ECB Monetary [email protected] and Banking Union Reforms
Date: 18 March 2020
Venue: EUI, Department of Economics – Villa La Fonte
The 20th anniversary of Economic and Monetary Union (EMU) offers an opportunity to look back on the ECB’s record in these two decades that have radically changed the conduct of monetary policy, broadening the scope of its original mandate of price stability, becoming an anchor for the financial stability of the euro area. But for the latter, the completion of the Banking Union is also important and, therefore, it is also a good moment to reflect on its shorter history and its way forward.
In the first part, Massimo Rostagno (Director General at the Directorate General for Monetary Policy at the ECB) will evaluate the way the ECB has defined, interpreted and applied its monetary policy mandate – its strategy – from its inception, the years of the financial and euro crises, to these last years of recovery and new challenges.
In the second part, Luís Garicano (Professor at IE Business School and Member of the European Parliament) will provide an assessment of the current situation of the Banking Union and put forward two proposals to take it to its completion.
Both presentations will be followed by comments and discussion led by experts including José Luís Peydro (Imperial College London, Universitat Pompeu Fabra, CREI and Barcelona GSE), Elena Carletti (Bocconi University and Florence School of Banking and Finance), Ramon Marimon (Pierre Werner Chair, EUI), Jean Pisani-Ferry (Tommaso Padoa Schioppa Chair, EUI) and PhD researchers and post-doctoral fellows of the Department of Economics and the Max Weber Programme of the European University Institute.
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