1st Joint Bank of England - Banque de France - IMF - OECD Workshop on International Capital Flows and Financial Policies
October 20-21, 2020
The Bank of England, the Banque de France, the IMF and the OECD are pleased to announce their first annual workshop on International Capital Flows and Financial Policies.
The general objective of the workshop is to deepen the understanding of the benefits and risks of global capital flows and advance the debate on the appropriate financial policy toolkit, including through discussion of the effectiveness and externalities of various policies.
It aims to enhance the dialogue between the research and the policy community on these questions. The workshop will held virtually.
The meeting will take place back-to-back with the meeting of the Advisory Task Force on the OECD Codes of Liberalisation (ATFC).
Organizing Committee:
Mr. Ambrogio.Cesa-Bianchi, Bank of England (Ambrogio.Cesa-Bianchi@bankofengland.co.uk);
Ms. Annamaria de Crescenzio, OECD (Annamaria.deCrescenzio@oecd.org);
Mr. Mark Joy, Bank of England (Mark.Joy@bankofengland.co.uk);
Ms. Annamaria Kokenyne Ivanics, IMF, (AKokeny@imf.org);
Mr. Etienne Lepers, OECD (Etienne.LEPERS@oecd.org);
Mr. Dennis Reinhardt, Bank of England (Dennis.Reinhardt@bankofengland.co.uk);
Ms. Julia Schmidt, Banque de France (Julia.SCHMIDT@banque-france.fr).
Information and registration:
Event by invitation only
| 20 October 2020 | |
| 14:00 |
Opening online registration |
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14.30 |
Opening remarks |
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Laurence Boone , Chief Economist, OECD |
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14.35 |
International capital flows: New geographies, new channels |
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Moderator: Martin Kaufman, Assistant Director, Strategy, Policy and Review Department, IMF |
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14:40 |
“Profit Shifting in the Banking Sector” Tobias Cagala (Deutsche Bundesbank), Alena Wabitsch (Deutsche Bundesbank and European Central Bank) |
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15:05 |
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15:15 |
Q&A |
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15:20 |
“Elusive Safety: The New Geography of Capital Flows and Risk ” Tim Schmidt-Eisenlohr (Federal Reserve Board), Laura Alfaro (Harvard Business School and NBER), Ester Faia (Goethe University Frankfurt and CEPR) |
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15:45 |
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15:55 |
Q&A |
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16:00 |
COFFEE BREAK |
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16:10 |
“US Housing as a Global Safe Asset: Evidence from China Shocks ” Nathan Converse (Federal Reserve Board), William Barcelona (Federal Reserve Board), Anna Wong (Federal Reserve Board) |
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16:35 |
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16:45 |
Q&A |
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16:50 |
“Risk-mitigating effects of being prompt and transparent ” Viktor Stebunovs (Federal Reserve Board), Seung Jung Lee (Federal Reserve Board), Lucy Qian Liu (IMF) |
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17:15 |
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17:25 |
Q&A |
|
17:30 |
End of the first day meeting |
| 21 October 2020 | |
| 14:00 | Opening online registration |
|
14.20 |
Opening remarks |
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Tobias Adrian , Financial Counsellor and Director of the Monetary and Capital Markets Department, IMF |
|
14:25 |
Global cycles, Capital flow surges, Policy responses |
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Moderator: Antonio Gomes, Deputy-Director, Directorate for Financial and Enterprise Affairs, OECD |
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14:30 |
“The Global Financial Cycle and Capital Flows – a Wobbly Link?” Beatrice Scheubel (European Central Bank and CESifo), Livio Stracca (European Central Bank), Cedric Tille (Geneva Graduate Institute and CEPR) |
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14:55 |
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15:05 |
Q&A |
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15:10 |
“Capital Flows at Risk: Taming the Ebbs and Flows” Silvia Sgherri (IMF), Gaston Gelos (IMF), Lucyna Gornicka (IMF), Robin Koepke (IMF), Ratna Sahay (IMF) |
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15:35 |
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15:45 |
Q&A |
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15:50 |
COFFEE BREAK |
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16:00 |
Policy Panel: global capital flows in the current covid setting |
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Moderator: Matthieu Bussière, Director General, Monetary Policy, Banque de France Speakers: Philip Lane, Chief Economist, European Central Bank Ratna Sahay, Deputy Director, Monetary and Capital Markets Department, IMF Linda Goldberg, Senior Vice President, New York Fed and Co-Chair, International Banking Research Network James Talbot, Director of International Directorate, Bank of England
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17:20 |
End of the second day meeting |