Writing Central Bank and Monetary History
Workshop. The Graduate Institute, Geneva 26-27 April 2012.
The Graduate Institute, Geneva and Norges Bank, Oslo
The Graduate Institute, Geneva
AJF room at Villa Barton
132, rue de Lausanne
Michael Bordo, Rutgers University
Øyvind Eitrheim, Norges Bank
Marc Flandreau, The Graduate Institute
Jan T. Klovland, Norwegian School of Economics
Thursday 26 April
12:00 – 13:00: Buffet lunch
13:00 – 13:15: Welcome remarks by Øyvind Eitrheim, Director, Norges Bank
Session I: Monetary policy implementation/Money market operations
Chair: Øyvind Eitrheim
13:15 – 14:00: Clemens Jobst (Oesterreichische Nationalbank), "The implementation of monetary policy on the continent circa 1900: Linking central bank operations and the money market"
Discussant: Marc Flandreau, Graduate Institute
14:00 – 14:45: Stefano Ugolini (Scuola Normale Superiore, Pisa), "Bank of England Operations Reloaded: Monetary Policy Implementation in Britain at the Heyday of the Classical Gold Standard, 1889-1910"
Discussant: Forrest Capie, Cass Business School, City University London
14:45 – 15:30: Klas Fregert (University of Lund), "The Swedish Riksbank’s 1668-2011: A view from its balance sheet" (the presentation will focus on the sections: “The balance sheet and the Riksbank goals: an analytical overview”, and the first and the last fifty years)
Discussant: Tobias Straumann, University of Zurich
15:30 – 16:00: Coffee Break
Session II Regional aspects of central banking
Chair: Marc Flandreau
16:00 – 16:45: Vincent Bignon (Banque de France) and Clemens Jobst (Oesterreichische Nationalbank), “Eligibility to Central Bank Liquidity and the Bankruptcy Rate. Lessons from France 1826-1913”
Discussant: Stefano Ugolini, Scuola Normale Superiore, Pisa
16:45 – 17:30: Jan T. Klovland (Norwegian School of Economics) and Lars F. Øksendal (Norges Bank), “A decentralised central bank: regional bank rate autonomy in Norway. 1850-1892”
Discussant: Kris Mitchener, Santa Clara University
17:30 – 18:00: Øyvind Eitrheim (Norges Bank), “Norges Bank’s bicentenary project”
19:00: Dinner: Restaurant, La Buvette de bains
Friday 27 April
Session III Times of war and instability
Chair: Gianni Toniolo
08:30 – 09:15: Alexander Rathke, Tobias Straumann, and Ulrich Woitek (University of Zurich), "Overvalued: Sweden’s Monetary Policy in the 1930s”
Discussant: Mike Bordo, Rutgers University
09:15 – 10:00: Gregg Huff (Oxford University) and Shinobu Majima (Gakushuin University), "Financing Japan’s World War II Occupation of Southeast Asia"
Discussant: Vincent Bignon, Bank of France
10:00 – 10:30: Coffee Break
Session IV Crisis management
Chair: Mike Bordo
10:30 – 11:15: Pierre-Cyrille Hautcoeur (Paris School of Economics), Angelo Riva (European Business School, Paris), and Eugene N. White (Rutgers University), "Bagehot on the Continent? How the Banque de France Managed the Crisis of 1889"
Discussant: François Velde, Federal Reserve Bank, Chicago
11:15 – 12:00: Kris Mitchener (Santa Clara University), "Capital Controls and Economic Recovery from Financial Crises: Lessons from the 1930s"
Discussant: Olivier Accominotti, London School of Economics
12:15 – 13:30: Lunch