(Sunday, October 19, 2008)
Lord John Eatwell, President of Queen’s College, Cambridge University, and a leading scholar in the field of financial policy, shed new light on the long-debated issue of liquidity in order to draw lessons from the current financial turbulence. In particular, he discussed:

1.market liquidity and the causes of financial bubbles;
2.how liquidity relates to monetary and financial policy;
3.lessons that can be drawn from the current financial turmoil for emerging markets and how to reduce systemic risk in financial markets.