Slideshow: Preventing the Next Financial Crisis
Dean Glenn Hubbard welcomes guests at the research symposium, which was held at Columbia's Italian Academy.
Michelle White, professor of economics at the University of California, San Diego, spoke on the panel “The Credit Crisis: What Happened?” Also speaking on the panel were Pierre Collin-Dufresne, the Carson Family Professor of Business at Columbia Business School, Christopher Mayer, senior vice dean and the Paul Milstein Professor of Real Estate at Columbia Business School, Markus Brunnermeier, the Edwards S. Sanford Professor of Economics at Princeton University, and Patrick Bolton, the Barbara and David Zalaznick Professor of Business at Columbia Business School.
Bengt Holmstrom, the Paul A. Samuelson Professor of Economics at the Massachusetts Institute of Technology, responded to an audience question on the panel "The Role of the Federal Reserve, Treasury, and SEC."
Frederic Mishkin, the Alfred Lerner Professor of Banking and Financial Institutions at Columbia Business School delivered the keynote presentation, "The Federal Reserve Liquidity Policy during the Subprime Meltdown."
Charles Calomiris, the Henry Kaufman Professor of Financial Institutions at Columbia Business School, presented his research on, "Bank Regulation, SEC, and the Federal Reserve."
Wei Jiang, the Sidney Taurel Associate Professor of Business at Columbia Business School, moderated the panel on National Regulation. Other panelists included Stephan Meier, assistant professor at Columbia Business School, David Skeel, the S. Samuel Arsht Professor of Corporate Law at University of Pennsylvania Law School, and Charles Calomiris, the Henry Kaufman Professor of Financial Institutions at Columbia Business School.
Howard Rosenthal, professor of politics at New York University and the Roger Williams Straus Professor of Social Sciences, Emeritus, at Princeton University, delivered his presentation on, "The Political Economy of Choosing Winners and Losers in Regulatory Intervention."
Erik Berglof, chief economist and special adviser to the president with the European Bank for Reconstruction and Development, spoke on the panel on Global and Comparative Regulation.
Chrystia Freeland, U.S. managing editor at the Financial Times, spoke on the final panel of the day, "The View from the Press."
Floyd Norris, '83, chief financial correspondent at The New York Times, spoke on the panel, "The View From the Press." Other panelists included Matthew Bishop, chief business writer and U.S. business editor at The Economist, and Chrystia Freeland, U.S. managing editor of The Financial Times. Bruce Kogut, the Sanford C. Bernstein & Co. Professor of Leadership and Ethics at Columbia Business School, moderated the panel discussion.