The Chicago Council on Global Affairs and the The CME Group Present:
Second Annual CME Group Lecture on Global Financial Markets: Building a Financial System for the Future with Dr. Robert Shiller
Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, and the loss of confidence in the market were all extraordinary in scale and scope.
New regulations—most notably the Dodd-Frank Act and the Basel III rules—endeavor to prevent future financial meltdowns.
Simply reigning in Wall Street, however, is not sufficient according to Robert Shiller. He believes that with the benefit of recent lessons and improved knowledge of human behavior, a new financial order can be developed in which information technology and financial theory unlock the latent value of our ordinary riches and create growth.
A discussion of whether increased regulation and financial innovation can coexist as we build a new globalized financial system.
The annual CME Group Lecture on Global Financial Markets was established to promote understanding of the role of markets in the aftermath of the financial crisis.
Date: Thursday, December 8, 2011
Time: 5:30pm registration, 6pm presentation and Q&A, 7:15pm Adjournment
Venue: The Drake Hotel, 140 East Walton Place, Chicago IL 60611
Robert Shiller is the Arthur M. Okun Professor of Economics at Yale University, and professor of finance and fellow at the International Center for Finance at the Yale School of Management.
Shiller is the author of several books, including The New York Times bestseller Irrational Exuberance. His forthcoming book Finance and the Good Society will be available in 2012.
His home price indices, developed originally with Karl E. Case, are now published as the Standard & Poor’s/Case Shiller Home Price Indices. Options and futures based on these indices are now traded at the CME Group.
He has been a research associate at the National Bureau of Economic Research since 1980, and has served as vice president of the American Economic Association and president of the Eastern Economic Association.
Shiller was awarded the Deutsche Bank Prize in Financial Economics in 2009. In 2010, he was named by Foreign Policy magazine to its list of top global thinkers. Shiller received his B.A. from the University of Michigan and his S.M. and Ph.D. from the Massachusetts Institute of Technology.
For information and registration click here
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