About the conference
Asian Monetary Policy Forum 2021 Special Edition and MAS-BIS Conference on "Macro-financial stability policy in a globalised world: lessons from international experience", virtual, 26-28 May 2021.
A macroprudential approach has increasingly gained ground in formulating policy toward financial stability, complementing monetary policy as an integral element of a broader macro-financial stability framework. In today's interconnected global financial system, policy actions taken by the major advanced economies could also affect financial conditions in the rest of the world through their impact on capital flows and exchange rates, transmitting financial conditions and at times exposing vulnerabilities. Dialogue between policymakers and academics will promote a deeper understanding of the interaction between different macro-financial stability policy tools and guide the implementation of monetary and macroprudential policies in both advanced and emerging market economies.
The Monetary Authority of Singapore and the Bank for International Settlements are organising a conference on "Macro-financial stability policy in a globalised world: lessons from international experience" virtually on 26-28 May 2021. It forms part of the 2021 Special Edition of the Asian Monetary Policy Forum with the support of the Asian Bureau of Financial and Economic Research, the National University of Singapore and University of Chicago Booth School of Business. The conference gathers central bank Governors, senior officials, leading academics and other researchers to discuss how to use macro-financial stability policy to safeguard financial stability and mitigate the impact of international spillovers.
You can find the conference volume here.
AMPF 2021 and MAS-BIS Conference on Macro-Financial Stability Policy
The Monetary Authority of Singapore and the BIS organised a conference on "Macro-financial stability policy in a globalised world: lessons from international experience" virtually on 26-28 May 2021.
Day 1 - 26 May
| 5:30 - 6:00 | Chair: Edward Robinson, Deputy Managing Director, Monetary Authority of Singapore |
Welcome remarks by Ravi Menon, Managing Director, Monetary Authority of Singapore Welcome remarks by Agustín Carstens, General Manager, Bank for International Settlements | |
| 06:00 - 06:30 | Keynote speech by Anil Kashyap (pre-recording), Stevens Distinguished Service Professor of Economics and Finance, University of Chicago Booth School of Business; and Member of the Financial Policy Committee, Bank of England |
| 06:40 - 07:10 | Chair: Bernard Yeung, Stephen Riady Distinguished Professor, National University of Singapore Business School |
Claudio Borio, Head of the Monetary and Economic Department, Bank for International Settlements Discussant: Linda Goldberg, Senior Vice President, Financial Intermediation Function, Federal Reserve Bank of New York |
Day 2 - 27 May
| 08:00 - 8:45 | Chair: Stijn Claessens, Deputy Head of MED & Head of Financial Stability Policy, Bank for International Settlements |
| Sweden | Stefan Ingves, Governor and Chairman of the Executive Board, Swedish Riksbank Discussant: Charles Bean, Professor of Economics, London School of Economics |
| United Kingdom | Thorsten Beck, Professor of Banking and Finance, CASS Business School Discussant: Paul Tucker, Chair of the Systemic Risk Council and Research fellow, Harvard Kennedy School, Harvard University |
| 08:50 - 09:20 | Chair: Steven Davis, William H. Abbott Distinguished Service Professor of International Business and Economics, University of Chicago Booth School of Business |
| Sending countries | Katharina Bergant, Economist, International Monetary Fund Discussant: Valentina Bruno, Professor of Finance, Kogod School of Business, American University |
09:25 - 09:55 Receiving countries | Sebastian Edwards, Professor of Global Economics and Management, Henry Ford II Chair in International Management, Anderson School of Management, University of California, Los Angeles Discussant: Eswar Prasad, Tolani Senior Professor of Trade Policy, Cornell University and Senior Fellow, Brookings Institution |
10:00 - 10:30 Emerging policy framework | Pierre-Richard Agénor, Hallsworth Professor of International Macroeconomics and Development Economics, University of Manchester Discussant: Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Science, University of California |
Day 3 - 28 May
| 09:00 - 10:00 | Chair: Beatrice Weder di Mauro, Professor of International Economics at Graduate Institute of Geneva; Distinguished Fellow at INSEAD Emerging Markets Institute, Singapore; and President of the Centre for Economic Policy Research |
| China | Yiping Huang, Professor, National School of Development, China Center for Economic Research, Peking University Discussant: Yi Huang, Associate Professor, International Economics Department, Graduate Institute Geneva and CEPR |
| India | Viral Acharya, C.V. Starr Professor of Economics, NYU Stern School of Business, New York University Discussant: Duvvuri Subbarao, Former Governor, Reserve Bank of India |
| Korea | Hyun Song Shin, Economic Adviser and Head of Research, Bank for International Settlements Discussant: Hwanseok Lee, Deputy Governor, Bank of Korea |
| 10:10 - 10:55 | Chair: Siddharth Tiwari, Chief Representative, BIS Representative Office for Asia-Pacific |
| Indonesia | Muhamad Chatib Basri, Senior Lecturer, University of Indonesia Discussant: Perry Warjiyo, Governor, Bank Indonesia |
| Latin America | Ana Aguilar, Senior Economist, Bank for International Settlements Discussant: Enrique Mendoza, Presidential Professor of Economics, University of Pennsylvania |
| 03:00 - 04:00 | Chair: Benoit Mojon, Head of Economic Analysis, Bank for International Settlements |
| Croatia | Boris Vujčić, Governor, Croatian National Bank Discussant: Tuomas Peltonen, Deputy Head, Secretariat, European Systemic Risk Board |
| Hong Kong SAR | Robert McCauley, Non-resident Senior Fellow, Global Development Policy Center, Boston University Discussant: Arthur Yuen, Deputy Chief Executive, Hong Kong Monetary Authority |
| Singapore | Ramkishen Rajan, Yong Pung How Professor, Lee Kuan Yew School of Public Policy, National University of Singapore Discussant: Yongheng Deng (Pre-recording), Professor, Real Estate and Urban Land Economics and John P. Morgridge Distinguished Chair in Business, University of Wisconsin-Madison |
| 04:05 - 04:20 | Edward Robinson, Deputy Managing Director, Monetary Authority of Singapore Claudio Borio, Head of Monetary and Economic Department, Bank for International Settlements Hyun Song Shin, Economic Adviser and Head of Research, Bank for International Settlements |
Note: When there are multiple authors for a paper, the presenting author is marked in boldface.