Czech National Bank Workshop on Financial Stability and Macroprudential Policy
Current Issues in Financial Stability, Macroprudential Policy, and Regulation
Prague, 17–18 December 2024
Czech National Bank Congress Centre (The Commodity Exchange), Senovážné nám. 30, Prague 1
The conference is open to registered participants only. To register, please use the registration form. The registration is open until 9 December 2024.
Program
Tuesday, 17 December 2024
All times are in Central European Summer Time.
| 8.30 | Registration & Morning Coffee |
| 8.55 | Opening Remarks Simona Malovaná, Director of Financial Research Division, Financial Stability Department, Czech National Bank |
| 9:00 | Pushing the Limit: How Borrowers Tackle the Belgian LTV Cap Lara Coulier, Selien De Schryder, Milan van den Heuvel, Tobias Verlaeckt (Ghent University) Discussant: Edward Gaffney (Central Bank of Ireland) |
| 9:40 | The Trade Channel of Macroprudential Policies: Evidence from Spain’s Export and Import Partners Maria Alejandra Amado (Bank of Spain), Carlos Burga (PUC-Chile), Jose E. Gutierrez (Bank of Spain) Discussant: Ján Klacso (National Bank of Slovakia) |
| 10:20 | What Do 12 Billion Card Transactions Say About House Prices and Consumption? Knut Are Aastveit, Jesper Böjeryd, Magnus A. H. Gulbrandsen, Ragnar Juelsrud, Kasper Roszbach (Norges Bank) Discussant: Denis Gorea (Bank for International Settlements) |
| 11:00 | Coffee break |
| 11:15 | Keynote Speech: Fund Fragility: The Role of Investor Base Marie Hoerova, European Central Bank |
| 12:15 | Lunch |
| 13:30 | Investment Funds and Euro Disaster Risk Pablo Anaya Longaric, Katharina Cera, Georgios Georgiadis (European Central Bank) Discussant: TBA |
| 14:10 | Non-bank Lending and the Transmission of Monetary Policy Dominic Cucic, Denis Gorea (Bank for International Settlements) Discussant: Anisa Tiza Mimun (European Central Bank) |
| 14:50 | Do Non-bank Lenders Mitigate Credit Supply Shocks? Evidence from a Major Bank Exit Fergal McCann, Niall McGeever (Central Bank of Ireland), Oana Peia (University College Dublin) Discussant: TBA |
| 15:30 | Coffee break |
| 15:45 | CBDC and Banks: Disintermediating Fast and Slow Rhys Bidder (King's Business School), Timothy Jackson (University of Liverpool), Matthias Rottner (BIS & Deutsche Bundesbank) Discussant: TBA |
| 16:25 | From Deposits to Digital: A Micro-Level Study of the Digital Euro and Financial Stability Jiří Procházka, Štefan Rychtárik (National Bank of Slovakia) Discussant: TBA |
| 17:05 | Know Your (Holding) Limits: CBDC, Financial Stability and Central Bank Reliance Barbara Meller, Oscar Soons (European Central Bank) Discussant: Matthias Rottner (BIS & Deutsche Bundesbank) |
| 18:30 | Dinner (by invitation) |
| 21:30 | End of Tuesday´s program |
Wednesday, 18 December 2024
All times are in Central European Summer Time.
| 8.30 | Registration & Morning Coffee |
| 9:00 | Management Capital Buffers Across Regulatory Regimes, Jurisdictions and Bank Types Mikael Juselius (Bank of Finland), Aurea Ponte Marques (European Central Bank), Nikola Tarachev (Bank for International Settlements) Discussant: Aakriti Mathur (Bank of England) |
| 9:40 | Distribution Restrictions, Bank Lending, and Risk-Taking Edoardo Chiarotti (Swiss Federal Institute of Technology Lausanne), Aakriti Mathur, Aniruddha Rajan (Bank of England) Discussant: TBA |
| 10:20 | Macroprudential Policies and Capital Controls Over Financial Cycles Maria Arakelyan (Joint Vienna Institute), Adam Geršl (Charles University, Institute of Economic Studies), Martin Schindler (International Monetary Fund) Discussant: Stine Louise von Ruden (Danmarks Nationalbank) |
| 11:00 | Coffee break |
| 11:15 | Keynote Speech: Aggregate Debt Servicing and the Limit on Private Credit Mathias Drehmann, Bank for International Settlements |
| 12:15 | Lunch |
| 13:30 | Climate Policy and Banks’ Portfolio Allocation Giovanni Covi, Maren Froemel, Dennis Reinhardt and Nora Wegner (Bank of England) Discussant: Livio Stracca (European Central Bank) |
| 14:10 | Understanding Financial Stability Amidst Climate Risks: The Role of Climate-Related Financial Policies Paola D’Orazio (Technische Universität Chemnitz) Discussant: Sofia Anyfantaki (Bank of Greece) |
| 14:50 | Climate Minsky Moments and Endogenous Financial Crises Matthias Kaldorf (Deutsche Bundesbank), Matthias Rottner (BIS & Deutsche Bundesbank) Discussant: TBA |
| 15:30 | Coffee break, end of program |
The program can be downloaded here: Program (pdf, 378 kB)
Organizing Committee
- Simona Malovaná (Czech National Bank)
- Martin Hodula (Czech National Bank)
Scientific Committee
- Dominika Ehrenbergerová (Czech National Bank)
- Jan Janků (Czech National Bank)
- Simona Malovaná (Czech National Bank)
- Zuzana Gric (Czech National Bank)
- Martin Hodula (Czech National Bank)