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Global Financial Crisis Meeting, New York City 2008

The actual global financial crisis poses key challenges for policy-makers and regulators worldwide. How can financial and banking markets be saved, as well as reinvigorated, without putting excessive burden on taxpayers? How can negative impacts on the real economy be minimized? Most importantly, from a forward-looking perspective, how can regulation be reformed to reduce risks of future crises, while encouraging a financial sector that serves the real economy?
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In particular, how can incentives be modified to reduce excessive risk-taking, how can excessive leverage best be controlled in boom times, how to avoid overvalued assets during booms from feeding into leverage, and how comprehensive should the new regulation be? How can Basel II be modified to reduce systemic risk? How can speculative behavior best be curbed? Because financial and banking markets are increasingly global and interconnected, is global regulation essential? How can it best be agreed upon? How can it ensure adequate representation of increasingly important developing countries? This conference brought together very high-level regulators, leading academics, senior parliamentarians, the UN, civil society and the private sector to address todays most critical questions on the financial crisis, its management, and its implications for financial regulation.

  • Sean Baker
    Task Force Member
    Co-Director
    Center for Economic and Policy Research
  • Amar Bhattacharya
    Task Force Member
    Director
    G24 Secretariat
  • Patrick Bolton
    Task Force Member
    Barbara and David Zalaznick Professor of Business
    Columbia University Business School
  • Sara Burke
    Task Force Member
    Senior Policy Analyst
    Friedrich-Ebert-Stiftung New York
  • Christine Cummings
    Task Force Member
    Vice-President
    NY Federal Reserve Bank
  • Jane D’Arista
    Task Force Member
    Research Associate
    Political Economy Research Institute
  • Oscar de Rojas
    Task Force Member
    Director
    Financing for Development Office
    UN Department of Economic and Social Affairs
  • John Eatwell
    Task Force Member
    President of Queen’s College
    University of Cambridge
  • Hazem Fahmy
    Task Force Member
    Secretariat
    UN
  • James Galbraith
    Task Force Member
    Professor of Government, LBJ School of Public Affairs
    University of Texas
  • Sam Gindin
    Task Force Member
    Professor
    Political Science Department
    York University
  • Bruce Greenwald
    Task Force Member
    Professor
    Columbia University Graduate School of Business
  • Jo Marie Griesgraber
    Task Force Member
    Executive Director
    New Rules for Global Finance Coalition
  • Stephany Griffith-Jones
    Task Force Member
    Financial Markets Program Director
    Initiative for Policy Dialogue (IPD)
  • Thea Harvey
    Task Force Member
    Executive Director
    Economists for Peace and Security
  • Eric Helleiner
    Task Force Member
    CIGI Chair
    International Political Economy
    University of Waterloo
  • Maria Joao Rodrigues
    Task Force Member
    Associate
    Foundation for European Progressive Studies
  • Robert Johnson
    Task Force Member
    Junior Fellow
    Carnegie Endowment for International Peace
  • Jomo Kwame Sundaram
    Task Force Member
    Assistant Secretary General for Economic Development
    United Nations
  • Anush Kapadia
    Task Force Member
    Lecturer in International Politics
    Department of International Politics
    City University London
  • Sony Kapoor
    Task Force Member
    Executive Director
    Re-Define
  • Christian Kellerman
    Task Force Member
    Friedrich Ebert Stiftung
  • Stanislaw Kluza
    Task Force Member
    Chairman
    Polish Financial Supervision Authority
  • Hans-Helmut Kotz
    Task Force Member
    Member of the Board
    German Bundesbank
  • Justin Y. Lin
    Task Force Member
    Former Chief Economist and Senior Vice President, Development Economics
    The World Bank
  • Martin Mayer
    Task Force Member
    Guest Scholar
    The Brookings Institution
  • Matthieu Meaulle
    Task Force Member
    Consultant in Economics
    Foundation for European Progressive Studies
  • Hamid Mehran
    Task Force Member
    Assistant Vice President
    NY Federal Reserve Bank
  • Perry G. Mehrling
    Task Force Member
    Professor of Economics
    Barnard College
  • Manuel Montes
    Task Force Member
    Senior Advisor
    Finance and Development
    The South Centre
  • Edward Nell
    Task Force Member
    Professor
    Economics
    New School for Social Research
  • Paulo Nogueira Batista, Jr.
    Task Force Member
    Executive Director
    Brazil, Colombia, Dominican Republic, Ecuador, Guyana, Haiti, Panama, Suriname, and Trinidad and Tobago
    International Monetary Fund
  • Akbar Noman
    Task Force Member
    Senior Policy Fellow
    Initiative for Policy Dialogue (IPD)
  • José Antonio Ocampo
    Task Force Member
    Professor of Professional Practice at Columbia University and former Minister of Finance of Colombia
    Columbia University
  • Arturo O’Connell
    Task Force Member
    Member
    Board of Directors
    Central Bank of Argentina
  • Ray Offenheiser
    Task Force Member
    President
    Oxfam America
  • Avinash Persaud
    Task Force Member
    Founder and Chairman
    Intelligence Capital Limited, Warwick Commission
  • Werner Puschra
    Task Force Member
    Executive Director
    Friedrich Ebert Stiftung New York
  • Poul Nyrup Rasmussen
    Task Force Member
    President
    Party of European Socialists
  • Sanjay Reddy
    Task Force Member
    Associate Professor of Economics
    The New School
  • Christopher Rude
    Task Force Member
    Instructor
    Graduate Program in International Affairs
    New School
  • Alpo Rusi
    Task Force Member
    Ambassador
    Office of the President
    United Nations General Assembly
  • Jesús Saurina Salas
    Task Force Member
    Director
    Financial Stability Department
    Bank of Spain
  • Benu Schneider
    Task Force Member
    Research Fellow
    Overseas Development Institute
  • Frank Schroeder
    Task Force Member
    Senior Economist
    Friedrich Ebert Stiftung New York
  • Willi Semmler
    Task Force Member
    Professor
    Economics
    New School for Social Research
  • Krishnan Sharma
    Task Force Member
    Economist, Financing for Development
    United Nations Department of Economic and Social Affairs
  • Damon A. Silvers
    Task Force Member
    Associate General Counsel
    American Federation of Labor and Congress of Industrial Organizations (AFL-CIO)
  • Ernst Stetter
    Task Force Member
    Secretary General
    Foundation for European Progressive Studies
  • Joseph Stiglitz
    Task Force Member
    President
    Initiative for Policy Dialogue (IPD)
  • Philip Turner
    Task Force Member
    Deputy Head
    Monetary and Economic Department
    Bank of International Settlements
  • Ieke Van Den Burg
    Task Force Member
    Member
    European Parliament
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