Seminar on Safe Assets, Sovereign Debt and Financial Stability

Seminar on Safe Assets, Sovereign Debt and Financial Stability
hosted by the Research Institute of the Finnish Economy and Bank of Finland

By invitation only

The event is open to pre-registered journalists. Journalists can registrate via the registration form by 18 January.

Programme

Session 1
Chair: Erkki Liikanen, Governor, Bank of Finland

9.00 Opening
Vesa Vihriälä, Managing director, The Research Institute of the Finnish Economy

9:10 Safe Assets in the Euro Area
Philip R. Lane, Governor, Central Bank of Ireland
Download presentation (PDF)

9:50 Restructuring sovereign debt – why and how to do it without endangering financial stability
Jeromin Zettelmeyer, Senior Fellow, Peterson Institute of International Economics
Download presentation (PDF)

10:30 Coffee break

Session 2
Chair: Olli Rehn, Member of the Board, Bank of Finland

11:00 The economic and political preconditions for instituting debt restructuring and positive risk weights on sovereign debt
Sylvie Goulard, Former member of the Committee for Economic and Monetary Affairs at
the European Parliament

11.40 The tension between safe assets and systemic risk
Bengt Holmström, Paul A. Samuelson Professor of Economics, MIT, Nobel laureate in Economics 2016

12:10 General discussion

12:40 Concluding remarks
Erkki Liikanen, Governor, Bank of Finland

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