CCB Institutional Alignment Project Event Series: Central Bank Independence
Date: Wednesday, December 14, 2022
Virtual Event
Complimentary video replay is available.
Event Detail
CCB Institutional Alignment Project Event Series: Central Bank Independence
In response to the high inflation of the 1970s, giving central banks operational independence to pursue a mandate of price stability was widely embraced as a means of restoring price stability. Up until the Great Financial Crisis, this approach seemed successful. Since then, experience has challenged that model in a number of ways.
What are defining characteristics of an independent central bank? What is the appropriate scope of activities for an independent central bank? Join the Global Interdependence Center’s College of Central Bankers for a webinar to explore these questions with College of Central Bankers Fellows, Patrick Honohan, Former Governor of Central Bank of Ireland, Athanasios Orphanides, Ph.D., Former Governor of the Central Bank of Cyprus, José M. González-Páramo, Former Member of the Executive Board of the European Central Bank, and Charles Plosser, Former President & CEO of the Federal Reserve Bank of Philadelphia, as a part of our College of Central Bankers Institutional Alignment Project. This webinar will be moderated by College of Central Bankers Advisory Board Member, Herb Taylor, Ph.D., Secretary of the Federal Advisory Council.
About the Institutional Alignment Project: The College of Central Bankers is actively conducting a multiyear global discussion centered around the overarching question of whether national and international policymaking institutions are sufficiently equipped to address the impacts of high debt levels, digital currencies, unsupervised algorithmic trading, inequality, climate change, and changing demographics. This Project addresses whether long-standing international accords need to be modified and/or whether new global agreements are necessary. Working collaboratively, the CCB and its community is bringing this discussion and other activities to the global stage, beginning with a series of virtual events.
About the College of Central Bankers: The Global Interdependence Center’s College of Central Bankers provides a platform for former leaders of the world’s central banks and similar institutions to share their unique combination of hands on experience and continued thought leadership on important global issues facing economies and effecting the quality of life. We invite you to please click here for more information on the College and its Fellows. The College and its membership operates within the GIC umbrella and with GIC’s administrative support.
Event Location
Speakers
José M. González-Páramo
Executive Board member, BBVAJosé M. González-Páramo holds a Ph.D., M.Phil. and M.A. in Economics from Columbia University, New York, and a Ph.D. from the Complutense University of Madrid. In 1988 he joined the Complutense University of Madrid as a professor of Economics.
Patrick Honohan, Ph.D.
Former Governor of the Central Bank of IrelandPatrick Honohan was Governor of the Central Bank of Ireland and a member of the Governing Council of the European Central Bank from September 2009 to November 2015. He is an honorary professor of economics at Trinity College Dublin and a nonresident senior fellow at the Peterson Institute for International Economics.
Lisa McIntire Shaw
Founding Partner of Cygnus Asset Management, LLCLisa McIntire Shaw is a founding partner of Cygnus Asset Management, LLC based in Charlotte, NC. She has more than 30 years of experience in the financial arena. Her areas of special interest include international markets; charitable trusts; strategic wealth preservation; and domestic, corporate, government and municipal bonds.
Athanasios Orphanides, Ph.D.
Professor of the Practice of Global Economics and Management at the MIT Sloan School of ManagementAthanasios Orphanides is a Professor of the Practice of Global Economics and Management at the MIT Sloan School of Management. He is also an Honorary Advisor to the Bank of Japan’s Institute for Monetary and Economic Studies, a member of the Shadow Open Market Committee, a Research Fellow at the Centre for Economic Policy Research, a Senior Fellow at the Center for Financial Studies, and a Research Fellow at the Institute for Monetary and Financial Stability.
Charles I. Plosser, Ph.D.
Board Member, FINRA and Former President and CEO, Federal Reserve Bank of PhiladelphiaDr. Charles Plosser was president and chief executive officer of the Federal Reserve Bank of Philadelphia. In this role, he participated on the Federal Reserve System's Federal Open Market Committee, which is responsible for conducting our nation's monetary policy. He currently serves on the FINRA Board of Governors.
Herbert Taylor, Ph.D.
Secretary to the Federal Advisory CouncilHerb Taylor is secretary to the Federal Advisory Council, a group of leading bankers from each of the twelve Federal Reserve Districts that meets regularly with the Board of Governors of the Federal Reserve System to consult and advise on matters under the Board's jurisdiction.
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