Global Conference 2013

Global Conference 2013

Central Banks: Is Quantitative Easing Becoming Quantitative Exhaustion?

Monday, April 29, 2013 / 3:30 pm - 4:30 pm


Among the monetary measures central banks have taken to address the lingering impact of the 2008 financial rupture, keeping interest rates artificially low has been a primary aim. The term "financial repression" has become associated with that policy. Such measures were launched in the hope of not only stimulating economic activity but to ease the pressure of servicing onerous public debt. Concern is growing, however, that quantitative easing has distorted markets by interfering with the proper pricing of risk and, by extension, obscuring the true cost of capital. Our panel of experts will explore the possible effects of sustained QE and the quest for financial stability. For instance, are bubbles inflating? Will these effects be similar or will they vary from market to market? What costs will long-tem financial repression impose on the Federal Reserve and other central banks? What tools can be employed as alternatives?

Moderator

David Zervos

Chief Market Strategist, Jefferies LLC

Speakers

James McCaughan

CEO, Principal Global Investors

Cliff Noreen

President, Babson Capital Management LLC

Tad Rivelle

Chief Investment Officer, Fixed Income, TCW

Aram Shishmanian

CEO, World Gold Council

Kevin Warsh

Distinguished Visiting Fellow, Hoover Institution; Former Member, Federal Reserve Board of Governors


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