International conference on capital flows, systemic risk, and policy response
At the conference, which will be held at the Hilton Nordica hotel and at Silfurberg Hall in the Harpa Conference Centre in Reykjavík, a number of research studies will be presented. Governor Már Guðmundsson will open the conference with an introductory address on Thursday morning, followed by a special address by Stijn Claessens of the US Federal Reserve Board. Discussions of macroprudential policy will follow, steered by Sigríður Benediktsdóttir, Director of Financial Stability at the Central Bank of Iceland, and Ásgeir Jónsson, chairman of the Faculty of Economics at the University of Iceland, with the participation of representatives from central banks and universities. There will also be a special discussion of cross-border capital flows and potential policy responses, led by Professor Charles Goodhart, former Chief Economist at the IMF.
On Friday there will be a discussion of capital flows and financial stability, led by Luis Catao of the IMF, followed by presentations from Jón Daníelsson of the LSE Systemic Risk Centre and Thorvardur Tjörvi Ólafsson of the Central Bank of Iceland. Jón will discuss finance in unstable economies, and Tjörvi will discuss the financial cycle, capital flows, and policy responses in Iceland.
On Friday at 14:00, the programme at Harpa will begin with a special address by IMF Chief Economist Maurice Obstfeld, followed by a panel discussion with Jörg Decressin (IMF), Karnit Flug (Bank of Israel), Már Guðmundsson (Central Bank of Iceland), Turalay Kenc (Central Bank of the Republic of Turkey), Luiz A. Pereira da Silva (Bank for International Settlements), and Carmen Reinhart (Harvard University). The closing address will be delivered by Jón Daníelsson of the LSE Systemic Risk Centre.
Webcast
It will be possible to watch Maurice Obstfeld’s address, the panel discussion, and the closing address via webcast, which can be found here. (The webcast starts after 30 minutes). .