Front Matter

Front Matter

International Monetary Fund
Published Date:
October 2011
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    Per Jacobsson Foundation


    ISSN 0252-3108

    Editor: Michael Harrup

    Cover design and production: IMF Multimedia Services Division

    Composition: Maryland Composition, Inc.

    The Per Jacobsson lectures are available on the Internet at, which also includes further information on the Foundation. Copies of the Per Jacobsson lectures may be acquired without charge from the Secretary.


    The first Per Jacobsson Foundation Lecture of 2011, “What Financial System for the Twenty-First Century?” was presented by Sir Andrew Crockett, who is currently Special Advisor to the Chairman of JPMorgan Chase. The lecture was held on June 26 in the auditorium at the head-quarters of the Bank for International Settlements in Basel, Switzerland, in conjunction with the BIS’s Annual General Meetings. Guillermo Ortiz, Chairman of the Per Jacobsson Foundation, moderated the event.

    The Per Jacobsson Foundation was established in 1964 to commemorate the work of Per Jacobsson (1894–1963) as a statesman in international monetary affairs. Per Jacobsson was the third Managing Director of the IMF (1956–63) and had earlier served as the Economic Adviser of the BIS (1931–56). Per Jacobsson Foundation lectures and contributions to symposia are expressions of personal views and intended to be substantial contributions to the field in which Per Jacobsson worked. They are distributed free of charge by the Foundation. Further information about the Foundation may be obtained from the Secretary of the Foundation or may be found on the Foundation’s website (

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