11th Dubrovnik Economic Conference

PROGRAM
updated July 5, 2005

Wednesday, June 29, 2005
8:00 p.m. Welcome Cocktail/Dinner
A word from Organizing Committee
Thursday, June 30, 2005
09:00-09:30 a.m. Opening session
A word from Scientific Committee
 
09:30-11:00 a.m. Session I

Chairwoman: Martina Dalić

Paper 1: Jüergen Von Hagen and Guntram Wolff - What Do Deficits Tell us About Debt? Empirical Evidence on Creative Accounting with Fiscal Rules in the EU

Discussant: Athanasios Vamvakidis

Paper 2: Gian Maria Milesi-Ferretti and Kenji Moriyama - Fiscal Adjustment in EU Countries: A Balance Sheet Approach

Discussant: Paul Wachtel
 
11:00-11:30 a.m. Coffee Break
11:30-1:00 p.m. Session II

Chairman: Mate Babić

Paper 1: Max Watson - Financial Stability during Convergence: Is Fiscal Policy the Right Regulator?

Discussant: Ricardo Lago

Paper 2: György Szapáry and Gábor Orbán - The Stability and Growth Pact from the Perspective of the New Member States

Discussant: Neven Mates
 
1:00-3:00 p.m. Lunch
Luncheon Speech: Maria Asenius (EU Commission): Perspectives of the EU Enlargement
3:00-4:30 p.m. Session III

Chairman: Erik F. Nielsen

Paper 1: Michael D. Bordo and Christopher M. Meissner - The Role of Foreign Currency Debt in Financial Crises: 1880-1913 vs. 1972-1997

Discussant: Carlo Cottarelli

Paper 2: Eduardo Borensztein, Marcos Chamon, Olivier Jeanne, Paolo Mauro and Jeromin Zettelmeyer - Sovereign Debt Structure for Crisis Prevention

Discussant: Maroje Lang
 
4:30-5:00 p.m. Coffee Break
5:00-6:30 p.m. Session IV

Chairman: Tomislav Presečan

Paper 1: Katja Gattin Turkalj - Estimates of the Fundamental Equilibrium Exchange Rate of Kuna

Discussant: Dimitri G. Demekas

Paper 2: Balász Égert, Amina Lahrèche-Révil and Kirsten Lommatzsch - The Stock-Flow Approach to the Real Exchange Rate of CEE Transition Economies

Discussant: Boštjan Jazbec
 
8:30 p.m Dinner

Friday, July 1, 2005
09:00-10:30 a.m. Session V

Chairman: Albert Martinez

Paper 1: Thorsten Leo Beck and Luc Laeven - Institutions Building and Growth in Transition Economies

Discussant: Oleh Havrylyshyn

Paper 2: Romain Rancière, Aaron Tornell and Frank Westermann - Crisis and Growth: A Re-evaluation

Discussant: Randall K. Filer
 
10:30 - 11:00 Coffee Break
11:00 - 12:30 Session VI

Chairman: Ante Čičin Šain

Paper 1: José Manuel Campa and Ignacio Hernando - M&As Performance in the European Financial Industry

Discussant: Evan Kraft

Paper 2: Charles A.E. Goodhart - A Framework for Assessing Financial Stability?

Discussant: Piroska M. Nagy
 
1:00-3:00 p.m. Lunch
3:00-4:30 p.m. Panel Discussion – Implications of Financial Stability

Chairman: Boris Vujčić

Discussants:

Fernando Montes - Negret
Giorgio P. Szegö
Stephen S. Poloz
Mario I. Blejer
 
4:30-5:00 p.m. Closing session
8:00 p.m Dinner

Saturday, July 2, 2005

Whole day trip