MIT Golub Center for Finance and Policy 3rd Annual Conference

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“Causes of and Policy Responses to the U.S. Financial Crisis:
What Do We Know Now that the Dust Has Settled?”

September 28-29, 2016, Cambridge, MA

The financial crisis of 2007-08 froze financial markets, threatened the collapse of large financial institutions, and precipitated the worst economic downturn since the Great Depression. Policymakers responded with a broad array of emergency actions, bailouts and new regulations aimed at stabilizing markets and preventing future crises. Although much has been written about those events, fundamental disagreements remain about the leading causes of the crisis and the efficacy of the various policy responses to it. In 2016, MIT’s Golub Center for Finance and Policy (GCFP) focused its annual conference on recent research aimed at shedding new light on the financial crisis. Topics included matters relating to securitization, housing and the mortgage market, government regulation, and systemic risk. The conference agenda can be found here, with biographies of the presenters here.

GCFP’s mission is to serve as a catalyst for innovative, cross-disciplinary and non-partisan research and educational initiatives that address the unique challenges facing governments in their roles as financial institutions and as regulators of the financial system. Each year the Center’s annual conference brings together academics, policymakers and practitioners to discuss research and new developments in a selected area related to one or more of the main research tracks of the Center:

  • Evaluation and Management of Government Financial Institutions
  • Regulation of Financial Markets and Institutions
  • Governments as Risk Managers

This year’s topic is an issue that cuts across all three areas. Both empirical and theoretical papers will be presented.

For more information about the GCFP, please visit: http://gcfp.mit.edu.

Program Committee: Professors Andrew Lo, Deborah Lucas, Robert Merton, and Jonathan Parker