The Future of Central Banking Under Post-Crisis Mandates

Cecchetti, Stephen G.; Lamfalussy, Alexandre; Caruana, Jaime; Carney, Mark J.; Crockett, Andrew; Papademos, Lucas; Subbarao, Duvvuri

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The Future of Central Banking Under Post-Crisis Mandates

BIS Paper No. 55

46 Pages Posted: 2 Dec 2011

See all articles by Stephen G. Cecchetti

Stephen G. Cecchetti

National Bureau of Economic Research (NBER); Brandeis International Business School; Centre for Economic Policy Research (CEPR); European Systemic Risk Board

Alexandre Lamfalussy

Bank for International Settlements (BIS)

Jaime Caruana

Bank for International Settlements (BIS)

Duvvuri Subbarao

affiliation not provided to SSRN

Date Written: January 1, 2011

Abstract

On 24-25 June 2010, the BIS held its Ninth Annual Conference, on "The future of central banking under post-crisis mandates" in Lucerne, 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 by Stephen Cecchetti (Economic Adviser, BIS), a keynote address by Baron Alexandre Lamfalussy, and the contributions of the policy panel on "Do central bank governance arrangements need to be altered?". The participants in the policy panel discussion, chaired by Jaime Caruana (General Manager, BIS), were Mark Carney (Bank of Canada), Andrew Crockett (JPMorgan Chase International), Stefan Ingves (Sveriges Riksbank), Lucas Papademos (former Vice-President, ECB) and Duvvuri Subbarao (Reserve Bank of India). The papers presented at the conference and the discussants' comments were released as BIS Working Papers 326 to 331.

JEL Classification: E50, E58, E59, E61, G01, G28

Suggested Citation: Suggested Citation

Cecchetti, Stephen G. and Cecchetti, Stephen G. and Lamfalussy, Alexandre and Caruana, Jaime and Carney, Mark J. and Crockett, Andrew and Papademos, Lucas and Subbarao, Duvvuri, The Future of Central Banking Under Post-Crisis Mandates (January 1, 2011). BIS Paper No. 55, Available at SSRN: https://ssrn.com/abstract=1959849