A Workshop on Central Banks and Crises – Historical Perspective will be organised by the Deutsche Bundesbank Research Centre. The organisers are kindly inviting you to participate. The event will be held on July 8, 2015 in Frankfurt, Germany.
The recent financial turmoil and its serious economic consequences constituted a major challenge for central banks and banking supervisors around the world. Against this background, the Bundesbank is organising a workshop that aims to scrutinise how the role of central banks has evolved since the 19th century, with a particular focus on how financial crises such as those of 1873, 1907 and 1929 to 1933 have shaped the tasks and responsibilities of major central banks, as well as on how successful such changes have been.
Of particular interest are papers that examine one of the following four dimensions of central banking:
- How have financial crises changed the role of central banks in ensuring finan– cial stability and safeguarding the functioning of payment systems relative to maintaining monetary stability?
- How have responsibility for exchange rates and the degree of international coordination between the world’s major central banks been affected by financial crises?
- How and with what consequences have financial crises shaped the relationship between central banks and fiscal authorities?
- What lessons can past financial crises teach us about the policies needed to successfully contain the effects of a crisis and support a sustainable recovery?
The Bundesbank will cover transportation costs and provide accommodation for workshop speakers. The workshop will be followed by a more policy-oriented confer– ence on financial crises. Workshop participants are invited to attend this conference.
- Sandra Eickmeier – Deutsche Bundesbank, Frankfurt, Germany
- Heinz Herrmann – Deutsche Bundesbank, Frankfurt, Germany
- Harold James – Princeton University, Princeton, New Jersey, United States
- Albrecht Ritschl – London School of Economics, London, United Kingdom
- Isabel Schnabel – University of Mainz, Mainz, Germany
- Moritz Schularick – University of Bonn, Bonn, Germany