Not all macro-financial crises are created equal. Some of them are homegrown, fed by a bursting property bubble. Others barge in from the outside, like an unwanted infectious guest. How do central banks manage these different crises?

Join us for a live webinar on Approaches to Financial Crisis with Former Governors, Patrick Honohan of the Central Bank of Ireland and Már Guðmundsson of the Central Bank of Iceland. This event is moderated by our own Professor Eli Remolona and is part of our Conversations on Central Banking series.

 

About the Panelists

Patrick Honohan - Central Bank of Ireland

Patrick Honohan joined the Peterson Institute for International Economics in March 2016 as a non-resident senior fellow. Honohan was the Governor of the Central Bank of Ireland and a member of the governing council of the European Central Bank from September 2009 to November 2015. Previously he spent 12 years on the staff of the World Bank as a senior advisor on financial sector issues. During the 1990s he was a research professor at Ireland's Economic and Social Research Institute. He also spent earlier spells at the Central Bank of Ireland and at the International Monetary Fund.

A graduate of University College Dublin, he received his PhD in economics from the London School of Economics in 1978. In recent years, Honohan's research has focused on monetary and financial sector policy. His work on financial crises includes an evaluation of how different policy approaches have affected the overall cost of these crises in both developing countries and advanced economies.

Már Guðmundsson - Central Bank of Iceland

Már Guðmundsson was the Governor of the Central Bank of Iceland from 2009 to 2019. From 2004 until his appointment as Governor, he served as Deputy Head of the Monetary and Economic Department (MED) at the Bank for International Settlements. From 1994 to 2004 he was Chief Economist and Director of the Economics Department at the Central Bank of Iceland, having before worked at the Central Bank and been economic adviser to the Minister of Finance (1988-1991).

Már Guðmundsson has MPhil degree in Economics from the University of Cambridge. He has been a member of several government appointed committees and was 1998-1999 an IMF/MAE adviser to the Central Bank of Trinidad and Tobago. He has published several articles in books and economic journals on macroeconomics, monetary policy, exchange rate regimes, financial stability, and pensions and has served on the editorial boards of economic journals in Iceland, at the BIS, and in the UK.