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MNB-CEMLA-OMFIF Financial Stability Conference

March 25-26, 2024
Budapest, Hungary


The Conference was held in Budapest, Hungary, in March 25-26, 2024, and it was jointly organized by the Centro de Estudios Monetarios Latinoamericanos (CEMLA), the Magyar Nemzeti Bank (MNB) and the Official Monetary and Financial Institutions Forum (OMFIF). The conference brought together 71 attendees from various institutions.

The conference featured 29 speakers from institutions such as the Bank of International Settlements, International Monetary Fund, Banco de Mexico, Banco Central del Uruguay, among others, and included two keynote speeches by Thorsten Beck, Professor of Financial Stability and Director of the Florence School of Banking and Finance on the current state of financial stability risks, and by Ádám Banai, the Executive Director at the MNB, on the importance of financial stability to the MBN.

The conference was focused on the challenges of the current macroeconomic turbulences to financial stability: inflation persistently above target levels, interest rate hikes and related risks to banks’ business models, geopolitical realignments, digitalization and climate change related financial risks; all of which particularly affect emerging markets.

Thorsten Beck

Instituto Universitario Europeo

Thorsten Beck is Director of the Florence School of Banking and Finance and Professor of Financial Stability at the European University Institute. He is a research fellow of the Centre for Economic Policy Research (CEPR) and the CESifo. He was professor of banking and finance at Bayes Business School (formerly Cass) in London between 2013 and 2021 and professor of economics from 2008 to 2014 and the founding chair of the European Banking Center from 2008 to 2013 at Tilburg University. His research interests are banking regulation and supervision, macro and corporate finance, international economics, and macroeconomics and finance. Dr. Beck holds a Ph.D. in Economics from the University of Virginia.

Ádám Banai

Magyar Nemzeti Bank

Ádám Banai es Director Ejecutivo de la Dirección Ejecutiva de Instrumentos de Política Monetaria, Estabilidad Financiera y Gestión de Reservas Exteriores del Magyar Nemzeti Bank. Fue Jefe del Departamento de Investigación Aplicada y Pruebas de Estrés del Magyar Nemzeti Bank. Sus intereses de investigación incluyen la estabilidad financiera, la política macroprudencial y el mercado inmobiliario. Es Doctor en Finanzas por la Universidad Corvinus de Budapest.