13th Annual BCC Conference 2025 – Challenges from Higher Uncertainty

DAY 1 – Thursday 18 September  

POSTER session

- An Empirical Analysis of Monetary Policy and Financial Market Interlinkages in Tunisia Using Advanced Connectedness Approaches: Evidence from TVP-VAR and QVAR Models.

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

- Decomposition of Inflation in Azerbaijan into Supply and Demand Components According to Supermarket Data.

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

- Analysis of the Interaction of Monetary and Macroprudential Policies: Empirical Evidence from Albania.

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

- Interest Rate Differential and Depreciation Shocks on Credit Dollarization of Firms in Peru: Does Firm Size Matter?

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

- The Impact of Geopolitical Risk on the Policy Mix: Evidence from a Panel of Tunisian Banks using Panel VAR and Local Projection models.

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

- Jongrim Ha, World Bank

- 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

- Volodymyr Lepushynskyi, National Bank of Ukraine