Arrangement

The workshop aims at exploring ongoing research and teaching withing Macro Finance and Monetary law in an informal environment.

Workshopen samler akademikere og praktikere for å belyse utvalgte tekniske, juridiske og politiske problemstillinger knyttet til fremvekst av nye former for penger, digitale betaling- og oppgjørssystemer.

Taking stock and assessing the implications for the Norwegian financial markets.

The conference will shed light on how international law shapes central bank policies and how central banks shapes international law, including whether central banks are a clear and consistent concept under international law. It will discuss traditional topics such as central banks and sovereign immunity and topics of an increasing relevance such as sanctions against central banks. It will also explore how the expansive role of central banks is influenced by the availability of other viable crisis resolution measures in international law related to in particular the climate crises and sovereignty debt crises.

The workshop will discuss the development of granting an increasing number of administrative authorities independence, examine the place which these bodies occupy in the constitutional arrangement, and their legitimacy. It is arranged by BI Norwegian Business School, Inland Norway University of Applied Sciences and University of Oslo. It is a part of the research project Central Banks’ expanded role in financial markets, which is funded by Finansmarkedsfondet and managed by the Norwegian Research Council.

The workshop will discuss central banks’ expanding roles, independence and control mechanisms. Amongst other issues, it will examine the historical origin of central bank independence, to what extent are courts and tribunals willing to review the legality of central banks’ decision making, and how is this influencing central banks policies, as well as what alternative mechanisms for checks and balances of central bank policies exist.