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SUERF BAFFI BOCCONI E-Lectures

In the face of an unexpected adversary: The crucial role for central banks

Jul 10, 2020 10:00 - 11:15 CET (UTC+01:00)

Date: Friday, 10 July 2020 − 10:00-11:15 CET

Speakers
Christian Upper, Head of Macroeconomic Analysis, Monetary and Economic Department, BIS and SUERF Council
Jon Frost, Senior Economist, Innovation and the Digital Economy unit, MED, BIS

Moderator
Dirk Schumacher, Managing Director, European Head of Macro Research, Natixis 

Webinar Slides (pdf)
Christian Upper presentation: “A global sudden stop triggers an unprecedented policy reaction”
Jon Frost presentation:  “Central banks and payments in the digital era”


Annual Economic Report 2020 - The BIS analyses central banks’ response to the Covid-19 pandemic, detailing how central banks introduced new policy tools, tailored to the specific nature of the stress, to stabilise the financial system and the economy.





Christian Upper heads the Macroeconomic Analysis section of the Monetary and Economic Department of the Bank for International Settlements. His responsibilities include overseeing the production of the background note for the BIS’s Global Economy meeting that brings together central bank governors from over 30 central banks from major advanced and emerging market economies. Before being appointed to his current position he headed the BIS’s Emerging Markets, Financial Market and Monetary Policy and Exchange Rate sections. Prior to coming to Basel, he spent seven years at the Deutsche Bundesbank. Christian holds a doctorate in economics from the European University Institute in Florence and a Master of Science in Economics from the University of Warwick. His research focuses on the interaction of financial markets and institutions and the macroeconomy. His work has been published in refereed academic journals as well as in policy publications.
   
Jon Frost is a Senior Economist in the Innovation and the Digital Economy unit of the Bank for International Settlements (BIS). In this role, he conducts policy-oriented research on fintech and digital innovation. He has published research on big tech in finance, macroprudential policy and inequality. Previously, Jon worked at the Financial Stability Board (FSB), the Dutch central bank (DNB), VU University in Amsterdam and in the private sector in Germany. Jon is a US citizen. He holds an MA degree in economics from the University of Munich, and a PhD in economics from the University of Groningen. He is a research affiliate of the Cambridge Centre for Alternative Finance at the University of Cambridge.
   
Dirk Schumacher is a Managing Director and Head of Natixis’ European macro research team. Prior to that, he worked at the European Central Bank in the business cycle analysis division. Before joining the ECB, Dirk Schumacher worked for 17 years at Goldman Sachs at Economic Research in Frankfurt and London.


With friendly support of the Intesa Sanpaolo Chair in Economics of Financial Regulation, Bocconi University.

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