27 June 2012
The 2012 Charles Street Symposium
The inaugural Charles Street Symposium focussed on issues of economic risk and uncertainty and brought together an outstanding group of young scholars with leading senior economists as keynote speakers and mentors.
The first Charles Street Symposium was held at the Legatum Institute June 11-12 and focussed on issues of economic risk and uncertainty. The Symposium brought together an outstanding group of young scholars and a selection of leading senior economists, including Tyler Cowen (George Mason University), Randall Kroszner (University Of Chicago) and Peter Lewin (University Of Texas).
Risk and uncertainty are pervasive in economic life, and markets and governments have developed a variety of institutions for addressing related challenges. But, as the recent financial crises show, regulators, market participants and the economics profession often have a very imperfect understanding of how risk and uncertainty should be managed and priced. What kinds of institutional structures, for example, could prevent similar financial crises from happening in the future? And what is an appropriate trade-off between the benefits of innovation in the finance sector and the risks it creates? The Charles Street Symposium participants tackled these question over a series of workshops and discussions.
Watch a brief film with impressions from this year's Symposium:
Other materials from the 2012 Charles Street Symposium:
Tyler Cown's keynote remarks on Black Swans
A conversation with Randall Kroszner about experiencing the financial crises as a Federal Reserve governor:
Interview with Peter Lewin on uncertainty: