European Central Banking Network

Friday, February 16, 2018



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. 

  • 2018 - "Cross-Border Aspects of Macroprudential Policies"

The National Bank of Belgium has the pleasure of inviting you to the workshop on cross-border aspects of macroprudential policy, on 23 March 2018 in Brussels. The workshop is organized as part of the activities of the European Central Banking Network (ECBN) in collaboration with the Centre for Economic Policy research (CEPR) and addresses some of the cross-border challenges faced by macroprudential policy. Giving due consideration to the cross-border aspects of systemic risk and macroprudential policy is indeed crucial for ensuring effectiveness and efficiency of instruments dealing with systemic risk. This is of particular relevance in the European integrated market where consistency and coordination of macroprudential policy is important. See here for the preliminary programme of the workshop, including the presentation and discussion of eight relevant papers.

The workshop is being organized with the purpose to define the methodological framework for the ECBN conference on the chosen topic, which will be organized by the Bank of Slovenia in October in Ljubljana and where the actual country specific output on the topic will be presented.

The workshop will be held at the premises of the National Bank of Belgium in Brussels. We invite you to register at your earliest convenience (before February 28) for this workshop by completing the registration form and sending it back to We enclose a document with some practical information about transfers from and to the airport, hotel accommodation options near the NBB and maps. We encourage you to book your hotel rooms quickly as other major events (including a European summit and a medical congress) will take place on the same day in Brussels.

  • 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.

  • 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.

  • 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.

The Director of this CEPR Network is Fabrizio Coricelli (Professor, Paris School 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.