With the Participation of Nobel Laureate in Economics Jean Tirole, Brazil’s Central Bank Kicks Off 2025 Annual Conference

Brasília, May 14, 2025 – In a solemn act of significant technical representation, the Central Bank of Brazil officially opened the 2025 edition of its traditional Annual Conference this Wednesday (14), at its headquarters. The event will run through May 16 and brings together academics, researchers, economic policymakers, and representatives from internationally prominent financial institutions.

The opening ceremony was led by Diogo Abry Guillen, Director of Economic Policy at the Central Bank, and attended by authorities and leaders from the national and international macroeconomic ecosystem. Among the participants, the Wyss Brazil Institute (Wyss) was present as an institutional observer, reinforcing its commitment to the technical and strategic monitoring of topics related to monetary policy, innovation, and economic development in Brazil.

The keynote address was delivered by none other than Jean Tirole, Nobel Laureate in Economics, professor and researcher at the Toulouse School of Economics, and a seminal figure in the fields of contract theory and market regulation. His work on monopoly regulation and market power analysis has been fundamental to understanding how governments can better oversee large companies, especially in naturally monopolistic sectors. Jean Tirole opened the 2025 edition with a keynote on financial architecture. In his speech, he addressed topics such as banking system liquidity, bail-in and bailout mechanisms, and the challenges of prudential regulation in the context of evolving global financial market dynamics. The session was moderated by Renato Dias de Brito Gomes, also from the Central Bank.

The conference agenda, divided into several thematic sessions, covers topics ranging from monetary policy communication to credit issues and central bank digital currencies.

Present at the 2025 Annual Conference of the Central Bank of Brazil:

Diogo Abry Guillen, Central Bank of Brazil; Jean Tirole, Toulouse School of Economics; Michael McMahon, University of Oxford; Frank Smets, Bank for International Settlements (BIS); Juan Carlos Arismendi-Zambrano, University College Dublin; Philipp Lieberknecht, Deutsche Bundesbank; Douglas Araujo, Bank for International Settlements (BIS); Vanessa Carayannis Cardeal, Central Bank of Brazil; Bernardo Ricca, Insper; Carlo Wix, Federal Reserve Board; Ana Aguilar, Bank for International Settlements (BIS); Ricardo Teixeira Leite Mourao, Central Bank of Brazil; Luis Cabezas, Central Bank of Chile; Marcos Sonnervig, EPGE/FGV; Yvan Becard, PUC-Rio; Eurilton Alves Araújo Junior, Central Bank of Brazil; Matias Ossandon Busch, CEMLA; Paula Beltran, International Monetary Fund (IMF); Ricardo Sabbadini, Central Bank of Brazil; Javier Turen, Pontificia Universidad Católica de Chile; Willem Van Zandweghe, Federal Reserve Bank of Cleveland; Edvin Ahlander, Stockholm University; Euler Pereira Gonçalves de Mello, Central Bank of Brazil; Jin Cao, Norges Bank; Leandro Maciel, University of São Paulo (USP); Tong Yu, Imperial College London; Aristides Andrade Cavalcante Neto, Central Bank of Brazil; Ingomar Krohn, Bank of Canada; Julian Caballero, Bank for International Settlements (BIS); Stelios Fourakis, Johns Hopkins University; José Valentim Machado Vicente, Central Bank of Brazil; Antonia Tsang, University of Cambridge; Matheus Sampaio, Florida State University; Jorge Abad, Banco de España; Sérgio Mikio Koyama, Central Bank of Brazil; Vitor Chagas da Costa, BNDES; Edoardo Briganti, Bank of Canada; Miguel Bandeira, Insper; Cyntia Freitas Azevedo, Central Bank of Brazil; Rafael Ribas, Boise State University; Paola D'Orazio, Chemnitz University of Technology; Isabela Ribeiro Damaso Maia, Central Bank of Brazil; Josué Ornelas, Wyss Brazil Institute; Matteo Cacciatore, HEC Montreal; Angelo Marsiglia Fasolo, Central Bank of Brazil; Tiago Cavalcanti, University of Cambridge; Phoebe Tian, Bank of Canada; Janis Skrastins, Washington University in St. Louis; Juliana Mozachi Sandri, Central Bank of Brazil; Fabio Canova, Norwegian Business School; Marco Rojas, Central Bank of Chile; Carlos Carvalho, Kapitalo Investimentos and PUC-Rio; André Minella, Central Bank of Brazil; Emanuele Amandolagine, Bank of Italy and Università di Roma Tor Vergata; Daniel Steinberg, Universidade Mackenzie; Xavier Lavayssière, Université Paris Panthéon Sorbonne and International Monetary Fund (IMF); and Fábio Araújo, Central Bank of Brazil.

Watch the opening and the keynote lecture of the first day of the event featuring Professor and Researcher Jean Tirole.

Source: Central Bank of Brazil / Wyss Brazil Institute