Category: European Central Bank (video statements)

Source: European Central Bank (video statements)

Policy panel “The Next Financial Crisis” at the 10th ECB Annual Research Conference.

Chair: Isabel Schnabel, Member of the Executive Board, European Central Bank

Panellists:
• Pierre-Olivier Gourinchas, International Monetary Fund
• Klaas Knot, formerly President, De Nederlandsche Bank and Financial Stability Board

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZlSxtoWBnEco7LoUoBbl-ei

See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250917_10th_ecb_annual_research_conference.en.html

https://www.youtube.com/watch?v=maJagH7uy2g

Source: European Central Bank (video statements)

Session 3 on Central banks and regulation at the 10th ECB Annual Research Conference.

Chair: Marie Hoerova, European Central Bank

Unintended Consequences of QE: Real Estate Prices and Financial Stability
• Tobias Berg, Goethe University Frankfurt

Discussants:
• Amir Sufi, University of Chicago – Booth School of Business
• José-Luis Peydró, LUISS and EIEF

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZlSxtoWBnEco7LoUoBbl-ei

See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250917_10th_ecb_annual_research_conference.en.html

https://www.youtube.com/watch?v=ocH_tNLmxgI

Source: European Central Bank (video statements)

The annual ECB Conference on Money Markets brings together academics, market practitioners, and central bankers for in-depth discussions on money markets, monetary policy implementation, and central bank operational frameworks. Through a combination of research presentations, insights from market participants, and high-profile keynote speeches, the conference aims to advance our understanding of money markets and monetary policy transmission.

In 2025, the ECB Conference on Money Markets will discuss the ongoing adjustments in money markets as they adapt to smaller central bank balance sheets, evolving operational frameworks for monetary policy implementation, and the increasing role of non-bank financial intermediaries.

https://www.youtube.com/watch?v=EmxJH4Qtwy4

Source: European Central Bank (video statements)

The annual ECB Conference on Money Markets brings together academics, market practitioners, and central bankers for in-depth discussions on money markets, monetary policy implementation, and central bank operational frameworks. Through a combination of research presentations, insights from market participants, and high-profile keynote speeches, the conference aims to advance our understanding of money markets and monetary policy transmission.

In 2025, the ECB Conference on Money Markets will discuss the ongoing adjustments in money markets as they adapt to smaller central bank balance sheets, evolving operational frameworks for monetary policy implementation, and the increasing role of non-bank financial intermediaries.

https://www.youtube.com/watch?v=6zaJgoS2XGE

Source: European Central Bank (video statements)

Chair: Ross Levine, Stanford University – Hoover Institution

Interest Rate Risk and Cross-Section Effects of Micro-Prudential Regulation
• Juliane Begenau, Stanford University – Graduate School of Business

Discussants:
• Augustin Landier, HEC
• Markus Brunnermeier, Princeton University

Watch other sessions from the 2025 ECB Annual Research Conference joint with Stanford’s Hoover Institution on “The Next Financial Crisis?”: https://www.youtube.com/playlist?list=PLnVAEZuF9FZlSxtoWBnEco7LoUoBbl-ei

See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250917_10th_ecb_annual_research_conference.en.html

https://www.youtube.com/watch?v=BlU0XqPPA6M

Source: European Central Bank (video statements)

Session 1 on Non-Banks at the 10th ECB Annual Research Conference.

Chair: Amit Seru, Stanford University – Hoover Institution

Do Non-Banks Need Access to the Lender of Last Resort? Evidence from Fund Runs
• Marie Hoerova, European Central Bank

Discussants:
• Jean-Charles Rochet, Toulouse School of Economics
• Philipp Schnabl, New York University – Stern School of Business

Watch other sessions from the 2025 ECB Annual Research Conference joint with Stanford’s Hoover Institution on “The Next Financial Crisis?”: https://www.youtube.com/playlist?list=PLnVAEZuF9FZlSxtoWBnEco7LoUoBbl-ei

See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250917_10th_ecb_annual_research_conference.en.html

https://www.youtube.com/watch?v=arsFYAxKwzI

Source: European Central Bank (video statements)

Session 2 on Banks at the 10th ECB Annual Research Conference.

Chair: Ross Levine, Stanford University – Hoover Institution

Bank Runs and Interest Rates
• Victoria Ivashina, Harvard University

Discussants:
• Emil Verner, MIT Sloan School of Management
• José Manuel Campa, Chairperson of the European Banking Authority

Watch other sessions from the 2025 ECB Annual Research Conference joint with Stanford’s Hoover Institution on “The Next Financial Crisis?”: https://www.youtube.com/playlist?list=PLnVAEZuF9FZlSxtoWBnEco7LoUoBbl-ei

See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250917_10th_ecb_annual_research_conference.en.html

https://www.youtube.com/watch?v=Jkt3Qy8KXM8

Source: European Central Bank (video statements)

Keynote lecture with Raghuram Rajan (University of Chicago – Booth School of Business) on monetary policy and financial stability at the 10th ECB Annual Research Conference.

Chair: Luc Laeven, European Central Bank

Watch other sessions from the 2025 ECB Annual Research Conference joint with Stanford’s Hoover Institution on https://www.youtube.com/playlist?list=PLnVAEZuF9FZlSxtoWBnEco7LoUoBbl-ei

See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250917_10th_ecb_annual_research_conference.en.html

https://www.youtube.com/watch?v=tggMPncSKfM

Source: European Central Bank (video statements)

Session 1 on Non-Banks at the 10th ECB Annual Research Conference.

Chair: Amit Seru, Stanford University – Hoover Institution

Where Do Banks End and NBFIs Begin?
• Nicola Cetorelli, Federal Reserve Bank of New York

Discussants:
• Tomasz Piskorski, Columbia Business School
• David Scharfstein, Harvard Business School

Watch other sessions from the 2025 ECB Annual Research Conference joint with Stanford’s Hoover Institution on “The Next Financial Crisis?”: https://www.youtube.com/playlist?list=PLnVAEZuF9FZlSxtoWBnEco7LoUoBbl-ei

See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250917_10th_ecb_annual_research_conference.en.html

https://www.youtube.com/watch?v=uy3iE27mw_w

Source: European Central Bank (video statements)

Welcome address by Christine Lagarde, President of the European Central Bank (ECB), on the first day of the 10th ECB Annual Research Conference.

The conference is organised jointly with Stanford’s Hoover Institution and brings together policymakers and academics to discuss how current regulations, supervisory practices, (conventional and unconventional) monetary policy, and technological innovations shape financial fragility. This year’s theme is “The Next Financial Crisis?”.

Watch all sessions from the conference: [add playlist link once created]

See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250917_10th_ecb_annual_research_conference.en.html

https://www.youtube.com/watch?v=uMpQzLEGI0o