European Central Bank
Roundtable on euro risk-free rates - Discussion on term rates initiatives
- Title
- Roundtable on euro risk-free rates - Discussion on term rates initiatives
- Runtime
- 52:06
- Date posted
- 8 years ago
- Description
- Discussion on term rates initiatives
Alberto López Martín, European Money Markets Institute
Dominique Le Masson, BNP Paribas
Ciarán McGonagle, International Swaps and Derivatives
Association Q&A session with Jaap Kes, ING
Working group on euro risk-free rates
This industry-led working group was established to identify and recommend risk-free rates that could serve as a basis for an alternative to current benchmarks used in a variety of financial instruments and contracts in the euro area.
The group put forward three risk-free rate candidates. It then sought feedback from the market via a public consultation on which of the three would be the most suitable.
Based on further discussion and the feedback received, the group announced its recommendation on 13 September 2018 that ESTER be used as the risk-free rate for the euro area.
The group is now exploring possible approaches for en...
- Title
- Roundtable on euro risk-free rates - Issues related to EONIA transition
- Runtime
- 37:50
- Date posted
- 8 years ago
- Description
- Issues related to the EONIA transition
Cornelia Holthausen, ECB
Alberto López Martín, European Money Markets Institute
Carlos Molinas, Crédit Agricole
Q&A session with Jaap Kes, ING
Working group on euro risk-free rates
This industry-led working group was established to identify and recommend risk-free rates that could serve as a basis for an alternative to current benchmarks used in a variety of financial instruments and contracts in the euro area.
The group put forward three risk-free rate candidates. It then sought feedback from the market via a public consultation on which of the three would be the most suitable.
Based on further discussion and the feedback received, the group announced its recommendation on 13 September 2018 that ESTER be used as the risk-free rate for the euro area.
The group is now exploring possible approaches for ensuring a smooth transition to this rate.
- Title
- Roundtable on euro risk-free rates - Interest rate benchmarks
- Runtime
- 12:30
- Date posted
- 8 years ago
- Description
- Introductory remarks – Interest rate benchmarks in the context of the European Union framework
Tilman Lüder, European Commission
Working group on euro risk-free rates
This industry-led working group was established to identify and recommend risk-free rates that could serve as a basis for an alternative to current benchmarks used in a variety of financial instruments and contracts in the euro area.
The group put forward three risk-free rate candidates. It then sought feedback from the market via a public consultation on which of the three would be the most suitable.
Based on further discussion and the feedback received, the group announced its recommendation on 13 September 2018 that ESTER be used as the risk-free rate for the euro area.
The group is now exploring possible approaches for ensuring a smooth transition to this rate.
- Title
- Roundtable on euro risk-free rates - Welcome address
- Runtime
- 8:48
- Date posted
- 8 years ago
- Description
- Welcome address
Benoît Cœuré, ECB
(introduced by Cornelia Holthausen, ECB)
Working group on euro risk-free rates
This industry-led working group was established to identify and recommend risk-free rates that could serve as a basis for an alternative to current benchmarks used in a variety of financial instruments and contracts in the euro area.
The group put forward three risk-free rate candidates. It then sought feedback from the market via a public consultation on which of the three would be the most suitable.
Based on further discussion and the feedback received, the group announced its recommendation on 13 September 2018 that ESTER be used as the risk-free rate for the euro area.
The group is now exploring possible approaches for ensuring a smooth transition to this rate.
- Title
- Roundtable on euro risk-free rates - Opening speech
- Runtime
- 9:21
- Date posted
- 8 years ago
- Description
- Opening speech
Steven van Rijswijk, ING – Chair of the working group on euro risk-free rates
Working group on euro risk-free rates
This industry-led working group was established to identify and recommend risk-free rates that could serve as a basis for an alternative to current benchmarks used in a variety of financial instruments and contracts in the euro area.
The group put forward three risk-free rate candidates. It then sought feedback from the market via a public consultation on which of the three would be the most suitable.
Based on further discussion and the feedback received, the group announced its recommendation on 13 September 2018 that ESTER be used as the risk-free rate for the euro area.
The group is now exploring possible approaches for ensuring a smooth transition to this rate.
- Title
- Christopher Sims on One-Minute Insights: Bridging Monetary Policy Science and Practice
- Runtime
- 0:58
- Date posted
- 8 years ago
- Description
- We asked the panelists present at the ECB Monetary Policy Conference: bridging science and practice, 29-30 October 2018, to explain their work in one minute.
- Title
- Tobias Adrian on One-Minute Insights: Bridging Monetary Policy Science and Practice
- Runtime
- 1:16
- Date posted
- 8 years ago
- Description
- We asked the panelists present at the ECB Monetary Policy Conference: bridging science and practice, 29-30 October 2018, to explain their work in one minute.
- Title
- Gauti B. Eggertsson on One-Minute Insights: Bridging Monetary Policy Science and Practice
- Runtime
- 0:58
- Date posted
- 8 years ago
- Description
- We asked the panelists present at the ECB Monetary Policy Conference: bridging science and practice, 29-30 October 2018, to explain their work in one minute.
- Title
- Catherine Mann on One-Minute Insights: Bridging Monetary Policy Science and Practice
- Runtime
- 0:34
- Date posted
- 8 years ago
- Description
- We asked the panelists present at the ECB Monetary Policy Conference: bridging science and practice, 29-30 October 2018, to explain their work in one minute.
- Title
- Thomas King on One-Minute Insights: Bridging Monetary Policy Science and Practice
- Runtime
- 1:07
- Date posted
- 8 years ago
- Description
- We asked the panelists present at the ECB Monetary Policy Conference: bridging science and practice, 29-30 October 2018, to explain their work in one minute.
- Title
- Stephanie Schmitt Grohe on One-Minute Insights: Bridging Monetary Policy Science and Practice
- Runtime
- 0:30
- Date posted
- 8 years ago
- Description
- We asked the panelists present at the ECB Monetary Policy Conference: bridging science and practice, 29-30 October 2018, to explain their work in one minute.
- Title
- Ricardo Reis on One-Minute Insights: Bridging Monetary Policy Science and Practice
- Runtime
- 1:33
- Date posted
- 8 years ago
- Description
- We asked the panelists present at the ECB Monetary Policy Conference: bridging science and practice, 29-30 October 2018, to explain their work in one minute.
- Title
- Refet S. Guerkaynak on One-Minute Insights: Bridging Monetary Policy Science and Practice
- Runtime
- 1:17
- Date posted
- 8 years ago
- Description
- We asked the panelists present at the ECB Monetary Policy Conference: bridging science and practice, 29-30 October 2018, to explain their work in one minute.
- Title
- Jonathan Wright on One-Minute Insights: Bridging Monetary Policy Science and Practice
- Runtime
- 0:53
- Date posted
- 8 years ago
- Description
- We asked the panelists present at the ECB Monetary Policy Conference: bridging science and practice, 29-30 October 2018, to explain their work in one minute.
- Title
- Hyun Song Shin on One-Minute Insights: Bridging Monetary Policy Science and Practice
- Runtime
- 0:23
- Date posted
- 8 years ago
- Description
- We asked the panelists present at the ECB Monetary Policy Conference: bridging science and practice, 29-30 October 2018, to explain their work in one minute.
- Title
- Harald Uhlig on One-Minute Insights: Bridging Monetary Policy Science and Practice
- Runtime
- 1:01
- Date posted
- 8 years ago
- Description
- We asked the panelists present at the ECB Monetary Policy Conference: bridging science and practice, 29-30 October 2018, to explain their work in one minute.
- Title
- Gregory R. Duffee on One-Minute Insights: Bridging Monetary Policy Science and Practice
- Runtime
- 1:09
- Date posted
- 8 years ago
- Description
- We asked the panelists present at the ECB Monetary Policy Conference: bridging science and practice, 29-30 October 2018, to explain their work in one minute.
- Title
- Egon Zakrajsek on One-Minute Insights: Bridging Monetary Policy Science and Practice
- Runtime
- 0:47
- Date posted
- 8 years ago
- Description
- We asked the panelists present at the ECB Monetary Policy Conference: bridging science and practice, 29-30 October 2018, to explain their work in one minute.
- Title
- ECB Monetary Policy Conference 2018 - Policy Panel
- Runtime
- 1:27:02
- Date posted
- 8 years ago
- Description
- European Central Bank Conference on Monetary Policy: bridging science and practice, 29-30 October 2018
- Title
- ECB Press Conference - 25 October 2018
- Runtime
- 50:44
- Date posted
- 8 years ago
- Description
- Title
- Travelogue: ECB Executive Board member Benoît Cœuré visiting Vorwerk factory in Cloyes-sur-le-Loir
- Runtime
- 1:13
- Date posted
- 8 years ago
- Description
- Title
- Third ESRB annual conference: Session 3: Macroprudential policy in recovering economies
- Runtime
- 1:36:53
- Date posted
- 8 years ago
- Description
- Third ESRB annual conference - 27/28 September 2018
Session 3: Macroprudential policy in recovering economies
Major central banks have used unprecedented monetary policy measures in the aftermath of the global financial crisis. With monetary policy transmission mechanisms normalising and economies recovering, some of the major central banks have started to increase interest rates and have also announced scaling back of non-standard monetary policy operations. One important aspect in the design of a macroprudential policy is how it interacts with monetary policy, the current low interest rate environment and investors’ risk aversion. Panellists discussed how macroprudential policies can be used to contain potential related vulnerabilities and identify related challenges.
Chair:
Marco Pagano, Professor, University of Naples Federico II
Panellists:
Pierre-Richard Agénor, Professor, University of Manchester
Per Calles...
- Title
- Visit of German Federal President Steinmeier to the ECB - 26 Sep 2018
- Runtime
- 1:09
- Date posted
- 8 years ago
- Description
- German Federal President Frank-Walter Steinmeier underlines the importance of central bank independence during his visit to the ECB.
- Title
- Visit of German Federal President Steinmeier to the ECB - 26 Sep 2018
- Runtime
- 1:09
- Date posted
- 8 years ago
- Description
- Mario Draghi thanks German Federal President Frank-Walter Steinmeier for his visit to the ECB today and reflects on the success of the euro.
- Title
- Third ESRB annual conference: Winners of the ESRB Research Prize
- Runtime
- 30:20
- Date posted
- 8 years ago
- Description
- Third ESRB annual conference - 27/28 September 2018
Winners of the ESRB Research Prize in memory of Ieke van den Burg
The ESRB awards an annual prize to recognise outstanding research conducted by young scholars on topics related to the ESRB’s mission. The annual prize was established in 2014 in memory of Ieke van den Burg, who was a member of the ESRB ASC (2011-14) and of the European Parliament (1999-2009). In this session, the winner of the 2018 prize presented his research and the prize was formally awarded.
Chair:
Javier Suarez, Professor, CEMFI, Chair of the ESRB ASC
Speaker:
Kilian Huber, University of Chicago
- Title
- Third ESRB annual conference: Keynote speech: Artificial Intelligence and big data
- Runtime
- 25:55
- Date posted
- 8 years ago
- Description
- Third ESRB annual conference - 27/28 September 2018
Keynote speech: Artificial Intelligence and big data in finance and financial stability analysis
Speaker:
John Schindler, Associate Director, Board of Governors of the Federal Reserve System
John Schindler, Associate Director in the Financial Stability Division of the Federal Reserve Board, outlined in his keynote speech the financial stability implications of artificial intelligence and big data.
- Title
- Third ESRB annual conference: Session 2: Risks in the shadow banking system
- Runtime
- 1:30:28
- Date posted
- 8 years ago
- Description
- Third ESRB annual conference - 27/28 September 2018
Session 2: Identifying and assessing risks in the shadow banking system
The EU shadow banking system has grown significantly in recent years. This reinforces the need to develop a framework to monitor risks in this part of the financial sector. Such a risk monitoring framework is a key part of a broader macroprudential strategy. This session discussed potential financial stability risks and key elements which should be considered when monitoring risks and vulnerabilities in the shadow banking system.
Chair:
Richard Portes, Professor, London Business School
Speakers:
Rustom Irani , Professor, University of Illinois
Sujit Kapadia, Head of Division, European Central Bank
Catherine Lubochinsky, Professor, University Paris 2
- Title
- Third ESRB annual conference: Session 1: International perspectives on macroprudential policy
- Runtime
- 1:38:02
- Date posted
- 8 years ago
- Description
- Third ESRB annual conference - 27/28 September 2018
Session 1: International perspectives on macroprudential policy
Global financial integration entails many benefits, but it can also contribute to a build-up of systemic risk within the financial system due to the pro-cyclical nature of capital flows. Addressing the vulnerabilities of financial globalisation leads to new policy challenges for macroprudential authorities. In this session, speakers will present their views on potential risks related to international financial integration and the policy options available to mitigate these risks.
Chair:
Claudia Buch, Vice President, Deutsche Bundesbank
Speakers:
Philippe Bacchetta, Professor, HEC Lausanne
Şebnem Kalemli-Özcan, Professor, University of Maryland
Jeffrey Franks, Director, International Monetary Fund
- Title
- Third ESRB annual conference: Welcome address: Francesco Mazzaferro
- Runtime
- 13:28
- Date posted
- 8 years ago
- Description
- Third ESRB annual conference - 27/28 September 2018
Welcome address
Francesco Mazzaferro, Head of the ESRB Secretariat
Francesco Mazzaferro, Head of the ESRB Secretariat, opened the second day of the conference.
- Title
- Third ESRB annual conference: Keynote speech: Philip Lane
- Runtime
- 30:36
- Date posted
- 8 years ago
- Description
- Third ESRB annual conference - 27/28 September 2018
Keynote speech
Philip Lane, Governor, Central Bank of Ireland, Chair of the ESRB ATC
Philip Lane, Governor of the Central Bank of Ireland and Chair of the ESRB Advisory Technical Committee, gave a keynote speech to conference participants.
- Title
- Third ESRB annual conference: Policy panel discussion: Sustainable finance
- Runtime
- 1:21:16
- Date posted
- 8 years ago
- Description
- Third ESRB annual conference - 27/28 September 2018
Policy panel discussion: Sustainable finance
Climate change can pose a threat to financial stability due to the adverse impact of climate- and weather related events on the economy and the transition risks associated with reducing carbon emissions. Participants in this policy panel discussed their insights on climate-related financial risks and how they can be addressed by market participants and financial policymakers.
Chair:
Mark Carney, Governor of Bank of England
Panellists:
Stefan Ingves, Governor of Sveriges Riksbank
Dirk Schoenmaker, Professor, Erasmus University Rotterdam
Christian Thimann, CEO, Athora Germany
Francois Villeroy de Galhau, Governor of Banque de France
- Title
- Third ESRB annual conference: Welcome address: Mario Draghi
- Runtime
- 13:04
- Date posted
- 8 years ago
- Description
- Third ESRB annual conference - 27/28 September 2018
Welcome address
Mario Draghi, Chair of the ESRB
Mario Draghi, in his capacity of Chair of the European Systemic Risk Board, opened the conference and give a keynote address to conference participants.
- Title
- Third ECB Annual Research Conference: Session 5: Macroeconomic model with financial panics
- Runtime
- 1:01:40
- Date posted
- 8 years ago
- Description
- The ECB held its third Annual Research Conference on 25 and 26 September in Frankfurt, bringing together leading academics in the fields of monetary economics and finance.
Session 5: A macroeconomic model with financial panics
by Mark Gertler, New York University, Nobuhiro Kiyotaki, Princeton University, and Andrea Prestipino, Federal Reserve Board of Governors
Discussant: Veronica Guerrieri, University of Chicago
Chair: Frank Smets, European Central Bank
- Title
- Third ECB Annual Research Conference: Session 5: Deconstructing monetary policy surprises
- Runtime
- 57:00
- Date posted
- 8 years ago
- Description
- The ECB held its third Annual Research Conference on 25 and 26 September in Frankfurt, bringing together leading academics in the fields of monetary economics and finance.
Session 5: Deconstructing monetary policy surprises: The role of information shocks
by Peter Karadi, European Central Bank, and Marek Jarociński, European Central Bank
Discussant: Refet Gürkaynak, Bilkent University
Chair: Frank Smets, European Central Bank
- Title
- Third ECB Annual Research Conference: Session 4: Saving the heartland
- Runtime
- 1:03:13
- Date posted
- 8 years ago
- Description
- The ECB held its third Annual Research Conference on 25 and 26 September in Frankfurt, bringing together leading academics in the fields of monetary economics and finance.
Session 4: Saving the Heartland: Place-based policies in 21st century America
by Benjamin Austin, Harvard University, Edward Glaeser, Harvard University, and Lawrence Summers, Harvard University
Discussant: Diego Puga, CEMFI
Chair: João Sousa, European Central Bank
- Title
- Third ECB Annual Research Conference: Session 4: EU markets
- Runtime
- 1:03:12
- Date posted
- 8 years ago
- Description
- The ECB held its third Annual Research Conference on 25 and 26 September in Frankfurt, bringing together leading academics in the fields of monetary economics and finance.
Session 4: How EU markets became more competitive than US markets: A study of institutional drift
by Germán Gutiérrez, New York University, and Thomas Philippon, New York University
Discussant: Şebnem Kalemli-Özcan, University of Maryland
Chair: João Sousa, European Central Bank
- Title
- Third ECB Annual Research Conference: Session 3: Jean Monnet Lecture
- Runtime
- 46:19
- Date posted
- 8 years ago
- Description
- The ECB held its third Annual Research Conference on 25 and 26 September in Frankfurt, bringing together leading academics in the fields of monetary economics and finance.
Session 3: Jean Monnet Lecture: The real-world economics of globalisation
Dani Rodrik, Harvard University
Chair: Benoît Cœuré, member of the Executive Board, European Central Bank
- Title
- Third ECB Annual Research Conference: Session 2: The economics of the Fed put
- Runtime
- 1:02:29
- Date posted
- 8 years ago
- Description
- The ECB held its third Annual Research Conference on 25 and 26 September in Frankfurt, bringing together leading academics in the fields of monetary economics and finance.
Session 2: The economics of the Fed put
by Anna Cieślak, Duke University, and Annette Vissing-Jørgensen, University of California, Berkeley
Discussant: Emanuel Mönch, Deutsche Bundesbank
Chair: Massimo Rostagno, European Central Bank
- Title
- Third ECB Annual Research Conference: Session 2: Mortgage market design
- Runtime
- 55:12
- Date posted
- 8 years ago
- Description
- The ECB held its third Annual Research Conference on 25 and 26 September in Frankfurt, bringing together leading academics in the fields of monetary economics and finance.
Session 2: Mortgage market design: Lessons from the Great Recession
by Tomasz Piskorski, Columbia University, and Amit Seru, Stanford University
Discussant: Mariassunta Giannetti, Stockholm School of Economics
Chair: Massimo Rostagno, European Central Bank
- Title
- Third ECB Annual Research Conference: Session 1: Heterogeneity
- Runtime
- 57:21
- Date posted
- 8 years ago
- Description
- The ECB held its third Annual Research Conference on 25 and 26 September in Frankfurt, bringing together leading academics in the fields of monetary economics and finance.
Session 1: The origins of firm heterogeneity: A production network approach
by Andrew Bernard, Dartmouth College, Emmanuel Dhyne, Nationale Bank van België/Banque Nationale de Belgique, Glenn Magerman, Université Libre de Bruxelles, Kalina Manova, University College London, and Andreas Moxnes, University of Oslo
Discussant: Julian di Giovanni, ICREA, Universitat Pompeu Fabra
Chair: Luc Laeven, European Central Bank
- Title
- Third ECB Annual Research Conference: Session 1: Macro-finance trends
- Runtime
- 1:10:18
- Date posted
- 8 years ago
- Description
- The ECB held its third Annual Research Conference on 25 and 26 September in Frankfurt, bringing together leading academics in the fields of monetary economics and finance.
Session 1: Accounting for macro-finance trends: Market power, intangibles, and risk premia
by Emmanuel Farhi, Harvard University, and François Gourio, Federal Reserve Bank of Chicago
Discussant: Jaume Ventura, CREI, Universitat Pompeu Fabra
Chair: Luc Laeven, European Central Bank
- Title
- Third ECB Annual Research Conference: Session 1: Cyclical sensitivity
- Runtime
- 29:15
- Date posted
- 8 years ago
- Description
- The ECB held its third Annual Research Conference on 25 and 26 September in Frankfurt, bringing together leading academics in the fields of monetary economics and finance.
Session 1: The cyclical sensitivity in estimates of potential output
by Olivier Coibion, University of Texas, Austin, Yuriy Gorodnichenko, University of California, Berkeley, and Mauricio Ulate, University of California, Berkeley
Discussant: Michele Lenza, European Central Bank
Chair: Luc Laeven, European Central Bank
- Title
- Third ECB Annual Research Conference: Session 1: Cyclical sensitivity
- Runtime
- 26:26
- Date posted
- 8 years ago
- Description
- The ECB held its third Annual Research Conference on 25 and 26 September in Frankfurt, bringing together leading academics in the fields of monetary economics and finance.
Session 1: The cyclical sensitivity in estimates of potential output
by Olivier Coibion, University of Texas, Austin, Yuriy Gorodnichenko, University of California, Berkeley, and Mauricio Ulate, University of California, Berkeley
Discussant: Michele Lenza, European Central Bank
Chair: Luc Laeven, European Central Bank
- Title
- Third ECB Annual Research Conference - Welcoming remarks: Luc Laeven
- Runtime
- 8:02
- Date posted
- 8 years ago
- Description
- The ECB held its third Annual Research Conference on 25 and 26 September in Frankfurt, bringing together leading academics in the fields of monetary economics and finance.
Welcoming remarks
Luc Laeven, European Central Bank
- Title
- Unveiling of the New 100 and 200 Euro Banknotes
- Runtime
- 1:35
- Date posted
- 8 years ago
- Description
- Discover the new 100 and 200 Euro Banknotes and their features. The 100 and 200 are the final addition to the Europa Series of banknotes.
Discover the new banknotes in 3D view:
https://www.ecb.europa.eu/euro/banknotes/denominations/html/index.en.html
- Title
- Unveiling of €100 and €200 banknotes
- Runtime
- 20:38
- Date posted
- 8 years ago
- Description
- Executive Board member Yves Mersch unveiled the new €100 and €200 banknotes on Monday 17 September. The new banknotes complete the second series of euro banknotes – the Europa series – and will enter into circulation on 28 May 2019.
- Title
- 100 and 200 Europa Series Banknotes Unveiling Ceremony
- Runtime
- 20:32
- Date posted
- 8 years ago
- Description
- Executive Board member Yves Mersch unveiled the new €100 and €200 banknotes on Monday 17 September. The new banknotes complete the second series of euro banknotes – the Europa series – and will enter into circulation on 28 May 2019.
Discover the new banknotes in 3D view:
https://www.ecb.europa.eu/euro/banknotes/denominations/html/index.en.html
- Title
- Printing and Production of the Europa Series 100 and 200 Banknotes
- Runtime
- 3:38
- Date posted
- 8 years ago
- Description
- Watch the production and printing of the new 100 and 200 Euro Banknotes, the final additions to the Europa Series.
Discover the new banknotes in 3D view: https://www.ecb.europa.eu/euro/banknotes/denominations/html/index.en.html
- Title
- Europa Series: 200 Euro Banknote Security Features
- Runtime
- 4:54
- Date posted
- 8 years ago
- Description
- A review and description of the 200 Euro banknote security features.
Discover the new banknotes in 3D view:
https://www.ecb.europa.eu/euro/banknotes/denominations/html/index.en.html
- Title
- Europa Series: 100 Euro Banknote Security Features
- Runtime
- 4:54
- Date posted
- 8 years ago
- Description
- A review and description of the 100 Euro Banknote security features.
Discover the new banknotes in 3D view:
https://www.ecb.europa.eu/euro/banknotes/denominations/html/index.en.html
