5th Annual Macroprudential Conference
The topics discussed at the conference included a case study on the Japanese banking crisis, an analysis of central bank-issued digital currencies, a study on borrower and lender resilience, an assessment of post-crisis capital rules and their governance, a critical appraisal of the concept of GDP at risk, and a study on the independence of macroprudential policy during a fiscal crisis. Top academics and policymakers prepared or discussed papers on these topics, and Jean Tirole (Toulouse School of Economics, winner of the 2014 Nobel Prize in Economics) gave a keynote speech. Jens Weidmann, President of the Deutsche Bundesbank, delivered the opening address.
Scientific committee:
- Viral V Acharya, Reserve Bank of India
- Darrell Duffie, Graduate School of Business, Stanford University
- Anil Kashyap, University of Chicago's Booth School of Business
- Nobuhiro Kiyotaki, Princeton University
- Rafael Repullo, Centre for Monetary and Financial Studies (CEMFI), Madrid
- Hélène Rey, London Business School
Organising committee:
- Emanuel Mönch, Deutsche Bundesbank
- Jakob de Haan, De Nederlandsche Bank
- Jonas Niemeyer, Sveriges Riksbank
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Speakers' notes
Welcome address
Session 1: Causes of Japanese financial crisis in the late 1990s
Chair: Joanne Kellermann - Former SRB Board Member
Session 2: Central bank-issued digital currency: The future of money and banking?
Chair: Markus K Brunnermeier – Princeton University
Session 3: Basel III Capital and macroprudential governance
Chair: Kristin J Forbes – Massachusetts Institute of Technology
Session 4: Borrower and lender resilience
Chair: Agnès Bénassy-Quéré – Paris School of Economics
Keynote speech
Dinner welcoming remarks
Session 5: The fiscal footprint of macroprudential policy
Chair: Ester Faia – Goethe University, Frankfurt
Session 6: Financial variables as predictors of real growth vulnerability
Chair: Elena Carletti – Bocconi University, Milan