Stiftungskonferenz 2011

The ESRB at 1

Die Stiftungskonferenz 2011 wurde gemeinsam von der Deutschen Bundesbank, der Société Universitaire Européenne de Recherches Financières (SUERF) und dem IMFS veranstaltet.

Veranstaltungsort: Hotel Pullman Berlin Schweizerhof, Budapesterstrasse 25, D-10787 Berlin

Konferenz-Webseite

Konferenzbericht im SUERF Newsletter, April 2012

Konferenzband

Programm (inkl. Präsentationen)

Dienstag, 8. November 2011


12:00-13:00

Registration and Working Lunch

13:00-13:15

Opening and Welcome

Hermann Remsperger, Chairman, Stiftung Geld und Währung
Catherine Lubochinsky
, SUERF President, University Paris,
Helmut Siekmann
, Institute for Monetary and Financial Stability

13:15-14:00

Keynote Session

Chairperson: Stefan Gerlach, Deputy Governor, Central Bank of Ireland

"Systemic Aspects of Risk Measurement and Risk Management: Lessons from the Financial Crisis"
Martin Hellwig
, Max-Planck-Institute and ESRB
Presentation

14:00-14:20

Coffee break

14:20-15:50

Policy Panel

Moderator: Mark Schieritz, Die Zeit

"Macroprudential Policies"
Philipp M. Hildebrand, President, Schweizerische Nationalbank

"Measurement of Systemic Risk"
Stephen G. Cecchetti, Bank for International Settlements
Presentation

"Experiences with the ESRB - the view from within and in relation to other policy areas/institutions"
Stefan Ingves, Governor, Sveriges Riksbank
Presentation

"Financial Markets"
Alberto Giovannini
, UniFortune Asset Management SGR SpA

15:50-16:15

Coffee break

16:15-16:45

Keynote Session

Chairperson: Stefan Gerlach, Deputy Governor, Central Bank of Ireland

Jens Weidmann, President, Deutsche Bundesbank
Speech
 | HTML

16:45-18:15

Session 1: Theoretical and empirical macro-financial models linking financial stability and the performance of the economy

Chairperson: Jens Ulbrich, Deutsche Bundesbank and SUERF

"Financial Regulation in General Equilibrium"
Dimitrios Tsomocos, Oxford University and
Alexandros Vardoulakis, Banque de France
Paper |  Presentation

"Macro-financial models linking financial stability and the performance of the economy"
Philipp Hartmann, European Central Bank and SUERF
Presentation

"Financial intermediation and the real economy: implications for monetary and financial stability policies"
Stefano Neri
, Banca d'Italia
Paper
 |  Presentation

18:15

End of first day's proceedings

19:30

Dinner, Opernpalais, Unter den Linden 5, D-10117 Berlin

Dinner Speech: "Macroprudential policies and financial integration"
Jürgen Stark
, European Central Bank


Mittwoch, 9. November 2011

9:30-11:00Session 2: Empirical models on the causes, transmission and the real impact of financial crises

Chairperson: Ernest Gnan, Oesterreichische Nationalbank and SUER

"Private Sector Debt Reduction and Growth"
Előd Takáts and Christian Upper, Bank for International Settlements
Presentation

"Macroeconomic factors and bank-level risk"
Claudia Buch
, University of Tübingen
Sandra Eickmeier
, Deutsche Bundesbank,
and Esteban Prieto, University of Tübingen
Paper
 |  Presentation

"Creditless Recoveries"
Abdul Abiad, Giovanni dell’Ariccia 
and Bin Li, International Monetary Fund
Presentation

11:00-11:30

Coffee break

11:30-13:00

Session 3: Measuring Systemic Risk

Chairperson: Thilo Liebig, Deutsche Bundesbank

"Measuring aggregate risk: can we robustly identify asset boom-bust cycles? Implications for macroprudential policies"
Vladimir Borgy, Laurent Clerc and Jean-Paul Renne, Banque de France
Paper |  Presentation

"Attributing Systemic Risk to Individual Institutions"
Ester Faia
, Goethe University Frankfurt
Presentation

"Dealing with Systemic Risk When We Measure Systemic Risk Badly"
Jon Danielsson, Kevin R. James, Marcela Valenzuela and Ilknur Zer, London School of Economics
Presentation

13:00-14:15Lunch

14:15-15:45

Session 4: Macroprudential instruments to contain systemic risk

Chairperson: Jürgen Pfister, BayernLB and SUERF

"Applied Approaches"
Jorge A Chan-Lau, International Monetary Fund

"Macroprudential Instruments for containing Systemic Risk: the ESRB View"
Francesco Mazzaferro, 
ESRB Secretariat

"Development of macroprudential policy in the UK"
Simon Hall, Bank of England
Presentation

15:45-16:15Concluding Remarks

Volker Wieland, Institute for Monetary and Financial Stability
Presentation

16:15End of event