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Central Bank (R)evolutions

17 June 2013


The conference, co-organized by the Banco de España and the World Bank, brought together the views of outstanding academics and policy makers to discuss on the challenges ahead for central banks. They addressed the implications of integrating macro-prudential policies, including their required institutional setting given in the Central Bank framework and also between different authorities, within and supranationaly. Further, we reflected on the consequences of the deep changes undergoing monetary policymaking, in the current context, when there is a change in emphasis on the objectives and an extension of the scope of the policies, beyond inflation targeting.

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17 June 2013
09.15 - 09.30
Opening Remarks

Luis M. Linde File PDF: Opens in a new window (60 KB)

09.30 - 11.00
Fitting macroprudential into the picture. Implications for central banks

Pilar L´Hotellerie-Fallois (Banco de España)

Augusto de la Torre File PDF: Opens in a new window (239 KB) (World Bank)
Nigel Jenkinson File PDF: Opens in a new window (50 KB) (FSB)
Philipp Hartmann File PDF: Opens in a new window (533 KB) (ECB)
Javier Suárez File PDF: Opens in a new window (22 KB) (CEMFI)

11.30 - 13.00
Central banks’ new challenges

Chairperson and panelist:
- José Luis Malo de Molina (Banco de España)

- José Luis Malo de Molina File PDF: Opens in a new window (177 KB) (Banco de España)
- Thomas Mayer File PDF: Opens in a new window (461 KB) (Deutsche Bank)
- Adam Posen (Peterson Institute)
- Rodrigo Valdés File PDF: Opens in a new window (204 KB) (BTG Pactual)

13.10 - 14.00
Keynote speech: “Monetary and Macroprudential Policy in a Currency Union”

Augusto de la Torre (World Bank)

Markus Brunnermeier File PDF: Opens in a new window (2 MB) (Princeton)