FINANCIAL INTERMEDIATION AND PAYMENTS: IS INSTABILITY INEVITABLE?
Friday, February 11, 2011
| 1:00 - 1:15 | Welcome |
| 1:15 - 2:15 | Rob Townsend (MIT), " Monetary Theory and Electronic Money: Reflections on the Kenyan Experience" |
| 2:15 - 3:15 | Ed Green(Penn State)," Bailouts" |
| 3:15 - 3:45 | Break, refreshments |
| 3:45 - 4:45 | Warren Weber (FRB Mpls), " Bank Liability Insurance Schemes in the U.S. Before 1865" |
| 4:45 - 5:45 | Lee Ohanian (UCLA), "Banking Crises and Depression" |
Saturday, February 12, 2011
| 10:00- 11:00 | Todd Keister (NYU), TBD |
| 11:00 - 12:00 | Veronica Guerrieri (Chicago), " Credit Crises, Precautionary Savings and the Liquidity Trap" |
| 12:00 - 1:00 | Lunch |
| 1:00 - 2:00 | Gary Gorton (Yale), " Collateral Crises" |
| 2:00 - 3:00 | Steve Williamson (Washington University at St. Louis), " Liquidity, Financial Intermediations, and Monetary Policy in a New Monetarist Model" |
| 3:00 - 3:30 | Break |
| 3:30 - 4:30 | Bob Lucas (University of Chicago), "Models of Bank Runs" Below is background readings for Lucas' lecture: Andrew Atkeson, NBER Macroeconomics Annual, Vol. 15 (2000) pp. 162-717 Stephen Morris and Hyun Song Shin, NBER Macroeconomics Annual, Vol. 15 (2000) pp.139-161 |