ECB Conference on Money Markets 2025
The European Central Bank (ECB) serves as the central bank for the EU countries that have adopted the euro. Its primary mission is to maintain price stability across the euro area and protect the purchasing power of the currency.
Key Participants
- Imène Rahmouni-Rousseau, Director General Market Operations, European Central Bank
- Isabel Schnabel, Member of the Executive Board, European Central Bank
- Jeremy Stein, Moise Y. Safra Professor of Economics, Harvard University
- Anne Marie McKiernan, Director of Financial Operations, Central Bank of Ireland (Chair)
- Olivier Darmouni, HEC Paris (Discussant)
- Makoto Minegishi, Director General Financial Markets Department, Bank of Japan (Chair)
- Can Gao, St. Gallen University (Discussant)
- Jennie Bai, Georgetown University (Discussant)
- Luc Laeven, Director General Research, European Central Bank (Chair)
Research Focus
The conference included presentations on key market dynamics such as supply effects and repo rates specifically in the Bund market. This research was conducted by a collaboration of experts from the European Central Bank, Deutsche Finanzagentur, and Deutsche Bundesbank:
- Miguel Ampudia (European Central Bank)
- Pedro Miguel Formoso da Silva (European Central Bank)
- Simon Hesse (Deutsche Finanzagentur)
- Alexander Pütz (Deutsche Finanzagentur)
- Franziska Schobert (Deutsche Bundesbank)
- Julian Von Landesberger (European Central Bank)
- Alexander Wohlert (Deutsche Finanzagentur)
The ECB's essential task is "to maintain price stability in the euro area and so preserve the purchasing power of the single currency."
Presentations were chaired and discussed by senior financial officials and academics, fostering dialogue on money market trends and policy implications.
Author's summary: The ECB Conference 2025 gathered leading economists and officials to analyze euro area money markets, emphasizing price stability and repo market dynamics.