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 registration for this event is now closed. If you have any questions or require further assistance, please feel free to contact us at research-finstab@cnb.cz
Program
Tuesday, 17 December 2024
All times are in Central European Summer Time.
| 8.30 | Registration & Morning Coffee |
| 9.00 | Opening Remarks Jan Frait, Deputy Governor, Czech National Bank |
| 9:10 | 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) (pdf, 576 kB) |
| 9:50 | 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) (pdf, 878 kB) |
| 10:30 | 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) (pdf, 188 kB) |
| 11:10 | Coffee break |
| 11:30 | Keynote Speech: Fund Fragility: The Role of Investor Base (pdf, 2 MB) Marie Hoerova, European Central Bank |
| 12:30 | Lunch |
| 13:30 | Investment Funds and Euro Disaster Risk (pdf, 3 MB) Pablo Anaya Longaric, Katharina Cera, Georgios Georgiadis (European Central Bank) Discussant: Zuzana Gric (Czech National Bank) (pdf, 225 kB) |
| 14:10 | Non-bank Lending and the Transmission of Monetary Policy (pdf, 351 kB) Dominic Cucic, Denis Gorea (Bank for International Settlements) Discussant: Anisa Tiza Mimun (European Central Bank) (pdf, 288 kB) |
| 14:50 | Do Non-bank Lenders Mitigate Credit Supply Shocks? Evidence from a Major Bank Exit (pdf, 2 MB) Fergal McCann, Niall McGeever (Central Bank of Ireland), Oana Peia (University College Dublin) Discussant: Chiara Punzo (Bank of England) (pdf, 1 MB) |
| 15:30 | Coffee break |
| 15:45 | CBDC and Banks: Disintermediating Fast and Slow (pdf, 2 MB) Rhys Bidder (King's Business School), Timothy Jackson (University of Liverpool), Matthias Rottner (BIS & Deutsche Bundesbank) Discussant: Branislav Saxa (Czech National Bank) (pdf, 325 kB) |
| 16:25 | From Deposits to Digital: A Micro-Level Study of the Digital Euro and Financial Stability (pdf, 383 kB) Jiří Procházka, Štefan Rychtárik (National Bank of Slovakia) Discussant: Timothy Jackson (University of Liverpool) (pdf, 328 kB) |
| 17:05 | Know Your (Holding) Limits: CBDC, Financial Stability and Central Bank Reliance (pdf, 1 MB) Barbara Meller, Oscar Soons (European Central Bank) Discussant: Matthias Rottner (BIS & Deutsche Bundesbank) (pdf, 111 kB) |
| 18:00 | Guided tour of Prague (by invitation) |
| 19:00 | 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) (pdf, 393 kB) |
| 9:40 | Distribution Restrictions, Bank Lending, and Risk-Taking (pdf, 2 MB) Edoardo Chiarotti (Swiss Federal Institute of Technology Lausanne), Aakriti Mathur, Aniruddha Rajan (Bank of England) Discussant: Michal Franta (Czech National Bank) (pdf, 367 kB) |
| 10:20 | Macroprudential Policies and Capital Controls Over Financial Cycles (pdf, 611 kB) Maria Arakelyan (Joint Vienna Institute), Adam Geršl (Charles University, Institute of Economic Studies), Martin Schindler (International Monetary Fund) Discussant: Jan Janků (Czech National Bank) (pdf, 177 kB) |
| 11:00 | Coffee break |
| 11:15 | Keynote Speech: Aggregate Debt Servicing and the Limit on Private Credit (pdf, 2 MB) 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) (pdf, 639 kB) |
| 14:10 | Understanding Financial Stability Amidst Climate Risks: The Role of Climate-Related Financial Policies (pdf, 387 kB) Paola D’Orazio (Technische Universität Chemnitz) Discussant: Sofia Anyfantaki (Bank of Greece) (pdf, 301 kB) |
| 14:50 | Climate Minsky Moments and Endogenous Financial Crises (pdf, 904 kB) Matthias Kaldorf (Deutsche Bundesbank), Matthias Rottner (BIS & Deutsche Bundesbank) Discussant: Volha Audzei (Czech National Bank) (pdf, 404 kB) |
| 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)