Flux de capitaux internationaux et politiques financières

La Banque de France, le FMI et l’OCDE organisent un atelier sur les flux de capitaux internationaux et les politiques financières, les 20 et 21 octobre 2020, à Paris.

The Bank of England, the Banque de France, the IMF and the OECD are pleased to announce their first annual workshop on International Capital Flows and Financial Policies. The general objective of the workshop is to deepen the understanding of the benefits and risks of global capital flows and advance the debate on the appropriate financial policy toolkit, including through discussion of the effectiveness and externalities of various policies. It aims to enhance the dialogue between the research and the policy community on these questions. The workshop will be held virtually.

Information and registration by email: internationalcapitalflows_workshop@oecd.org

Programme:

20 October 2020

14:00Opening online registration
14:30Opening remarks
Laurence Boone, Chief Economist, OECD
14.35International capital flows: New geographies, new channels
Moderator: Martin Kaufman, Assistant Director, Strategy, Policy & Review Department, IMF
14:40“Profit Shifting in the Banking Sector”
Tobias Cagala (Deutsche Bundesbank), Alena Wabitsch (Deutsche Bundesbank & ECB)
15:05Discussant: Vincent Vicard (Centre d’études prospectives et d’informations internationales (CEPII)) 
15:15Q&A
15:20Elusive Safety: The New Geography of Capital Flows and Risk
Tim Schmidt-Eisenlohr (Federal Reserve Board), Laura Alfaro (Harvard Business School and NBER), Ester Faia (Goethe University Frankfurt & CEPR)
15:45Discussant: Katharina Bergant (IMF)
15:55Q&A
16:00Coffee break
16:10US Housing as a Global Safe Asset: Evidence from China Shocks
Nathan Converse (Federal Reserve Board), William Barcelona (Federal Reserve Board), Anna Wong (Federal Reserve Board)
16:35Discussant: Pedro Gete Sánchez (IE Business School)
16:45Q&A
16:50Risk-mitigating effects of being prompt and transparent
Viktor Stebunovs (Federal Reserve Board), Seung Jung Lee (Federal Reserve Board), Lucy Qian Liu (IMF)
17:15Discussant: Miguel Boucinha (ECB)
17:25Q&A
17:30End of the first day meeting


21 October 2020

14:00Opening online registration
14:20Opening remarks
Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department, IMF
14:25Global cycles, Capital flow surges, Policy responses
Moderator: Antonio Gomes, Deputy-Director, Directorate for Financial and Enterprise Affairs, OECD
14:30“The Global Financial Cycle and Capital Flows – a Wobbly Link?”
Beatrice Scheubel (ECB & CESifo), Livio Stracca (ECB), Cedric Tille (Geneva Graduate Institute & CEPR)
14:55
 
Discussant: Stefan Avdjiev (BIS)
15:05Q&A
15:10“Capital Flows at Risk: Taming the Ebbs and Flows”
Silvia Sgherri (IMF), Gaston Gelos (IMF), Lucyna Gornicka (IMF), Robin Koepke (IMF), Ratna Sahay (IMF)
15:35Discussant: Fernando Eguren-Martin (BoE)
15:45Q&A
15:50Coffee Break
16:00

Policy Panel: global capital flows in the current covid setting
Moderator: Matthieu Bussière, Director, Monetary and Financial Analysis, Banque de France
Speakers:
•    Philip Lane, Chief Economist, ECB
•    Ratna Sahay, Deputy Director, Monetary & Capital Markets Department, IMF
•    Linda Goldberg, Senior Vice President, New York Fed & Co-Chair, International Banking Research Network
•    James Talbot, Director of International Directorate, BoE

17:20End of the second day meeting


Organizers:
Mr. Ambrogio.Cesa-Bianchi, Bank of England (Ambrogio.Cesa-Bianchi@bankofengland.co.uk);
Ms. Annamaria de Crescenzio, OECD (Annamaria.deCrescenzio@oecd.org);
Mr. Mark Joy, Bank of England (Mark.Joy@bankofengland.co.uk);
Mr. Martin Kaufman, IMF (mkaufman@imf.org)
Ms. Annamaria Kokenyne Ivanics, IMF, (AKokeny@imf.org);
Mr. Etienne Lepers, OECD (Etienne.LEPERS@oecd.org);
Mr. Dennis Reinhardt, Bank of England (Dennis.Reinhardt@bankofengland.co.uk);
Ms. Julia Schmidt, Banque de France (Julia.SCHMIDT@banque-france.fr).

Mis à jour le : 05/11/2020 16:20