Oxford Central Banking Programme

Monday 24th July 2017 to Friday 28th July 2017
All day
Linacre College

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 Oxford Central Banking Senior 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 Oxford Executive Programme have been at the forefront of the currently ongoing revolution in monetary and macroeconomics and its ramifications for central bank policies.

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:

  • Unconventional monetary policies – pitfalls, unintended side-effects and policy options
  • 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
  • The role of cash and the increasing digitalization of transactions – issues and impacts
  • Calls for monetary reform and how central banks can respond and engage
  • Banking sector structure and monetary policy effectiveness
  • 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 it for policy discussions, including an applied econometrics crash course
  • 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: http://arbe.org.uk/oxford-central-banking-executive-program.

The programme can be seen here: http://arbe.org.uk/oxford-central-banking-executive-programme-schedule.