Date: Monday 24 October 2016
Time: 6.00 - 7.30pm
Venue: CLM.3.03, Clement House
Speaker: Ellen Meade
In this seminar, we discuss how central banks interact with one another in normal times and how they behave during times of crisis. Today, central banks have more forums in which they interact without finance ministries than they did in earlier times, reflecting the fact that the focus of interactions has shifted away from managing exchange rates and toward monitoring and regulating the international financial system, global financial institutions, and cross-border capital flows.
At the same time, the rise in statutory independence has given central banks more authority to shape the response to events. Our main finding is that the relationship-building that is inherent in multilateral interaction has provided a spring board for coordination in times of stress or crisis. Moreover, crises matter in that they can be turning points in terms of the actions taken and the countries included in the dialogue.
This event is free and open to all with no ticket or pre-registration required. Entry is on a first come, first served basis.