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Calendar

Sep
7
Mon
EABCN Training School on Term Structure Modeling and the Lower Bound Problem @ Florence, EUI
Sep 7 – Sep 9 all-day
EABCN Training School on Term Structure Modeling and the Lower Bound Problem @ Florence, EUI | Firenze | Toscana | Italy

Background

The Euro Area Business Cycle Network (EABCN) provides a forum for the better understanding of the Euro area business cycle, linking academic researchers and researchers in central banks and other policy institutions involved in the empirical analysis of the Euro area business cycle.

 

About this course

The 23rd EABCN training school was a three days course on ‘Term Structure Modeling and the Lower Bound Problem’ taught by Dr Jens Christensen (Federal Reserve Bank of San Francisco). The course covered the most recent literature on how to model the term structure of bond yields including challenges posed by the asymmetric behavior of yields near their lower bound.

 

Course instructor

Jens Christensen is a senior economist in the Financial Research Section of the Federal Reserve Bank of San Francisco, which he joined in 2006 after receiving his PhD in finance from Copenhagen Business School. He also holds an MSc in economics from the University of Copenhagen. His research interests include credit risk modeling, credit risk management, and interest rate term structure modeling. His research in this area is widely cited and has been published in leading academic journals such as the Economic Journal, the Journal of Business and Economic Statistics, the Journal of Econometrics, the Journal of Financial Econometrics, and the Journal of Money, Credit, and Banking amongst others. Finally, he is a frequent presenter at international conferences on issues related to sovereign bond markets and monetary policy.

Call for papers

EABCN-EUI training course: Term structure models and the zero lower bound @ Sala Europa, Villa Schifanoia
Sep 7 @ 9:00 am – Sep 9 @ 7:00 pm

The course will cover the most recent literature on how to model the term structure of bond yields including the challenges posed by the asymmetric behavior of yields near their lower bound. Jens Christensen will teach the course. It is primarily aimed at participants in the Euro Area Business Cycle Network but applications will also be considered from doctoral students, post-doctoral researchers and economists working in central banks and government institutions outside of the network, as well as commercial organisations (fees applicable for non-network organisations).

Organiser: Prof. Massimiliano Marcellino – Bocconi University

Speaker: Jens Christensen – Federal Reserve Bank of San Francisco

 

Call for Application

Oct
8
Thu
ADEMU Kick-Off Conference on Reassessing the EU Monetary and Fiscal Framework @ University of Cambridge
Oct 8 – Oct 9 all-day
ADEMU Kick-Off Conference on Reassessing the EU Monetary and Fiscal Framework @ University of Cambridge | United Kingdom

Conference venue: Corpus Christi College (www.corpus.cam.ac.uk).
The specific room will be the McCrum Lecture Theatre.

Registration deadline is 25 September, 2015

 

View the Conference Program

 

Thursday, October 8

13:00–13:10 | Welcome Address

  • Ramon Marimon, European University Institute, UPF–Barcelona GSE & CEPR

13:10–14:40 | Long-term sustainability of a monetary and fiscal union (WP1)

  • Chair: Jurgen Von Hagen, University of Bonn
  • Charlie Brendon, University of Cambridge
  • Giancarlo Corsetti, University of Cambridge
  • Árpád Ábrahàmand and Ramon Marimon, European University Institute
  • Jesus Fernandez-Villaverde, University of Pennnsylvania

15:00–16:30 | Stabilisation policy in currency unions (WP2)

  • Chair: Evi Pappa, European University Institute
  • Pedro Teles, Universidade Católica Portuguesa & Bank of Portugal
  • Morten Ravn, University College London
  • Franck Portier, Toulouse School of Economics
  • Martin Uribe, Columbia University

16:30–18:00 | Round Table: “What type of Fiscal Union?”

  • Moderator: Isabel Correia, Universidade Católica Portuguesa & Bank of Portugal
  • Joaquín Almunia, Former Vice President of the European Commission
  • José Manuel Campa, Grupo Santander and IESE Business School
  • Eilis Ferran, University of Cambridge
  • John Hassler, Stockholm University and Swedish Fiscal Policy Council
  • Coen Tuelings, University of Cambridge

Friday, October 9

09:00–10:30 | Macroeconomic and financial imbalances and spillovers (WP3)

  • Chair: Thomas Hintermaier, University of Bonn
  • Radim Bohacek, CERGE
  • Christian Hellwig, Toulouse School of Economics
  • Joachim Jungherr, IAE-CSIC and Barcelona GSE
  • Philip Lane, Trinity College Dublin

11:00–12:00 | Keynote Address

  • Herman Van Rompuy, Former President of the European Council

13:30–15:30 | Policy Implementation (WP4)

  • Chair: Marek Kapicka, CERGE
  • David Levine and Thomas Beukers, European University Institute
  • Giorgio Monti, European University Institute
  • Chris Bickerton, University of Cambridge
  • Kenneth Armstrong, University of Cambridge

16:00–16:20 | ADEMU activities, organisation and dissemination (WP5 & WP6)

  • Hugo Rodriguez, IAE–CSIC and Barcelona GSE

16:20–18:20 | Round Table: “Strengthening the EMU in the aftermath of the Greek crisis”

  • Moderator: Richard Portes, London Business School, EUI & CEPR
  • Sir Charles Bean, LSE and former Deputy Governor of the Bank of England
  • Thomas Cooley, New York University – Stern Business School
  • Lucrezia Reichlin, London Business School & CEPR
  • Frank Smets, European Central Bank
  • René Smits, University of Amsterdam
  • Zdeněk Tůma, KPMG and former Governor of the Czech National Bank

 

Conference Registration

Apr
28
Thu
Filling the Gaps in Governance: The Case of Europe @ Sala Europa
Apr 28 all-day

The European University Institute (EUI), the Brevan Howard Centre at Imperial College together with BAFFI CAREFIN at Bocconi University are organising jointly a conference entitled “Filling the Gaps in Governance: The Case of Europe” to be held at the EUI in Florence on Thursday, April 28, 2016

The conference will bring together leading economists, lawyers, political scientists and policy makers to discuss the current economic situation in Europe with particular emphasis on the issue of filling the gaps or incompleteness in the agreements governing economic cooperation in Europe.  These agreements, implicit and explicit, range from matters such as the agreements about domestic debt/GDP levels, the “no bailout clause”, the new banking union, the use of a common currency, the agreement to include identical Collective Action Clauses in all Euro area sovereign bonds and so on.

Organisers:

Franklin Allen | Brevan Howard Centre Imperial College

Elena Carletti | BAFFI CAREFIN Bocconi University and European University Institute

Joanna Gray | Birmingham University

Mitu Gulati | Duke University

 

Read the programme

 

Previous Conferences

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The new financial architecture in the Eurozone

23 April 2015

CoverEuro2014

Bearing the Losses from Bank and Souvereign Default in the Eurozone

24 April 2014

interior

Political, Fiscal and Banking Union in the Eurozone?

25 April 2013

Cover-governancefortheeurozone 

Governance for the Eurozone: Integration or Disintegration?

26 April 2012

Cover-LifeintheEurozoneebook 

Life in the Eurozone with or without Sovereign Default?

14 April 2011

Apr
29
Fri
Eui-nomics 2016: Debating the Economic Conditions in the Euro Area and Beyond @ Sala Europa, Villa Schifanoia
Apr 29 @ 9:00 am – 10:00 pm

The EUI-nomics workshops provide a forum for discussion among academics and economists in public and private institutions about the current and expected future global economic conditions, with a special focus on the euro area and its member countries. For each country/area there will be short presentations by leading experts followed by general discussion. The workshops will be completed by a policy panel debating on key economic policy issues for the euro area.

See the programme

Jun
16
Thu
Financial Deregulation: A Historical Perspective @ Sala Europa, Villa Schifanoia
Jun 16 @ 2:00 pm – Jun 17 @ 1:30 pm

This conference will address the liberalisation of the financial sector that occurred towards the end of the 20th Century, with a particular focus on the 1980s. It will cover different countries and consider the emergence and persistence of a new regulatory paradigm until – or even after – the recent financial crisis.

In most rich countries, various measures have been passed in order to liberalise and “modernise” the financial markets. Each country had its own agenda, but each of them has experienced, to a various extent, a change in regulatory regime. Interest rates paid on deposits have been liberalised, competition has been favoured, traditional barriers between insurance, banking, and
financial market activities, have been removed, as well as exchange controls. Access to domestic markets by foreign financial institutions has been facilitated through reciprocal agreements or through an open door approach attracting foreign investors.
Financial deregulation – or liberalisation – has not yet been thoroughly examined by historians, though, because of the difficulty to access archival material for recent periods. However, such material is becoming increasingly accessible and allows historians to take a new look at the matter, particularly concerning the 1980s.

As major reforms of the financial sector, such as Basel III, are being widely debated today, it is important to take a broader and longer-term view, in order to understand if we are still living under the same regulatory regime as before, or if a truly new paradigm has emerged. We will address the relevance of the notion of “deregulation”, the links between the changes under consideration and globalisation, and the respective influence of market forces and politics in this process. These questions call for an interdisciplinary approach that not only looks at historical and economic aspects, but also addresses legal, conceptual, and political issues.

Organiser: Youssef Cassis

Download the programme

Jun
28
Tue
EUI Forum on Brexit @ Seminar Room 2, Badia Fiesolana
Jun 28 @ 11:00 am – 12:30 pm
EUI Forum on Brexit @ Seminar Room 2, Badia Fiesolana

The European University Institute Forum on Brexit with short contributions from Brigid Laffan, Gary Marks and Liesbet Hooghe.

Brigid Laffan is Director of the Robert Schuman Centre for Advanced Studies (RSCAS) at the EUI.

Gary Marks is a research professor in Multilevel Governance at the VU University Amsterdam and Burton Craige Distinguished Professor of Political Science at the University of North Carolina at Chapel Hill. Gary Marks is currently a Visiting Scholar at the RSCAS.

Liesbet Hooghe is the W. R. Kenan Jr. Professor of Political Science at the University of North Carolina at Chapel Hill. She also holds a research professorship in multilevel governance at the VU University Amsterdam. Liesbet Hooghe is currently a Visiting Scholar at the RSCAS.

Watch the Recording of the Conference

Jul
14
Thu
Executive Seminar on Banking Resolution @ Florence
Jul 14 – Jul 15 all-day
Executive Seminar on Banking Resolution @ Florence | Florence | Tuscany | Italy

On the 14-15 of July, the Florence School of Banking & Finance will hold an executive seminar on banking resolution. The aim of this Chatham House seminar will be to discuss, in the presence of senior decision-makers from the European Central Bank, the European Commission, the Single Supervisory Mechanism, the European Banking Authority and the Single Resolution Board the implications for regulators and financial institutions alike of the newly established banking resolution regime. Distinguished academics and senior practitioners from financial institutions have also confirmed their participation. 

Download the programme

This is a closed event.

Feb
16
Thu
Legal Aspects of Liquidity Coverage Ratio, Net Stable Funding Ratio and The Internal Liquidity Adequacy Assessment Process @ Teatro, Badia Fiesolana
Feb 16 – Feb 17 all-day
Legal Aspects of Liquidity Coverage Ratio, Net Stable Funding Ratio and The Internal Liquidity Adequacy Assessment Process @ Teatro, Badia Fiesolana | San Domenico, Fiesole | Toscana | Italy

Course instructor: Bart Joosen (University of Amsterdam)
Area: Supervision and Resolution
Level: Intermediate

This training course will:

  • bring a close reading of the LCR Regulation and analyses the various topics concerning liquidity inflows and outflows
  • explore the dependencies of the LCR Regulation with the legislative framework for covered bonds, securitisation and deposit guarantee schemes
  • analyse, in a separate close reading session, the EBA Guidelines on ICAAP and ILAAP information collected for SREP purposes
  • address the forthcoming NFSR rules as well as the interaction of those rules with the LCR framework

The course is targeted, among others, at EU Officials (ECB, SSM, SRB, ESRB, EBA, ESM), Senior Policy Officers aand Legal officers of Prudential Supervisors/National Central Banks. It is expected that the course participants have a degree in Law or Social Sciences, and prior knowledge of European capital and liquidity regulation.

Click here for further information

Mar
8
Wed
Macroprudential Policy: Promise and Challenges @ Conference Room, Villa La Fonte
Mar 8 – Mar 10 all-day
Macroprudential Policy: Promise and Challenges @ Conference Room, Villa La Fonte | Fiesole | Toscana | Italy

Course Instructor: Enrique G. Mendoza (University of Pennsylvania)
Area: Financial Stability and Regulation
Level: Intermediate/Advanced
Deadline for registrations: 14 February 2017

This course will focus on the following topics:

  • A primer on financial markets modeling in open economy models and fundamentals of macro models of financial crises
  • Stylized facts of credit booms and Sudden Stops
  • Collateral constraints and the case for Macroprudential policy
  • Quantifying the effectiveness of optimal v. simple financial policy rules in Sudden Stop models
  • Time-inconsistency in the conduct of macropudential policy
  • The interaction between monetary and financial policies (Tinbergen’s rule and the need for coordination)

This course is targeted at financial stability and research departments of Central Banks, Ph.D. students, research departments of private banks, and EU Officials (e.g. ECB, SSM, SRB). Participants are expected to have a degree in Economics and to be proficient in mathematics, statistics and macro-modeling.

Click here for further information and registration