National Bank of Ukraine to Host First Annual Research Conference on "Transformation of Central Banking" on 19-20 May 2016

The First Annual Research Conference of the National Bank of Ukraine on Transformation of Central Banking organized in cooperation with the Narodowy Bank Polski, with the assistance of the Government of Canada and the Kyiv School of Economics, will take place on 19-20 May 2016. The conference is expected to be attended by representatives of central banks from more than 15 countries. This conference will convene more than 200 participants, including representatives of international financial institutions, domestic and international academia, and the expert community.

The conference will address the following key issues: the institutional transformation of central banking, the interaction between monetary policy and financial stability, state-of-the-art technologies and their impact on the activities of central banks, and capital flow management in the context of financial globalization.

 NBU Governor Ms Valeria Gontareva pointed out that the conference would focus on innovative changes that have taken place over recent years in central banks. “The NBU has to be geared towards meeting future goals, keeping pace with the world's leading central banks and seeking to get to where these banks see themselves in 5-10 years’ time,” underlined Ms Gontareva. It is for this purpose, and to discuss recent trends in central banking and find the answer to the question of what the central bank of the future will look like, the NBU will hold its first research conference that will bring together representatives of leading central banks and internationally renowned research institutions.

The conference agenda includes three panel discussions, five research sessions, and speeches by Mr Marek Belka, the President of Narodowy Bank Polski, Mr Maurice Obstfeld, the Economic Counsellor and Director of Research at the International Monetary Fund, Mr Philipp Hildebrand, Vice Chairman of the BlackRock Investment Institute, and Ms Valeria Gonatreva, NBU Governor.

NBU Deputy Goveror Mr Dmytro Sologub underlined that the NBU cannot remain aloof from global trends. “The recent years have brought fundamental changes to central banking, which continues to undergo further changes. When it comes to monetary policy, the leading central banks are giving a serious thought to deploying innovative instruments to tackle deflationary pressures, such as negative interest rates, helicopter money, quantitative easing programs, foreign exchange interventions, and the imposition of ceilings for the exchange rate,” said Mr Sologub, commenting on concepts behind the conference.

The NBU intends to stream the conference online via the NBU’s website at: http://conference.bank.gov.ua.

Further information about the conference, its agenda, and the list of speakers is available on the NBU’s website at: http://conference.bank.gov.ua.

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