
13th Annual BCC Conference 2025 – Challenges from Higher Uncertainty
DAY 1 – Thursday 18 September
POSTER session
Chokri Khalfaoui. Central Bank of Tunisia
– Decomposing Demand and Supply Driven Inflation.
Azizjon Toshnazarov, Jamshid Mamasalaev, Nurbek Omonov. Central Bank of the Republic of Uzbekistan
Khazan Bakhshaliyev, Vugar Ahmadov. Central Bank of the Republic of Azerbaijan
– Exploring the Flow-Performance Relation in Colombian Open-End Investment Funds.
Juan Mariño, Daniela Rodriguez, Camilo Sanchez. Central Bank of Colombia
– Financial Vulnerability from Climate Shocks: Peruvian Evidence.
Jorge Pozo, Youel Rojas. Central Reserve Bank of Peru
– The Asymmetric Effects of Exchange Rate on Inflation.
Altin Tanku, Lorena Skufi. Bank of Albania
WORKSHOP 1: Transmission of shocks
Comments by: Daniel Kaufmann, University of Neuchâtel
Gent Sejko, Altin Tanku, Meri Papavangjeli. Bank of Albania
– Foreign Investment Dynamics: The impact of Benchmark-driven versus Unconstrained Investors on Local Credit Conditions.
Oscar Botero, Andrés Murcia, Mauricio Villamizar. Central Bank of Colombia
Renzo Pardo. Central Reserve Bank of Peru
WORKSHOP 2: Uncertainty
Comments by: Cédric Tille, BCC
– Global Uncertainty Shocks and Their Effect on LATAM Financial Markets and the Aggregate Economy.
Fernando Pérez. Central Reserve Bank of Peru
– Policy Uncertainty and Macroeconomic Dynamics in Morocco.
Oussama Houari. Bank Al-Maghrib
Hager Ben Romdhane, Oussema Hammami. Central Bank of Tunisia
DAY 2 – Friday 19 September
Keynote presentation – Francesca Loria, Federal Reserve Board
Policy presentation – Mahvash Qureshi, International Monetary Fund (IMF)
POLICY PANEL 1: Changing fundamentals and uncertainty: where do we stand?
Chair: Nathan Sussman, Geneva Graduate Institute
– Altin Tanku, Bank of Albania
– Belma Čolaković, Central Bank of Bosnia and Herzegovina
– Martina Hengge, International Monetary Fund
– Mehdi Bellalouna, Central Bank of Tunisia
– Nicolas Stoffels, Swiss National Bank
POLICY PANEL 2: Trade and financial fragmentation
Chair: Nils Herger, Gerzensee Study Center
– Aygun Garayeva, Central Bank of the Republic of Azerbaijan
– Gan-Ochir Doojav, Central Bank of Mongolia
– Giorgi Edilashvili, National Bank of Georgia
– Jim Siracusa, Consultant and Non-Executive Board Member
– Matteo Iacoviello, Federal Reserve Board
– Otabek Tojiddinov, Central Bank of the Republic of Uzbekistan
POLICY PANEL 3: Policy responses to heightened uncertainty on policy and fundamentals
Chair: Ugo Panizza, Geneva Graduate Institute
– Alejandro Werner, Georgetown Americas Institute & PIIE nonresident fellow
– Cesar Giraldo, Board of Directors – Central Bank of Colombia
– Fernando Perez, Central Reserve Bank of Peru
– Georgios Chortareas, Kings College
– Governor Trajko Slaveski, National Bank of the Republic of North Macedonia