Thursday 5 June 2014

Opening Remarks by Øystein Olsen, Governor Norges Bank

Session I 08.45-11.30 Central Banks: Historical Perspectives

Chair: Øyvind Eitrheim, Norges Bank

• Clemens Jobst (Oesterreichische Nationalbank) and Stefano Ugolini (University of Toulouse), "The Coevolution of Money Markets and Monetary Policy, 1815-2008"
• Discussant: Nathan Sussman (Bank of Israel)

• Forrest Capie (Cass Business School), Geoffrey Wood (Cass Business School) and Juan Castañeda (University of Buckingham), "Central Bank Independence in Small Open Economies"
• Discussant: Thomas Helbling (IMF)
• Richard S. Grossman (Wesleyan University) and Hugh Rockoff (Rutgers University), "Fighting the Last War: economists on the lender of last resort"
• Discussant: Charles Goodhart (London School of Economics)

Session II 12.45-14.30 History panel

Moderator:Michael D. Bordo (Rutgers University)

Panelists: Barry Eichengreen (University of California, Berkeley)

Charles Goodhart (London School of Economics)

Harold James (Princeton University) 

Session III 15.00-18:30 Central Banking: International Dimensions

Chair: Martin Seneca, Norges Bank

• Barry Eichengreen (University of California, Berkeley) and Marc Flandreau (The Graduate Institute), "A Century and a Half of Central Banks, International Reserves and International Currencies"

• Discussant: Linda Goldberg (Federal Reserve Bank of New York)
• Catherine Schenk (University of Glasgow) and Tobias Straumann (University of Zurich), "International Monetary Policy Regimes: Historical Perspectives"
• Discussant: Lars Jonung (University of Lund)

• Claudio Borio (Bank for International Settlements), Harold James (Princeton University), and Hyun Song Shin (Princeton University), "The international monetary and financial system: A capital account historical perspective"

• Discussant: Eric Hilt (Wesleyan University)
• Menzie Chinn (University of Wisconsin and NBER), "Central banking: Perspectives from Emerging Economies"
• Discussant: Ashoka Mody (Princeton University)

Friday 6 June 2014

Session IV 08.30-12.00 Central Banking: Delineation and Limitation

Chair: Marc Flandreau, The Graduate Institute, Geneva

• Gianni Toniolo (Duke University) and Eugene White (Rutgers University), "The Evolution of the Financial Stability Mandate From its Origins to the Present Day"

• Discussant: Stefan Gerlach (Central Bank of Ireland)
• Markus K. Brunnermeier (Princeton University) and Isabel Schnabel (Johannes Gutenberg University Mainz, MPI Bonn, and CEPR), "Bubbles and Central Banks: Historical Perspectives"
• Discussant: Andrew Filardo (Bank for International Settlements)

• Charles Kahn (University of Illinois at Urbana-Champaign), Stephen Quinn (Texas Christian University), and William Roberds (Federal Reserve Bank of Atlanta), "Central Banks and Payment Systems: the Evolving Trade-off between Cost and Risk"
• Discussant: Ben Norman (Bank of England)
• William Roberds (Federal Reserve Bank of Atlanta) and François R. Velde (Federal Reserve Bank of Chicago), "The Descent of Central Banks (1400-1815)"
• Discussant: Juha Tarkka (Bank of Finland)

Session V 13.15-15.00 Policy panel

Moderator: Stefan Gerlach (Central Bank of Ireland)

Panelists: Karolina Ekholm (Sveriges Riksbank)

Petra Geraats (Cambridge University)

Linda Goldberg (Federal Reserve Bank of New York)

Steinar Holden (University of Oslo)

Session VI 15.30-17.45 Of the Uses of Central Banks: Historical Lessons

Chair: Ida Wolden Bache, Norges Bank

• Michael D. Bordo (Rutgers University) and Pierre Siklos (Wilfrid Laurier University), "Central Bank Credibility: An Historical and Quantitative Exploration"

• Discussant: Lars E. O. Svensson (University of Stockholm)
• Charles Goodhart (London School of Economics), "Central Bank Evolution: Lessons learnt from the Sub-prime Crisis"

• Discussant: Jon Nicolaisen (Deputy Governor, Norges Bank)
• Andrew G. Haldane (Bank of England) and Jan F. Qvigstad (Norges Bank), "The evolution of Central Banks - A Practitioner's Perspective"
• Discussant: Anders Vredin (Sveriges Riksbank)

End 17.45 End Remarks

Overview/authors (pdf, 40 kB)