14th BIS Annual Conference
26 June 2015, Palace Hotel, Lucerne, Switzerland
| Opening remarks: Jaime Caruana, Bank for International Settlements |
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| Session 1: | Banks and markets before and after the crisis |
| Chair: | Glenn Stevens, Reserve Bank of Australia |
| Author: | Gary Gorton, Yale School of Management (paper) (presentation) |
| Discussants: | Randall S Kroszner, University of Chicago Booth School of Business (presentation) Andrei Kirilenko, MIT Sloan School of Management (presentation) |
| Session 2: | Investor behaviour and the wider economy |
| Chair: | Lars Rohde, Danmarks Nationalbank |
| Author: | Andrei Shleifer, Harvard University (paper, presentation) |
| Discussants: | Philipp Hildebrand, BlackRock (paper) Richard Clarida, Columbia University (presentation) |
| Session 3: | Who provides market liquidity? |
| Chair: | Elvira Nabiullina, Central Bank of the Russian Federation |
| Author: | Bruno Biais, Toulouse School of Economics (paper) (presentation) |
| Discussants: | Arminio Fraga, Gávea Investments (paper) Francesco Papadia, Bruegel (paper) |
| Session 4: | Has technology changed the nature of risks in financial markets? |
| Chair: | Rodrigo Vergara, Central Bank of Chile |
| Author: | Andrew Lo, MIT Sloan School of Management (abstract) (presentation) |
| Discussants: | Darrell Duffie, Stanford University (presentation) Benoît Coeuré, European Central Bank (cancelled) |
| Wrap-up Panel: | Policy responses to a more interconnected financial system |
| Chair: | Agustín Carstens, Bank of Mexico |
| Panellists: | Raghuram Rajan, Reserve Bank of India Paul Tucker, Harvard Kennedy School (paper) |
| Official Dinner | |
| Keynote address: | John Kay, London School of Economics |