In this interactive session, we will discuss central bank mandates and the evolving policy response to Covid-19, in particular how the current response is different to that of the global financial crisis (GFC).
In addressing this, we will look at the key differences between the Covid-19 pandemic and the GFC, examine the challenges faced by central banks in response to Covid-19 and also look at some of the actions undertaken by central banks under their ranging mandates and the key objectives driving these actions.
Having worked with the European Central Bank (ECB), the International Monetary Fund (IMF), and currently working with the Central Bank of Ireland, Diarmuid has spent a considerable part of his career working on the operational aspects of central banking. He took an active role in Ireland’s response to its financial crisis and more recently worked on issues related to the Covid-19 pandemic.
At the IMF, Diarmuid engaged with many central banks across the globe on issues related to monetary policy operational frameworks & instruments, crisis preparedness and financial safety nets. Please note that the views expressed by Diarmuid Murphy during this seminar are his own and do not represent those of any institution or Warwick Business School.