Changing Politics of Central Banks

Feb 22, 2013 11:45am

Changing Politics of Central Banks

New York, USA (February 22, 2013)

Meridian 180 hosted two online multilingual and interdisciplinary forums on central banks during February 2013, which covered a wide range of issues such as mobile money in Kenya, debt-financed consumption in the United States, Abenomics in Japan, Islamic Finance, liquidity spirals in Europe, and shadow banking in Europe and China. These online deliberations led to “The Changing Politics of Central Banks” symposium, which Meridian 180 co-hosted with the Cornell Law School’s International Law Journal.

Daniel K. Tarullo, member of the Board of Governors of the Federal Reserve System and teh Fed's point person on financial regulation gave the keynote address. Governor Tarullo called for central banks to consider financial stability when making monetary policy; saying this is necessary for both crisis response and crisis prevention. Speaking to a room of Cornell Law scholars, practitioners and journalists, he said, "We need to consider carefully the view that central banks should assess the effect of monetary policy on financial stability, and, in some instances, adjust their policy decisions to take account of these effects." Meridian 180 members presented papers and participated in roundtable discussions the following day.

Keynote Address:

International Cooperation in Central Banking
Daniel K. Tarullo

Articles

Communicative Imperitives in Central Banks
Douglas R. Holmes

Managing Regulatory Arbitrage: A Conflict of Laws Approach
Annelise Riles

-----
*The conference website is http://www.lawschool.cornell.edu/spotlights/The-Changing-Politics-of-Central-Banks.cfm