24th BIS Annual Conference

Basel, Switzerland, Friday 27 June 2025

The theme of the 24th BIS Annual Conference was "Central banking in times of digitalisation and fragmentation".

The conference proceedings will be published in the BIS Working Paper series in fall 2025.

Agenda

  Session 1 Digitalisation and financial innovation

  Chair

Eli M Remolona Jr, Bangko Sentral ng Pilipinas

  Paper

Big techs, credit, and digital money (presentation)

  Speaker

Markus K Brunnermeier, Princeton University

  Discussants

Maryam Farboodi, MIT Sloan School of Management (presentation)
Christine Parlour, University of California, Berkeley, Haas School of Business (presentation)

  Session 2 Liquidity and central bank intervention
  Chair

Michele Bullock, Reserve Bank of Australia

  Paper When is less more? Bank arrangements for liquidity vs central bank support
  Speaker Raghuram Rajan, University of Chicago Booth School of Business (presentation)
  Discussants

Kristin J Forbes, MIT Sloan School of Management (presentation)
Pierre-Olivier Gourinchas, International Monetary Fund (presentation)

  Keynote speech Fiscal and monetary policy interaction under high government debt
  Chair

John C Williams, Federal Reserve Bank of New York

  Speaker

Carmen Reinhart, Harvard Kennedy School (presentation)

  Panel Perspectives on policymaking – a tribute to Agustín Carstens
  Moderator

Andréa M Maechler, Bank for International Settlements

  Panellists

Roberto Campos Neto, former Governor of the Central Bank of Brazil
Jacob Frenkel, former Governor of the Bank of Israel; Group of Thirty
Timothy F Geithner, Warburg Pincus
Thomas J Jordan, former Chairman of the Swiss National Bank
Adam S Posen, Peterson Institute for International Economics

  Closing panel Policy panel on challenges for central banks in a changing world

  Moderator

Agustín Carstens, Bank for International Settlements

  Panellists

Rosanna Costa, Central Bank of Chile
Lesetja Kganyago, South African Reserve Bank
Christine Lagarde, European Central Bank
Chang Yong Rhee, Bank of Korea
Martin Schlegel, Swiss National Bank