Oct 16

Past Event

Brookings-Tokyo Club-Wharton Conference


On October 16, the Brookings Institution co-sponsored its fourth annual financial conference with the Tokyo Club and the Wharton School's Financial Institution Center on the future of securitzation after the current financial crisis. The following draft papers were presented at the conference. They will be revised and included in a forthcoming book to be published Brookings, the Tokyo Club, and the Wharton School.


Asset Securitization in Asia: Past and Future

Authors: T. Kamiyama, K. Kodachi, and E. Sekine
(Nomura Institute of Capital Markets Research) 

The Rise of Structured Investment Vehicles
Author: Joseph Mason (Louisiana State University)
Discussion: Til Schuermann (Federal Reserve Bank of New York)

Panel: Assessment of Policy Responses
Daniel Tarullo (Georgetown Law School)
Mortgage Payment Insurance and the Future of the Housing Finance System
Author: Jack Guttentag (University of Pennsylvania)
Robert Litan (Brookings Institution)

Central Bank Responses to the Meltdown (US, Europe, and Japan)
Author: Robert Eisenbeis
(Former Chief Economist, Federal Reserve Bank of Atlanta)
Discussion: Douglas Elmendorf (Brookings Institution)

The Future of Securitization
Authors: Gunter Franke (Konstanz University) 
Jan Pieter Krahnen (Goethe University Frankfurt)
Discussion: Richard Herring (University of Pennsylvania)

The Law and Economics of Subprime Litigation
Authors: Allen Ferrell (Harvard Law School) 
Jennifer Bethel (Babson College)
Gang Hu (Babson College)
Discussion: David Becker (Cleary Gottlieb Steen and Hamilton)

at Tokyo Club Meeting    Hon. Denton Darrington at Juvenile Justice event
Robert Litan and Charles Schultze at
Tokyo Club Meeting
Tokyo Club Meeting

The papers will be revised and published in a forthcoming Brookings Institution Press book.

Event Agenda

  • Discussants

    • Allen Ferrell

      Harvard Law School

    • Daniel Tarullo

      Georgetown Law School

    • David Becker

      Cleary Gottlieb Steen and Hamilton

    • E. Sekine

      Institute of Capital Markets Research

    • Gang Hu

      Babson College

    • Gunter Franke

      Konstanz University

    • Jack Guttentag

      University of Pennsylvania

    • Jan Pieter Krahnen

      Goethe University Frankfurt

    • Jennifer Bethel

      Babson College

    • Joseph Mason


      Louisiana State University

    • K. Kodachi

      Institute of Capital Markets Research

    • Richard Herring

      University of Pennsylvania

    • Robert Eisenbeis

      Former Chief Economist, Federal Reserve Bank of Atlanta

    • Robert E. Litan

      Nonresident Senior Fellow, Economic Studies

    • T. Kamiyama

      Institute of Capital Markets Research

    • Til Schuermann

      Federal Reserve Bank of New York

  • Introduction and Welcome


October 16, 2008

8:30 AM - 5:45 PM EDT

The Brookings Institution

Falk Auditorium

1775 Massachusetts Ave., NW


For More Information

Lindsey Wilson