OeNB - Ost/West-Konferenz der Oesterreichischen Nationalbank

"Konvergenz und Divergenz in Europa"

Wien (OTS) - Die diesjährige Ost/West-Konferenz der Oesterreichischen Nationalbank steht unter dem Thema
"Konvergenz und Divergenz in Europa" und findet vom 5. bis
6. November 2001 im Hotel Intercontinental in Wien statt.

Die Veranstaltung unternimmt einerseits eine
Bestandsaufnahme und kritische Analyse der bisherigen Konvergenzprozesse innerhalb der Europäischen Union bzw. des Euroraums. Andererseits behandelt die Konferenz die Frage,
inwieweit ein Aufholprozess der EU-Beitrittskandidaten in Bezug
auf Wohlstand und Anpassung der Volkswirtschaften an marktwirtschaftliche Strukturen stattfindet bzw. bereits stattgefunden hat. Als Referenten und Diskutanten konnten hochrangige Vertreter aus Zentralbanken, europäischen und internationalen Organisationen sowie der Wissenschaft gewonnen werden.

Die Inhalte und Referenten können dem im Anhang angefügten Programm bzw. der web-page www.oenb.at der OeNB entnommen
werden.

Eröffnet wird die Konferenz durch die Vize-Gouverneurin der Oesterreichischen Nationalbank, Dr. Gertrude Tumpel-Gugerell.
Den Tagungsvorsitz führen Vize-Gouverneurin Dr. Gertrude Tumpel-Gugerell, hohe Vertreter der Europäischen und der französischen Zentralbank sowie weitere Führungskräfte der OeNB und Vertreter des Wiener Instituts für internationale Wirtschaftsvergleiche (WIIW).

East-West Conference 2001: Convergence and Divergence in Europe

Sunday, November 4

7:00 p.m. Welcome Cocktail
Hotel Inter Continental

Monday, November 5

8:00 a.m. Registration

8:45 a.m. Welcome Remarks
Gertrude TUMPEL-GUGERELL
Vice Governor, Oesterreichische Nationalbank

9:00 a.m. Session I:
Introductory Session

Chair:
Gertrude TUMPEL-GUGERELL
Vice Governor, Oesterreichische Nationalbank

Speakers:
Ivan T. BEREND
Professor, University of California Los Angeles
The History of Convergence and Divergence in
Europe
Vitor GASPAR
Director General, European Central Bank
Francesco MONGELLI
Adviser to the Director General Economics,
European Central Bank
European Monetary Unification and the Single
Market

10:00 a.m. Coffee Break

10:30 a.m. Session II:

Past Convergence within Europe

Chair:
Peter MOOSLECHNER
Director, Oesterreichische Nationalbank

Speakers:
Doris RITZBERGER-GRÜNWALD
Deputy Head, Oesterreichische Nationalbank
Maria Antoinette DIMITZ
Economist, Foreign Research Division,
Oesterreichische Nationalbank
Angel DE LA FUENTE
Professor, Universidad Autónoma de Barcelona Development of Regional Disparities and
Determinants for Successful Regional Developments
in Catching-Up Countries: The Case of Spain.
Comments on the Impact of Regional and Structural
EU Policies.
Michael STEINER
Professor, Joanneum Research, University Graz
Case Study of the Restructuring of Industrial
Regions within the Present EU: The Case of Styria. Comments on Lessons for Other Regions.

12:00 a.m. Special Topic:

German Re-Unification: A Special Case with General Lessons?
Speaker:
Karl-Heinz PAQUE
Professor, Otto-von-Guericke-University Magdeburg

12:30 a.m. Buffet lunch

2:00 p.m. Keynote Speech:
Xavier SALA-I-MARTIN
Professor, Columbia University
Convergence and Divergence Theoretical
Underpinnings

2:45 p.m. Session III:
Accession Countries:
Achievements in Real Convergence

Chair:
Pierre VAN DER HAEGEN
Director General, European Central Bank

Speakers:
János GÁCS
Project Leader, International Institute for
Applied Systems Analysis - IIASA
Catching-Up and Structural Change
Jozef KONINGS
Professor, LICOS, Catholic University of Leuven Privatization and Structural Change in Enterprises Roman RÖMISCH
Research Economist, The Vienna Institute for International Economic Studies - WIIW
Development of Regional Disparities within
Accession Countries
Jarko FIDRMUC
Economist, Foreign Research Division,
Oesterreichische Nationalbank
Iikka KORHONEN
Economist, Bank of Finland - BOFIT
Optimal Currency Area between the EU and Accession Countries: The Status Quo

4:45 p.m. Coffee Break

5:00 p.m. Session IV:
Accession Countries:
How to Balance Real and Nominal Convergence? - Challenges for Monetary and Exchange Rate Policy

Chair and introductory statement:
Peter MOOSLECHNER
Director, Oesterreichische Nationalbank

Round Table with Heads of Research from the
Central Banks of Some Accession Countries:

Ales CAPEK
Executive Director, Czech National Bank
Uroš CUFER
Director, Bank of Slovenia
Pawel DURJASZ
Director, National Bank of Poland
István HAMECZ
Head of Economics Department,
National Bank of Hungary
Marian NEMEC
Head of the Institute of Monetary and Financial Studies, National Bank of Slovakia
Märten ROSS
Vice Governor, Bank of Estonia

7:30 p.m. Gala Dinner
Keynote Speaker
Leszek BALCEROWICZ
President
National Bank of Poland

Tuesday, November 6

9:00 a.m. Session V:
Does the Financial Sector Contribute to Real
Growth?

Chair:
Eduard HOCHREITER
Senior Adviser and Head, Economic Studies
Division, Oesterreichische Nationalbank

Speakers:
Joseph BISIGNANO
Senior Adviser, Bank for International Settlements Experiences within Developed Industrial Countries:
Importance of the Financial Sector for Real Sector Developments
Andy MULLINEUX
Professor, University of Birmingham
Current State and Outlook for the Financial Sector
in Accession Countries: Structure of Banking
Sectors and Capital Markets - Convergence to the
EU
Franz SCHARDAX
Economist, Foreign Research Division,
Oesterreichische Nationalbank
Current State and Outlook for the Financial Sector
in Accession Countries: Financial Intermediation between Savings and Real Investments

10:30 a.m. Coffee break

11:00 a.m. Session VI:

Is There Somebody Left Out in the Cold? Prospects
of CEE Countries Other Than Current Accession
Countries

Chair:
Michael LANDESMANN
Professor, The Vienna Institute for International Economic Studies - WIIW

Speakers:
George STUBOS
Adviser to the Governor, Bank of Greece
Western Balkan Countries:
Catching-Up with the Catching-Up Economies of
Central and Eastern Europe
Hermann CLEMENT
Executive Director, Osteuropa-Institut München
Russia and Ukraine:
- Preconditions for Catching-Up
- Understanding Regional Disparities within these Countries
- Economic Ties with the Present and with the
Future Enlarged EU

12:15 p.m. Lunch

Luncheon speech:
Klaus LIEBSCHER
Governor, Oesterreichische Nationalbank

2:00 p.m. Session VII:
Policy Challenges Within the (Enlarged) EU: How to Foster Economic Convergence?

Panel Discussion
Chair and introductory statement:
Jean-Pierre PATAT
Director General, Banque de France

Panelists:
Val KOROMZAY
Director, Country Studies Branch, OECD
Vasco CAL
General Co-ordinator of the Cohesion Report,
European Commission
Judy BATT
Professor, University of Birmingham
Stanislaw GOMULKA
Professor, London School of Economics

Open to Questions by the Audience as well as to Questions Received Via the Internet

4:00 p.m. Presentation of the Olga Radzyner Award

Concluding Remarks
Gertrude TUMPEL-GUGERELL
Vice Governor, Oesterreichische Nationalbank

4:30 p.m. End of Conference

Rückfragen & Kontakt:

Sekretariat des Direktoriums/
Öffentlichkeitsarbeit
Tel.: +43-1-40420-6666
www.oenb.at

Oesterreichische Nationalbank

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