Front Matter

Front Matter

International Monetary Fund
Published Date:
April 2014
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    Central Banking in the Crisis: Conceptual Convergence and Open Questions on Unconventional Monetary Policy

    Jean-Claude Trichet

    Per Jacobsson Foundation


    ISSN 0252-3108

    Editor: Michael Harrup

    Cover Design and Production: IMF Multimedia Services

    Composition: Apex CoVantage

    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 2013 Per Jacobsson Foundation Lecture, “Central Banking in the Crisis: Conceptual Convergence and Open Questions on Unconventional Monetary Policy,” was presented by Jean-Claude Trichet, the current chairman of the Group of Thirty and of the Board of Directors of the Bruegel Institute, and the former President of the European Central Bank, on October 12, at George Washington University’s Lisner Auditorium in Washington, D.C., in conjunction with the Annual Meetings of the International Monetary Fund. The event was moderated by Per Jacobsson Foundation Chair Guillermo Ortiz.

    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 Bank for International Settlements (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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