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The emergency response to the COVID crisis has exacerbated many of the issues our economies have been facing since the global financial crisis. Governments are financing themselves through national debt issuance only seen in wartime. Central banks’ unconventional instruments have been massively scaled up and currency swaps of leading central banks have been rolled out.

The urgency - and innovativeness - with which these decisions had to be made has allowed policy to outpace theory. This gap in knowledge urgently needs to be bridged, so that informed decisions can be made on the issues facing central banking decisions and also those pertaining to the Global Financial Architecture. In this webinar, Professor Ricardo Reis, Professor Franklin Allen and LSE IGA Interim Director Piroska Nagy Mohacsi discuss innovative policy recommendations for the attention of national and G20 leaders.  

Panellists:

- Franklin Allen, Brevan Howard Centre, Imperial College London and CEPR
- Piroska Nagy Mohacsi, Institute of Global Affairs, School of Public Policy, LSE
- Ricardo Reis, LsE and CEPR

John Gordon is the Student Leader for this session. John is a masters student in Economics at LSE.

Full information about the event can be found here: https://www.lse.ac.uk/iga/events/2020-virtual/MAF/New-Rules-for-Finance-...

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This online seminar will argue that market discipline and risk sharing should be viewed as complementary pillars of the euro area financial architecture, rather than as substitutes. Achieving this complementarity, however, is not easy. It calls for stabilisation and insurance mechanisms that are both effective and cannot give rise to permanent transfers. And it requires a reformed institutional framework. 

Against this background, the seminar will present and discuss the recent Euro Area reform proposal formulated in a CEPR Policy Insight by a group of independent French and German economists with differing views and political sensitivities but a shared conviction that the current deadlock must be overcome.

Agnès Bénassy-Quéré, Markus K Brunnermeier, Henrik Enderlein, Emmanuel Farhi, Marcel Fratzscher, Clemens Fuest, Pierre-Olivier Gourinchas, Philippe Martin, Jean Pisani-Ferry, Hélène Rey, Isabel Schnabel, Nicolas Véron, Beatrice Weder di Mauro, Jeromin Zettelmeyer, 17 January 2018

The euro area continues to suffer from critical weaknesses that are the result of a poorly designed fiscal and financial architecture, but its members are divided on how to address the problems. This column proposes six reforms which, if delivered as a package, would improve the euro area’s financial stability, political cohesion, and potential for delivering prosperity to its citizens, all while addressing the priorities and concerns of participating countries.

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The Asian Development Bank Institute (ADBI), in cooperation with S. Rajaratnam School of International Studies, invites submissions of original, unpublished papers on any aspect of global and regional financial architecture and global shocks relating to, although not limited to, the following:

Analysis of regional vulnerabilities in Asia to global monetary and real shocks
Capital flow management in response to global shocks
Developments in national financial regulation and supervision
Global and regional financial regulation and supervision
Regional and national support for financial stability, development, and integration
Financial safety nets, crisis prevention, and crisis management

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