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Conference "Negative Euro Area Interest Rates and Spillovers on Western Balkan Central Banks' Policies and Instruments"

The International Monetary Fund (IMF) and the Bank of Albania are co-hosting a conference on "Negative Euro Area Interest Rates and Spillovers on Western Balkan Central Banks' Policies and Instruments" in Tirana on May 4-5, 2017. The conference is organized with the financial support from our development partner, Switzerland.

The conference will provide an opportunity for policy makers and senior officials from Western Balkan central banks to exchange views with each other and with other central banks in the vicinity of the euro area on monetary policy, financial stability, and reserve management challenges arising from negative policy rates in the euro area and the European Central Bank's asset purchase program. The aim of the conference is to identify the peculiar challenges in these different areas, take stock of the different policy responses, and assess their effects with a view to identifying those that can be considered more effective than others in given circumstances.

Representatives from Western Balkan central banks, including the Central Bank of Bosnia and Herzegovina, the Central Bank of Kosovo, the National Bank of the Republic of Macedonia, the Central Bank of Montenegro, the National Bank of Serbia; the European Central Bank; central banks in the vicinity of the euro area, including the Bulgarian National Bank, the Croatian National Bank, the Czech National Bank, Magyar Nemzeti Bank, the National Bank of Romania, the Swiss National Bank, the BIS; and representatives of Academia are taking part in this conference.

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