livefromhooverdc_banner_v2.jpg
 

As part of the Hoover Institution’s Initiative on Regulation and the Rule of Law, the panelists at this conference, hosted by Charles Calomiris and Allan Meltzer, examine the theory, history, and practical consequences of lender of last resort assistance in a variety of countries and contexts and how to avoid financial bailouts.

ORGANIZERS
Charles Calomiris, Hoover Institution and Columbia University
Allan Meltzer, Hoover Institution and Carnegie Mellon University

Friday, April 3
Time Content Presenter Discussant
9:00 AM

The Dark Side of Liquidity Creation: Leverage and Systematic Risk

Anjan Thakor, Olin School of Business,Washington University in St. Louis

Douglas Diamond, University of Chicago Booth School of Business

10:30 AM

Break

   
10:45 AM

Political Foundations of the Lender of Last Resort: A Global Historical Narrative

Charles Calomiris, Hoover Institution and Columbia University

Stijn Claessens, Federal Reserve System

12:15 PM

Break

   
1:15 PM

Law as a Constraint on the “Lender of Last Resort”: Central Bank Liquidity Support for Central Counterparties

Virginia France, College of Business, University of Illinois

Charles Kahn, College of Business, University of Illinois

Mark Carey, Federal Reserve System

2:45 PM

Break

   
3:00 PM

Lending-of-Last-Resort Is as Lending-of-Last-Resort Does: Liquidity Provision and Interbank Market Functioning in the Euro Area

Simone Manganelli, European Central Bank

Krista Schwarz, Wharton School at the University of Pennsylvania

4:30 PM

Closing Remarks

Charles Calomiris, Hoover Institution and Columbia University

Allan Meltzer, Hoover Institution and Carnegie Mellon University

 

Upcoming Events

Monday, April 28, 2025
Digital Authoritarianism and Strategies to Promote a Democratic Digital Future
The Hoover Institution Program on the US, China, and the World invites you to Digital Authoritarianism and Strategies to Promote a Democratic Digital… Shultz Auditorium, George P. Shultz Building
Tuesday, April 29, 2025
A Revolution to Come: A History of an Idea from Thucydides to Lenin
A Revolution to Come: A History of an Idea from Thucydides to Lenin
The Hoover History Lab invites you to a Book Talk with Dan Edelstein - A Revolution to Come: A History of an Idea from Thucydides to Lenin on Tuesday… Herbert Hoover Memorial Building Room 160
Wednesday, April 30, 2025 10:00 AM PT
opinion
How Foreign Speech Restrictions Affect American Free Expression
The sixth session will discuss How Foreign Speech Restrictions Affect American Free Expression with Jacob Mchangama and Eugene Volokh on Wednesday, …
overlay image