Past Event

Policy Challenges for Emerging Market Central Banks in the COVID-19 Era

October 13, 2020
8:00 AM - 9:00 AM
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Panelists include:

Ilan Goldfajn-Chair, Credit Suisse Brazil, Former Governor, Banco Central do Brasil

Urjit Patel-Former Governor, Reserve Bank of India

Andres Velasco-Dean, School of Public Policy, London School of Economics and Political Science, Former Finance Minister, Chile

Panelists will discuss the unique challenges for emerging economy central banks during the pandemic:

* Addressing both the negative real economy shock of COVID-19 and the large spillovers from aggressive policy actions of the advanced economies.
* Fiscal role of central banks. Is it time to relax constraints on EM central banks' asset purchases, particularly of government bonds?
* Inflation in many Emerging Markets is low despite massive monetary policy stimulus. What does this mean for the future of inflation targeting and expansionary monetary policy?
* More “unconventional policies”?central banks. Is it time to relax constraints on central banks' purchases of government bonds?

Patricia Mosser, Director, Central Banking and Financial Policy, Columbia SIPA

Guillermo Calvo, Professor of International and Public Affairs, Columbia SIPA

This event is cosponsored by the Initiative on Central Banking and Financial Policy and the Center on Global Economic Governance at Columbia SIPA.  

Contact Information

Center on Global Economic Governance