Front Matter

Front Matter

International Monetary Fund
Published Date:
September 2004
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    Some New Directions for Financial Stability?

    C.A.E. Goodbart, CBE

    Bank for International Settlements

    Per Jacobsson Foundation

    Zurich, Switzerland


    ISSN 0252-3108

    Editor: Archana Kumar

    Production: IMF Multimedia Services Division


    The first 2004 Per Jacobsson lecture, “Some New Directions for Financial Stability?” was delivered by Professor Charles Goodhart, Deputy Director of the Financial Markets Group at the London School of Economics, on Sunday, June 27. Professor Goodhart’s presentation was made in the Aula of the University of Zurich, Switzerland, in conjunction with the Annual General Meeting of the Bank for International Settlements (BIS) in Basel. Mr. Jacques de Larosière, Chairman of the Per Jacobsson Foundation, and Mr. Malcolm D. Knight, General Manager of the BIS, presided over the event, the proceedings of which are presented in this publication.

    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).

    On the occasion of the fortieth anniversary of the Foundation, the second 2004 lecture will be delivered in Washington, D.C., on Sunday, October 3. 2004, in conjunction with the Annual Meetings of the Boards of Governors of the International Monetary Fund and the World Bank. The speaker will be the Honorable Lawrence Summers, President of Harvard University and former Secretary of the U.S. Treasury, The event will be held in the Hall of the Americas at the Headquarters Main Building of the Organization of American States at 17th Street and Constitution Avenue, NW, Washington, D.C. 20006.

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