(re)politicisation of central banks and central bank

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Ismail Ertürk, Alliance Manchester Business School, The University of Manchester. 1 4.1 5-1 5.00. Fréderic Lebaron, Université de Versailles. Aykiz Dogan ...
In which way central bankers’ biographies matter? Frédéric Lebaron Professor, ENS Paris-Saclay Laboratoire Printemps and IDHES-Cachan

Aykız Doğan Phd student, IEDES University of Panthéon-Sorbonne

Workshop on (re)politicisation of central banks and central bank independence in post-crisis financialised capitalism: from “new normal” to “normalisation”?

8-9 June 201 7 , Weimar The M.S Merian International Centre of Advanced Studies ‘Metamorphoses of the Political’ (ICAS:MP)

Frédéric Lebaron Aykız Doğan

In which way central bankers’ biographies matter?

An introduction:

Why study central bankers' biographies?

Methodological aspects of the research: A sociological approach Prosopography: Working with collective biography

The space of central bankers' trajectories: Who are they? Principal dimensions of the space The main profiles

Two case studies

Eurozone: Academics vs civil servants? Middle-East: Gulf countries versus the others / private financiers vs bureaucrats

Conclusion

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Frédéric Lebaron Aykız Doğan

In which way central bankers’ biographies matter?

Conclusion - Trajectories relate to social experiences in various professional sectors and institutions. - Biographies do matter provided that one has a multidimensional and complex conception of trajectories. - Our two case studies first show that diverging conceptions of central banking statistically relate to differences in educational and social trajectories. - But far from a mechanical one-way determination, this relation is a complex process which varies from one context to another, as show the specific oppositions which take place during particular periods inside the ECB and among Middle-East governors. - These differences in personal profiles tend to reinforce institutional and legal differences such as the level of independence of the central bank in the case of Middle-East countries, or national differences inside the ECB Governing council.

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Workshop on (re)politicisation of central banks and central bank independence in post-crisis financialised capitalism: from “new normal” to “normalisation”? THURSDAY 8 JUNE 1 4.00-1 4.1 5 Introduction Oliver Kessler, The University of Erfurt Ismail Ertürk, Alliance Manchester Business School, The University of Manchester 1 4.1 5-1 5.00

Fréderic Lebaron, Université de Versailles Aykiz Dogan, Université de Paris-1 “In which way central bankers’ biographies matter” 1 5.00– 1 5.45 Charlie Dannreuther, POLIS, University of Leeds “Currency Internationalisation and the “Neo Liberal” Shift from National to Popular Sovereignty” 1 6.00-1 6.45

Leon Wansleben London School of Economics & Social Sciences Timo Walter University of Erfurt “Felicitious Failure‘: How the Monetarist Experiments Helped Central Banks to Live with Financialization” 1 6.45-1 7.30

Claes Belfrage, University of Liverpool Management School (co-author Markus Kallifatides, Stockholm School of Economics) “The Politicisation of Macroprudential Regulation: the Critical Swedish Case” 1 7.30-1 8.00 Further comments and discussion on Day 1 ’s presentations

FRIDAY 9 JUNE 9.00-9.45 Douglas R. Holmes, Binghamton University, The State University of New York “Markets are a Function of Language: How translational, interpretative, and performative practices animate the work of central bankers” 9.45-1 0.30 Pascal Petit “From quantitative to qualitative easing : arguments pros and cons to support climate actions in the EU in the process” 1 0.45-1 1 .30

Brigitte Young, Institute of Political Science University of Muenster (co-author Alyssa Schneebaum, Economic University, Vienna) “Does the European Central Bank’s Unconventional Monetary Policies Have Distributional Effects?” 1 1 .30-1 2.1 5 Srinivas Yanamandra, New Development Bank (BRICS Bank), “The impact of and response to “tapering tantrum” in India” 1 4.00-1 4.45 Joe Zammit-Lucia, co-Founder and Trustee, radix.org.uk. “Democracy, Accountability and Central Banks” 1 4.45-1 5.30 Gary Dymski, Leeds University Business School “Masters and Servants in the Global Financial System: From Trilemma Forcefields to Impossible Dilemmas?” 1 5.45-1 6.30

Ismail Ertürk, Alliance Manchester Business School, The University of Manchester “Central bank-led financialised capitalism: reconceptualising central banking in postcrisis era and limits of unconventional policies” 1 6.30-1 7.30

Concluding discussion