MONETARY AND BANKING CONFERENCE 2024

09:30 | WELCOME REMARKS [Presentation in Spanish]

Santiago Bausili – España | President, BCRA
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10:00-11:30 | CENTRAL BANK OUTLOOK
The Impact of Fiscal Policy on the Global Monetary Cycle

Neel Kashkari – España | President, Federal Reserve Bank of Minneapolis
Pablo Hernandez de Cos | Former Governor, Bank of Spain
Moderators | Santiago Bausili
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11:30-13:00 | ECONOMISTS’ EXPECTATIONS OF ARGENTINA’S STABILIZATION
The Role of Fiscal, Monetary and Exchange Policy [Presentation in Spanish]

Ricardo Héctor Arriazu – España | Founding Partner, Arriazu Macroanalistas
Gustavo Cañonero | President, CMF Asset Management and Former Vice President, BCRA
Rafael Di Tella | Fellow, Harvard University and Professor, UTDT
Moderators | Vladimir Werning and Federico Furiase
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15:00-16:00 | REFLECTIONS OF ACADEMIA ON “QUASI-FISCAL DOMINANCE”
From Cagan to Ramsey: Optimal Monetary Policy Under Exchange Controls [Spanish presentation]

Iván Werning – España | Robert M. Solow Professor of Economics, MIT and Fellow, NBER
Moderators | Mauro Alessandro and Sebastián Katz
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16:00-17:30 | EXPERIENCES OF ECONOMIC STABILIZATION / PANEL I: BRAZIL AND ISRAEL
The Challenges of De-Indexation and the Introduction of Exchange Rate Flexibility

Gustavo Franco – España | Partner and Senior Advisor, RBI and Past President, Banco Central do Brasil
Leonardo Leiderman | Professor, Tel Aviv University and Former Head of the Research Department, Bank of Israel
Moderators | Mauro Alessandro and Sebastián Katz

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17:30-18:30 | REFLECTIONS FROM ACADEMIA ON “FINANCIAL DOMINANCE”
External Debt: Recurrent Restructurings, Extended Litigation, and Exchange Controls

Gregory Makoff | Senior Fellow, Harvard Kennedy School and author of the book “Default: The historic judicial battle around the restructuring of USD 100,000 million of Argentina’s debt”
Moderators | Santiago Bausili and Vladimir Werning
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9:30-11:00 | EXPECTATIONS OF INTERNATIONAL CREDIT MARKETS
Interest Rate Cycle in the Era of Quantitative Monetary Policy [Spanish Presentation]

Claudio Irigoyen – España | Chief Economist, Bank of America
Graham Stock | Senior Emerging Markets Strategist, BlueBay AM
Thomas Smith | Portfolio Manager, MetLife Investment Management
Moderators | Vladimir Werning and María Fernanda Martijena
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11:00-12:30 | EXPERIENCES OF ECONOMIC STABILIZATION / PANEL II: PERU AND URUGUAY
The Challenges of Stabilizing in Bimonetary Economies [Spanish Presentation]

Adrián Armas – España | Central Manager of Economic Studies, Central Reserve Bank of Peru
Gerardo Licandro – España | Economic Advisory Manager, Central Bank of Uruguay
Moderators | Mauro Alessandro and Sebastián Katz
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12:30-13:30 | REFLECTIONS OF ACADEMIA ON “FISCAL DOMINANCE”
Unpleasant Monetarist Arithmetic: The Graduating and Failing Countries of Latin America [Spanish Presentation]

Juan Pablo Nicolini – España | Senior Economist, Federal Reserve Bank of Minneapolis;
Professor, UTDT and co-editor (together with Timothy J. Kehoe) of the book “Monetary and Fiscal History of Latin America, 1960-2017”
Moderator | Vladimir Werning
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15:30-17:00 | IMPULSES FOR THE RECONVERSION OF THE ARGENTINE FINANCIAL SYSTEM
Credit to the Private Sector: Perspectives on a Crowding In Cycle

Fabián Kon – España | CEO, Banco Galicia
Jorge Alberto Bledel – España | CEO, BBVA Argentina
Osvaldo Giménez – España | CEO, Mercado Pago
Moderators | Juan Curutchet and Nicolás Ferro
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17:00-17:30 | ACKNOWLEDGEMENTS AND CONCLUSIONS [Presentation in Spanish]
Vladimir Werning – España | Vice President, BCRA
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17:30-18:30 | REMARKS BY THE PRESIDENT OF THE NATION [Presentation in Spanish]
Javier Milei – España | President of the Argentine Nation
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