Close

Events

The importance of central bank reserves

Hosted by the Financial Markets Group

In-person and online public event (Sheikh Zayed Theatre, Cheng Kin Ku Building)

Speaker

Andrew Bailey

Andrew Bailey

Chair

Professor Ricardo Reis

Professor Ricardo Reis

Join us for this lecture in honour of LSE's Charles Goodhart which will be delivered by the Governor of the Bank of England Andrew Bailey.

In this lecture, the Governor talks about the key role that central bank reserves play in delivering the Bank of England’s core mandates of securing financial stability and conducting monetary policy. He discusses implications for the future of the Bank’s balance sheet.

Meet our speaker and chair

Andrew Bailey is Governor of the Bank of England, a position he has held since March 2020. Andrew served as Chief Executive Officer of the Financial Conduct Authority (FCA) from 1 July 2016 until taking up the role of Governor. As CEO of the FCA, Andrew Bailey was also a member of the Prudential Regulation Committee, the Financial Policy Committee, and the Board of the Financial Conduct Authority.

Ricardo Reis (@R2Rsquared) is Director of the Centre for Macroeconomics and A. W. Phillips Professor of Economics in the Department of Economics at LSE

More about this event

This event will be available to watch on LSE Live. LSE Live is the new home for our live streams, allowing you to tune in and join the global debate at LSE, wherever you are in the world. If you can't attend live, a video will be made available shortly afterwards on LSE's YouTube channel.

This is the third lecture in the PGIM Lecture Series in Honour of Charles Goodhart.

The PGIM Lecture Series in Honour of Charles Goodhart was set up in 2022 to honour Charles Goodhart, eminent economist and Emeritus Professor at LSE. Charles was instrumental in the founding of the Financial Markets Group more than 35 years ago. Charles Goodhart was appointed to the Norman Sosnow Chair of Banking and Finance at LSE in 1985, until his retirement in 2002 when he became Emeritus Professor of Banking and Finance. He was elected a Fellow of the British Academy in 1990, and awarded the CBE in 1997, for services to monetary economics. During 1986, he helped to establish the Financial Markets Group at LSE. For the previous 17 years he served as a monetary economist at the Bank of England, becoming a Chief Adviser in 1980. Following his advice on overcoming the financial crisis in Hong Kong in 1983, he subsequently served on the HK Exchange Fund Advisory Committee until 1997. The same year he was appointed one of the four independent outside members of the newly-formed Bank of England Monetary Policy Committee. He became an economic consultant to Morgan Stanley in 2009, until he resigned, at the age of 80, in 2016. Charles has written widely on matters relating to monetary policy, especially central banking, and macro-economics. He is the author of Goodhart's Law "that any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes".

The Financial Markets Group (@FMG_LSE) is a leading centre for research into financial markets. Research at the FMG examines how stable and efficient the financial system is, how it supports the real economy, and what policy measures can generate improvements in these dimensions.

Hashtag for this event: #LSEGoodhart

Podcast & Video

A podcast of this event is available to download from The importance of central bank reserves.

A video of this event is available to watch at The importance of central bank reserves.

Podcasts and videos of many LSE events can be found at the LSE Public Lectures and Events: podcasts and videos channel.

Featured image (used in source code with watermark added): Photo by Sofía Marquet on Pexels

LSE Blogs
Many speakers at LSE events also write for LSE Blogs, which present research and critical commentary accessibly for a public audience. Follow British Politics and Policy, the Business Review, the Impact Blog, European Politics and Policy and the LSE Review of Books to learn more about the debates our events series present.

Live captions

Automated live captions are available at this live event. Please note that this feature uses Automatic Speech Recognition (ASR) technology, or machine generated transcription and is not 100% accurate.

Photography

Photographs taken on behalf of LSE are often used on our social media accounts, website and publications. At events, photographs could include broad shots of the audience and lecture theatre, of speakers during the talk, and of audience members as they participate in the Q&A.

If you are photographed participating in an event Q&A but would not like your photograph to be stored for future use, please contact events@lse.ac.uk.

Media queries
Please contact the Press Office if you would like to request a press seat or have a media query about this event, email LSE.Press.Events@lse.ac.uk. Please note that press seats are usually allocated at least 24 hours before each event.

Podcasts
We aim to make all LSE events available as a podcast subject to receiving permission from the speaker/s to do this, and subject to no technical problems with the recording of the event. Podcasts are normally available 1 week after the event. Podcasts and videos of past events can be found online

Social Media

Follow LSE public events on Twitter for notification on the availability of an event podcast, the posting of transcripts and videos, the announcement of new events and other important event updates. Event updates and other information about what’s happening at LSE can be found on the LSE's Facebook page and for live photos from events and around campus, follow us on Instagram. For live webcasts and archive video of lectures, follow us on YouTube.

LSE in Pictures is a selection of images taken by the school photographer.

Accessibility
If you are planning to attend this event and would like details on how to get here and what time to arrive, as well as on accessibility and special requirements, please refer to LSE Events FAQ.  LSE aims to ensure that people have equal access to these public events, but please contact the events organiser as far as possible in advance if you have any access requirements so that arrangements, where possible, can be made. If the event is ticketed, please ensure you get in touch in advance of the ticket release date. Access Guides to all our venues can be viewed online.

WIFI Access
LSE has now introduced wireless for guests and visitors in association with 'The Cloud', also in use at many other locations across the UK. If you are on campus visiting for the day or attending a conference or event, you can connect your device to wireless. See more information and create an account at Join the Cloud.
Visitors from other participating institutions are encouraged to use eduroam. If you are having trouble connecting to eduroam, please contact your home institution for assistance.
The Cloud is only intended for guest and visitor access to wifi. Existing LSE staff and students are encouraged to use eduroam instead.
From time to time there are changes to event details so we strongly recommend that if you plan to attend this event you check back on this listing on the day of the event.

Share

  Sign up for news about events