Dear colleagues You may be interested in the attached workshop. Please feel free to forward to other interested colleagues. Participation is possible either in person or online. Please register here<https://www.suerf.org/registration/9615/nbs>. Kind regards Ernest Gnan Prof Dr Ernest Gnan Secretary General, SUERF – The European Money and Finance Forum www.suerf.org<http://www.suerf.org/> Counsel to the Board Head, Monetary Policy Section Oesterreichische Nationalbank PO box 61, 1011 Vienna, Austria ernest.gnan@oenb.at<mailto:ernest.gnan@oenb.at> +43 1 40420 7400 [cid:image002.jpg@01D8C44F.F3C2A5B0] Invitation We have the pleasure of inviting you to the “Macroprudential Policy and the End of the Zero-Interest-Rate Environment”<https://www.suerf.org/nbs> workshop , which the National Bank of Slovakia<https://nbs.sk/en/> 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<https://www.suerf.org/nbs>. 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<https://www.suerf.org/registration/9615/nbs>. www.suerf.org/nbs<http://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<http://www.suerf.org/nbs> Program Committee Ernest Gnan, OeNB and SUERF, Reiner Martin and Ján Klacso, Národná banka Slovenska 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> Tel: +43 1 40420 7216<tel:+431404207216> - E-mail: suerf@oenb.at<mailto:suerf@oenb.at>. Privacy Policy<https://www.suerf.org/privacy-policy> I Terms and Conditions<https://www.suerf.org/terms-and-conditions>. [Suerf On Twitter] <https://twitter.com/suerf_org> [Suerf On LinkedIn] <https://www.linkedin.com/company/suerf---the-european-money-&-finance-forum> Der Euro hat für uns alle viele Vorteile. Alle Infos zu 20 Jahre Euro-Bargeld unter: http://www.euroat20.at Diese E-Mail kann vertrauliche Informationen enthalten und irrtümlich an Sie gelangt sein. 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