Topics: • Payments and monetary stability • Payments and the macroeconomy • Systemic risk in payments • The future of payments • Recent developments in market infrastructure • Recent developments in payment economics • The role of central banks in payments

The conference will cover a broad range of issues, and suitable topics include, but are not limited to: - Interaction between monetary policy and asset markets (housing markets and stock markets) - Asset market volatility and the role of learning in asset price behaviour - Stability of asset...

Over the past five years, substantial experience with money market operations by the Eurosystem has been gained. Moreover, from March 2004, further important changes to the Eurosystem's framework for monetary policy implementation have come into effect. In light of these changes, and given the...