June 29 − July 2, 2005
Dubrovnik, Croatia
Dubrovnik, Croatia
SCIENTIFIC COMMITTEE
- Mr. Željko Rohatinski, Chairman, Governor of the Croatian National Bank
- Mr. Boris Vujčić, Vice Chairman, Assistant Professor, Deputy Governor of the Croatian National Bank
- Mr. Mario I. Blejer, Member, Director of the Centre for Central Banking Studies, Bank of England
- Mr. Jacob A. Frenkel, Member, Vice Chairman of the American International Group, Inc.
- Mr. Paul Wachtel, Member, Professor, New York University, Leonard N. Stern School of Business,
ORGANIZING COMMITTEE
- Mr. Tomislav Presečan, Chairman, Vicegovernor of the Croatian National Bank, Chairman of the Committee
- Ms. Nina Srkalović, Head of the Office of the Governor, Deputy Chairwoman of the Committee
- Ms. Mirjana Šipić, Senior Advisor in the Accounting Department, Member of the Committee
- Ms. Vanja Orešković, Associate in the Office of the Governor, Secretary of the Committee
LIST OF PARTICIPANTS
(participation by invitation only)
PAPERS
Session I
- Jürgen von Hagen and Guntram B. Wolff: What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU
PRESENTATION
Comments by Athanasios Vamvakidis - Gian Maria Milesi-Ferretti and Kenji Moriyama: Fiscal Adjustment in EU Countries: A Balance Sheet Approach
PRESENTATION
Comments by Paul Wachtel
Session II
- Max Watson: Financial Stability during Convergence: Is Fiscal Policy the Right Regulator?
PRESENTATION - Gábor Orbán and György Szapáry: The Stability and Growth Pact and its Reform from the Perspective of the New Member States
PRESENTATION
Comments by Neven Mates
Session III
- E. Borensztein, M. Chamon, O. Jeanne, P. Mauro, J. Zettelmeyer: Sovereign Debt Structure for Crisis Prevention
PRESENTATION
Comments by Maroje Lang - Michael D. Bordo and Christopher M. Meissner: The Role of Foreign Currency Debt in Financial Crises: 1880-1913 vs. 1972-1997
PRESENTATION
Session IV
- Katja Gattin - Turkalj: Estimates of the Fundamental Equilibrium Exchange Rate of Kuna
PRESENTATION - Balázs Égert, Amina Lahreche-Révil, Kirsten Lommatzsch: The Stock-Flow Approach to the Real Exchange Rate of CEE Transition Economies
PRESENTATION
Comments by Boštjan Jazbec
Session V
- Thorsten Leo Beck and Luc Laeven: Institutions Building and Growth in Transition Economies
Comments by Oleh Havrylyshyn - Romain Ranciere, Aaron Tornell and Frank Westermann: Crisis and Growth: A Re-evaluation
Comments by Randall K. Filler
Session VI
- José Manuel Campa and Ignacio Hernando: M&As Performance in the European Financial Industry
PRESENTATION - Charles A.E. Goodhart: A Framework for Assessing Financial Stability?
PRESENTATION
Comments by Piroska M. Nagy
PANEL DISCUSSION
- Mario I. Blejer: Financial Stability and Financial Efficiency
- Giorgio Szeg: Banks: From Planned to Market Economy in EU