{ "title": "$name", "publication": "IMF Seminars, January 1, 1901", "sourceUrl": "https://www.imf.org/zh/news/seminars/conferences/2016/12/31/financial-crises-causes-consequences-and-policy-responses", "canonical": "https://www.imf.org/zh/news/seminars/conferences/2016/12/31/financial-crises-causes-consequences-and-policy-responses", "overlayPath": "/zh/news/seminars/conferences/2016/12/31/financial-crises-causes-consequences-and-policy-responses/index.md", "summary": "$name 研讨会 $name The IMF has over the years analyzed extensively the causes and consequences of financial crises.", "publishDate": "0001-01-01", "sections": [ { "heading": "Conference purpose and scope", "content": "- The IMF has extensively analyzed the causes and consequences of financial crises and extracted lessons from past experiences, including from the most recent episode.\n- The conference reviewed:\n - Lessons on the antecedents of financial crises.\n - Policy responses in terms of bank, households, financial institutions, and sovereign restructurings.\n - Aftermaths of crises, covering banking, balance-of-payments, and sovereign crises.\n- Leading economists provided perspectives drawing on their work on financial crises." }, { "heading": "Event logistics and participation", "content": "- Date: Friday, September 14, 2012\n- Time: 2:15 p.m. - 4:00 p.m.\n- Venue: IMF Headquarters 2 (HQ2), Conference Hall 1 (1 A-820), 1900 Pennsylvania Avenue, NW, Washington, D.C.\n- Participation: Open to IMF and the World Bank Staff and members of academia and policy institutions.\n- Questions: For questions regarding the conference, send an e-mail HHwang@imf.org." }, { "heading": "Program and speakers", "content": "- 2:15–2:30 p.m.\n - Opening Remarks — David Lipton, Deputy Managing Director (IMF)\n- 2:30-3:00 p.m.\n - Keynote Address — Carmen Reinhart, John F. Kennedy School of Government, Harvard University, \"Lessons from Sovereign Crises\"\n- Panel (Chair: Olivier Blanchard, Economic Counsellor and Director of the Research Department (IMF))\n - Alan Taylor – University of Virginia, \"External Imbalances and Financial Crises\"\n - Hyun Shin – Princeton University, \"Procyclicality and the Search for Early Warning Indicators\"\n - José De Gregorio – Universidad de Chile, \"Resilience in Latin America: Lessons from Macroeconomic Management and Financial Policies\"\n- Conference organizers: Stijn Claessens, Luc Laeven, Ayhan Kose, and Fabián Valencia." }, { "heading": "Planned publication and editorial leadership", "content": "- The contributions by the conference authors, together with a selective set of IMF research pieces on financial crises, will be published in a book.\n- Editors: Stijn Claessens, M. Ayhan Kose, Luc Laeven and Fabián Valencia" }, { "heading": "Book contents (chapter list)", "content": "- Introduction and Overview of Financial Crises\n 1. Stijn Claessens and M. Ayhan Kose: Financial Crises: Explanations, Types, and Implications\n 2. Luc Laeven and Fabián Valencia: Systemic Banking Crises\n- Lessons on Crisis Management\n 3. Carmen Reinhart: Lessons from Sovereign Crises\n 4. Hyun Shin: Leverage Cycles around Financial Crises\n 5. Jose De Gregorio: Lessons from Financial Crises in Emerging Markets for Advanced Countries\n 6. Alan Taylor: Perspectives on the Role of Imbalances and External Factors for Financial Crises\n- Short-Run Effects: Crises, Recessions and Recoveries\n 7. Stijn Claessens, M. Ayhan Kose and Marco Terrones: The Recent Global Financial Crisis: How Similar? How Different? How Costly?\n 8. Marco E. Terrones, Alasdair Scott, and Prakash Kannan: From Recession to Recovery\n- Medium-term Effects: Economic Growth\n 9. Ravi Balakrishnan, Petya Koeva Brooks, Daniel Leigh, Irina Tytell, and Abdul Abiad: What's the Damage? Medium-term Effects of Crises\n 10. Abdul Abiad, Giovanni Dell’Ariccia, and Grace Li: Creditless Recoveries\n- Policy Measures to Prevent Booms, Mitigate Busts, and Avoid Financial Crises\n 11. Giovanni Dell’Ariccia, Deniz Igan, Luc Laeven and Hui Tong: Policies for Macrofinancial Stability: Options to Deal with Credit Booms\n 12. Chris Crowe, Giovanni Dell’Ariccia, Deniz Igan, and Pau Rabanal: Policies for Macroeconomic Stability: Managing Real Estate Booms and Busts\n 13. Luc Laeven and Fabián Valencia: Resolution of Banking Crises: The Good, the Bad, and the Ugly\n 14. Emanuele Baldacci, Sanjeev Gupta, and Carlos Mulas-Granados: How Effective is Fiscal Policy Response in Financial Crises?\n- Policy Measures to Mitigate Impact of Financial Crises and How to Restructure Banks, Sovereigns and Households\n 15. Augustin Landier and Kenichi Ueda: The Economics of Bank Restructuring: Understanding the Options\n 16. Stijn Claessens, Ceyla Pazarbasioglu, Luc Laeven, Marc Dobler, Fabián Valencia, Oana Nedelescu, and Katharine Seal: Crisis Management and Resolution: Early Lessons during the Global Financial Crisis\n 17. Luc Laeven and Thomas Laryea: Principles of Household Debt Restructuring\n 18. Deniz Igan, Daniel Leigh, John Simon, and Petia Topalova: Repairing Household Balance Sheets\n 19. Udaibir S. Das, Michael G. Papaioannou, and Christoph Trebesch: Sovereign Debt restructurings: A Survey, New Database, and Lessons on Sovereign Restructuring" } ], "bullets": [ "The IMF has extensively analyzed the causes and consequences of financial crises and extracted lessons from past experiences, including from the most recent episode.", "The conference reviewed:", "Leading economists provided perspectives drawing on their work on financial crises.", "Date: Friday, September 14, 2012", "Time: 2:15 p.m. - 4:00 p.m.", "Venue: IMF Headquarters 2 (HQ2), Conference Hall 1 (1 A-820), 1900 Pennsylvania Avenue, NW, Washington, D.C.", "Participation: Open to IMF and the World Bank Staff and members of academia and policy institutions.", "Questions: For questions regarding the conference, send an e-mail HHwang@imf.org.", "2:15–2:30 p.m.", "2:30-3:00 p.m.", "Panel (Chair: Olivier Blanchard, Economic Counsellor and Director of the Research Department (IMF))", "Conference organizers: Stijn Claessens, Luc Laeven, Ayhan Kose, and Fabián Valencia.", "The contributions by the conference authors, together with a selective set of IMF research pieces on financial crises, will be published in a book.", "Editors: Stijn Claessens, M. Ayhan Kose, Luc Laeven and Fabián Valencia", "Introduction and Overview of Financial Crises", "Lessons on Crisis Management", "Short-Run Effects: Crises, Recessions and Recoveries", "Medium-term Effects: Economic Growth", "Policy Measures to Prevent Booms, Mitigate Busts, and Avoid Financial Crises", "Policy Measures to Mitigate Impact of Financial Crises and How to Restructure Banks, Sovereigns and Households", "[Ch10pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch10pdf.pdf){rel=\"external\" type=\"application/pdf\"}", "[Ch11pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch11pdf.pdf){rel=\"external\" type=\"application/pdf\"}", "[Ch12pdf (PDF)](/-/media/websites/imf/imported-events/external/np/seminars/eng/2012/fincrises/pdf/_ch12pdf.pdf){rel=\"external\" type=\"application/pdf\"}", "[Ch13pdf 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