2nd INFER-Workshop on Financial Markets: Challenges for monetary policy in a global financial market environment
From: 2001-05-11 to: 2001-05-11
Place: Frankfurt am Main, Germany
We would like to thank our sponsors:
The rise of global financial markets is one of the most important economic trends of the last decade. The international mobility of capital has rapidly increased. Global financial and monetary transactions nowadays by far surpass international commodity movements. Furthermore the introduction of the single currency in Europe has established a new international monetary order.
In the future all monetary policy decision will be centred around the new Dollar-Yen-Euro triad. In addition to solving the traditional issues, monetary policy especially needs to meet the challenges brought up by these significant institutional changes in international financial markets. The workshop organised by INFER attempted to cover fundamental theoretical problems resulting from the remarkable globalisation of financial markets, and also examined current issues and problems of monetary policy in the three dominating global currency areas.
An additional objective of the workshop was to discuss the present and future relevance of theoretical models for the making, the analysis and the interpretation of monetary policy. During the workshop economists from various academic, commercial and government institutions had the chance to bring up their current research projects, problems and questions. In addition to the presentations held by these monetary policy experts there was sufficient occasion to elaborate on the topic and to discuss several aspects with other participants of the workshop.
9:00 – 9:20
Dr. Michael H. Stierle, INFER and Oppenheim Research, Köln,
and Marc S. Resinek, Deutsche Bundesbank*, Frankfurt
9:20 – 10:20
Monetary targeting in the euro area: Antiquated strategy or solid stabilizer?
Dr. Thorsten Polleit, Barclays Bank, Frankfurt and PD Dr. Martin Leschke, Universität Münster
10:20 – 11:20
Is a two-pillar monetary policy strategy a satisfying response to the new challenges facing European monetary policy?
Stefan Schneider and Dr. Christoph Harff, Deutsche Bank Research, Frankfurt
11:20 – 11:40
11:40 – 12:40
Exchange rate targeting: A compromise between flexible and absolutely fixed exchange rates?
Prof. Dr. Peter Bofinger, Universität Würzburg
12:40 – 14:00
14:00 – 15:00
Cause or cure? Exchange rate anchors and financial crises in emerging market economies
Dr. Rainer Schweickert, Institut für Weltwirtschaft, Kiel
15:00 – 15:20
15:20 – 16:20
The future role of the euro on international financial markets
Dr. Ulrich Grosch, Deutsche Bundesbank, Frankfurt
16:20 – 17:00
*: Marc Resinek did not attend as an official representative of the Deutsche Bundesbank.
All papers presented at the workshop have been published as INFER Studies Vol. 4 by the Verlag für Wissenschaft und Forschung. Click here for information about the conference volume.
INFER Workshop in Kaifeng - Extended deadline
event starting date: 2016-03-18
Extended deadline for the INFER Annual Conference 2017
Extended deadline news
Extended deadline news
Stocks or flows? New thinking about monetary transmission through the lending channel
Author: Javier Villar Burke
What is Different about Urbanization in Rich and Poor Countries? Cities in Brazil, China, India and the United States
Author: Juan Pablo Chauvin Edward Glaeser Yueran Ma Kristina Tobio
Taxing Vacant Apartments: Can fiscal policy reduce vacancy?
Author: Mariona Segú Benjamin Vignolles