulle
    Task Force Member
    Consultant in Economics
    Foundation for European Progressive Studies
  • Hamid Mehran
    Task Force Member
    Assistant Vice President
    NY Federal Reserve Bank
  • Perry G. Mehrling
    Task Force Member
    Professor of Economics
    Barnard College
  • Manuel Montes
    Task Force Member
    Senior Advisor
    Finance and Development
    The South Centre
  • Edward Nell
    Task Force Member
    Professor
    Economics
    New School for Social Research
  • Paulo Nogueira Batista, Jr.
    Task Force Member
    Executive Director
    Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, and Trinidad and Tobago
    International Monetary Fund
  • Akbar Noman
    Task Force Member
    Senior Policy Fellow
    Initiative for Policy Dialogue (IPD)
  • José Antonio Ocampo
    Task Force Member
    Co-President
    Initiative for Policy Dialogue (IPD)
  • Arturo O'Connell
    Task Force Member
    Member
    Board of Directors
    Central Bank of Argentina
  • Ray Offenheiser
    Task Force Member
    President
    Oxfam America
  • Avinash Persaud
    Task Force Member
    Founder and Chairman
    Intelligence Capital Limited, Warwick Commission
  • Werner Puschra
    Task Force Member
    Executive Director
    Friedrich Ebert Stiftung New York
  • Poul Nyrup Rasmussen
    Task Force Member
    President
    Party of European Socialists
  • Sanjay Reddy
    Task Force Member
    Associate Professor of Economics
    The New School
  • Christopher Rude
    Task Force Member
    Instructor
    Graduate Program in International Affairs
    New School
  • Alpo Rusi
    Task Force Member
    Ambassador
    Office of the President
    United Nations General Assembly
  • Jesús Saurina Salas
    Task Force Member
    Director
    Financial Stability Department
    Bank of Spain
  • Benu Schneider
    Task Force Member
    Research Fellow
    Overseas Development Institute
  • Frank Schroeder
    Task Force Member
    Senior Economist
    Friedrich Ebert Stiftung New York
  • Willi Semmler
    Task Force Member
    Professor
    Economics
    New School for Social Research
  • Krishnan Sharma
    Task Force Member
    Economist, Financing for Development
    United Nations Department of Economic and Social Affairs
  • Damon A. Silvers
    Task Force Member
    Associate General Counsel
    American Federation of Labor and Congress of Industrial Organizations (AFL-CIO)
  • Ernst Stetter
    Task Force Member
    Secretary General
    Foundation for European Progressive Studies
  • Joseph Stiglitz
    Task Force Member
    Co-President
    Initiative for Policy Dialogue (IPD)
  • Philip Turner
    Task Force Member
    Deputy Head
    Monetary and Economic Department
    Bank of International Settlements
  • Ieke Van Den Burg
    Task Force Member
    Member
    European Parliament
Responding to the Financial Crisis: An Agenda for Global Action

123kb pdf
José Antonio Ocampo,
Amar Bhattacharya,
Kemal Derviş

Economic Development and the New Order in the International Financial System

61kb pdf
Roberto Frenkel,
Martin Rapetti

Policy and Security Implications of the Financial Crisis: A Plan for America

162kb pdf
James Galbraith

Memorandum on a New Financial Architecture and New Regulations

70kb pdf
Deepak Nayyar,
Edward Nell,
Willi Semmler,
Teresa Ghilarducci,
Stefan Mittnik,
Eckhard Platen,
Raphaele Chappe

Global Financial Crisis: How Can We Prevent a Major Social Crisis?

30kb pdf
José Antonio Ocampo,
Stephany Griffith-Jones,
Sara Burke

Key Principles for Financial Reforms that G-20 Leaders Should Implement

35kb pdf
José Antonio Ocampo,
Stephany Griffith-Jones,
Sara Burke

The Urgency of Reforming Financial Regulation Now

13kb pdf
Stephany Griffith-Jones

Crisis and Response, The Story So Far: Five Regulatory Agendas in Search of an Outcome

173kb pdf
Eric Helleiner

Credit Cycles, Credit Risk, and Prudential Regulation

333kb pdf
Gabriel Jiménez,
Jesús Saurina

Europe’s Leverage in Financial Market Regulation

163kb pdf
Christian Kellerman

Recapitalising the Banks Is Not Enough

35kb pdf
Perry G. Mehrling,
Laurence Kotlikoff,
Alastair Milne

New Financial Markets in Euroland: On Conceiving and Implementing a Blueprint

56kb pdf
Hans-Helmut Kotz

US Financial Market Crisis: What’s Next?

58kb pdf
Matthieu Meaulle

The Global Financial Crisis: What Needs To Be Done?

864kb pdf
Christopher Rude

A New Balance between Market and State: Traffic Rules for International Financial Markets

42kb pdf
Peer Steinbrück

A Social Democratic Response to the Financial Crisis

14kb pdf
Joseph Stiglitz

Social Democratic Principles: Towards a New Financial Architecture

54kb pdf
Joseph Stiglitz

Testimony before the House Committee on Financial Services

64kb pdf
Joseph Stiglitz

The Financial Crisis of 2007/2008 and Its Macroeconomic Consequences

128kb pdf
Joseph Stiglitz

Towards A New Global Economic Compact: Principles for Addressing the Current Global Financial Crisis and Beyond

26kb pdf
Joseph Stiglitz

Event Information

Type Meeting
Program Financial Markets Reform