Explores low-rates' impact on savings behavior, historical influence on savings and retail banks
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The event will explore savings and retail banks and low interest rates from an
historical perspective. More specifically, it will try to answer if whether or
not periods of low interest rates, low inflation and weak economic growth
influence the behavior of the savings and retail banks. It will also seek
answers to how the economic and geopolitical environment impacts the financial
advice bank staff give their customers. Do savings institutions advise
customers to save for anticipated expenditure where prices are not elastic
downwards, such as education or long term care?
speakers will share their views and experiences on the savings behaviour
throughout history, as well as the period of ultra-low interest rates Europe is
currently facing, during the workshop "Savings in a World without
Interest". The event will take place on 27 May in Brussels, from 10 am to
1 pm, followed by a networking lunch. Chris De Noose, WSBI-ESBG Managing
Director, will a give a welcome address.
Hileman, rewarded Senior Research Associate in the Cambridge Centre for
Alternative Finance & London School of Economics and researcher at the
Centre for Macroeconomics, will talk about the "Four Origins and
Measurement of Financial Repression: the British Case mid-20th Century".
Garrick has already been invited to present his research on Monetary and
Financial Innovation to government organisations, including central banks and
war colleges, as well as private firms such as Visa, Black Rock, and UBS.
ranked by City A.M. as one of the 100 most influential economists in the UK
& Ireland, Garrick has 20 years of private sector experience with both
start-ups and established companies such as Visa, Lloyd's of London, Bank of
America, The Home Depot, and Allianz. Other researches he carried out include
Systemic Risk, Sovereign Debt, Financial Crises, Black Markets, Financial
Repression, and Innovation.
Hoffmann, from the University of Leipzig, in Germany, will compare
"Savings and Investment during the Great Depression and the Recent Global
Crisis". Dr. Hoffmann holds a PhD in economics and teaches International
Economics, Financial Development and Macroeconomic. He was a visiting scholar
at the University of Turin, New York University, and the Central Bank of
Colombia. Dr. Hoffmann's primary research interests are in the fields of
International Finance, Monetary Policy and Financial History.
Maltby, Professor at the Sheffield University Management School, in the United
Kingdom, will cover the topic "Insurance and Investment: Savings Banks and
Lee, Adjunct Associate Professor at the University of Hong-Kong, in China, will
tell attendees about "Fishing in Troubled Water: Savings Business in China
during the 1920s-1930s". He holds a master and doctoral degree in Asian
History from the University of Tokyo and received the Toyota Foundation's Award
on Chinese Business History in Asia in 2007. Dr. Pui-Tak Lee organized the
Chinese Business History series for the Hong Kong University Press in 2009. He
is currently working on two book projects, one on K. P Chen and the Shanghai
Commercial and Savings Bank, 1915-1965, and the other one on The Chong Hing
Bank in Hong Kong, 1947-2017.
Sayar, from the Yildiz Technical University, in Turkey, will also bring
examples from outside the Eurozone. She will discuss "The role of Low
Interest Rates on preferences of Savings in Turkey".
also be time for discussion among all participants. To conclude the workshop,
Thorsten Wehber, Head of Documentation Center on Savings Banks History of the
German Savings Banks Association (DSGV), will do the wrap-up. Thorsten has been
in charge of DSGV's Documentation Center on Savings Banks History since 2002.
He lectures at the University of Applied Sciences and the Management Academy of
the Savings Banks Finance Group and chairs the Study Group on Savings Banks