Center for Financial Stability
 Thought Leadership
Center for Financial Stability

The Center for Financial Stability is an independent, nonpartisan, and nonprofit think tank focused on financial markets for the benefit of investors, officials, and the public.  More

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The Honorable Carole L. Brookins

It is with profound sadness to inform you that our CFS Board member and cherished friend, Carole Brookins passed away from complications associated with COVID-19.  More 

Read her speech to the Bretton Woods 2014 conference, “Thoughts on World War II in July 1944”.

 
Daily News & Views Blog

Friday, April 3, 2020

Highlights

Farewell to the CFA Franc: Macron and Ouattara End a Colonial Relic - CFS Special Counselor and Johns Hopkins professor Steve Hanke contends that The eco, West Africa's new money, would be sounder if accompanied by a currency board in The Wall Street Journal (December 30, 2019).

“Global Financial Markets, China and the U.S.” remarks by Lawrence Goodman at The American Chamber of Commerce in Shanghai, China (November 20, 2019).

“Summary Remarks / Shanghai Research and Development Foundation conference” by Lawrence Goodman at the Paradigm Shifts in Global Finance Conference in Shanghai, China (November 19, 2019).

Monetary Policy Paradigm Shifts remarks by Lawrence Goodman at the Paradigm Shifts in Global Finance Conference in Shanghai, China (November 18, 2019).

“Lessons for Today from Bretton Woods Yesterday” Keynote Address by Lawrence Goodman at the 8th International Conference "The Austrian School of Economics in the 21st Century at Oesterreichishe Nationalbank, OeNB in Austria (November 13, 2019).

CFS Special Counselor and Johns Hopkins professor Steve Hanke delivers the John Ise Distinguished Lecture at the University of Kansas - moderated by CFS Director of Advances in Monetary and Financial Measurement.

CFS IN THE NEWS

Now What? Three Vectors for Investors and Officials - At the Boston Economic Club, Lawrence Goodman discussed the evolution of three vectors that offer officials a blueprint to stabilize markets and asset managers a roadmap for investment decisions.

CFTC Chair Tarbert Roundtable - CFS hosted a private roundtable with CFTC Chairman and Chief Executive Heath Tarbert.

Future of the Global Monetary and Financial System: 75 years after Bretton Woods - A gathering of high-level personalities from all over the world evaluated extraordinary monetary policies, spillovers, financial innovation, and the IMF. View Summary.

Just before Bretton Woods: The Atlantic City Conference - CFS senior fellow Kurt Schuler spoke at an event organized by the Treasury Historical Association.

Latest Research

Now What? Three Vectors for Investors and Officials

At the Boston Economic Club, Lawrence Goodman discussed the evolution of three vectors that offer officials a blueprint to stabilize markets and asset managers a roadmap for investment decisions.   More

CFS Divisia M4, which is the broadest and most important measure of money, grew by 7.3% in February 2020 on a year-over-year basis versus 7.0% in January.   February Data Release

The Washington Consensus in History: An Interview with John Williamson

CFS is delighted to present an interview with the eminent international economist John Williamson, reviewing his more than five decades of work in the field.   More

The Center for Financial Stability gathered policy makers, financial market participants, and academics at Bretton Woods to better understand present challenges and offer solutions for the future.  More

Inequality Perils from Lower Interest Rates

Robert Hormats and Yves-Andre Istel contend that low interest rate policies have become increasingly ineffective in fostering equitable growth and negative effects have been underestimated.  More

The Monetary Policy Challenge

Jacques de Larosière shares his latest thinking on inflation targets and the unintended consequences from excessively accommodative monetary policy.  More

Monetary Policy Paradigm Shifts

Lawrence Goodman presents on Modern Monetary Theory (MMT), three policy miscalculations since 2002, and solutions to reverse skewed investment incentives at the Paradigm Shifts in Global Finance Conference in Shanghai, China.  More

Monetary Policy Realities Facing the ECB, Fed and BoJ: More Easing Won't Stimulate Economies

Mickey Levy - Berenberg Capital Markets and Shadow Open Market Committee member - digs into monetary transmission channels to assess growth implications and considers the risks of excessive reliance on monetary easing.  More

CFIUS and Silicon Valley: We’re Still Trying to Find a Cure!

Charles Schott addresses the history of the Committee on Foreign Investment in the United States (CFIUS) and a host of new issues for regulatory balance, technology and venture capital.  More


 
 
Events
 
Future of the Global Monetary and Financial System:
75 years after Bretton Woods

Bretton Woods 2019 Conference Image
Bretton Woods 2019 Conference Image
Bretton Woods 2019 Conference Image
Bretton Woods 2019 Conference Image
Bretton Woods 2019 Conference Image

The conference commemorated the 75th anniversary of the Bretton Woods agreement by gathering high-level thinkers from all over the world to evaluate extraordinary monetary policies, spillovers, financial innovation, and the IMF.

Please see more about the roundtable agenda or summary.

 
The Global Financial Crisis: Lessons for the Future

This conference, co-sponsored by CFS, the Central Bank of Iceland and the University of Iceland, examined the causes of the 2008 crisis, regulatory responses, and lessons for the future.

Please see more about the conference including program and presentations.

 
Bank of England Conference in Honor of William A. Barnett

Discussions at the “Financial Services Indices, Liquidity and Economic Activity” conference focused on understanding and assessing the macroeconomic implications of liquidity, the liquidity creation process, and the impacts of liquidity on financial markets and economic activity.

Please see more about the conference including program and presentations.

 
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image

Bretton Woods 2014 gathered prominent leaders from government, business, and academia in a working-group environment to focus on the future of finance and the international monetary system. Please see more about the conference to see other remarks, presentations, and photos from the conference.

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