MONETARY AND BANKING CONFERENCE 2005

May 30, 2005

8:00 – 9:30 | Accreditation

9:30 – 9:45 | Opening Martín Redrado, President, BCRA.

9:45 – 10:45 | I. The objectives of monetary policy and its contribution to sustained growth

John Taylor, Stanford University

10:45 – 11:15 | Recess

11:15 – 13:30 | II. Monetary Policy, External Sector, and Economic Growth

Fernando Álvarez, University of Chicago
Guillermo Calvo, IDB
José Fanelli, CEDES

Moderator: Claudio Irigoyen, Deputy General Manager of Economics and Finance, BCRA

13:30 – 15:00 | Lunch at leisure

15:00 – 16:15 | III. Implementation of monetary policy. International experience

John Murray, Bank of Canada
José Viñals, Bank of Spain
John Lipsky, JP Morgan Chase

Moderator: Eduardo Cafaro, Director, BCRA

16:15 – 17:15 | IV New monetary and exchange equilibria in the world

Kenzo Yamamoto, Bank of Japan
Xiang Junbo, The People’s Bank of China
Meir Sokoler, Bank of Israel

Moderator: Eduardo Cafaro, Director, BCRA

10:15 – 17:30 | Recess

17:30 – 19:00 | V. Implementation of monetary policy in Latin America

Henrique Meirelles, Central Bank of Brazil
Vittorio Corbo, Central Bank of Chile
Guillermo Ortiz, Bank of Mexico
Walter Cancela, Central Bank of Uruguay
Martín Redrado, BCRA

Moderator: Miguel Ángel Pesce, Vice President, BCRA

8:00 PM | Cocktail at the National Museum of Fine Arts

Av. Del Libertador 1473, Ciudad Autónoma de Buenos Aires.
Opening of the Argentine Art Exhibition in the 30s. Opening of cinemas. Commemoration of the 70th Anniversary of the BCRA.

May 31, 2005

9:00 – 10:00 | I. The Road to Basel II

Jaime Caruana, Central Bank of Spain

Moderator: Jorge Levy, Superintendent, BCRA

10:00 – 11:30 | II. Long-term credit, investment and economic growth

Rodrigo Valdés, Central Bank of Chile
Roberto Frenkel, CEDES
Carlos Quenan, Sorbonne
University Eduardo Loyo, Central Bank of Brazil

Moderator: Hernán Lacunza, Deputy General Manager of Economic Research, BCRA

11:30 – 12:00 | Recess

12:00 – 13:15 | III. Uncertainty, Business Cycles, and Financial System Stability

Mario Blejer, Bank of England
Daniel Heymann, ECLAC
Guillermo Rozenwurcel, University of San Martín

Moderator: Carlos Pérez, General Manager, BCRA

16:30 – 17:30 | IV Recovery and prospects of the Argentine financial system

Mario Vicens, ABA
Carlos Heller, ABAPPRA
Jorge Brito, ADEBA
Gregorio Goity, ABE

Moderator: Carlos Pérez, General Manager, BCRA

17:30 – 18:00 | Recess

18:00 – 19:00 | V. BCRA: 70 years of monetary policy in Argentina

Roberto Cortés Conde, Universidad de San Andrés
Gerardo Della Paolera, Universidad Americana de París
Pablo Gerchunoff, Universidad Di Tella

Moderator: Félix Camarasa, BCRA

17:30 – 18:00 | Recess

18:00 – 19:00 | VI. Lessons from Crises in Emerging Economies

Nouriel Roubini, New York University

19:00 – 19:30 | Closure

Miguel Ángel Pesce, Vice President of the BCRA
Martín Redrado, President, BCRA