Understanding the Global Financial Crisis of 2008
A teach-in by Smith faculty and Washington experts

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8:30 - 9:30 a.m.	The 2008 Financial Crisis: Causes, Consequences, and Cures Albert “Pete” Kyle, Smith School of Business, University of Maryland
9:30 - 10:30 a.m.	Government’s Response to the Crisis of 2008 Haluk Ünal, Smith School of Business, University of Maryland
10:30 - 11 a.m.	Break
11 a.m. - Noon	Implications of the Crisis for Regulation Mark Carey, Federal Reserve Board
Noon - 1 p.m.	Lessons Learned from Crises around the World Stijn Claessens, International Monetary Fund
1 - 1:15 p.m.	Concluding Remarks

Guest Speakers:

Mark Carey is Adviser in the Division of International Finance at the Federal Reserve Board in Washington, DC. He is also co-director of the National Bureau of Economic Research’s Risks of Financial Institutions Working Group. He focuses on issues in capital markets, risk management, corporate finance and banking. Current research topics include credit risk measurement and management, both at the individual asset and the portfolio level, issues related to the financial crisis that began in 2007, and issues related to the structure and operation of business debt markets. Carey holds a BA from Oberlin College and a PhD from Berkeley, both in economics. Between degrees, Carey worked for several technical consulting firms.

Stijn Claessens is Assistant Director in the Research Department of the International Monetary Fund and Professor of International Finance Policy at University of Amsterdam. Claessens, a Dutch national, holds a PhD in business economics from the Wharton School of the University of Pennsylvania (1986) and MA from Erasmus University, Rotterdam (1984). He taught at New York University and worked for fourteen years at the World Bank in various positions. His policy and research interests are firm finance; corporate governance; internationalization of financial services; and risk management. Over his career, Claessens has provided policy advice to emerging markets in Latin America and Asia and to transition economies. He is widely published in academic journals and edited several books. He is also the co-editor of the Journal of Financial Services Research, a fellow of the London-based CEPR, ECGI (Brussels) and AICG (Seoul), and a member of the Advisory Board of the Millstein Center for Corporate Governance and Performance at Yale University.