2012 - The European Crisis: Historic Parallels and Economic Lessons

The JRCPPF inaugural conference took place on April 19-20, 2012 at Princeton University. Paul Krugman, Professor of Economics and International Affairs at the Woodrow Wilson School, gave the first day's keynote and Benoit Coeure, Executive Board member of the European Central Bank, gave the Friday keynote address. Leading economists (including Nobel Prize winner Chris Sims) and historians gave presentations. Videos, papers presented, and corresponding slides from are posted below. Selected photos from the conference are here.

Read the conference summary.

 

Videos, Papers, & Slides

Session I

Chair: Hyun Shin, Princeton University

Chris Sims, Princeton University
"Gaps in the Institutions of the Euro Area"
(Paper | Slides)

Ricardo Reis, Columbia University
"Can a Central Bank with Negative Capital Still be Effective?" 
(Slides)

Harold James, Princeton University
"Lessons for the Euro from History"
(Paper | Slides)

Video: Gaps in the Institutions of the Euro Area

http://youtu.be/JNeNNFDeQaI

Video: Can a Central Bank with Negative Capital Still be Effective?

http://youtu.be/jzFjc5m3OPU

Video: Lessons for the Euro from History

http://youtu.be/GKPNhx-U5s0
Session II

Chair: David Thesmar, HEC Paris

Luis Garicano, London School of Economics
"The Spanish Variant of the Dutch Disease"
(Slides)

Tano Santos, Columbia University
“Domestic Banking in a Monetary Union: The Spanish Case”
(Slides)

Video: The Spanish Variant of the Dutch Disease

http://youtu.be/VYVKd5XQPRA

Video: Domestic Banking in a Monetary Union: The Spanish Case

http://youtu.be/6YP-Xxi5RRo
Thursday Keynote Address

Paul Krugman, Princeton University
"Europe's Two Depressions"
(Slides)

Video: Europe's Two Depressions

http://youtu.be/7qTbB935Pnw
Session III

Chair: Mark Aguiar, Princeton University

Hans-Werner Sinn, University of Munich
"The Euro Crisis"
(Slides)

Video: The Euro Crisis

http://youtu.be/uAr1Sk2yPhs
Friday Keynote Address

Benoit Coeure, European Central Bank
"Risk Sharing in EMU: Before, During and After the Crisis"
(Speech)

Video: Risk Sharing in EMU: Before, During and After the Crisis

http://youtu.be/WetOu0eIxWI
Session IV: Policy Panel, "Current Events in Europe"

Jean-Pierre Landau, Princeton University
"Internal Imbalances in the Eurozone"
(Slides)

Ashoka Mody, IMF
“Banks in the Eurozone and Capital Flows’ Reversal”
(Slides)

Jacob Goldfield
"Did the Three Year LTROs Really Cause the Yield Decline?"

Christian Kastrop, German Ministry of Finance
“Eurozone: What Strategy Against Failure?“
(Slides)

Franklin Allen, University of Pennsylvania 
"How Will the Eurozone Emerge from the Crisis?"
(Slides)

Video: Internal Imbalances in the Eurozone

http://youtu.be/Wvqqj8pGSeM

Video: Banks in the Eurozone and Capital Flows’ Reversal

http://youtu.be/vjggjgO2hrY

Video: Did the Three Year LTROs Really Cause the Yield Decline?

http://youtu.be/94UiCF9wpis

Video: Eurozone: What Strategy Against Failure?

http://youtu.be/t-nVkUkzckU

Video: How Will the Eurozone Emerge from the Crisis?

http://youtu.be/IkadBTYeDvk

2012 Conference

Keynote Speakers

Paul Krugman

Paul Krugman, Princeton University

Benoit Couere

Benoit Couere, European Central Bank