Today, at Goethe University, from the Institute for Monetary and Financial Stability:
Program
| 09:30 – 09:45 | Welcome Volker Wieland, Institute for Monetary and Financial Stability (Speech) |
| 09:45 – 10:15 | President’s Address Christine Lagarde, European Central Bank (Speech) |
| 10:15 – 11:45 | Debate 1: Monetary Policy Amidst Trade Shock, Rising Debt and Diverse Drivers of Inflation
Chair: Speakers: Lead Questions: |
| 13:00 – 14:30 | Debate 2: The Global Environment for Central Banking: Economic Spillovers, Geopolitics and Diverging Economic Trends
Chair: Speakers: Lead Questions: |
| 14:45 – 16:15 | Debate 3: European Integration and Growth Strategy: Product, Labor & Financial Markets and New Technologies
Chair: Speakers: Lead Questions: |
| 16:15 | Closing Remarks |
“My presentation here.”
Lede buried. Worth a look.
You have a slide representing reserve holdings, which reflects public sector behavior, though not all aspects of public sector behavior. I realize that reserve holdings are updated more often than private sector fx transactions and the currency element of trade transactions. However, private activity is considerably larger, especially as a flow. Probably needs attention, too.
If Iran’s oil tolls and oil sales (not entirely a private sector matter, I realize) were to be mostly denominated in yuan, that might move the needle on fx flows. Every move of the needle makes the next move easier, assuming nobody messes up the institutional structure.