The Risk Management Approach of the Federal Reserve System - A Model for the European Central Bank?

The Risk Management Approach of the Federal Reserve System  - A Model for the European Central Bank?

Is the US a model to copy?  This question will be at the core of the policy research seminar, when looking at whether or  not Greenspan's accounting for uncertainty in monetary policy, as conducted by the Federal Reserve System in 2003 and 2004, can be used as a model for the European Central Bank.

presented by

Magdalena Malinowska

PhD Candidate, University of Cologne (Germany)

While it first appeared that Europe would not imitate the US in fighting the current liquidity shortages in capital markets, a growing number of European governments have now set side money to rescue distressed banks and guarantee private deposit accounts. Is the US a model to imitate? The question will be at the core of this policy research seminar, looking whether or not Greenspan’s accounting for uncertainty in monetary policy, as conducted by the Federal Reserve System in 2003 and 2004, can be used as a model for the European Central Bank.