Fourth Annual NBP-SNB Seminar "Financial Systems and Monetary Policy"

The fourth conference organized jointly by the National Bank of Poland and the Swiss National Bank was held on May 31-June 1 at the Study Center Gerzensee. The main goal of the conference was to bring academics and central bankers together to discuss theoretical and practical aspects of financial systems and monetary policy including some case studies from transition countries.  Sessions were devoted to the issues of financial systems and the real economy, financial sector development, financial systems and monetary policy, exchange rates, and interest rates.  

Programme (May 31-June 1, 2007)
PDF (84 kB)
Katrin Assenmacher-Wesche: The Term Structure of Interest Rates across Frequencies
PDF (653 kB)
Philippe Bacchetta: Exchange Rate Forecasting, Order Flow and Macroeconomic Information
PDF (421 kB)
Martin Brown: Information Sharing and Credit: Firm-Level Evidence from Transition Countries
PDF (157 kB)
Michal Brzoza-Brzezina: Mr. Wicksell and the global economy: What drives real interest rates?
PDF (262 kB)
Xavier Freixas: The Role of Interbank Markets in Monetary Policy: A Model
PDF (338 kB)
Petra Gerlach: Three Aspects of the Swiss Term Structure: An Empirical Survey
PDF (378 kB)
Jean Imbs: Finance and Efficiency: Do Bank Branching Regulations Matter?
PDF (837 kB)
Sylvia Kaufmann: Financial Systems and the Cost Channel Transmission of Monetary Policy Shocks
PDF (193 kB)
Adam Kot: Impact of globalisation? Changes in the MTM in Poland
PDF (240 kB)
List of participants
List of participants
PDF (37 kB)
Organizing committee
Werner Hermann (SNB)
Pawel Samecki (NBP)
Pinar Yesin (SNB)
Conference secretary
Susanna Bosshard (SNB)