ESCB Challenges for Monetary Policy Transmission in a Changing World (ChAMP) Research Network
3rd Workshop of Workstream 1: Transmission through banks and non-banks
Friday, 21 June 2024
Banca d’Italia
Rome
Programme
* indicates the presenter
- 8:30
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Registration
- 8:45
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Thematic session on bank liquidity and monetary policy transmission
Chair: Diana Bonfim, Banco de Portugal
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Quantitative (Liquidity) Tightening
Carlo Altavilla*, Massimo Rostagno and Julian Schumacher, all ECB
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Excess Reserves and Monetary Policy Tightening
Daniel Fricke*, Stefan Greppmair and Karol Paludkiewicz, all Deutsche Bundesbank
-
Excess liquidity and the yield curve
Wolfgang Lemke and Andreea Vladu*, both ECB
- 10:15
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Coffee break
- 10:45
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Thematic session on bank liquidity and monetary policy transmission
Chair: Stefano Neri, Banca d'Italia
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Central bank liquidity shocks
- Martina Jasova, Barnard College
- Caterina Mendicino*, ECB
- Ivan Petrella, Warwick BS
- Federico Puglisi, Banca d'Italia
- Dominik Supera, Columbia Business School
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The Monetary Policy Implications of Repo Markets
- Tobias Linzert, ECB
- Benoit Nguyen*, ECB
- Loriana Pelizzon, Goethe University
- Andrea Poinelli, ECB
- Davide Tomio, University of Virginia
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The impact of monetary policy normalisation on secured money markets
Alicia Aguilar* and Claudio Vela, both Banco de España
- 12:15
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Break
- 12:30
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Common project updates: Not so large NCBs project (CBs of Latvia, Malta, Lithuania)
- 13:00
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Lunch break
- 14:00
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Session on monetary policy transmission
Chair: Konstantins Benkovskis, Bank of Latvia
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As Interest Rates Surge from funding to lending
Giuseppe Cappelletti, David Marques-Ibanez*, Alessio Reghezza Carmelo Salleo, all ECB
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The Effects of Bank Deposit Outflows on Banks and Firms
Lorenzo Burlon, Alessandro Ferrari*, Stephen Kho, Nikoleta Tushteva, all ECB -
Monetary policy transmission in the euro area: is this time different? Chapter I: lags and strength
Andrejs Zlobins*, Latvijas Banka
- 15:30
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Coffee break
- 15:45
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Miscellaneous
Chair: Margherita Bottero, Banca d'Italia
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The United States and the Euro Area are more similar than you think: evidence from corporate bond markets
- Livia Chiţu*, ECB
- Sofia Gori, ECB
- Refet S. Gürkaynak, Bilkent University
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Reallocation effects in credit markets
Stefano Pietrosanti* and Edoardo Rainone, both Banca d'Italia
- 16:45
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Closing remarks
Diana Bonfim, Banco de Portugal, and Margherita Bottero, Banca d'Italia
This programme may be subject to change without notice.
This meeting will not be recorded.
General information
Banca d’Italia
Via Nazionale 91
Rome
English
Participants are requested to arrange their own transfers, unless indicated otherwise.
- Diana Bonfim, European Central Bank and Banco de Portugal
- Margherita Bottero, Banca d’Italia
- Philipp Hartmann, ChaMP Chairman and European Central Bank
- Melina Papoutsi, European Central Bank
Margherita Bottero, Banca d’Italia
Alessandro Modica, Banca d’Italia
Melina Papoutsi, European Central Bank