Cato Institute 26th Annual Monetary Conference
Lessons from the Subprime Crisis
Wednesday, November 19, 2008
F.A. Hayek Auditorium
Cato Institute
8:00 a.m. – 5:00 p.m.
Featured Speakers
| Donald L. Kohn Vice Chairman, Board of Governors, Federal Reserve System |
Anna J. Schwartz Research Associate, National Bureau of Economic Research |
Otmar Issing Former Member, Executive Board European Central Bank |
Jeffrey M. Lacker President, Federal Reserve Bank of Richmond |
William Poole former President, Federal Reserve Bank of St. Louis |
Cato’s 26th Annual Monetary Conference will provide an in-depth treatment of the Lessons from the Subprime Crisis, which some view as the worst financial crisis since the Great Depression. Leading experts will discuss the underlying causes of the loss of confidence, particularly the policies that contributed to the subprime crisis and the reforms needed to avoid future turmoil in financial markets.
Issues to be discussed at this year’s monetary conference include:
- What responsibility does the Fed have for the subprime crisis?
- What are the limits of monetary policy?
- How can financial and monetary rules be improved to reduce moral hazard and improve financial stability?
- Can the Fed prevent asset bubbles?
Please join our distinguished speakers on November 19 at the Cato Institute to discuss what can be learned form the U.S. subprime crisis and how best to avoid future financial crises by improving the policy framework and strengthening private markets. Register by October 20 to ensure your place at this important event and to take advantage of the early registration fee.
Space is limited.
Conference Schedule
| 8:00 — 9:00 a.m. | Registration — F. A. Hayek Auditorium Foyer |
| 9:00 — 9:10 a.m. | Welcoming Remarks — F. A. Hayek Auditorium James A. Dorn Vice President for Academic Affairs, Cato Institute |
| 9:10 — 10:00 a.m. | Keynote Address Donald L. Kohn Vice Chairman, Board of Governors, Federal Reserve System Download video of the Panel Discussion |
| 10:00 — 11:15 a.m. |
Panel 1: Asset Market Bubbles and Fed Policy Download video of the Panel Discussion |
| 11:30 a.m. — 12:45 p.m. | Panel 2: Financial Innovation and Monetary Policy Moderator: Alan Reynolds Senior Fellow, Cato Institute Brian S. Wesbury Chief Economist, First Trust Portfolios, L.P Charles W. Calomiris Henry Kaufman Professor of Financial Institutions Columbia University Roger Garrison Professor of Economics, Auburn University Bert Ely President, Ely & Company, Inc. Download video of the Panel Discussion |
| 12:45 — 1:30 p.m. | Luncheon — Wintergarden |
| 1:30 — 2:15 p.m. |
Luncheon Address — F. A. Hayek Auditorium Download video of the Panel Discussion |
| 2:15 — 3:30 p.m. | Panel 3: Moral Hazard and the Limits of Monetary Policy Moderator: Mickey D. Levy Chief Economist, Bank of America Wolfgang Münchau Associate Editor, Financial Times Andrew Samwick Professor of Economics, Dartmouth College Gerald P. O’Driscoll Jr. Senior Fellow, Cato Institute Kevin Dowd Professor of Financial Risk Management Nottingham University Download video of the Panel Discussion |
| 3:30 — 3:45 p.m. | Break |
| 3:45 — 5:00 p.m. |
Panel 4: The Way Forward Download video of the Panel Discussion |
| 5:00 — 6:00 p.m. |
Reception |