Financial System and Macroeconomic Resilience : Revisited

On 25-26 June 2009, the BIS held its Eighth Annual Conference on "Financial System and Macroeconomic Resilience: Revisited" in Basel, Switzerland. The event brought together senior representatives of central banks and academic institutions who exchanged views on this topic. This volume contains the opening address of Stephen Cecchetti (Economic Adviser, BIS) and the contributions of the policy panel on "Lessons Learned from the Financial Crisis". The participants in the policy panel discussion, chaired by Jaime Caruana (General Manager, BIS), were William Dudley (Federal Reserve Bank of New York), Masaaki Shirakawa (Bank of Japan) and Nout Wellink (The Netherlands Bank). The papers presented at the conference and the discussants' comments are released as BIS Working Papers 301 ("http://ssrn.com/abstract=1599482" http://ssrn.com/abstract=1599482), 302 ("http://ssrn.com/abstract=1599483" http://ssrn.com/abstract=1599483), 303 ("http://ssrn.com/abstract=1599484" http://ssrn.com/abstract=1599484), 304 ("http://ssrn.com/abstract=1599486" http://ssrn.com/abstract=1599486), 305 ("http://ssrn.com/abstract=1599487" http://ssrn.com/abstract=1599487), 306 ("http://ssrn.com/abstract=1599489" http://ssrn.com/abstract=1599489)