European Central Banking Network
The Bank of Slovenia in cooperation with CEPR established the European Central Banking Network (ECBN) in 2015. ECBN is an initiative launched to foster cooperation among researchers of participating central banks, academics and policy-makers on major topics relevant for central banks in Europe and even wider in a given year.
The main objective is to examine national experiences by comparing both the contents of national policy-designs as well as methodological approaches employed in analysing them.
The main activities include two research events per year: a spring workshop hosted by one of the participating central banks and an autumn research conference traditionally organised by the Bank of Slovenia. By introducing the theme of the year through presentations of leading academics and financial institutions researchers, the workshop sets the ground for the conference, where researchers from participating central banks papers present their recent work on the selected topic. In 2016-17, these events are accompanied by specialised training activities organised by Florence School of Banking and Finance specifically for the network.
2015 - “The Allocation of Credit Before and After the Great Recession: Implications for the Real Economy”
The first research conference of the Network, hosted by the Bank of Slovenia on 1 and 2 October 2015 in Ljubljana, centred around the theme “The Allocation of Credit Before and After the Great Recession: Implications for the Real Economy”. The conference was the first step in providing the forum for learning about the diverse experiences of countries, identifying the similarities and differences, and drawing lessons for policy formulation. It brought together a group of researchers from 19 European central banks, senior officials of other international financial institutions and leading academics.The proceedings appear as an e-book in a dedicated CEPR series.
2016 - “Macroprudential Instruments and Financial Cycles”
The topic for 2016 was “Macroprudential Instruments and Financial Cycles” and the Network expanded its activities by organizing two events: a workshop and a conference.
The first workshop was organized by the Central Bank of the Republic of Turkey on 21 and 22 March 2016 in Istanbul.
The Bank of Slovenia hosted the second research conference of the ECBN on 29 and 30 September 2016. The conference brought together a group of researchers from 25 European central banks, senior officials of other international financial institutions and leading academics. The proceedings appear on this webpage.
2017 - "Evaluating the Effectiveness of Macroprudential Policies”
The topic of this year's conference is "Evaluating the Effectiveness of Macroprudential Policies”. The ECBN expanded its activities this year by adding another event – a specialized training specifically for the network.
The successful workshop, organized by the Central Bank of Ireland in Dublin in February 2017, covered various aspects related to macro-prudential policies, in particular: the international evidence on the use and effects of macroprudential policies and the potential of different classes of models (VAR and general equilibrium models) to capture macro-prudential policy impact on GDP and on specific markets (such as housing) and its interaction with monetary and fiscal policies.
The Florence School of Banking and Finance (FBF) offered a course on the empirical methods to evaluate financial regulation and a course on the main implementation challenges that can significantly undermine macroprudential policy effectiveness.
The Bank of Slovenia is organizing the 3rd European Central Banking Network (ECBN) Policy Research Conference to be held in Ljubljana, Slovenia, 14 - 15 September 2017. Researchers from 18 central banks will present 21 papers and additional five central banks will participate as observers. The programme can be found here.
The Director of this CEPR Network is Fabrizio Coricelli (Professor of Economics and CEPR). CEPR’s role in the Network will be to help publicise the conferences, manage a Conference Website and to produce a new annual ePublication series based on the conference papers.