What is a useful central bank?
18 November 2010, Norges Bank
Programme committee: Sigbjørn A. Berg, Øyvind Eitrheim, Jan F. Qvigstad and Marius Ryel
Programme
Words of welcome Jan F. Qvigstad, Deputy Governor, Norges Bank
Session I: Historical perspectives on central banking
Chair: Øyvind Eitrheim
Long term perspectives, Michael D. Bordo, Rutgers University
Paper (pdf)
Presentation (ppt)
Lessons from the interwar years, Gianni Toniolo, Duke University
Paper (pdf)
Presentation (ppt)
Session II: Perspectives from the emerging economies
Chair: Sigbjørn Atle Berg
Challenges in developing financial markets, Zeti Akhtar Aziz, Governor, Central Bank of Malaysia
Paper (pdf)
Session III: Central banking: Theory and practice
Chair: Marius Ryel
Fiscal dominance, the long-term interest rate and central banks, Philip Turner, BIS
Paper (pdf)
Challenges for design and governance, Stefan Ingves, Governor, Sveriges Riksbank
Presentation (ppt)
Panel session: Where do central banks go from here?
Moderator: Stefan Gerlach, IMFS Goethe University of Frankfurt
Panelists:
- Michael D. Bordo, Professor, Rutgers University Presentation (ppt)
- Stanley Fischer, Governor, Bank of Israel
- Philipp Hildebrand, Governor, Swiss National Bank
- Lars E. O. Svensson, Deputy Governor, Sveriges Riksbank Presentation (ppt)
Final remarks, Svein Gjedrem, Governor, Norges Bank