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Why are there so many banking crises?

BP Amoco Centennial Professor Lecture

Date: Tuesday 21 May 2002
Time: 6.00pm
Venue: Old Theatre, Old Building
Speaker: Professor Jean-Charles Rochet
Chair: Professor Anthony Giddens

The last 20 years have witnessed numerous banking crises. These have had more serious consequences in developing and emerging countries, but the richest countries have also been concerned: the USA, Scandinavia, Germany, France, Spain and Japan. Jean-Charles Rochet will assess the reasons why commercial banks are so fragile and look at the possible mechanisms of propagation of financial distress among them. He will also focus on the political economy of banking crises and the way in which banking authorities respond to political pressure.

Jean-Charles Rochet is professor of mathematics and economics from the University of Toulouse, France and is currently visiting LSE as the BP Amoco Centennial Professor. He has published widely in the areas of banking supervision and financial regulation, including recent articles for the International Economic Review and Review of Economic Studies.

This event is free and open to all. No ticket required. For more information, contact Debbie Ranger on 020 7955 7318 or email d.ranger@lse.ac.uk .

Transcript of lecture (PDF)