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THE CHANGING NATURE AND GEOGRAPHY OF GLOBAL FINANCE
Cusco, Peru
July 18-19, 2019
The world economy is no longer synchronized. Protectionism, the US-China trade war, Europe under Brexit, slowing global economy, declining trade, cross-sanctions, geopolitical risks, are all clearly a ready-made recipe for a potential crisis that the global economy can face in 2019. This process is being heated by the current normalization of monetary policy in developed countries. Global markets are entering a new era of volatility as the world adjusts to higher interest rates after a decade of ultra-loose monetary policy.
Rising uncertainty across the international political and economic landscape also continues to challenge the global financial stability. Particularly, how should central banks react to this environment and embrace the digital revolution?
AGENDA
PANELS
Opening Remarks

Julio VELARDE
Governor, Central Reserve Bank of Peru

Marc UZAN
Executive Director, Reinventing Bretton Woods Committee

Panel 1: Money, Debt, Deficit: Managing the Next Downturn

Julio VELARDE
CHAIR
Governor, Central Reserve Bank of Peru

Fabio NATALUCCI
Deputy Director, Monetary and Capital Markets, IMF

Pablo HERNÁNDEZ DE COS
Governor, Bank of Spain

Fernanda NECHIO
Deputy Governor, Central Bank of Brazil

Alejandro IZQUIERDO
Principal Technical Leader, Research Department, IDB

Panel 2: New Patterns of Global Imbalances

Guillermo ORTIZ
CHAIR
Partner and Board Member, BTG Pactual

Kazumasa IWATA
President, Japan Center for Economic Research

Barry EICHENGREEN
Professor of Economics, UC Berkeley

Gian MILESI-FERRETTI
Deputy Director, Research Department, IMF

Manoj PRADHAN
Founder, Talking Heads Macro

Panel 3: US Economic Policy and Emerging Markets Cycles and Their Future Growth Models

Luis OGANES
CHAIR
Managing Director, Head of Currencies, Commodities and Emerging Markets Research, J.P. Morgan

Moritz SCHULARICK
Professor of Economics, University of Bonn

Alexandre TOMBINI
Executive Director, IMF and Former Governor of the Central Bank of Brazil

Claude LOPEZ
Director of International Finance and Macroeconomics, Milken Institute

György SZAPÁRY
Chief Advisor to the Governor, Central Bank of Hungary

Panel 4: Dedollarisation of the Financial Systems: Lessons and Experience

Jose Dario URIBE
CHAIR
Chair, FLAR

Federico STURZENEGGER
Former Governor, Central Bank of Argentina

Liana CABALLERO
Member of the Board, Central Bank of Paraguay

Turalay KENC
Former Deputy Governor, Turkey

Adrián ARMAS
Chief Economist, Central Bank of Peru

Panel 5: Central Banking in a New Technological Era

Javier PÉREZ
CHAIR
Director of International Economics and Euro Area, Banco de España

José Manuel GONZÁLEZ PARAMO
Executive Board Member, BBVA

Roberto RIGOBON
Professor of Economics, MIT

Warwick MCKIBBIN
Professor of Economics, Australia National University

Eric SANTOR
Advisor to the Governor on
Digitalization, Bank of Canada

Jorge PONCE
Head of Economic Research Department, Central Bank of Uruguay

Panel 6: Implications for the Conduct and Design of Monetary Policies

Victoria NUGUER
CHAIR
Research Economist, IDB

Fiorella DE FIORE
Head of Monetary Policy, BIS

Manuel RAMOS FRANCIA
Director General, Centro de Estudios Monetarios Latinoamericanos

Andrés FERNÁNDEZ
Head of Research, Central Bank of Chile

José Antonio OCAMPO
Member of the Board, Central Bank of Colombia



