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Speaking Points for Where to Go from Here? Policy Panel

In: Globalization And Systemic Risk

Author

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  • Jaime Caruana

    (International Monetary Fund, USA)

Abstract

I would like to take this opportunity to draw some lessons from the interesting discussions that we have had over the past two days of this conference and the implications for systemic risk arising from the recent turmoil. Over the last two months, we have experienced a very relevant test of the financial system. At first, we at the Fund viewed this as the first real test of structured credit products — a topic that we had been following and analyzing for some time. But this episode has deepened into more than that, and has raised issues that are at the heart of central banking and financial stability…

Suggested Citation

  • Jaime Caruana, 2009. "Speaking Points for Where to Go from Here? Policy Panel," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 28, pages 397-402, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812833389_0028
    as

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