Liebe Kolleg:innen Ich darf Euch/Ihnen beiliegende Einladung für die SUERF Annual Lecture 2024 mit Prof Dr. Martin Hellwig zum Thema "Monetary Policy and the Business of Central Banking"<https://www.suerf.org/events/monetary-policy-and-the-business-of-central-banking/> mit anschließender Panel-Diskussion (Sarah Bell, Head of Central Banking Studies, BIZ, Stefan Ingves, ehem. Riksnank-Gouverneur) am 04.11.2024 in der OeNB weiterleiten. Die Teilnahme ist kostenlos, es ist aber bitte eine Anmeldung über diesen Link<https://www.oenb-events.at/en/suerf-annual-lecture-and-panel-discussion/registration/#io-content-registration> erforderlich. Bitte auch gerne an interessierte Kolleg:innen weiterleiten! Wir freuen uns auf zahlreiches Erscheinen und eine rege Diskussion! Ernest Gnan ________________________________________________ Prof Dr Ernest Gnan Secretary General, SUERF – The European Money and Finance Forum Honorary Economic Advisor to the OeNB Governor ernest.gnan@oenb.at<mailto:ernest.gnan@oenb.at> +43 664 4333384 • @dr_gnan<https://twitter.com/dr_gnan> • LinkedIn<https://www.linkedin.com/in/ernest-gnan-8a6957ab/> • www.suerf.org<http://www.suerf.org/> [Eventheader] Invitation We have the pleasure of inviting you to the SUERF Annual Lecture and Panel Discussion "Monetary Policy and the Business of Central Banking<https://www.suerf.org/events/monetary-policy-and-the-business-of-central-banking/>" which the Oesterreichische Nationalbank (OeNB) will host in cooperation with SUERF on Monday, 4 November 2024, in Vienna (hybrid). Motivation Behind their role as policy makers, central banks are also businesses with many operational tasks which the public is little aware of. They finance the various services which they provide to the public out of “seigniorage” income (the income generated from issuing central bank money), which is influenced by the composition and the properties (risk, return) of the assets and liabilities in their balance sheets. The SUERF Annual Lecture will start from current discussions about the losses incurred by central banks and ask whether there is a conflict between the policy mandate of the central bank and the viability of the central bank as a business, which is essential to its independence. Sources of losses, such as the risk on assets held and the interest paid on reserves, will be considered, as will be the relation of these phenomena to monetary policy and to the central bank’s mandate. In a longer perspective, central banks’ “business model” as such may need reconsideration as seigniorage may be disappearing in a digitalized world. The SUERF Annual Lecture will highlight topical perspectives relevant in this context from one of Europe’s leading academic researchers in the field. Two senior policy makers will add their perspectives. There will be ample room for interaction among the panel and with the audience. CET Monday, 4 November 2024 13:30 Registration and coffee 14:00 Opening remarks Robert Holzmann, Governor, OeNB SUERF Annual Lecture - Monetary Policy and the Business of Central Banking Prof Martin Hellwig, Director (em.), Max Planck Institute for Research on Collective Goods Panel discussion and Q&A with the audience Sarah Bell, Head of Central Banking Studies, BIS Stefan Ingves, Senior Fellow, Swedish House of Finance | former Governor, Sveriges Riksbank Moderated by Ernest Gnan, Secretary General, SUERF 16:00 Closing REGISTRATION Please register here<https://www.oenb-events.at/en/suerf-annual-lecture-and-panel-discussion/registration/#io-content-registration> for your personal registration link, with which you can complete the registration process. Venue The event is planned both on site at the Oesterreichische Nationalbank, Veranstaltungssaal, Ground Floor (Otto-Wagner-Platz 3, 1090 Vienna) or online via Webex. We look forward to having you join us at the SUERF Annual Lecture and Panel Discussion. Yours sincerely, SUERF & OENB Event Management SUERF - The European Money and Finance Forum c/o OeNB, Otto-Wagner-Platz 3, A-1090 Vienna<https://maps.google.com/?q=Otto-Wagner-Platz+3,+A-1090+Vienna&entry=gmail&source=g> +43 1 40420 7216<mailto:+43%201%2040420%207216> I suerf@oenb.at<mailto:suerf@oenb.at> I www.suerf.org<http://www.suerf.org/> Follow us LinkedIn<https://www.linkedin.com/company/suerf---the-european-money-&-finance-forum/?viewAsMember=true> I X<https://twitter.com/suerf_org> I YouTube<https://www.youtube.com/@suerf-theeuropeanmoneyfina7105> Diese E-Mail kann vertrauliche Informationen enthalten und irrtümlich an Sie gelangt sein. In diesem Fall informieren Sie bitte sofort die Absenderin bzw. den Absender und vernichten Sie diese E-Mail. Das unerlaubte Kopieren sowie die unbefugte Weitergabe dieser Mail oder von Teilen dieser Mail sind nicht gestattet. Informationen gemäß DSGVO zur Verarbeitung personenbezogener Daten durch die OeNB finden Sie unter www.oenb.at/datenschutz<https://www.oenb.at/datenschutz>.