Governor Ismaili addresses panel on the promise of Macro-Prudential Policy at Reykjavik Economic Conference

24/05/2024

The Governor of the Central Bank of the Republic of Kosovo, Mr. Ahmet Ismaili, participated in a high-level panel discussion on macro-prudential policy at the Reykjavik Economic Conference, organized by the esteemed Central Bank of Iceland. The conference, renowned for its insightful discussions on economic issues of global significance, provides a platform for policymakers and experts to exchange ideas and insights.

Together with Governor Ismaili, the panel, chaired by Martin Eichenbaum of Northwestern University, featured distinguished panelists, including Huw Pill, Chief Economist of the Bank of England, and Ásgerður Ósk Pétursdóttir from Bath University.

Governor Ismaili underscored the significance of macroprudential surveillance at the Central Bank of Kosovo, shedding light on the toolkit and stylized facts pertaining to the performance of key financial stability dynamics. These encompassed an ongoing surge in competition, a rising intermediation rate fostering growth, exceptional asset quality within the financial sector, and robust resilience indicators.

Furthermore, Governor Ismaili articulated the potential inherent in macroprudential policy, portraying it as a potent instrument for upholding financial stability within Kosovo and catalyzing economic growth.

The conference featured high-level guests, speakers, and presenters, including the Governors of the Central Banks of Iceland, North Macedonia, Slovenia, Armenia, Estonia, and Portugal. Board members from the Federal Reserve System, International Monetary Fund Directors, and prominent professors from the London School of Economics, University College London, University of California, Berkeley, Yale School of Management, University of Michigan, Johns Hopkins University, and Copenhagen Business School presented important insights and study findings.