Sep 14

Past Event

Rethinking Central Banking

Event Materials

Audio

Brookings Multimedia content requires JavaScript. Your browser either doesn't have JavaScript or doesn't have it enabled.

Instructions to enable JavaScript.

Summary

In the aftermath of the global financial crisis, with high levels of public and private debt in advanced economies and concerns about capital inflows and currency appreciation in emerging markets, central banks are being pulled into new roles. While the current framework has had many practical achievements, the conventional approach to central banking needs to be rethought in the light of lessons learned both before and after the crisis.

On September 14, Global Economy and Development at Brookings hosted a discussion to launch the first report of a new Committee on International Economic and Policy Reform, a group of independent economic experts that includes academics as well as former government and central bank officials. The committee’s goal is to identify areas in which the global economic architecture should be strengthened and to develop solutions for central banking in the post-crisis world that reconcile national interests with broader global interests. The panel included three of the committee members: Brookings Senior Fellow and Cornell University professor Eswar Prasad, University of Chicago professor Raghuram Rajan and visiting professor at Columbia University and former Finance Minister of Chile Andrés Velasco. World Bank Managing Director and former Finance Minister of Indonesia Sri Mulyani Indrawati joined the discussion and Alan Beattie, Financial Times international economy editor, moderated.

After the program, the panelists took audience questions.

Read the Rethinking Central Banking report »

Event Agenda

  • Moderator

    • Alan Beattie

      International Economy Editor

      The Financial Times

  • Panelists

    • Sri Mulyani Indrawati

      Managing Director

      World Bank Group

    • Eswar Prasad

      Senior Fellow, Global Economy and Development

      New Century Chair in International Trade and Economics

    • Raghuram Rajan

      Eric J. Gleacher Distinguished Service Professor of Finance

      Booth School of Business, University of Chicago

    • Andrés Velasco

      Tinker Visiting Professor

      Columbia University

Details

September 14, 2011

1:00 PM - 2:30 PM EDT

The Brookings Institution

Saul/Zilkha Rooms

1775 Massachusetts Avenue, NW

Map

For More Information

Brookings Office of Communications

(202) 797-6105