Collateral Frameworks: The Open Secret of Central Banks

Datum:22.06.2017 18:00 - 22.06.2017 19:45
Veranstalter:swiss finance institute
Adresse:Zunfthaus zur Schmiden, Marktgasse 20
Ort:Zurich
Anmeldung:Zur Anmeldung
Kosten:free of charge

Money matters. It facilitates economic activity and, as observed by Walter Bagehot in 1873, "money is economic power".

The money at the core of modern economies is central bank money. Central banks inject money into the economy, via banks acting as intermediaries, against collateral. Thus, if money is power and money is issued against collateral, it stands to reason that it is important to understand the nature of that collateral and the terms of the exchange. Yet remarkably little is known about this and the matter is largely shrouded in opacity. Swiss Finance Institute Professor Kjell G. Nyborg unpacks this “open secret” of central banking in his new book Collateral Frameworks: The Open Secret of Central Banks and discusses its implications for the financial system, the economy, and society.

We invite you to join us and to learn more about this open secret of central banking in an event featuring Mickael Benhaim, Pictet Asset Management; Dr. Andréa M. Maechler, Swiss National Bank; and Prof. Nyborg himself, Swiss Finance Institute & University of Zurich. The panel participants will share their views on this topic and discuss the possible consequences for society and for Switzerland. The panel will be moderated by Maren Peters, Economics Editor SRF Radio.


Program

18:00-18:05 Welcome Address, Prof. François Degeorge, Swiss Finance Institute

18:05-18:20 Book Presentation, Prof. Kjell G. Nyborg, Swiss Finance Institute & University of Zurich

18:20-19:15 Panel Discussion “Practice and impact of central banks' collateral policies” 

  • Mickael Benhaim, Pictet Asset Management
  • Dr. Andréa M. Maechler, Swiss National Bank
  • Prof. Kjell G. Nyborg, Swiss Finance Institute & University of Zurich

19:15-19:45 Aperitif, kindly offered by SFI Alumni Association, SFIAA


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Umfrage

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Collateral Frameworks: The Open Secret of Central Banks

Datum:22.06.2017 18:00 - 22.06.2017 19:45
Veranstalter:swiss finance institute
Adresse:Zunfthaus zur Schmiden, Marktgasse 20
Ort:Zurich
Anmeldung:Zur Anmeldung
Kosten:free of charge

Money matters. It facilitates economic activity and, as observed by Walter Bagehot in 1873, "money is economic power".

The money at the core of modern economies is central bank money. Central banks inject money into the economy, via banks acting as intermediaries, against collateral. Thus, if money is power and money is issued against collateral, it stands to reason that it is important to understand the nature of that collateral and the terms of the exchange. Yet remarkably little is known about this and the matter is largely shrouded in opacity. Swiss Finance Institute Professor Kjell G. Nyborg unpacks this “open secret” of central banking in his new book Collateral Frameworks: The Open Secret of Central Banks and discusses its implications for the financial system, the economy, and society.

We invite you to join us and to learn more about this open secret of central banking in an event featuring Mickael Benhaim, Pictet Asset Management; Dr. Andréa M. Maechler, Swiss National Bank; and Prof. Nyborg himself, Swiss Finance Institute & University of Zurich. The panel participants will share their views on this topic and discuss the possible consequences for society and for Switzerland. The panel will be moderated by Maren Peters, Economics Editor SRF Radio.


Program

18:00-18:05 Welcome Address, Prof. François Degeorge, Swiss Finance Institute

18:05-18:20 Book Presentation, Prof. Kjell G. Nyborg, Swiss Finance Institute & University of Zurich

18:20-19:15 Panel Discussion “Practice and impact of central banks' collateral policies” 

  • Mickael Benhaim, Pictet Asset Management
  • Dr. Andréa M. Maechler, Swiss National Bank
  • Prof. Kjell G. Nyborg, Swiss Finance Institute & University of Zurich

19:15-19:45 Aperitif, kindly offered by SFI Alumni Association, SFIAA


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