Financial Stability Seminar

Jointly Organized by

Central Bank of the Republic of Turkey  and Deutsche Bundesbank

4-5 July 2014



Friday, 4 July 2014

03:40 pm



Meeting at the Istanbul School of Central Banking

04:00 pm


04:20 pm - 05:00 pm


Opening remarks

Prof. Turalay Kenç, Deputy Governor

Dr. Andreas Dombret, Member of the Executive Board


Session 1: Presentation by Dr. Markus Schmidt, Bundesbank

“Macro-prudential Oversight in Germany: Institutional set-up and first experiences”


05:00 pm - 05:10 pm

Coffee break

05:10 pm – 05:50pm



05:50 pm - 6:30 pm




Session 2: Presentation by Dr. Yalýn Gündüz, Bundesbank

“Impacts of the financial crisis on Eurozone sovereign CDS spreads”


Session 3: Presentation by Dr. Koray Alper, CBRT

“Structure of Financial System and Macroprudential Policy in Turkey



08: 45 pm



Saturday, 5 July 2014



09:00 am - 10:00 am

10:00 am - 10:15 am

Session 4: Presentation by Dr. Pinar Ozlu, CBRT

“Required Reserves, Liquidity Risk, and Credit Growth”

Conclusion of the seminar - Discussions

10:15 am - 10.30 am

Coffee break

10:30 am - 12:00 pm



10:30 am- 11:15 am


11:15 am- 12:00 am

Policy dialogue meeting

 “Main Economic Developments in Turkey and in Germany

Prof. Turalay Kenç, Deputy Governor
“The Economic Outlook And Monetary Policy”  

Dr. Andreas Dombret,  Member of the Executive Board
“Germany and the Euro Area: Beware Complacency”