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The ECB and Its Watchers XIV

June 15, 2012

Deutsche Nationalbibliothek
Frankfurt am Main

Program

08:15 – 08:45

Registration and Coffee

08:45 – 08:50

Welcome

Volker Wieland, Institute for Monetary and Financial Stability & Center for Financial Studies

08:50 – 09:30

President's Address

Mario Draghi, President, European Central Bank)

09:30 – 10:30

Debate 1: What Is the Appropriate Regulatory Structure for Managing Systemic Risk in the Banking Sector? What are the most important Challenges for the EU in this regard?

Chair:
Jan Krahnen, Center for Financial Studies

Speakers:
John Vickers, Oxford University
José Campa, IESE, University of Navarra

Lead questions:
Beatrice Weder di Mauro, University of Mainz

10:30 – 11:00

Coffee Break

11:00 – 12:30

Debate 2: ECB Liquidity Provision in Stressful Times: Has It Been Insufficient, Appropriate or Excessive? Has the ECB Dealt Effectively with the Challenges It Faces in A Heterogeneous Monetary Union?

Chair: 
Michael Binder, Center for Financial Studies

Speakers:
Peter Praet, European Central Bank
Lucrezia Reichlin, London Business School
Willem Buiter, Citi Investment Research & Analysis

Lead questions:
Manfred Neumann, University of Bonn
Luigi Buttiglione, Brevan Howard Asset Management

12:30 – 14:00

Lunch

14:00 – 14:40

Speech: Divergences and Adjustment in the Euro Area

Chair: 
Volker Wieland, Institute for Monetary and Financial Stability & Center for Financial Studies

Speaker:
Vítor Gaspar, State Minister of Finance, Portugal

Lead questions:
Gertrude Tumpel-Gugerell, formerly Member of the Board, ECB
Ulrich Kater, Dekabank

14:40 – 16:10

Debate 3: Euro Area Governance: Are the Reform of the Fiscal Framework and National Consolidation Efforts Effective in Containing the Sovereign Debt Crisis? Is the Burden-Sharing Between Monetary and Fiscal Authorities Appropriate, or has the ECB Ventured Too Far into the Fiscal Domain? Does the Euro Zone Suffer from a Balance-of-Payments Crisis?

Chair:
Michael Binder, Center for Financial Studies

Speakers:
Lucio Pench, European Commission
Hans-Werner Sinn, CESifo, University of Munich
Stefan Gerlach, Central Bank of Ireland

Lead questions:
Julian Callow, Barclays Capital
David Marsh, OMFIF
Michael Melvin, Blackrock
Helmut Siekmann, Institute for Monetary and Financial Stability