Macroprudential Instruments and Financial Cycles Workshop

22 Mart 2016

İstanbul, Conrad Hotel

22 Mart 2016

08:30 - 09:00
Registration and coffee (Ball Room)
09:00 - 09:10
Opening Remarks by Governor Erdem Başçı
09:10 - 10:00
Keynote Speech: Debt and the Real Economy
Atif Mian (Princeton University)
Sunumlar / Makaleler
Atif Mian    Debt And The Real Economy
10:00 - 10:30
Coffee Break
10:30 - 12:15
Session 1: Financial Stability, Monetary and Macroprudential Policies
Chair: Bostjan Jazbec, Governor (Bank of Slovenia)

Monetary and Financial Policies in Emerging Markets
Kosuke Aoki (Tokyo University), Gianluca Benigno (LSE), Nobuhiro Kiyotaki (Princeton University)

When do Inflow Surges End in Crashes?
Jonathan Ostry (IMF)
Sunumlar / Makaleler
Gianluca Benigno    Monetary and Financial Policies for Emerging Market Economies
Jonathan D. Ostry    When do inflow surges end in crashes?
12:15 - 14:00
(Conrad Hotel)
14:00 - 15:45
Session 2: Measuring and Characterising Financial Cycles
Chair: Mehmet Yörükoğlu, Deputy Governor (Central Bank of the Republic of Turkey)

Characterising the Financial Cycle: A multivariate and time-varying approach
Yves Schüler (ECB), Paul Hiebert (ECB), Tuomas Peltonen (European Systemic Risk Board)

Rethinking potential output: Embedding information about the financial cycle
Claudio Borio (BIS), Piti Disyatat (Bank of Thailand), Mikael Juselius (Bank of Finland)
Sunumlar / Makaleler
Mikael Juselius    Leverage, the debt service burden, and potential output
Paul Hiebert    Characterising the financial cycle: A multivariate and time-­‐ varying approach
15:45 - 16:15
Coffee Break
16:15 - 18:00
Session 3: Different Aspects of Global Liquidity and Debt
Chair: Abdullah Yavaş, Member of the Monetary Policy Committee (Central Bank of the Republic of Turkey)

The Transmission of Global Liquidity and Exchange Rates
Stefan Avdijev (BIS), Catherine Koch (BIS), Hyun Song Shin (BIS)

Credit Decomposition and Business Cycles in Emerging Market Economies
Berrak Bahadır (Özyeğin University), İnci Gümüş (Sabancı University)
Sunumlar / Makaleler
Berrak Bahadır    Credit Decomposition and Business Cycles in Emerging Market Economies
Stefan Avdjiev    Exchange rates and the transmission of global liquidity.
18:00 - 18:30
Guidelines for the preparation of papers for the ECBN Conference in Ljubljana
Fabrizio Coricelli (ECBN)

*The programme is designed such that presenters have 35 minutes for presentation and discussants 20 minutes