The transformation of the European financial system
Second ECB Central Banking Conference 24 and 25 October 2002 Frankfurt am Main
The ECB is organising a Central Banking Conference which is to be held every two years, with high-level attendance from central banks, international and European institutions, academics, as well as members of the financial press. Attendance at the conferences is by invitation only. However, the proceedings of the conferences will be posted on this Web site.
These conferences are designed to achieve a number of objectives. They will provide an opportunity for the ECB to gather different views on specific topics of interest to central bankers. They will also allow it to engage in an exchange of views to enhance the knowledge of the ECB's policy objectives and functioning and to contribute to its openness and transparency. Finally, the ECB intends to publish a book after each conference, also with the purpose of making a contribution to the economics literature through the release of original research.
Programme
Thursday, 24 October 2002
-
4 p.m.Opening speech:
Willem F. Duisenberg
President, European Central Bank -
First session
Banking in Europe
-
4.15 p.m.Chairperson:
Otmar Issing
Member of the Executive Board, European Central Bank
Speaker:
Jean Dermine
Professor of Banking and Finance and Director of the Center for International Financial Services, INSEAD
Discussants:
Harry Huizinga
Professor of International Economics, Tilburg University, and Economic Advisor to the European Commission
Eric Rosengren
Senior Vice-President in charge of the Supervision and Regulation Division, Federal Reserve Bank of Boston -
6.15 p.m.End of first session
-
Reception & dinner
-
7 p.m.Keynote speech:
Otmar Issing
Member of the Executive Board, European Central Bank
Friday, 25 October 2002
- Second session
Banks and markets: the changing character of European finance
-
8.30 a.m.Chairperson:
Eugenio Domingo Solans
Member of the Executive Board, European Central Bank
Speakers:
Luigi Zingales
Professor of Entrepreneurship and Finance, University of Chicago
Raghuram Rajan
Professor of Finance, University of Chicago
Discussants:
Franklin Allen
Professor of Finance and Economics and Co-Director of the Financial Institutions Center, University of Pennsylvania
Martin Hellwig
Professor of Economics, Universität Mannheim -
Third session
Integration of bond and equity markets in Europe:
the end of the portfolio investment bias?
-
11 a.m.Chairperson:
Sirkka Hämäläinen
Member of the Executive Board, European Central Bank
Speaker:
Jean-Pierre Danthine
Professor of Economics and Director of the International Center for Financial Asset Management and Engineering, Université de Lausanne
Discussants:
Bruce Carnegie-Brown
Head of European Debt Capital Markets, JP Morgan, London
Axel Weber
Professor of International Economics, Universität Köln
-
Policy panel
Central banks and financial stability
-
2.30 p.m.Chairperson:
Christian Noyer
Introduction:
Tommaso Padoa-Schioppa
Member of the Executive Board, European Central Bank
Panellists:
Jaime Caruana
Governor, Banco de España
Andrew Crockett
General Manager, Bank for International Settlements
Roger Ferguson
Vice-Chairman, Board of Governors of the Federal Reserve System
Charles Goodhart
Professor of Banking and Finance and Deputy Director of the Financial Markets Group, London School of Economics
Alexandre Lamfalussy
Chairman of the Committee of Wise Men on the Regulation of European Securities Markets and former President of the European Monetary Institute -
4.45 p.m.Closing remarks:
Lucas Papademos
Vice-President, European Central Bank
-
5 p.m.End of Conference
Documents
Opening speech:
Willem F. Duisenberg, Welcome speech.
Dinner speech:
Otmar Issing, Dinner speech.
Conference proceedings:
The transformation of the European financial system, Second ECB Central Banking Conference October 2002, Frankfurt am Main, 2 June 2003,
pdf 1.6 MB, en.
Papers:
Jean Dermine,
European Banking: past, present and future.
pdf 418 kB, en, press summary.
Luigi Zingales, Raghuram Rajan,
Banks and Markets: The changing character of European finance.
pdf 269 kB, en, press summary.
Jean-Pierre Danthine, Kpate Adjaouté,
Integration of bond and equity markets in Europe: The end of the portfolio investment bias?
pdf 620 kB, en, press summary.
Tommaso Padoa-Schioppa,
Central banks and financial stability.
pdf 235 kB, en, press summary .
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Programme, 83 kBTV services & webcasts
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Conference proceedings, 2.8 MBOrder your hard copy by writing to: info@ecb.europa.eu