My special thanks go to Professor Charles Goodhart of LSE who will be delivering a lecture and to Professor Dimitrios Tsomocos of Oxford University who will be making a presentation. I would also like to thank all moderators, presenters and discussants.
The crisis again reminded us of the inherent instability of the financial system and the vicious compounding of problems between the financial system and the real economy. In response, central banks around the world took action, including cuts in interest rates, the provision of ample liquidity, and so-called nontraditional or unconventional measures.