Agenda
Wednesday, September 24th, 2025
| 9:00am |
Opening Remarks
L. Clerc (Banque de France) |
| 9:10am |
Session 1: Safe Currencies and Safe Assets
Chair: M. Trott (Bank of England)
|
| 9:10am |
Swap Line Arbitrage Supply
P. Kloks (University of St. Gallen, Swiss Finance Institute) |
| 9:35am |
Discussion: A. Tabova (FED Board) |
| 10:00am |
Capital Inflow Shocks and Convenience Yields
N. Ben Zeev (Ben-Gurion University), N. Ben-Ze’ev (Bank of Israel), D. Nathan (Bank of Israel) |
| 10:25am |
Discussion: M. Gnewuch (ESM) |
| 10:50am |
Coffee Break |
| 11:10am |
Policy Panel
Chair: A. Bénassy-Quéré (Banque de France)
Panelist: S. Krogstrup (Danmarks Nationalbank)
Panelist: G.M. Milesi-Ferretti (Brookings)
Panelist: R. Portes (London Business School)
|
| 12:10pm |
Lunch |
| 1:20pm |
Keynote speaker
A. Chari (University of North Carolina at Chapel Hill)
Chair: A. Fernández Martin (IMF) |
| 2:30pm |
Session 2: Geopolitics and Trade Tensions
Chair: A. Novik (OECD) |
| 2:40pm |
Trading Blows: The Exchange-Rate Response to Tariffs and Retaliations
D. Ostry (Bank of England), S. Lloyd (Bank of England), G. Corsetti (European University Institute) |
| 3:05pm |
Discussion: P. Della Corte (Imperial College London) |
| 3:30pm |
Geopolitical Risk: When it Matters; Where it Matters. Evidence from International Portfolio Allocations
N. Converse (FED Board), E. Mallucci (Central Bank of Ireland) |
| 3:55 |
Discussion: R. Beck (ECB) |
| 4:20pm |
Coffee Break |
| 4:40pm |
Session 3: International Banking Cycles
Chair: V. Nispi Landi (Banca d’Italia) |
| 4:40pm |
Banks’ Foreign Homes
K. Schmidt (Deutsche Bundesbank), L. Tonzer (Otto-von-Guericke-University) |
| 5:05pm |
Discussion: C. Badarinza (Frankfurt School of Finance & Management) |
| 5:30pm |
The Global Credit Cycle
N. Boyarchenko (NY FED, CEPR, CesIfo), L. Elias (NY FED) |
| 5:55pm |
Discussion: A. Dogan (Bank of England) |
| 6:20pm |
Closing Remarks
E. Lepers (OECD) |
| 6:30pm |
End of the Workshop |
Organizers:
- Marco Albori, Banca d’Italia (Marco.Albori@bancaditalia.it)
- Kai Arvai, Banque de France (Kai.Arvai@banque-france.fr)
- Valentin Burban, Banque de France (Valentin.Burban@banque-france.fr)
- Daniel Christen, Bank of England (Daniel.Christen@bankofengland.co.uk)
- Andres Fernandez, IMF (AFernandez3@imf.org)
- Fabrizio Ferriani, Banca d’Italia (Fabrizio.Ferriani@bancaditalia.it)
- Mark Joy, Bank of England (Mark.Joy@bankofengland.co.uk)
- Etienne Lepers, OECD (Etienne.Lepers@oecd.org)
- Valerio Nispi Landi, Banca d’Italia (Valerio.Nispilandi@bancaditalia.it)
- Dennis Reinhardt, Bank of England (Dennis.Reinhardt@bankofengland.co.uk);
- Julia Schmidt, Banque de France (Julia.SCHMIDT@banque-france.fr)
- Jonathan Smith, OECD (Jonathan.Smith@oecd.org)
