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.

EVENT MATERIALS:

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)

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.