Apr 4

Past Event

The Subprime Crisis and its International Consequences: What happened and How to Avoid a Similar Crisis


On April 8, the Brookings Institution’s Center on the United States and Europe along with the Institut Montaigne and the Institut de l’entreprise hosted an international conference in Paris, “The Subprime Crisis and its International Consequences: What Happened and How to Avoid Similar Crises?”

With the problems in the subprime mortgage market having grown into a full-blown crisis of the international financial system, the conference brought together leading economists and practitioners to examine the questions of how this crisis happened and how to avoid a similar event in the future. The event featured such key figures as former Fed Chairman Paul Volcker, former French Prime Minister Michel Rocard, economists Martin Baily and Douglas Elmendorf of Brookings and Jean Tirole of Institut d’Économie Industrielle in Toulouse, and business leaders Michel Pébereau of BNP Paribas and Claude Bébéar of AXA and Institut Montaigne.

Event Agenda

  • Welcome

    • Claude Bébéar

      President, Institut Montaigne

    • Samuel Pisar

      Honorary Trustee, Brookings

  • Introductory Remarks

    • Michel Pébereau

      President, BNP Paribas and Institut de l’entreprise

  • Panel I - The Subprime Crisis: Origins and Implications

  • Keynote Address

    • The Honorable Paul Volcker

      Former Chairman, U.S. Federal Reserve

  • Panel II - Lessons and Prescriptions for the Future

    • Samuel Pisar

      Honorary Trustee, Brookings

    • Philippe Maniere

      Director, Institut Montaigne

    • Daniel Berger

      Managing Shareholder, Berger & Montague, PC

    • Bertrand Jacquillat

      Professor, Institut d’Études Politiques, Paris

    • Patrick Sayer

      Chairman of the Executive Board, Eurazeo

  • Closing Address

    • Michel Rocard

      Member of the European Parliament, Former Prime Minister of France


April 4, 2008

12:00 PM - 2:00 PM EDT

Institut Montaigne

38, rue Jean Mermoz


For More Information

Center on the United States and Europe

(202) 797-6105