2024 Money and Banking Conference

9:30 am | WELCOME REMARKS [Presentation in Spanish]

Santiago Bausili | Governor, BCRA
Video in ESP | Video in ENG

10:00 am -11:30 am | CENTRAL BANKS’ PERSPECTIVES
The Impact of Fiscal Policy on the Global Monetary Cycle [Presentation in English]

Neel Kashkari | President, Federal Reserve Bank of Minneapolis
Pablo Hernández de Cos | Former Governor, Bank of Spain
Moderators | Santiago Bausili
Video in ESP | Video in ENG
Presentation of Neel Kashkari (PDF)
Presentation of Pablo Hernández de Cos (PDF)

11:30 am -1:00 pm | ECONOMISTS’ EXPECTATIONS ON ARGENTINE STABILIZATION
The Role of Fiscal, Monetary, and Foreign Exchange Policies [Presentation in Spanish]

Ricardo Héctor Arriazu | Founding Partner, Arriazu Macroanalistas
Gustavo Cañonero | President, CMF Asset Management and Former Deputy Governor, BCRA
Rafael Di Tella | Fellow, Harvard University and Profesor, UTDT
Moderators | Vladimir Werning and Federico Furiase
Video in ESP | Video in ENG (PDF)
Presentation of Ricardo Héctor Arriazu (PDF)
Presentation of Gustavo Cañonero (PDF)
Presentation of Rafael Di Tella (PDF)

3:00 pm -4:00 pm | ACADEMIC PERSPECTIVES REGARDING “QUASI-FISCAL DOMINANCE”
From Cagan to Ramsey: Optimal Monetary Policy Under Exchange Controls [Presentation in Spanish]

Iván Werning | Robert M. Solow Professor of Economics, MIT and Fellow, NBER
Moderators | Mauro Alessandro and Sebastián Katz
Video in ESP | Video in ENG
Presentation of Iván Werning (PDF)

4:00 pm – 5:30 pm | EXPERIENCIES IN ECONOMIC STABILIZATION / PANEL I: BRAZIL AND ISRAEL
The Challenges of Deindexation and the Pathway to Exchange Rate Flexibility [Presentation in English]

Gustavo Franco | Partner and Senior Advisor, RBI and Former Governor, Central Bank of Brazil
Leonardo Leiderman | Professor, Tel Aviv University and Former Head of the Research Department, Bank of Israel
Moderators | Mauro Alessandro and Sebastián Katz

Video in ESP | Video in ENG
Presentation of Gustavo Franco (PDF)
Presentation of Leonardo Leiderman (PDF)

5:30 pm -6:30 pm | ACADEMIC PERSPECTIVES REGARDING “FINANCIAL DOMINANCE”
External Debt: Recurrent Restructurings, Protracted Litigation, and Exchange Controls [Presentation in English]

Gregory Makoff | Senior Fellow, Harvard Kennedy School and author of “Default: The Landmark Court Battle over Argentina’s $100 Billion Debt Restructuring”
Moderators | Santiago Bausili and Vladimir Werning
Video in ESP | Video in ENG
Presentation of Gregory Makoff (PDF)

9:30 am -11:00 am | INTERNATIONAL CREDIT MARKETS EXPECTATIONS
Interest Rate Cycle in the Age of Quantitative Monetary Policy [Presentation in Spanish]

Claudio Irigoyen | 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
Video in ESP | Video in ENG
Presentation of Claudio Irigoyen (PDF)
Presentation of Thomas Smith (PDF)

11:00 am -12:30 pm | EXPERIENCES OF ECONOMIC STABILIZATION / PANEL II: PERU AND URUGUAY
The Challenges of Stabilization in Bi-Monetary Economies [Presentation in Spanish ]

Adrián Armas | Central Manager of Economic Studies , Central Reserve Bank of Perú
Gerardo Licandro | Economic Advisory Manager, Central Bank of Uruguay
Moderators | Mauro Alessandro and Sebastián Katz
Video in ESP | Video in ENG
Presentation of Adrián Armas (PDF)
Presentation of Gerardo Licandro (PDF)

12:30 pm -1:30 pm | ACADEMIC PERSPECTIVES REGARDING “FISCAL DOMINANCE”
Unpleasant Monetarist Arithmetic: The Passing and Failing Countries of Latin America [Presentation in Spanish]

Juan Pablo Nicolini | Senior Economist, Federal Reserve Bank of Minneapolis;
Professor, UTDT and co-editor (along with Timothy J. Kehoe) of the book “Monetary and Fiscal History of Latin America, 1960–2017”
Moderator | Vladimir Werning
Video in ESP | Video in ENG
Presentation of Juan Pablo Nicolini (PDF)

3:30 pm -5:00 pm | INCENTIVES FOR THE TRANSFORMATION OF THE ARGENTINE FINANCIAL SYSTEM
Credit to the Private Sector: Perspectives on a Crowding In Cycle [Presentation in Spanish]

Fabián Kon | CEO, Banco Galicia
Jorge Alberto Bledel | CEO, BBVA Argentina
Osvaldo Giménez | CEO, Mercado Pago
Moderators | Juan Curutchet and Nicolás Ferro
Video in ESP | Video in ENG

5:00 pm – 5:30 pm | ACKNOWLEDGMENTS AND CONCLUSIONS [Presentation in Spanish]
Vladimir Werning | Deputy Governor, BCRA
Video in ESP | Video in ENG
Presentation of Vladimir Werning (PDF)

5:30 pm – 6:30 pm | REMARKS BY THE PRESIDENT OF ARGENTINA [Presentation in Spanish]
Javier Milei | President of Argentina
Video in ESP | Video in ENG