The Banco de España is hosting the inaugural edition of the Banco de España LatAm Economic Forum, entitled Capital Flows, Exchange Rates, and Geopolitics.
The event will convene central bank representatives and distinguished academic experts in a setting designed to promote rigorous debate and the exchange of ideas. José Luis Escrivá, Governor of the Banco de España, and Soledad Núñez, Deputy Governor, will participate in the event.
Agenda
Friday, 8 May
Keynote speech: Stablecoins and the future of money: separating functions from instruments
Christine Lagarde (ECB)
Chair: Gabriel Galípolo (Banco Central do Brasil)
Session I. Tariffs and geoeconomics
Chair: John Rolle (Central Bank of Bahamas)
Session II. Exchange rates and monetary policy
Chair: Guillermo Tolosa (Banco Central del Uruguay)
- Sebnem Kalemli-Özcan (Brown University): Exchange Rates and Monetary Policy
(2 MB) - Silvana Tenreyro (London School of Economics): Dollar Dominance and Monetary Policy (1 MB)
- Maurice Obstfeld (Peterson Institute for International Economics): Exchange Rates and Monetary Policy, Research Insights and Current Challenges (671 KB)
Session III. Managing capital flows
Chair: Leonardo Villar (Banco de la República - Colombia)
- Hélène Rey (London Business School): Capital Flows, Exchange Rates, and Geopolitics (1 MB)
- Laura Alfaro (Inter-American Development Bank): Managing Capital Flows:2026 Economic Outlook in Latin America and the Caribbean (1 MB)
- Agustín Carstens: Nonbank Financial Intermediation and Financial Stability: A Perfect Storm in the Making? (237 KB)
Session IV. Tariffs, exchange rates and monetary policy
Chair: Álvaro Santos Pereira (Banco de Portugal)
