Airing Today on C-SPAN -- Banking on Central Banks?

Mon, 11 Oct 2010 13:50:49 +0000

Through the work of the excellent Miller Center for Public Affairs at the University of Virginia, C-SPAN will be airing a conference full of experts on the role of central banks in the most recent (and the next) financial crisis.  Here is a link to the page where the event will be broadcast from noon to 3 p.m. today.  The conference description is as follows, and the whole agenda can be found here.

The current economic crisis is the most severe that capitalism has seen since the 1930s. And it has resulted in a fundamental shift in the role that governments play in the economy. No longer are government standing on the sidelines, directing traffic and encouraging or restricting economic activity. In just the last year we experienced governments bailing out banks and other corporate entities while allowing others to fail. We saw governments injecting enormous amounts of liquidity into financial markets. We observed government spending result in monumental deficits. And we witnessed a blurring of the gap between private and public banking. Central Banks have become the focal point of governments’ response, and as a result their role has been altered forever in fundamental ways.

The Third Annual Mortimer Caplin Conference on the World Economy, hosted by the University of Virginia’s Miller Center of Public Affairs, is devoted to an informed and intelligent discussion of these questions. Keeping with our tradition, this conference will bring together current and former Central Bankers from the U.S., Japan, Great Britain, China and the European Union along with the best thinkers from the academy to discuss, deliberate and debate a number of questions related to the role that Central Banks and Central Bankers play in the international economy.