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THE CHANGING NATURE AND GEOGRAPHY OF GLOBAL FINANCE
Cusco, Peru
July 18-19, 2019
The world economy is no longer synchronized. Protectionism, the US-China trade war, Europe under Brexit, slowing global economy, declining trade, cross-sanctions, geopolitical risks, are all clearly a ready-made recipe for a potential crisis that the global economy can face in 2019. This process is being heated by the current normalization of monetary policy in developed countries. Global markets are entering a new era of volatility as the world adjusts to higher interest rates after a decade of ultra-loose monetary policy.
Rising uncertainty across the international political and economic landscape also continues to challenge the global financial stability. Particularly, how should central banks react to this environment and embrace the digital revolution?
AGENDA
PANELS
Opening Remarks
Julio VELARDE
Governor, Central Reserve Bank of Peru
Marc UZAN
Executive Director, Reinventing Bretton Woods Committee
Panel 1: Money, Debt, Deficit: Managing the Next Downturn
Julio VELARDE
CHAIR
Governor, Central Reserve Bank of Peru
Fabio NATALUCCI
Deputy Director, Monetary and Capital Markets, IMF
Pablo HERNÁNDEZ DE COS
Governor, Bank of Spain
Fernanda NECHIO
Deputy Governor, Central Bank of Brazil
Alejandro IZQUIERDO
Principal Technical Leader, Research Department, IDB
Panel 2: New Patterns of Global Imbalances
Guillermo ORTIZ
CHAIR
Partner and Board Member, BTG Pactual
Kazumasa IWATA
President, Japan Center for Economic Research
Barry EICHENGREEN
Professor of Economics, UC Berkeley
Gian MILESI-FERRETTI
Deputy Director, Research Department, IMF
Manoj PRADHAN
Founder, Talking Heads Macro
Panel 3: US Economic Policy and Emerging Markets Cycles and Their Future Growth Models
Luis OGANES
CHAIR
Managing Director, Head of Currencies, Commodities and Emerging Markets Research, J.P. Morgan
Moritz SCHULARICK
Professor of Economics, University of Bonn
Alexandre TOMBINI
Executive Director, IMF and Former Governor of the Central Bank of Brazil
Claude LOPEZ
Director of International Finance and Macroeconomics, Milken Institute
György SZAPÁRY
Chief Advisor to the Governor, Central Bank of Hungary
Panel 4: Dedollarisation of the Financial Systems: Lessons and Experience
Jose Dario URIBE
CHAIR
Chair, FLAR
Federico STURZENEGGER
Former Governor, Central Bank of Argentina
Liana CABALLERO
Member of the Board, Central Bank of Paraguay
Turalay KENC
Former Deputy Governor, Turkey
Adrián ARMAS
Chief Economist, Central Bank of Peru
Panel 5: Central Banking in a New Technological Era
Javier PÉREZ
CHAIR
Director of International Economics and Euro Area, Banco de España
José Manuel GONZÁLEZ PARAMO
Executive Board Member, BBVA
Roberto RIGOBON
Professor of Economics, MIT
Warwick MCKIBBIN
Professor of Economics, Australia National University
Eric SANTOR
Advisor to the Governor on
Digitalization, Bank of Canada
Jorge PONCE
Head of Economic Research Department, Central Bank of Uruguay
Panel 6: Implications for the Conduct and Design of Monetary Policies
Victoria NUGUER
CHAIR
Research Economist, IDB
Fiorella DE FIORE
Head of Monetary Policy, BIS
Manuel RAMOS FRANCIA
Director General, Centro de Estudios Monetarios Latinoamericanos
Andrés FERNÁNDEZ
Head of Research, Central Bank of Chile
José Antonio OCAMPO
Member of the Board, Central Bank of Colombia