What have we learned from the crisis and how to move on?

Published: 29/6/2011

Several tens of distinguished financial experts have gathered at the 17th Dubrovnik Economic Conference, organised by the Croatian National Bank, to participate in two-day discussions of some of today's most pressing issues and their possible solutions, as well as uncertainties facing the world and, particularly, emerging market countries which also include Croatia. The main objective of the Conference is to present and exchange different experiences, viewpoints and approaches, in order to show the lessons that can be learned from turbulent recent events in international and domestic monetary and economic relationships, and to provide useful guidelines for future action and development.

In keeping with this, the Conference agenda includes the following topics: "Running for the Exit: International Banks and Crisis Transmission", "Foreign Banks and Financial Stability in Emerging Markets: Evidence from the Global Financial Crisis", "Lending Activity and Credit Supply to Firms During the Crisis", "Sustainable Financial Obligations and Crisis Cycles", "Credit Euroization in Central, Eastern and South-eastern Europe", "Monetary and Financial Policies for "De-euroization - a Case Study of Recent Croatian Experience", "Measuring Systemic Risk", "Has the Global Banking System Become More Fragile over Time?", "Competition and Inflation in Central, Eastern and South-eastern Europe", and "What Failed and What Worked in the Past Attempts at Fiscal Adjustments?"

Moreover, two panel discussions are expected with exceptional interest - a central bankers' discussion on post-crisis monetary policy challenges in "New Europe", and a discussion among researchers and commercial bankers on different aspects of crisis response.

Among the Conference participants are the representatives of the World Bank and International Monetary Fund, European Central Bank, European Bank for Reconstruction and Development, Bank for International Settlements, the central banks of Hungary, Poland, Romania, Czech Republic, the Netherlands, Korea and Croatia, as well as the representatives of domestic and foreign commercial banks. The list of participants also includes researchers from renowned university institutions, such as Stern School of Business at the New York University, Frankfurt School of Finance & Management, Vienna University (Wirtschaftsuniversität Wien), University of Toronto, CERGE-EI, Prague, University of Helsinki and Florida International University.