Centre for Economic Policy Research

Partner, 
Banque Pictet & Cie, Geneva
President, 
CEPR, London
Vice-President, Head Financial Services Research,
Credit Suisse Financial Services, Zürich
Head of Financial Markets, 
Bank for International Settlements, Basel
Honorary Executive Director, 
National Bank of Belgium, Belgium
Chairman of the Executive Committee, 
Barclays Capital, London
Managing Director, 
HM Treasury, London
Chairman, 
Argus Fund, Geneva
Chief Economist, Economic Research, 
Crédit Suisse First Boston, New York
Professor of International Economics, 
Graduate Institute of International Studies,
Geneva
Vice Governor, Economics and Financial Markets
Department, 
Oesterreichische Nationalbank, Vienna
Director, European Analysis, 
Tudor Investment Corporation, Washington DC
Professor of Economics, 
University of Lausanne, Lausanne
Professor of Economics, 
Rutgers University, New Brunswick
Deputy Director, Financial System, 
National Bank of Poland, Warsaw
Professor of International Economics, 
Graduate Institute of International Studies,
Geneva
List of Conference Participants xi
Tommaso Padoa-Schioppa
Avinash Persaud
Michel Peytrignet
Charles Pictet
Richard Portes
Cesare Ravara
Eli Remolona
Jean-Jacques Rey
Hans-Jörg Rudloff
James Sassoon
Claudio Segré
Neal Soss
Alexander Swoboda
Gertrude Tumpel-Gugerell
Angel Ubide
Ernst-Ludwig von Thadden
Eugene N White
Pawel Wyczanski
Charles Wyplosz

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List of Figures
Figure 2.1
The boom and crash, 1995-2003
18
Figure 2.2
Initial public offerings, 1980-2001
18
Figure 3.1
Percentage of fee revenues by business unit
33
Figure 3.2
Distribution of fee split revenues
33
Figure 5.1
Dow Jones, 1900-1904
58
Figure 5.2
Dow Jones, 1926-32
60
Figure 5.3
Monthly NYSE stock sales, 1920-30
60
Figure 5.4
New stock issues, 1919-41
61

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