09:00 - 17:30
Banks and central banks play a central role in the sound functioning of modern monetary economies. The 2008-09 Global Financial Crisis has shown again how important it is to understand their functioning and operations, and to analyse how changes in the quantity of money affects the overall economy. The tightening of bank regulation in the midst of the crisis resulted in a contractionary effect on banks’ balance sheets and thus on the quantity of money. Too high money growth in 2007 was followed by a complete halt to money growth in late 2008 and 2009, causing the Great Recession. Central banks in the leading economies had to embark in extraordinary operations to boost the quantity of money (so-called ‘quantitative easing’), trying to offset the contractionary effects of tightening international bank regulation after 2008.
Please note that admission to the conference is strictly by invitation only. If you would like to be invited, contact Gail Grimston at [email protected].
Attached is a fully detailed programme of the conference.