Fourth Annual NBP-SNB Seminar: Financial Systems and Monetary Policy, 31 May-1 June 2007

The fourth conference organized jointly by the National Bank of Poland and the Swiss National Bank was held on 31 May-1 June 2007 at the Study Center Gerzensee. The main goal of the conference was to bring academics and central bankers together to discuss theoretical and practical aspects of financial systems and monetary policy including some case studies from transition countries. Sessions were devoted to the issues of financial systems and the real economy, financial sector development, financial systems and monetary policy, exchange rates, and interest rates.

Conference organisation

• Programme

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Papers

• Katrin Assenmacher-Wesche: The Term Structure of Interest Rates across Frequencies

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• Philippe Bacchetta: Exchange rate forecasting, order flow and macroeconomic information

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• Martin Brown: Information Sharing and Credit: Firm-Level Evidence from Transition Countries

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• Michal Brzoza-Brzezina: Mr. Wicksell and the global economy: What drives real interest rates?

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• Xavier Freixas: The Role of Interbank Markets in Monetary Policy: A Model with Rationing

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• Petra Gerlach: Three Aspects of the Swiss Term Structure: An Empirical Survey

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• Jean Imbs: Finance and Efficiency: Do Bank Branching Regulations Matter?

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• Sylvia Kaufmann: Financial Systems and the Cost Channel Transmission of Monetary Policy Shocks

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• Adam Kot: Impact of globalisation? Changes in the MTM in Poland

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Organising committee

• Werner Hermann (SNB)
• Pawel Samecki (NBP)
• Pinar Yesin (SNB)