The Crisis and the Regulation of the Financial Sector

If the live feed for the INET conference isn't to your taste, here's a live feed to another conference going on at the same time:

The Russell Sage Foundation and the Century Foundation will host a conference on the financial crisis at the Princeton Club on Friday, April 13, 2012. Four panels of experts will share their assessments of discrete aspects of the crisis, point to changes that should be made in the financial industry, in government regulation, and in the thinking of economists.

At 1 p.m., Federal Reserve Chairman Ben S. Bernanke will offer his thoughts on lessons learned from the crisis. Conference drafts can be found here and in the links presented below. Follow live coverage of the event on Twitter @russellsagefdn and with the hashtag #RethinkFinance.

Session One: Rethinking Market Efficiency
10:00-11:00
Moderator: Robert Solow
• The Efficient-Market Hypothesis and the Financial Crisis
  Burton G. Malkiel, Princeton University
• Behavioral Finance in the Financial Crisis: Market Efficiency, Minsky, and Keynes
  Hersh Shefrin, Santa Clara University and Santa Clara University
• Why Did So Many People Make So Many Ex Post Bad Decisions: The Causes of the Foreclosure Crisis
  Paul Willen, Federal Reserve Bank of Boston

Session Two: Rethinking Financial Innovation
11:15-12:15
Moderator: Alan Blinder
• Ratings, Mortgage Securitizations, and the Apparent Creation of Value
  John Hull, University of Toronto and Alan White, University of Toronto
• The Role of ABS, CDS, and CDOs in the Credit Crisis and the Economy
  Robert A. Jarrow, Cornell University
• Finance vs. Wal-Mart: Why Are Financial Services So Expensive?
  Thomas Philippon, New York University

Lunch: 12:30 - 2:00
• Keynote Speaker: Ben S. Bernanke, Chairman of the Board of Governors of the Federal Reserve System

Session Three: Rethinking Financial Regulation
2:15-3:15
Moderator: Andrew Lo
• Shadow Finance
  Patrick Bolton, Columbia University, and Tano Santos, Columbia University, and Jose Scheinkman, Princeton University
• The Political Economy of Financial Regulation after the Crisis
  Robert E. Litan, The Ewing Mario Kauffman Foundation
• Pay, Politics, and the Financial Crisis
  Kevin J. Murphy, University of Southern California

Session Four: Rethinking Macroeconomics and Finance
3:30-4:30
Moderator: Alan Blinder
• This Time, It Is Not Different: The Persistent Concerns of Financial Macroeconomics
  J. Bradford DeLong, University of California, Berkeley
• Credit Supply Shocks and Macroeconomic Activity in a Financial Accelerator Model
  Simon Gilchrist, Boston University