Economics 360: Minouche Shafik

Minouche Shafik, Deputy Governor, Markets & Banking at the Bank of England, speaks as part of our Economics 360 lecture series.

Date: Thursday 26th February 2015
Time: 6.00pm-7.30pm (30 minutes Q&A)
Location: MS01 (Maths and Stats)

The Bank of England’s relationship with financial markets.

Attendance

You do not need to pre-register to attend this event. First year undergraduate students should however register before entering the lecture threatre at the registration table to ensure they recieve their PDM credits.

Outline

The central bank’s balance sheet is at the very heart of modern policy making. Minouche Shafik will outline how the balance sheet is used to implement monetary policy and to provide liquidity insurance to the financial system; and how it interacts with the Bank’s micro-prudential supervision responsibilities.

She will also speak about the Bank’s approach to gathering information about developments in financial markets – which is a vital means of ensuring policymakers across all of the Bank’s responsibilities have a detailed understanding of the context in which they are making their decisions.

In both the use of the central bank’s balance sheet and the gathering of information, providing clarity to the general public is of paramount importance. And Minouche Shafik will outline how the Bank goes about providing that.

About Minouche Shafik

Minouche Shafik is the Deputy Governor of the Bank of England and is responsible for reshaping the Bank's operations and balance sheet, including ensuring robust risk management practices and helping to lead the design and execution of an eventual exit from quantitative easing by the MPC.

Prior to joining the Bank, she was Deputy Managing Director of the International Monetary Fund from 2011-2014 where she was responsible for the IMF’s work in Europe and the Middle East, the IMF’s $1 billion administrative budget, human resources policies for its 3,000 staff and the IMF’s training and technical assistance on a variety of macroeconomic and financial stability issues.

Ms Shafik has chaired six international consultative groups and served on seven boards on a wide range of sectors and issues. She has held academic appointments at the Wharton Business School of the University of Pennsylvania and the Economics Department at Georgetown University.

She attained her BA in Economics and Politics from the University of Massachusetts-Amherst, her MSc in Economics from the London School of Economics, and a DPhil in Economics from St. Antony's College, Oxford University. Ms Shafik has authored, edited, and co-authored a number of books and articles on a wide variety of economic topics.

About Economics 360

Each year we host Economics 360, an engaging lecture series presented by the Department of Economics and Warwick Policy Lab, which welcomes a diverse mix of speakers each year including alumni, policy makers, and academics. Our speakers give a different perspective on Economics and the series is designed to broaden education and to help students interpret what they have learnt in lectures and classes to some real world, interesting and important situations and subjects.