Back Matter

Back Matter

International Monetary Fund
Published Date:
June 2009
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    Stanley Fischer

    Stanley Fischer has been Governor of the Bank of Israel since May 2005. For more than three years before that, he was Vice-Chairman of Citigroup. Mr. Fischer was the First Deputy Managing Director of the IMF from September 1994 through August 2001. Before he joined the IMF, he was Professor of Economics at MIT. He was Chief Economist at the World Bank during 1988-90.

    Trevor Manuel

    Trevor Manuel has been South Africa’s Minister of Finance since 1996. Before becoming Finance Minister, he was for two years South Africa’s Minister of Trade and Industry. He served as Chairman of the Development Committee (the Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries) from November 2001 to September 2005.

    Jean Pisani-Ferry

    Jean Pisani-Ferry has been Director of the Brussels-based think tank Bruegel since 2005. He is also a Professor of Economics at the University of Paris–Dauphine and a member of the French Prime Minister’s Council of Economic Analysis. From 1992 to 1997 he was the director of the Centre d’études prospectives et d’informations internationales (CEPII, the French Research Center in International Economics).

    Raghuram Rajan

    Raghuram Rajan has been Professor of Finance at the University of Chicago’s Graduate School of Business since 1995, although he took a leave of absence during 2003-06 to be Economic Counsellor and Director of the Research Department at the IMF. In 2003, he won the inaugural Fischer Black Prize of the American Finance Association for the person under 40 who had recently contributed most to the theory and practice of finance.

    The Per Jacobsson Lectures

    2008The Role and Governance of the IMF: Further Reflections on Reform. Symposium panelists: Stanley Fischer, Trevor Manuel, Jean Pisani-Ferry, and Raghuram Rajan.
    2008The Approach to Macroeconomic Management: How It Has Evolved. Lecture by Lord George (Basel).
    2007Balance of Payments Imbalances. Lecture by Alan Greenspan.
    2006Asian Monetary Integration: Will It Ever Happen? Lecture by Tharman Shanmugaratnam (Singapore). Competition Policy and Monetary Policy: A Comparative Perspective. Lecture by Mario Monti (Bern).
    2005International Financial Institutions: Dealing with New Global Challenges. Lecture by Michel Camdessus.
    2004The U.S. Current Account Deficit and the Global Economy. Lecture by Lawrence H. Summers. Some New Directions for Financial Stability? Lecture by C.A.E. Goodhart, CBE (Zurich).
    2003The Arab World: Performance and Prospects. Lecture by Abdlatif Yousef Al-Hamad (Dubai).
    2002The Boom-Bust Capital Spending Cycle in the United States: Lessons Learned. Lecture by E. Gerald Corrigan. Recent Emerging Market Crises: What Have We Learned? Lecture by Guillermo Ortiz (Basel).
    2001No lecture took place due to the cancellation of the Annual Meetings of the IMF and the World Bank.
    2000Ten Years On—Some Lessons from the Transition. Lecture by Josef Tošovský (Prague). Strengthening the Resilience of Financial Systems. Symposium panelists: Peter B. Kenen, Arminio Fraga, and Jacques de Larosière (Lucerne).
    1999The Past and Future of European Integration—A Central Banker’s View. Lecture by Willem F. Duisenberg.
    1998Managing the International Economy in the Age of Globalization. Lecture by Peter D. Sutherland.
    1997Asian Monetary Cooperation, Lecture by Joseph C.K. Yam, CBE, JP (Hong Kong).
    1996Financing Development in a World of Private Capital Flows: The Challenge for International Financial Institutions in Working with the Private Sector. Lecture by Jacques de Larosiere.
    1995Economic Transformation: The Tasks Still Ahead. Symposium panelists: Jan Svejnar, Oleh Havrylyshyn, and Sergei K. Dubinin.
    1994Central Banking in Transition. Lecture by Baron Alexandre Lamfalussy (London). Capital Flows to Emerging Countries: Are They Sustainable? Lecture by Guillermo de la Dehesa (Madrid).
    1993Latin America: Economic and Social Transition to the Twenty-First Century. Lecture by Enrique V. Iglesias.
    1992A New Monetary Order for Europe. Lecture by Karl Otto Pöhl.
    1991The Road to European Monetary Union: Lessons from the Bretton Woods Regime. Lecture by Alexander K. Swoboda (Basel). Privatization: Financial Choices and Opportunities. Lecture by Amnuay Viravan (Bangkok).
    1990The Triumph of Central Banking? Lecture by Paul A. Volcker.
    1989Promoting Successful Adjustment: The Experience of Ghana. Lecture by J.L.S. Abbey. Economic Restructuring in New Zealand Since 1984. Lecture by David Caygill.
    1988The International Monetary System: The Next Twenty-Five Years. Symposium panelists: Sir Kit McMahon, Tommaso Padoa-Schioppa, and C. Fred Bergsten (Basel).
    1987Interdependence: Vulnerability and Opportunity. Lecture by Sylvia Ostry.
    1986The Emergence of Global Finance. Lecture by Yusuke Kashiwagi.
    1985Do We Know Where We’re Going? Lecture by Sir Jeremy Morse (Seoul).
    1984Economic Nationalism and International Interdependence: The Global Costs of National Choices. Lecture by Peter G. Peterson.
    1983Developing a New International Monetary System: A Long-Term View. Lecture by H. Johannes Witteveen.
    1982Monetary Policy: Finding a Place to Stand. Lecture by Gerald K. Bouey (Toronto).
    1981Central Banking with the Benefit of Hindsight. Lecture by Jelle Zijlstra; commentary by Albert Adomakoh.
    1980Reflections on the International Monetary System. Lecture by Guillaume Guindey; commentary by Charles A. Coombs (Basel).
    1979The Anguish of Central Banking. Lecture by Arthur F. Burns; commentaries by Milutin Ćirović and Jacques J. Polak (Belgrade).
    1978The International Capital Market and the International Monetary System. Lecture by Gabriel Hauge and Erik Hoffmeyer; commentary by Lord Roll of Ipsden.
    1977The International Monetary System in Operation. Lectures by Wilfried Guth and Sir Arthur Lewis.
    1976Why Banks Are Unpopular. Lecture by Guido Carli; commentary by Milton Gilbert (Basel).
    1975Emerging Arrangements in International Payments: Public and Private. Lecture by Alfred Hayes; commentaries by Khodadad Farmanfarmaian, Carlos Massad, and Claudio Segré.
    1974Steps to International Monetary Order. Lectures by Conrad J. Oort and Puey Ungphakorn; commentaries by Saburo Okita and William McChesney Martin (Tokyo).
    1973Inflation and the International Monetary System. Lecture by Otmar Emminger; commentaries by Adolfo Diz and János Fekete (Basel).
    1972The Monetary Crisis of 1971: The Lessons to Be Learned. Lecture by Henry C. Wallich; commentaries by C.J. Morse and I.G. Patel.
    1971International Capital Movements: Past, Present, Future. Lecture by Sir Eric Roll; commentaries by Henry H. Fowler and Wilfried Guth.
    1970Toward a World Central Bank? Lecture by William McChesney Martin; commentaries by Karl Blessing, Alfredo Machado Gómez, and Harry G. Johnson (Basel).
    1969The Role of Monetary Gold over the Next Ten Years. Lecture by Alexandre Lamfalussy; commentaries by Wilfrid Baumgartner, Guido Carli, and L.K. Jha.
    1968Central Banking and Economic Integration. Lecture by M.W. Holtrop; commentary by Lord Cromer (Stockholm).
    1967Economic Development: The Banking Aspects. Lecture by David Rockefeller; commentaries by Felipe Herrera and Shigeo Horie (Rio de Janeiro).
    1966The Role of the Central Banker Today. Lecture by Louis Rasminsky; commentaries by Donato Menichella, Stefano Siglienti, Marcus Wallenberg, and Franz Aschinger (Rome).

    The Per Jacobsson lectures are available on the Internet at, which also contains further information on the Foundation. Copies of the Per Jacobsson lectures may be acquired without charge from the Secretary. Unless otherwise indicated, the lectures were delivered in Washington, D.C.

    The Per Jacobsson Foundation

    Honorary Chairmen:Eugene R. Black
    Marcus Wallenberg
    Past Chairmen:W. Randolph Burgess
    William McC. Martin
    Sir Jeremy Morse
    Jacques de Larosiere
    Past Presidents:Frank A. Southard, Jr.
    Jacques J. Polak

    Founding Sponsors

    Hermann J. Abs

    Roger Auboin

    Wilfrid Baumgartner

    S. Clark Beise

    B.M. Birla

    Rudolf Brinckmann

    Lord Cobbold

    Miguel Cuaderno

    R.v. Fieandt

    Maurice Frère

    E.C. Fussell

    Aly Gritly

    Eugenio Gudin

    Gottfried Haberler

    Viscount Harcourt

    Gabriel Hauge

    Carl Otto Henriques

    M.W. Holtrop

    Shigeo Horie

    Clarence E. Hunter

    H.V.R. Iengar

    Kaoru Inouye

    Albert E. Janssen

    Raffaele Mattioli

    J.J. McElligott

    Johan Melander

    Donato Menichella

    Emmanuel Monick

    Jean Monnet

    Walter Muller

    Juan Pardo Heeren

    Federico Pinedo

    Abdul Qadir

    Sven Raab

    David Rockefeller

    Lord Salter

    Pierre-Paul Schweitzer

    Samuel Schweizer

    Allan Sproul

    Wilhelm Teufenstein

    Graham Towers

    Joseph H. Willits

    Board of Directors

    Sir Andrew D. Crockett—Chairman of the Board

    Abdlatif Y. Al-Hamad

    Nancy Birdsall

    Michel Camdessus

    E. Gerald Corrigan

    Malcolm D. Knight

    Horst Köhler

    Guillermo Ortiz

    Alassane D. Ouattara

    Dominique Strauss-Kahn

    Shigemitsu Sugisaki

    Edwin M. Truman

    Leo Van Houtven

    Marcus Wallenberg


    Leo Van Houtven—President

    Enrique Gelbard—Vice-President and Secretary

    Chris Hemus—Treasurer

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