The Subprime Crisis and its International Consequences
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.
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
Claude Bébéar
President, Institut Montaigne
Daniel Benjamin
Former Brookings Expert
Bertrand Badré
Visiting Fellow - Peterson Institute for International Economics
Martin Neil Baily
Senior Fellow Emeritus - Economic Studies, Center on Regulation and Markets
Joshua Rosner
Managing Director, Graham Fisher & Co
Jean Tirole
Massachusetts Institute of Technology
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
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