The European Security Architecture finds itself at a crossroads. After decades of reduced military spending in Europe, Russia’s war against Ukraine has reminded the rest of Europe of the relevance of its own security and defence capabilities which have long been considered to be obsolete, or taken for granted by the United States. But what if Russia’s attack on Ukraine and the rules-based international order succeeds? What implications would this have for European security, and how should European states prepare for such a scenario?
This event has been organised in conjunction with the Konrad Adenauer Stiftung (KAS), UK and Ireland
Speaker bio:
Professor Dr Carlo Masala is a renowned German expert on military and security policy. He holds the Chair for Security and Defence Studies at the University of the Bundeswehr Munich and has published extensively on international relations, NATO and European security. He is the author of the bestselling book ‘If Russia Wins’, published in 2025, which has topped charts across Europe and cemented his reputation as a leading voice in geopolitics.
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The European Security Architecture finds itself at a crossroads. After decades of reduced military spending in Europe, Russia’s war against Ukraine has reminded the rest of Europe of the relevance of its own security and defence capabilities which have long been considered to be obsolete, or taken for granted by the United States. But what if Russia’s attack on Ukraine and the rules-based international order succeeds? What implications would this have for European security, and how should European states prepare for such a scenario?
This event has been organised in conjunction with the Konrad Adenauer Stiftung (KAS), UK and Ireland
Speaker bio:
Professor Dr Carlo Masala is a renowned German expert on military and security policy. He holds the Chair for Security and Defence Studies at the University of the Bundeswehr Munich and has published extensively on international relations, NATO and European security. He is the author of the bestselling book ‘If Russia Wins’, published in 2025, which has topped charts across Europe and cemented his reputation as a leading voice in geopolitics.
Central Banking, Policy Implementation, and Balance Sheets
IIEA Talks
17 minutes 40 seconds
1 month ago
Central Banking, Policy Implementation, and Balance Sheets
Since the Global Financial Crisis, central banks have made significant changes to their monetary policy operating frameworks. Notably, the Federal Reserve and other central banks have expanded their balance sheets, altered their reserves regimes, and adopted new tools to set their policy rates. President and CEO of the Federal Reserve Bank of San Francisco, Mary C. Daly, discusses the costs and benefits of conducting policy under different regimes.
About the Speaker:
As President of the San Francisco Fed, Ms. Daly serves the Twelfth Federal Reserve District in setting monetary policy. Prior to her current role, she was the executive vice president and director of research at the San Francisco Fed, which she joined in 1996.
Ms. Daly has served as an advisor to the Congressional Budget Office, the Social Security Administration, the Institute of Medicine and the Library of Congress. She has also been a visiting professor at Cornell University and the University of California, Davis. Ms. Daly holds a Ph.D. in economics from Syracuse University, an M.S. degree from the University of Illinois at Urbana-Champaign, and a B.A. from the University of Missouri-Kansas City.
IIEA Talks
The European Security Architecture finds itself at a crossroads. After decades of reduced military spending in Europe, Russia’s war against Ukraine has reminded the rest of Europe of the relevance of its own security and defence capabilities which have long been considered to be obsolete, or taken for granted by the United States. But what if Russia’s attack on Ukraine and the rules-based international order succeeds? What implications would this have for European security, and how should European states prepare for such a scenario?
This event has been organised in conjunction with the Konrad Adenauer Stiftung (KAS), UK and Ireland
Speaker bio:
Professor Dr Carlo Masala is a renowned German expert on military and security policy. He holds the Chair for Security and Defence Studies at the University of the Bundeswehr Munich and has published extensively on international relations, NATO and European security. He is the author of the bestselling book ‘If Russia Wins’, published in 2025, which has topped charts across Europe and cemented his reputation as a leading voice in geopolitics.
