19/11/2012 - 20/11/2012
Where: Frankfurt, Germany
Topic: Economy, finance, tax and competition
Organiser: European Central Bank
Money markets have taken the centre stage in economic and policy debates since the start of the financial crisis in August 2007. As they represent the initial step in the monetary transmission mechanism, their proper functioning is a pre-condition for standard monetary policy measures to be effective. Confronted with seriously impaired money markets, central banks around the world have launched a series of non-standard monetary policy measures aimed – among other things – at ensuring that monetary policy impulses continued to be effectively transmitted.
The workshop organised by the ECB intends bringing together central bankers, practitioners and academics to discuss the current state of health of money markets, the impact on their functioning of the recently implemented non-standard measures and the possible side effects of large amounts of excess liquidity currently present in many developed economies.
Attendance of the workshop is by invitation only.