|
We have the pleasure of inviting you to the
“Macroprudential Policy and the End of the Zero-Interest-Rate Environment”
workshop , which the
National Bank of Slovakia in cooperation with
SUERF – The European Money and Finance Forum will host as a hybrid event
(in person and online) on Wednesday, 5th October 2022.
Motivation
The current environment of high inflation, tightening monetary policy, and more generally a highly uncertain macroeconomic outlook creates new challenges to macroprudential authorities throughout Europe and the world.
Macroprudential policy is still a relatively new economic policy tool, and this is practically the first time since macroprudential policy has become widely used in the aftermath of the Global Financial Crisis, that policy interest rates are on a clear upward
trajectory in response to severe inflationary pressures. As a result, it is currently particularly challenging for macroprudential policy makers to assess the impact of macroprudential tools on the demand and supply of loans, on asset prices, credit risk and
other fields related to financial stability. To discuss the potential implications of these development, especially tightening monetary policy, on macroprudential policy, SUERF, together with the National Bank of Slovakia organizes a workshop entitled
Macroprudential Policy and the End of the Zero-Interest-Rate Environment. The aim of the workshop
is to bring together the cross-country perspective of international organizations and recent country-specific experiences in dealing with this new and challenging environment for macroprudential policy making.
|
CET
|
Program
|
|
12:00
|
Registration and standing lunch
|
|
13:00
|
Welcome remarks
Ludovit Odor, Deputy Governor, Národná banka Slovenska
|
|
13:15
|
Keynote Lecture
Cornelia Holthausen, Director General, Macroprudential Policy and Financial Stability, ECB
Chair: Ludovit Odor, Deputy Governor, Národná banka Slovenska
|
|
13:45
|
Session 1: Global Comparative Perspective
Chair:
Fátima Silva, Head of Macroprudential Policy Division, Banco de Portugal
Christopher Erceg, Deputy Director, Monetary and Capital Markets Department, IMF
Aaron Mehrotra, Principal Economist, Monetary and Economic Department, Emerging Markets, BIS
Marco Lo Duca, Adviser, Macroprudential Policy, ECB
|
|
15:15
|
Coffee
|
|
|
|
|
15:45
|
Session 2: Country Experiences
and
Perspectives
Chair:
Reiner Martin, Director, Head of Research, Národná banka Slovenska
Markus Schwaiger, Director, Department for Financial Stability, OeNB
Marek Licak, Director Financial Stability Department, Národná banka Slovenska
Jan Frait, Executive Director, Financial Stability Department, Czech National Bank
|
|
|
|
|
17:15
|
End
|
|
Date
Venue
Registration
Webpage
|
Wednesday, 5 October 2022
Národná banka Slovenska
Imricha Karvaša 1, 813 25 Bratislava
or
Online via Webex
To participate, please register by using the following link
here.
www.suerf.org/nbs
|
Feel free to share this invitation with colleagues in your institution
who might be interested to attend!
On behalf of the program committee and the co-organizing institutions,
We look forward to your participation!
www.suerf.org/nbs
Program Committee
Ernest Gnan, OeNB and SUERF,
Reiner Martin and Ján Klacso, Národná banka Slovenska
|
