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You can find a press release on the conference here:Internationally acclaimed experts discuss financial stability challenges of decade at MNB conference
After hosting its first Financial Stability Conference of international interest in 2022, where 29 speakers from 4 continents discussed the current issues affecting the financial system, the short-term challenges of financial stability and its longer-term future, the Magyar Nemzeti Bank (MNB, the central bank of Hungary) is organizing jointly with OMFIF (Official Monetary and Financial Institutions Forum) and CEMLA (Center for Latin American Monetary Studies) the second instalment of its financial stability conference series „Turbulent Times” in Spring 2024. The conference will take place on 25-26 March 2024 in a physical form in Budapest, Hungary.
The conference is focused on the challenges of the current macroeconomic turbulences to financial stability: inflation persistently above target levels, interest rate hikes and related risks to banks’ business models, geopolitical realignments, digitalization and climate change related financial risks; all of which particularly affect emerging markets.
Register here| Time (CET) | Session |
|---|---|
| 9:00 – 9:30 | Welcome address Barnabás Virág, Deputy Governor of MNB Manuel Ramos-Francia, Director General of CEMLA Christopher Garnett, Senior Adviser at OMFIF |
| 9:30- 10:15 | International Keynote speech Thorsten Beck (Florence School of Banking and Finance) |
| 10:15- 11:30 | Macroprudential strategies for inflationary episodes and monetary policy normalisation Keynote speaker: Anke Weber (International Monetary Fund) Moderator: Barnabás Virág (MNB) Panellists: Anke Weber, Jan Frait (Czech National Bank), Natasha Ahmetaj (Bank of Albania) |
| 11:30 – 11:45 | Coffee break |
| 11:45 – 13:00 | Geopolitical and economic fragmentation risks: shifting linkages and financial stability Keynote speaker: Stefan Thurner (Complexity Science HUB Vienna) Moderator: Manuel Ramos-Francia (CEMLA) Panellists: Stefan Thurner, Mahvash S. Qureshi (International Monetary Fund), Carlos Quicazan (Central Bank of Colombia) |
| 13:00 – 14:00 | Lunch |
| 14:00 – 15:10 | Financial stability through the lens of historical economics Keynote speaker: Jorge Ponce (Banco Central del Uruguay) Presenters: Clemens Jobst (University of Vienna) |
| 15:10 – 15:30 | Coffee break |
| 15:30 – 17:00 | The optimality and the realities of the current financial crisis management framework (regulation, resolution, deposit insurance
and other policy interventions) in light of recent stress events Keynote speaker: Dominique Laboureix (Single Resolution Board) Moderator: Krisztina Földényiné Láhm (MNB) Panellists: Dominique Laboureix, Ruth Walters (Bank for International Settlements), Thorsten Beck (Florence School of Banking and Finance) |
| Evening | Informal event Guided Tour at the Hungarian Money Museum and Visitors Centre |
| Time (CET) | Session |
|---|---|
| 9:00 – 9:30 | MNB keynote speech Ádám Banai (MNB) |
| 9:30 – 10:30 | The effects of technological change on liquidity and funding stress Keynote presenter: Manuel Ramos-Francia (CEMLA) Presenter: Efraim Benmelech (Kellogg School of Management Northwestern University) |
| 10:30 – 10:45 | Coffee Break |
| 10:45 – 11:45 | Reinvented markets and financial intermediation Keynote presenter: Leonardo Gambacorta (Bank for International Settlements) Presenter: Ania Zalewska (University of Leicester School of Business) |
| 11:45 – 13:00 | Lunch |
| 13:00 – 14:00 | Applying stress testing and current systemic risk modelling in macroprudential policymaking Keynote presenter: Serafín Martinez-Jaramillo (Banco de México) Presenters: Bence Mérő (MNB) |
| 14:00 – 14:15 | Coffee break |
| 14:15 – 15:45 | Systemic underpricing of climate risks in financial markets: does it warrant a macroprudential response? Keynote presenter: Matias Ossandon Busch (CEMLA) Presenters: Paola D'Orazio (Chemnitz University of Technology), András Borsos (MNB, Complexity Science Hub Vienna) |
Executive Director - Magyar Nemzeti Bank
Professor of Financial Stability and Director – Florence School of Banking and Finance
Henry Bullock Professor of Finance & Real Estate - Kellogg School of Management, Northwestern University
Economist – Magyar Nemzeti Bank, Researcher – Complexity Science Hub Vienna
Director of Financial Stability - CEMLA
Director of the Resolution Directorate - MNB
Deputy Governor - Czech National Bank
Head of Innovation and Digital Economy - Monetary and Economic Department Bank for International Settlements
Professor for Economic and Social History, Vice-head of department – University of Vienna
Chair - Single Resolution Board
Manager Environmental and Social Risks Analysis and Policy Unit - Banco de México
Senior Economist - Magyar Nemzeti Bank
Junior Professor of Economics – Chemnitz University of Technology
Head of Economic Research - Banco Central del Uruguay
Director General – CEMLA
Assistant Director and Chief of the Global Financial Stability Analysis Division – Monetary and Capital Markets Department International Monetary Fund
President - Complexity Science Hub
Full Professor – Science of Complex Systems, Medical University Vienna
Deputy Governor – Magyar Nemzeti Bank
Senior Advisor at the Financial Stability Institute - Bank for International Settlements
Advisor and Mission Chief for Hungary, European Department - International Monetary Fund
Research Chair and Professor of Finance – University of Leicester School of Business
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