MMFRG Workshop on African Credit Markets

The Money, Macro and Finance Research Group is organising a workshop on African credit markets at theBank of England on Friday 17th December, starting at 2pm. The programme of the event is as follows:

2.00-3.00 pm: Keynote address by Thorsten Beck (Tilburg) "Financing Africa: Through the Crisis and Beyond" 
3.00-3.30 pm: Svetlana Andrianova (Leicester) "The African Credit Trap" 
3.30-4.00 pm: Coffee/tea
4.00-4.30 pm: David Fielding (Otago) "Information, Institutions and Banking Sector Development in West Africa"
4.30-5.00 pm: George Anayiotos (IMF) "Institutional Factors and Financial Sector Development: Evidence from Sub-Saharan Africa"
5.00-5.30 pm: Panel discussion chaired by Panicos Demetriades (Leicester)

Participant’s travel costs from UK destinations will be refunded in line with the MMF group’s travel policy. To be admitted to the Bank of England you will need to register for the event in advance. Please note that due to the limited capacity of the room, those intending to attend should register as soon as possible. To register please email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Workshop on ‘Finance, Credit and Output Fluctuations’ 
University of Nottingham
12 November 2010

Organised by the Centre for Finance and Credit Markets, Nottingham and we are grateful for co-funding from the Money, Macro and Finance Research Group and the School of Economics, Nottingham.

Location: East Midlands Conference Centre, 1st floor Gallery, University of Nottingham, University Park, Nottingham, NG7 2RD.

There is car parking at the East Midlands Conference Centre. A taxi from Nottingham station will take about 10 minutes to the University Park Campus. You should enter the campus using the west entrance, following the signs to the East Midlands Conference Centre which will be on your right. Maps giving directions to the University Park campus can be found at

Enter the East Midlands Conference Centre using the main entrance facing the car park and go up the stairs to the first floor. The workshop is being held in a room on the Gallery overlooking the main entrance. See the website for further details

Reminder: MMF will refund the reasonable travelling expenses of UK-based academics and PhD students to attend this meeting. In most cases we expect to refund the equivalent of Saver train tickets.


10.30-11.00: Welcome and coffee

Morning session
11.00-12.30 Chair: Christos Koulovatianos (CFCM, University of Nottingham)
"Idiosyncratic Uncertainty, Lending Risk and Aggregate Output in Long-run Equilibrium" Atsuyoshi Morozumi (CFCM, Nottingham) and Santiago Acosta Ormaechea (IMF) 
“Financial Factors in Economic Fluctuations” Lawrence Christiano (Northwestern University), Roberto Motto (ECB), Masimo Rostagno (ECB)
Discussant: Stephen Millard (Bank of England)

12.30-14.00: Buffet Lunch

Afternoon sessions
14.00-15.30: Chair: John Tsoukalas (CFCM, University of Nottingham)
"Understanding the Macroeconomic Effects of Working Capital in the UK" Emilio Fernandez-Corugedo (Bank of England), Michael McMahon (Warwick University), Stephen Millard (Bank of England), and Lukasz Rachel (Bank of England)
“High Cross Country Correlations of Prices and Interest Rates” Roman Sustek (CFCM, University of Nottingham), Espen Henriksen (University of California-Santa Barbara) and Fynn Kydland (University of California-Santa Barbara)
Discussant: Kevin Lee (CFCM, University of Nottingham)

15.30-16.00: Coffee break

16.00-17.00 Chair: Paul Mizen (CFCM, University of Nottingham)
Keynote Lecture “Financial Intermediation and Credit Policy in Business Cycle Analysis” Mark Gertler (NYU) and Nobuhiro Kiyotaki (Princeton University)

Maxwell Fry Global Finance Lecture

“The Impact of the Global Financial Crisis on Development Thinking”
Speaker: Professor John Williamson, Senior Fellow, the Peterson Institute for International Economics, Washington DC
Wednesday 13 October 2010 
Flyer (doc)

Quantitative Easing - a mid-term review
March 12 2010  •  Full Programme (pdf) • Programme web page

conference shot

qe pdf screenshotThe MMF and Centre for International Macroeconomics and Finance at the University of Cambridge hosted a one-day Workshop at Trinity College, Cambridge on 12 March 2010. Co-organisers Jagjit Chadha (Kent) and Sean Holly (Cambridge) put together policy makers, academics and City and Hedge fund based economists in order to think about arguably the most radical policy initiative in recent UK monetary history.

Read more in this article from the Royal Economic Society Newsletter (pdf).

conference shot conference shot conference shot conference shot

(Images with thanks to Charlotte Chamberlain)

MMF/Brunel Workshop on Risk Management and High Frequency Data Brunel University, Uxbridge

May 26th 2010 • Programme (pdf)

Macroeconomics and Econometrics Conference University of Birmingham
May 4 -5 2010  •   Call for Papers  •   Programme (pdf)

The Econometrics and Macroeconomics and Finance Research Groups of the Department of Economics in Birmingham are pleased to hold a two-day conference hosted by the Department of Economics with generous financial support from the Money, Macro and Finance Research Group.

Money Macro and Finance Research Group and GEP Workshop on Macroeconomics and Migration at the Bank of England
May 7 2010  •   Programme (pdf)


ESRC logoThe MMFRG gratefully acknowledges financial support from the Economic and Social Research Council (ESRC).

Further information

Further information about membership of the MMFRG can be obtained from the secretary:

MMF Secretary
Fax: 01904 433759

 8 2754esrc logobank of england