Monetary Policy and Macro-Prudential Regulation with High Level of Liquidity: New Policy Challenges for Macro and Financial Stability in Emerging Markets
Rio de Janeiro, Brazil
June 30 – July 1, 2011
Partners
Overview
As part of the French G20 presidency, we organized a seminar in Rio with the central bank of Brazil in order to help develop a clearer understanding of the new macro economic framework post crisis, including the need to have a process for capital account management. Is it possible for policy makers to ensure both price and financial stability? What are the policy instruments available to reduce the pro-cyclicality of the financial system while controlling inflation? We also debated the question of how emerging markets can address the problems posed by excessive credit growth and asset price bubbles,and we discussed at length what constitutes the most efficient combination of policy instruments.
Agenda
Speakers
- Alan BLINDER: Princeton University
- Alexandre TOMBINI: Central Bank of Brazil
- Alexey ULYUKAEV: Central Bank of Russia
- Arminio FRAGA: Gavea Investment
- Benoit COEURE: Ministry for the Economy, Industry and Employment, France
- Beny PARNES: BBM
- Bernard APPY: BMF-BOVESPA
- Carlos HAMILTON VASCONCELOS: Central Bank of Brazil
- Carlos KAWALL: Safra
- Claudio BORIO: BIS
- David VERGARA: IMF
- Diego RODRIGUEZ PALENZUELA: ECB
- Eduardo FERNANDEZ ARIAS: IADB
- Eduardo LOYO: BTG Pactual
- Frederic S. MISHKIN: Columbia University
- Gang YI: People’s Bank of China
- Ignazio VISCO: Banco d’Italia
- Ilan GOLDFAJN: Itau Unibanco
- Jae Chun KIM: Bank of Korea
- Jean Pierre LANDAU: Bank of France
- Joaquim LEVY: Bradesco Asset Management
- Joerg ASMUSSEN: Federal Ministry of Finance, Germany
- John MURRAY: Bank of Canada
- Joshua AIZENMAN: UCSC
- Karim EL AYNAOUI: Central Bank of Morocco
- Leonardo LEIDERMAN: Tel Aviv University
- Luiz AWAZU PEREIRA DA SILVA: Central Bank of Brazil
- Mahmoud MOHIELDIN: World Bank Managing Director and G20 Deputy
- Manuel RAMOS FRANCIA: Central Bank of Mexico
- Maria Helena SANTANA: CVM
- Michael DOOLEY: UCSC
- Murilo PORTUGAL: FEBRABAN
- Octavio DE BARROS: Bradesco
- Otaviano CANUTO: World Bank
- Pier Carlo PADOAN: OECD
- Pierre Richard AGENOR: University of Manchester
- Rakesh MOHAN: Yale University, Former Central Bank of India
- Ramon MORENO: BIS
- Samir ASSAF: HSBC
- Samuel PESSOA: FGV/RJ
- Stijn CLAESSENS: IMF