Banco Central de ChileConferences
12th Annual Conference of the Central Bank of Chile
Financial Stability, Monetary Policy and Central Banking
Santiago, Chile, Thursday 6 and Friday 7, November 2008
Since Bretton Woods, central banking around the world has been subject to major transformations, mostly led by monetary issues and financial developments. Not only have they heightened the relevance of monetary policy, but they have increasingly revealed the important policy function central banks also perform in the stability of the financial system. As a result, it has emerged as a fast-growing field of research, knowledge and discussion on financial stability issues, closely related but distinct from monetary policy, supervision and regulation. Despite the importance of financial stability analysis and policymaking, there are varying degrees of consensus on how to characterize a good framework of financial stability policy, on the definition of an operational objective for the financial stability policy, on how to measure, assess, achieve and safeguard it, and its complementarities and tradeoffs with monetary policy.
This conference seeks to contribute to the study and analysis of these topics, and the recommendations that can be obtained to improve financial stability policymaking and systemic macrofinancial risk management.
Venue: Grand Hyatt Hotel, Santiago, Chile
Language: All sessions will be conducted in English, with exception of the Opening Remarks