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At the Kansas City Federal Reserve Bank’s annual conference in Jackson Hole, Wyoming, participants focused on the question of how to prepare for future economic downturns. Anil Kashyap, Edward Eagle Brown Professor of Economics and Finance, and Raghuram Rajan, Eric J. Gleacher Distinguished Service Professor of Finance, along with Harvard University economist Jerome Stein suggested the development of "insurance policies" that would provide the banking sector with fresh capital when it needed it most. An article in the Wall Street Journal described the response to their proposal as creating "the biggest buzz" at the symposium. The idea “aims to reduce the adverse consequences of a crisis, while making sure the private sector picks up the bill,” said Rajan in the Toronto Star. For more on the debate of how to handle financial crises, see the stories below.