Global Macro Sessions for the IMF Annual Meetings

October 15, Washington DC

Overview

After two years of pandemic disruption, RBWC is back in Washington DC for the IMF and World Bank annual meetings.

Compared to 2020, the world has dramatically changed. To address the adverse effects of covid-19 lockdowns and curfews, governments have mostly chosen to spend more, while central banks have eased their domestic financing conditions by lowering their interest rates and by implementing quantitative easing policies. This has led economies to benefit from a strong rebound from the 2020 low, but also to surges in end consumer prices, especially in the US.

Furthermore, the war in Ukraine has brought negative consequences for the world economy. The reduction of Russian and Ukrainian supplies of energy, raw materials, and food has led not only to a further surge in prices, especially in the EU, but also to recessive effects as the war and the more-acute-than-ever confrontation between the US and China is progressively depressing global demand.

Nevertheless, optimism has not disappeared: these last two years have been crucial for the development of digital finance. However, these new technologies – which can be key to the next generation of monetary and financial systems – raise many questions.

Thus, in 2022 the world seems brand new, likely entering a new era of stagflation, associating high-energy prices, low growth perspectives, high public debt levels and tightening monetary conditions. It might as also face a new technological and geopolitical context, which could totally reshape its international financial and monetary system. This conference will ponder from various important perspectives what  should be done to remain on track.

Morning Program: Global Governance

10:00-10:15: Coffee and Registration

TRACK I: GLOBAL GOVERNANCE

10:15-12:15: Improving the International Debt Architecture (Roundtable)

CONFIRMED PARTICIPANTS (in alphabetical order/subject to change) 

Masood Ahmed, President, Center for Global Development  (chair)
Sara Burke, Senior Policy Analyst, Friedrich-Ebert-Stiftung (opening remarks)
Daniel Cohen, President, Paris School of Economics and Chair, Finance for Development Lab
Christian Kopf, Chief investment Officer, Union Investments
Brent Neiman Counselor to the Secretary of the Treasury, US Department of the Treasury
Paola Subacchi, Professor of International Economics and Chair Advisory Board, Global Policy Institute at Queen Mary University of London 
Beatriz Weder Di Mauro, President, Center for Economic and Policiy Research

12:15:13:00 : Buffet Lunch

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Afternoon Program: Global Macro and Finance

Program pending responses from further invited speakers and subject to changes

 

12:15:13:00 : Buffet Lunch and Registration

TRACK II: GLOBAL MACRO

13:00-13:15

Welcome Remarks

Marc Uzan, Executive Director , Reinventing Bretton Woods Commitee
Jacob Frenkel, Chairman, Frenkel-Zuckerman Institute for Global Economics

13:15–14:40

Session 1: The Inflation Restart

 

Beat Siegenthaler, Managing Director, UBS Investment Bank (chair)
James Bullard, President, Federal Reserve Bank of Saint Louis 
Philip Lane, Member of the Board, European Central Bank  
Francesco Bianchi, Professor of Economics, The Johns Hopkins University
Masazumi Wakatabe, Deputy Governor, Bank of Japan (TBC)

 

14:45-15:45

Session 2: Emerging Markets in a New Era

 

Massimiliano Castelli, Managing Director, UBS Asset Management (chair)
Sebnem Kalemli-Ozcan, Neil Moskowitz Professor of Economics, University of Maryland, College Park
Martin Galystan, Governor, Central Bank of Armenia
Julio Velarde, Governor, Central Reserve Bank of Peru
Rashad Cassim, Deputy Governor, South Africa Reserve Bank 
Mauricio Villamizar, Member of the Board of Directors, Central Bank of Colombia

TRACK III: DIGITAL MONEY & FINANCE

15:50-16:40

Session 3: CBDC and Private Stablecoins, The Road Towards A New Money Architecture

 

Usman Ahmed, Founding Advisor, The Digital Dollar Project and Head of Global Public Policy and Research, PayPal (chair)
Xiaochen Zhang, Global Head, Innovation & GTM, International Financials, Amazon Web Services
Andreas Dombret, Former Board Member of Deutsche Bundesbank.
Timothy Antoine,Governor, Eastern Caribbean Central Bank
Koba Gvenetazde, Governor, Central Bank of Georgia
Teana Baker-Taylor, Vice President, Policy & Regulatory Strategy, UK/EU, Circle

16:40-17:40 

Session 4: Cross-Border Payments, A Global Public Good?

Erica M. Salinas, Principal Tech Leader for Web3, Amazon Web Services (chair)
Ousmene Mandeng, Senior Advisor, Accenture Blockchain Technology
Andrew B. Samuel, Manager for Prudential Regulatory Policy, Coinbase
Jane Khodarkovsky, General Counsel, Celo Foundation

17:45-18:00 

Closing Remarks

Nouriel Roubini, Professor of Economics NYU and  Author of “Mega Threats”

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