Narodowy Bank Polski


Heterogeneous Nations and Globalized Financial Markets:
New Challenges for Central Banks

June 10-11, 2010, Warsaw

Conference programme Useful information

Central banks are facing renewed challenges on several fronts. There are pressures to reverse the dominance of globalized financial markets which appear in conflict with the individual macroeconomic needs of a heterogeneous group of countries. These developments are likely to have a profound effect not only on how monetary policy is delivered but also pose challenges, for example, to the existing canonical New Keynesian model to more formally incorporate a role for the financial sector. Above all, a new regulatory environment may replace the existing financial architecture and this too will represent new challenges for central banks.


  1. Challenges for monetary policy strategies and operations,
  2. The future of financial globalization,
  3. Financial reform and prospects for a renewed international financial architecture,
  4. Are there limits to the relative size of the financial sector?
  5. What future for the New Keynesian canonical macro model?

Geert Bekaert, Leon G. Cooperman Professor of Finance and Economics, Columbia Business School

More information on the conference will be available at:


  • Martin Bohl
    (Westfälische Wilhelms-Universität Münster)

  • Michał Brzoza-Brzezina
    (National Bank of Poland, Warsaw School of Economics)

  • Bernd Kempa
    (Westfälische Wilhelms-Universität Münster)

  • Ryszard Kokoszczyński
    (National Bank of Poland, Warsaw University)

  • Pierre Siklos
    (Wilfrid Laurier University, Viessmann European Research Centre)

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Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa

+48 22 185 10 00
NIP: 525-000-81-98
REGON: 000002223
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