The coincidence of the rise of this new financial system and the current financial crisis has naturally led to a great deal of fascinating research on the links between competition, stability, and efficiency in the financial sector. In this seminar we aim to take stock of this research effort,...

The following topics are likely to be covered: • an introduction to recent research on exchange rates, in particular market microstructure models, behavioural finance models as well as the new ‘open economy’ macroeconomic paradigm; • reserve currency issues and aspects of foreign...

Topics likely to be covered include: • the objectives of monetary policy and optimal policy under commitment and discretion; • methods for estimating policy rules and objective functions; • forecasting with and without endogenous monetary policy; • modelling the zero lower bound on...

Financial regulation is usually justified by pointing to market imperfections that regulation seeks to address. Yet all real-world markets are imperfect and the welfare costs arising from these imperfections create strong incentives for market participants to devise their own solutions....

The seminar will focus on a wide range of financial stability issues. The topics covered in the event will fit within the following broad themes: • the enhanced role of the Bank of England in the UK framework for financial stability; • identification and assessment of key risks to financial...

This seminar will look at recent developments in money market operations, including the response of central banks to the recent financial market turbulence. In addition it will consider how monetary operations interact with a central bank’s financial stability and regulatory mandates [gemäß...

The upheavals in the global financial and economic landscape of recent years, together with fast-moving changes in information technology have posed particular challenges for central banks’ communications strategies. This workshop provides a forum for central bank experts to share experiences...

The aim of this workshop is to allow those responsible for the design and implementation of such policies to deepen their theoretical understanding of monetary operations and to compare and contrast experiences with their peers. The following topics will be covered: • scale of liquidity...

This event will cover both theoretical and empirical analyses of the functioning of the international monetary system, and the event director is soliciting paper submissions from participants that cover, but are not limited to, the following topics: • the interplay between domestic policy...

The seminar will focus on the following topics: • an introduction to the relevant theory; • expert overviews of key markets and topics; • financial market regulation; and • an in-depth examination of a particular market and/or topic (in recent years we have focused upon real estate...