| 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. TOPICS
- Challenges for monetary policy strategies and operations,
- The future of financial globalization,
- Financial reform and prospects for a renewed international financial architecture,
- Are there limits to the relative size of the financial sector?
- What future for the New Keynesian canonical macro model?
KEYNOTE SPEAKER:
Geert Bekaert, Leon G. Cooperman Professor of Finance and Economics, Columbia Business School WEBSITES:
More information on the conference will be available at:
ORGANIZING COMMITTEE:
- 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) |