The Riksbank macroprudential conference series
| Reference number | |
| Coordinator | SVERIGES RIKSBANK - HUVUDKONTOR |
| Funding from Vinnova | SEK 600 000 |
| Project duration | April 2015 - August 2015 |
| Status | Completed |
Purpose and goal
Macroprudential policy focuses on risks in the financial system. One insight from the most recent global financial crisis is that macroprudential policy is needed as a complement to monetary policy and fiscal policy. As it is a new policy area, there are currently few global forums in which to discuss macroprudential policy issues. Therefore, the Riksbank has taken the initiative for a new conference on macroprudential policy, the Riksbank macroprudential conference.
Expected results and effects
The aim is to establish this annual conference as the leading venue for frontier thinking on macroprudential policies, with participation by leading academics, policy makers, and representatives of the private sector.
Planned approach and implementation
The subjects discussed at the conference include household indebtedness, the long-term effects of capital regulation on the economy, how we can improve our ability to predict financial crises and how the liquidity regulations should be formulated. The keynote speaker at this year´s conference was Raghuram Rajan, Governor of the Reserve Bank of India, who is on leave of absence as professor of finance at the Graduate Business School of the University of Chicago and who has previously been Chief Economist at the International Monetary Fund. Other participants included Jeremy Stein of Harvard University, Atif Mian of Princeton University, Stanley Fischer, Vice Chairman of the Board of Governors of the US Federal Reserve System, and Peter Praet, executive board member of the European Central Bank. Participants from the Riksbank included the Executive Board and representatives of the Monetary Policy and Financial Stability Departments.