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Central Banking Executive Programme

Monday 3rd September 2018 to Friday 7th September 2018
Location: 
Linacre College
Details
Organized by the Association for Research on Banking and the Economy (ARBE) and the Centre for Banking, Finance and Sustainable Development, University of Southampton, held at Linacre College, University of Oxford.
 
The Central Banking Executive Programme held at Linacre College, University of Oxford, offers senior central bank executives the opportunity to engage with the world leading experts in central banking, finance, banking and economics in analyzing the latest challenges in central bank operations and policy.
 
Central banks today face an unprecedented number and diverse range of demands. Many problems, however, can be traced to the role of banks as creators of the money supply, which has major implications for bank regulation, central banking operations and monetary and macroeconomic policies. Yet, this fact has remained ignored by economists and regulators alike for too long. Key instructors in this Central Banking Executive Programme have been at the forefront of the currently ongoing revolution in monetary and macroeconomics and its ramifications for central bank policies and implementation.
 
Expert instructors include Professor Charles Goodhart (LSE), the UK’s leading central bank and monetary economics expert, Dr James Forder (Vice-Master, Balliol College, Oxford), the leading expert on central bank independence, credibility and transparency policies, Professor Dariusz Wójcik (Oxford University), an expert on international financial centres, Charlie Haswell (former adviser to the chairman of HSBC), a world leading bank regulation policy expert and Professor Richard Werner (Linacre College, Oxford, and University of Southampton), the inventor of ‘Quantitative Easing’ and the Quantity Theory of Credit.
 
The programme will cover:
  • Calls for monetary reform and how central banks can respond and engage
  • Interest rate policy reconsidered – challenges at the zero bound, negative rates and empirical evidence on a half-century of interest rate policy during diverse macroeconomic scenarios
  • Central bank independence reconsidered – the theory, the evidence, the challenges and the meaning of accountability
  • Delivering high, sustainable, equitable, stable, non-inflationary growth – The Holy Grail of Central Banking, as practiced in the East Asian ‘Miracle Economies’
  • The increasing digitalization of transactions – issues and impacts
  • Unconventional monetary policies – pitfalls, unintended side-effects and policy options
  • Enhanced Debt Management and the implications for central bank policy
  • Banking sector structure and monetary policy effectiveness: How can central banks reshape the banking system?
  • Bank regulation: The Basel approach and its shortcomings – New approaches and empirical evidence
  • The interaction of fiscal and monetary policy – new ways towards constructive engagement
  • Empirical evidence and methods to harness data for policy discussions
  • Debates and controversies surrounding central bank policy – and how central banks can engage better with researchers, media and the public.
Certificate of Completion from Linacre College, University of Oxford
 
There will be a Certificate of Completion issued by the Principal of Linacre College, University of Oxford, and Professor Richard Werner, the Convenor of ARBE, a registered UK educational charity specializing in banking. The five-day programme of seminars, lectures, work-shops and discussions will be followed by a joint excursion on Saturday. Outside class, all participants have the chance to taste the diverse range of Oxford social, cultural and sporting life.
 
For full details, please refer to the website of the Association for Research on Banking and the Economy (ARBE), a UK-registered educational charity in association with whom the event is organised at Linacre College.
 
Contact e-mail: 
convenor@arbe.org.uk