Events

The Events of the Department of Macroeconomics.
23 May 2018

Event 2nd DIW Lecture on Money and Finance on SBBS – De-risking Europe’s Financial Markets

Europe’s sovereign debt crisis has proven particularly pernicious. A key reason for that was the strong link between banks and states. Banks’ fate was inextricably mingled with their respective sovereign, what was alluded to as the doom-loop. From a euro area perspective, banks were under-diversified, exposed to too much concentration risk. One interesting answer to this issue could be the creation of a – synthetic – European, i.e. non-national, safe asset – without risk-sharing. Sovereign bond backed securities (SBBS), designed to provide diversification and thus de-risking benefits, could perform a stabilizing role. In the fall of 2016, under the chairmanship of Philip R. Lane, Governor of the Central Bank of Ireland, the European Systemic Risk Board launched a comprehensive study to assess the feasibility as well as cost and benefits of such an approach. 

To register, please confirm your participation by Monday, 21 May 2018 at the email: events@diw.de. 

Speaker
  • Philip R. Lane, Governor, Central Bank of Ireland

  • Time
    12.00 to 1.30 p.m.
    Location
    Elinor Ostrom Hall Room 1.2.019 Mohrenstr. 58 10117 Berlin
    Contact(s)
    at DIW Berlin
    Tel.: +49 30 89789 162
    Tel.: +49 30 89789 181
    23 May 2018

    DIW Seminar on Macroeconomics and Financial Markets Employment, Wages and Optimal Monetary Policy

    More Information
    Speaker
  • Martin Bodenstein, FED

  • Time
    12:00-13:15
    Location
    Joan Robinson Room DIW Berlin Room 3.3.002a Mohrenstraße 58 10117 Berlin
    Contact(s)
    at DIW Berlin
    Tel.: +49 30 89789 486
    Tel.: +49 30 89789 409