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Central banks of Finland and Austria jointly organize Conference on European Economic Integration in Helsinki on November 26 and 27, 2012 

The special theme of this year's CEEI is
Achieving balanced growth in the CESEE countries

The economic crisis in several European countries has illustrated the importance of sustainable economic policies and of institutions promoting such policies. Achieving sustainable economic growth is of utmost importance in solving the current economic problems. In many cases, countries' economic difficulties are not just a result of adverse external shocks or even mistakes in economic policy, but rather reflect long-term problems inherent in economic and political institutions. At the CEEI 2012, we provide a forum for policymakers as well as academic and non-academic experts to discuss the prerequisites of balanced and sustainable economic development in the CESEE region, and also elsewhere. Topics covered range from the most recent challenges for the banking sector to the unwinding of large external imbalances.

Attendance by invitation only.

Programme (PDF)

Monday, November 26, 2012
8:30 Start of on-site registration and coffee

9:30 Opening remarks and chairs

Erkki Liikanen
, Governor, Suomen Pankki
Ewald Nowotny, Governor, Oesterreichische Nationalbank: Opening Remarks
"Achieving balanced growth in the CESEE countries"
10:00 Keynote lecture 1

Danny Quah, Professor, London School of Economics: “Balancing European transition and growth in a shifting world economy”
10:45 Keynote lecture 2

Seppo Honkapohja,Member of the Board, Suomen Pankki: “Restarting growth in Europe after the Great Recession”
11:30 Coffee break

12:00 Session 1: Stop and go of capital flows and deleveraging

Klaas Knot, President, De Nederlandsche Bank
Karolina Ekholm, Deputy Governor, Sveriges Riksbank: "Stop and go of capital flows and deleveraging"
Andrew Filardo, Head of Monetary Policy, Bank for International Settlements: “Managing stop-go capital flows in EM Asia: So far, so good”
Marek Dabrowski, Fellow, CASE - Center for Social and Economic Research: "Living in the world of free and turbulent capital flows – consequences for macroeconomic policy making"
Debora Revoltella, Director, European Investment Bank: “CESEE: economic adjustment and the new role of banks”
13:15 Lunch

14:45 Keynote lecture 3

Jouko Vilmunen, Head of Research, Suomen Pankki

Florencio López-de-Silanes, Professor of Finance, EDHEC Business School:
“Growth, institutions and human capital”

15:30 Session 2: Growth strategies of EU neighboring countries: Russia and Turkey

Peter Mooslechner, Director, Oesterreichische Nationalbank
Ahmet Faruk Aysan, Member of the Board, The Central Bank of the Republic of Turkey: “Whether new policy experiments alleviate the growth challenges for Turkey: A comparative perspective”     
Konstantin Sonin, Professor of Economics, New Economic School, Moscow: "Russia at crossroads: The challenge of reforming the economy without a political reform"

16:45 Presentation of the OeNB’s Olga Radzyner and Franz Weninger Awards
Ewald Nowotny, Governor, Oesterreichische Nationalbank

17:15 End of day 1

Tuesday, November 27, 2012


Session 3: Small-country experiences in economic adjustment

Pentti Hakkarainen, Deputy Governor, Suomen Pankki
Doris Ritzberger-Grünwald, Division Head, Oesterreichische Nationalbank: "Business cycle convergence or decoupling? Economic adjustment of CESEE countries during the crisis"
Dimitar Bogov, Governor, National Bank of the Republic of Macedonia: "South-Eastern Europe: Impacts from the crisis, vulnerabilities and adjustments"
Ardo Hansson, Governor, Eesti Pank: Economic adjustment in the Baltic countries”


Coffee break

11:45 Panel: A practitioner’s view

Andreas Ittner, Executive Director, Oesterreichische Nationalbank
Iikka Korhonen, Head of BOFIT, Suomen Pankki: "Foreign banks in Eastern Europe"
Gianfranco Bisagni, Head of Corporate and Investment Banking CEE, Deputy Head of CEE Division, UniCredit Bank Austria AG: "Banking outlook in Central Eastern Europe" 
Radovan Jelasic, Chief Executive Officer, Erste Bank Hungary: "Banks’ challenges in CEE"
Esa Tuomi, Senior Vice President, Head of Corporate & Institutional Banking, Poland and Baltic Countries, Nordea: "Presentation"

13:15 Closing of the conference

13:30 Farewell buffet lunch