Since the 2008 financial crisis, “macroprudential” policy has taken on much greater importance. These policies view the financial system as a whole and use regulation to lower the frequency and size of financial bubbles and limit the damage caused by their bursting. José Viñals, financial counselor to IMF Managing Director Christine Lagarde, will present the IMF's views on how nations can best design and operate macroprudential policies and how the IMF and other international bodies can assist in global coordination of these policies.
On September 16, the Economic Studies program at Brookings will discuss the importance of macroprudential policy. Following Viñals, Donald Kohn, senior fellow in Economic Studies at Brookings, and Charles Taylor, deputy comptroller of the currency, will present their reactions to the IMF comments and discuss their own views of macroprudential policy. They will be joined on a panel discussion afterwards with Senior Financial Sector Expert Erlend Nier. Douglas Elliott, fellow in Economic Studies, will serve as moderator and will also present some views on the topic.
After the program, speakers will take audience questions.
Introduction and Overview
Douglas J. Elliott
Fellow The Brookings Institution
The IMF and Macroprudential Policy
José Viñals Financial Counselor and Director Monetary and Capital Markets Department International Monetary Fund
Erlend W. Nier Senior Financial Sector Expert, Monetary and Capital Markets Department International Monetary Fund
Senior Fellow The Brookings Institution
Charles Taylor Deputy Comptroller for Capital and Regulatory Policy Office of the Comptroller of the Currency
Monday, September 16, 2013 9:30 AM - 11:30 AM
The Brookings InstitutionFalk Auditorium1775 Massachusetts Ave., NWWashington, District of Columbia 20036