This book is a collection of papers presented at an international conference on Lessons from the World Financial Crisis. The topic was the Great Recession (2008-2009). Sponsored by the Bank of Israel, the participants were mainly central bankers but included representatives of international financial institutions (such as the International Monetary Fund). Papers are organized into four different sections: Part Ⅰ) Monetary Policy in View of the Crisis; Part Ⅱ) Macroprudential and Financial Policies; Part Ⅲ) Capital Flows, Capital Controls, and Exchange Rate Policies; and Part Ⅳ) The Crisis and its Lessons: Some Case Studies. Each Part does not present a consensus position of conference participants but rather the views of individual central bankers concerning issues addressed in their particular papers.
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