Norges Bank

What is a useful central bank?

18 November 2010, Norges Bank

Programme committee: Sigbjørn A. Berg, Øyvind Eitrheim, Jan F. Qvigstad and Marius Ryel


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


  • 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

Published 19 October 2010 09:04
Edited 15 November 2010 14:26