MONETARY AND BANKING CONFERENCE 2007

Challenges in global financial markets

8:15 – 9:00 | Accreditations

9:00 AM – 9:30 AM | Monetary Policy and New Financial Instruments

Mario Draghi | Governor, Bank of Italy- President, Financial Stability Forum

09:30 – 11:00 | The Growing Influence of Emerging Countries
Chair: Ernest Brown | Head of Research, Santander Investment

Sergey Ignatiev – España | President, Central Bank of Russia
Y. V. Reddy | Governor, Reserve Bank of India
Martin Redrado | President, Central Bank of the Argentine Republic

11:00 – 11:15 | Interval

11:15 AM – 12:45 PM | The Underlying Forces in the Global
Economy Chair: Gustavo Cañonero | Head of Research, Deutsche Bank

Nout Wellink – España | President, Bank of the Netherlands
Erkki Liikanen | Member of the Governing Council, European
Central Bank José Viñals | Deputy Governor, Bank of Spain

12:45 – 15:00 | Lunch break

15:00 – 16:00 | Financial Development and Economic Growth
Chair: Alberto Ades | Head of Research, Citigroup

Raghuram Rajan – España | Professor, University of Chicago

4:00 PM – 4:30 PM | Financial Risks: the vision of the BIS
Chair: Zenón Biagosch | Deputy Superintendent, Central Bank of the Argentine Republic

Malcolm Knight | General Manager, Bank for International Settlements

4:30 PM – 4:45 PM | Interval

4:45 PM – 5:45 PM | Capital Flows, Financial Stability and Monetary Policy

Joseph Stiglitz | Professor, Columbia University

5:45 PM – 7:15 PM | Uncertainty and Monetary Policy: Theory and Practice
Chair: Alberto Bernal | Head of Studies, Bear Stearns

Joseph Tracy | Chief Economist, New York
Federal Reserve Daniel Heymann | Chief Economist, Economic Commission for Latin America and the Caribbean (ECLAC)
Hernán Lacunza | Head of Studies, Central Bank of the Argentine Republic

Central Bank Dilemmas: The Relationship Between Monetary Policy, Financial Stability, and Economic Growth

08:30 – 09:00 | Accreditations

09:00 – 10:30 | Monetary Regime: Alternatives for Emerging Countries
Chair: Jorge Levy | Director, Central Bank of the Argentine Republic

Mario Blejer – España | Director, Centre for Central Banking Studies at the Bank of England
Eduardo Curia | President, Vittorio Corbo Center for Social and Economic
Analysis | Governor, Central Bank of Chile

10:30 – 10:45 | Interval

10:45 – 11:45 | Changing Doctrinal Perspectives in Central
Banking Chair: Luis Corsiglia | Director, Central Bank of the Argentine Republic

Ronald McKinnon | Professor, Stanford
University Willem Buiter | Professor, University of Economics and Political Science London

11:45 AM – 12:45 PM | Monetary Aggregates in an Uncertain
Framework Chair: Luciano Laspina | Director, Macrovision

Otmar Issing – España | Former Board Member, European
Central Bank Eduardo Levy-Yeyati | Director, Finance Research
Center of the Torcuato Di Tella University

12:45 – 15:00 | Lunch break

15:00 – 16:30 | Tradeoffs between Monetary Stability and Financial Stability
Chair: Arnab Das | Head of Studies, Dresdner Kleinwort

Joshua Aizenman | Professor, University of California – Santa Cruz
Axel Leijonhufvud | Professor, University of California
Anne Sibert | Professor, University of London

4:30 PM – 4:45 PM | Interval

4:45 PM – 5:45 PM | A Financial Architecture for the Global
Economy Chair: Arturo O’Connell | Director, Central Bank of the Argentine Republic

Richard Cooper | Professor, Harvard University

5:45 PM – 6:45 PM | Future Challenges for Monetary
Policy Chair: Arnaldo Bocco | Director, Central Bank of the Argentine Republic

Andrew Crockett | Chairman, JPMorgan Chase
Martín Redrado | President, Central Bank of the Argentine Republic