wiiw Seminar Series, 'Crisis Management in Central, East and Southeast Europe: What is to be done?'

The wiiw seminar series 'Crisis management in Central, East and Southeast Europe: What is to be done?' addresses the impact of the global financial and economic crisis on the CEE, SEE and CIS countries and discusses possible policy responses.
The crisis has hit each economy of the region but the depth and characteristics of the crisis vary from country to country depending on factors such as the openness of the economy to international trade, the extent of public and private debt, the manoeuvring room for the fiscal policy, the exchange rate regime, the share of foreign ownership in the banking system, and last but not least political economy issues.
Though policy responses in the countries concerned may partly be similar to those in highly developed countries, the generally lower level of development, the relatively young and shallow financial sector and finally the outstanding role of foreign ownership both in the banking system and in manufacturing call for innovative solutions which extensively take into consideration the specific circumstances of these countries.
Innovative solutions necessitate, among others, a critical assessment of previous experiences with crises in the countries concerned and in other countries of the world economy but also flexibility and readiness to find new solutions.
External support is indispensable here and it necessitates a reconsideration of philosophy and practice of international financial institutions like the ECB and the IMF as well as that of the European Commission.
Discussing the ways of efficient crisis management both by the countries concerned and the international institutions are the focus of this seminar series.

04  October 2010    4:00 pm

The Euro Area Crisis: What Went Wrong? What Should be Changed? What Could We Change?

Christian Ghymers, Senior Adviser DG ECFIN European Commission and JVI

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13  September 2010    4:00 pm

Financialization and Financial Crisis: Revisiting Keynesianism

Amit Bhaduri, Jawaharlal Nehru University, Indian Council of Social Development and Pavia University

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21  June 2010    5:00 pm

Slovakia after the June 2010 Elections: Economic and Political Choices

Julius Horvath, Central European University

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26  May 2010    5:00 pm

Maynard's Revenge: The Collapse of Free Market Macroeconomics

Lance Taylor, New School for Social Research, New York

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17  May 2010    5:00 pm

Trade Winds and Doldrums: Navigating the Great Recession and its Impact on Trade

Joseph Francois, Johannes Kepler University Linz, and Julia Wörz, OeNB

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10  May 2010    5:00 pm

Economic Crisis and its Impact on Pension Schemes and Benefits

Ashgar Zaidi, Director Research, European Centre Vienna

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12  April 2010    5:00 pm

The World Crisis and the International Monetary System: Revisiting the Triffin’s Dilemma

Christian Ghymers, DG ECFIN, European Commission and JVI

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08  February 2010    5:15 pm

Monetary Policy Rules with Financial Instability

Ales Bulir, IMF

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27  January 2010    4:00 pm

Development Through Financial Integration? Lessons from Emerging Europe

Jeromin Zettelmeyer, EBRD

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25  January 2010    11:00 am

Labour Outflows and Economic Convergence in the New Member States: Theoretical and Historical Perspectives

Allan Brunner, IMF, European Department

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14  December 2009    5:00 pm

Hungary’s Macroeconomic Policies in the Shadow of the Global Crisis

George Kopits, Chairman of the Hungarian Fiscal Council

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23  November 2009    5:00 pm

Response to the Economic Crisis in Ukraine and the Medium-term Outlook

Ruslan Piontkivsky, World Bank, regional office Kiev

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19  November 2009    5:00 pm

Politics versus Economics: the Case of Romania

Valentin Lazea, National Bank of Romania

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22  October 2009    5:00 pm

How the Global Economy Became a House of Cards, and What Lies Ahead

Peter Isard, IMF Institute

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30  June 2009    1:00 pm

The Impact of Global Economic Crisis on Post-transition Economies: A Sign of Incomplete Transition or Market Reality?

Oleh Havrylyshyn, University of Toronto

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08  June 2009    5:00 pm

The Interlocked Nature of the Crisis between the Financial and the Real Sector

Amit Bhaduri, Jawaharlal Nehru University and Indian Council of Social Development, New Delhi

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25  May 2009    5:00 pm

Changing IMF: Models and Programmes

Vladimir Gligorov, wiiw

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15  May 2009    1:30 pm

The Perplexing Aspects of a Truly Global Financial Crisis

Adam S. Posen, Peterson Institute for International Economics, Washington DC

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