Program: DNB-Riksbank-Bundesbank Macroprudential Conference Series June 18 and 19, 2025
June 18-19, 2025: De Nederlandsche Bank - Sveriges Riksbank - Deutsche Bundesbank - the Central Bank of Ireland , 9th Annual Macroprudential Conference
De Nederlandsche Bank will be hosting this high-level conference on macroprudential policy this year. The conference will be the ninth in a series of annual macroprudential conferences and will be organised jointly with the Sveriges Riksbank, the Deutsche Bundesbank and the Central Bank of Ireland.
The conference provides an excellent opportunity for policy makers, representatives of the private sector and prominent academics from around the world to gather to discuss, exchange experiences and learn from the best in the macroprudential field. Previous conferences in the series were hosted by the Sveriges Riksbank (2015, 2016, 2018, 2023), De Nederlandsche Bank (2017, 2022) and the Deutsche Bundesbank (2019, 2024). In 2024, the Central Bank of Ireland joined the organization of this conference.
Participation is by invitation only.
Wednesday, 18 June 2025 - De Nederlandsche Bank, Amsterdam
8:45- 9:15 Registration with coffee/tea
9:15- 9:30 Welcoming remarks: Olaf Sleijpen (Executive Board Member at DNB)
SESSION I
Chair: Vasileios Madouros (Central Bank of Ireland)
9:30-10:45 Income-based tools to mitigate housing market risks
Where might we have been without them?
Ryan Banerjee (Bank for International Settlements)
Discussant 1: David Miles (Imperial College London)
Discussant 2: Katharina Bergant (International Monetary Fund)
10:45 – 11:15 Coffee break
SESSION II
Chair: Olaf Sleijpen (De Nederlandsche Bank)
11:15-12:30 Strategic decoupling: the geoeconomics of global telecommunication investments, 1850-2024
Christoph Trebesch (Kiel Institute)
Discussant 1: Sweder van Wijnbergen (University of Amsterdam)
Discussant 2: Anna Seim (Sveriges Riksbank)
12:30 – 13:30 Lunch
SESSION III
Chair: Agnès Bénassy-Quéré (Banque de France)
13:30-14:45 QE and bond markets
Tyler Muir (UCLA Anderson)
Discussant 1: Ben Broadbent
Discussant 2: Kristin Forbes (MIT Sloan School of Management)
14:45 – 15:15 Coffee break
SESSION IV
Chair: Aerdt Houben (De Nederlandsche Bank)
15:15-16:30 Bank Governance: Lessons Still Not Learned
Marco Becht (Université libre de Bruxelles)
Discussant 1: Andrea Enria (Prudential Regulation Authority, Bank of England)
Discussant2: Renee Adams (University of Oxford)
16:30 – 17:00 Coffee break
17:00-18:00 Keynote speech by Darrell Duffie (Stanford University)
Central bank balance-sheet policy and financial market liquidity
Chair: Philip Lane (European Central Bank)
17:00 – 18:00 drinks
18:00 – 20:00 dinner at De Nederlandsche Bank, Amsterdam
Thursday,19 June 2025 – De Nederlandsche Bank, Amsterdam
SESSION V
Chair: Ailsa Röell (Imperial College London)
9:00-10:15 Non-bank private credit
David Scharfstein (Harvard Business School)
Discussant 1: Luc Laeven (European Central Bank)
Discussant 2: Gregor Matvos (Northwestern University)
10:15 – 10:45 Coffee break
SESSION VI
Chair: Patrick Honohan (Trinity College Dublin)
10:45-12:00 Türkiye’s homemade crises: Lessons for emerging markets
Alp Simsek (Yale University),
Discussant 1: Mehmet Yörükoğlu (Koç University)
Discussant 2: Şebnem Kalemli-Özcan (Brown University)
12:00 – 13:00 Lunch break
Moderator: Claudia Buch (European Central Bank)
13:00-14:15 Policy panel: On the future of banking
Panelist: Jackie Reses (Lead Bank)
Panelist: Victoria Ivashina (Harvard Business School)
Panelist: Eric Rosengren (Visiting Scholar MIT Golub Center For Finance and Policy and former President FRB Boston)
Scientific Committee
Elena Carletti (Bocconi University)
Anil Kashyap (University of Chicago)
Nobuhiro Kiyotaki (Princeton University)
Arvind Krishnamurthy (Stanford University)
Rafael Repullo (CEMFI)
Hélène Rey (London Business School)
Dimitri Vayanos (London School of Economics)
Organising Committee
Falko Fecht (Deutsche Bundesbank)
Christian Schumacher (Deutsche Bundesbank)
Maurice Bun (De Nederlandsche Bank)
David-Jan Jansen (De Nederlandsche Bank)
Enrico Perotti (De Nederlandsche Bank)
Jonas Niemeyer (Sveriges Riksbank)
Fergal McCann (Central Bank of Ireland)