BSP, US org hosts research conference

Published September 26, 2021, 10:00 PM

by Lee C. Chipongian

The Bangko Sentral ng Pilipinas (BSP) and an American foundation, Reinventing Bretton Woods Committee (RBWC), are co-hosting an international research conference next week to discuss the impact of the COVID-19 pandemic on central banking.

BSP and US-based organization RBWC to host virtual conference on Sept. 27 to 29

The virtual research conference, to be held on Monday until Wednesday, Sept. 27 to 29, with the theme, “Shifting Gears, Changing Lanes: Central Banking in a Post-Covid Economic World” is a collaboration among central banks, said BSP Governor Benjamin E. Diokno, who will deliver the opening remarks during the event.

Diokno said these conferences “alows us to dig deeper on topics such as the impact of COVID-19 on central banking functions.”

The BSP described the virtual conference as high-level that will cover central banking and how to endure the effects of the pandemic on the financial system. It will also tackle issues such as new monetary policy for emerging markets, forecasting future crises, payment innovations, financial inclusion and financial stability risks, said the BSP.

Other issues such as monetary sovereignty, digitalization of money, climate change risk on financial stability, and the global economy post-COVID will also be discussed during the conference.

The BSP said central banks in Asia, Europe and the US will participate in the virtual conference to hear speakers talk on the various topics such as former US treasury secretary Lawrence H. Summers and Federal Reserve Bank of St. Louis president James Bullard.

RBWC is a US-based non-profit organization created in 1983 to encourage open and cross-national dialogue among central bankers. It aims to promote a stable global financial landscape and at the time of its establishment in the 1980s up to now, to campaign for the advocacies and programs of the International Monetary Fund, the World Bank and other major multinational organizations.