With increased power comes increased responsibility
What will the future of central banking look like?
Date: Wednesday 2 May 2018
Venue: Sammy Ofer Centre, LBS
This event was hosted by London Business School’s AQR Asset Management Institute.
- Francesco Papadia, Senior Resident Fellow at the Bruegel Institute and former Director General for Market Operations at the ECB
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About the event:
Central Banks emerged from the Great Recession with increased power and responsibility, and a renewed emphasis on financial stability.
Central Bankers now face a dilemma - the long-held assumption that the pursuit of price stability would also lead to financial stability has been shaken in the aftermath of the recession. The expansion of their remit has come at a cost with increasing questions about their independence as the lines between monetary and fiscal policy have blurred.
Is it now time for a new central banking model? What will central banking look like in the future? Can government be held at arms-length?
LBS alumnus Francesco Papadia discussed this and more, sharing insights from his new book, Central Banking in Turbulent Times.
The presentation was followed by moderated Q&A with the audience.