Per Jacobsson Lecture

Per Jacobsson Lecture

Author: Mr.Timothy Geithner

Publisher: International Monetary Fund

Published: 2017-10-10

Total Pages: 54

ISBN-13: 1484325885

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The choices we make in advance of the next financial crisis will have a major impact in determining the magnitude of the economic damage. Our vulnerability to crisis depends on the strength of the protections we build into the financial system through prudential regulation, as well as on the degrees of freedom we create for ourselves to respond to the unanticipated, and the knowledge and experience we bring in managing crises. Is the financial system safer today? With the reforms now in place and with the memory of the crisis still fresh, how confident should we feel about the resilience of the financial system and our ability to protect the US economy from a major financial crisis? Warburg Pincus President and former US Secretary of the Treasury Timothy Geithner attempts to answer these questions in his October 2016 Per Jacobsson Lecture.


Per Jacobsson Lecture

Per Jacobsson Lecture

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2011-10-14

Total Pages: 68

ISBN-13: 1463904347

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This paper describes a financial system that should be adopted for the 21st century. The paper highlights that the financial crisis of 2008 has raised fundamental questions about how the financial industry is structured, managed, and regulated. The paper discusses that a well-functioning financial system plays an essential role in generating high levels of saving, promoting the efficient allocation of investment, and smoothing economic fluctuations stemming from nonfinancial causes. By facilitating informed risk taking, it is a key element in achieving optimal levels of productivity growth and rising living standards.


Per Jacobsson Lecture

Per Jacobsson Lecture

Author: International Monetary Fund. External Relations Dept.

Publisher: International Monetary Fund

Published: 2013-03-25

Total Pages: 40

ISBN-13: 1616355255

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The future of finance, and in particular saving it from a popular backlash against the global financial crisis and related crisis management policies, has become a matter of great concern. In this brochure, which presents in written form a lecture from the Per Jacobsson Foundation’s lecture series, former Reserve Bank of India Governor Y. V. Reddy explores three interrelated issues of particular concern to central bankers in the search for good finance for the future: how to ensure that the financial sector serves the society better, how to integrate financial sector policies better with national economic policies, and how to ensure that the financial industry functions as a means and not as an end in itself. The question-and-answer session following the lecture is also included in the brochure.


Per Jacobsson Lecture

Per Jacobsson Lecture

Author: International Monetary Fund. Communications Department

Publisher: International Monetary Fund

Published: 2015-04-08

Total Pages: 30

ISBN-13: 149834254X

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As the Federal Reserve’s statutory objectives are defined as specific goals for the U.S. economy—to pursue maximum sustainable employment and price stability—and its policy decisions are targeted to achieve these dual objectives, there might seem to be little need for its policymakers to pay attention to developments outside the United States. But such an inference would be incorrect: the state of the U.S. economy is significantly affected by the state of the world economy, and of course, actions taken by the Federal Reserve influence economic conditions abroad, which in turn spill back on the evolution of the U.S. economy and therefore must be taken into account in the Federal Reserve’s monetary policy choices. This Per Jacobsson Lecture first reviews the effect of the Federal Reserve’s monetary policies on the rest of the global economy, particularly emerging market economies. It then addresses prospective outcomes and possible risks associated with the normalization of the Federal Reserve’s policies. Finally, it discusses the Federal Reserve’s responsibilities in the world economy.


Per Jacobsson Lecture

Per Jacobsson Lecture

Author: Ms.Carmen Reinhart

Publisher: International Monetary Fund

Published: 2017-09-18

Total Pages: 44

ISBN-13: 148432093X

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Latin America: Outlook and Challenges Ahead