04-06-2019 - Bucharest (RO)

Monetary Commission Conference

The main topic of the conference is:    "Convergence towards euro enlargement"

 The conference will be preceded by a welcome dinner on the 3rd of June (7:00 pm - 9:00 pm), hosted by the National Bank of Romania.


Venue of the welcome dinner: NBR Training and Social Events Facility Center (42, Dr Nicolae D. Staicovici Str, Sector 5 – Bucharest)


Venue of the Conference: National Bank of Romania - Anton Carp Room (25 Lipscani Street, 030031 Bucharest)


Chairman of the Conference: Dr. Wim Boonstra, President of ELEC International’s Monetary Commission, Special Economic Adviser at Rabobank  Utrecht, Professor of Money and Banking at VU University, Amsterdam


Official language of the Conference: English, with no translation into any other language


09:30: Opening Session 

  • Mr. Radu Deac, President of ELEC Romania: Opening address
  • Dr. Wim Boonstra, President of ELEC International’s Monetary Commission
  • Dr. Mugur Isărescu, Governor of the National Bank of Romania: Welcoming address

10:30 -12:30: Key-note speech & 1st  Panel

Key–note Speaker for the 1st Panel: Marco Valli, Head of Macro Research, UniCredit Bank SA

Key-note topic:   ECB’s monetary policy normalization: conditions and consequences

Moderator of the 1st Panel: Wim Boonstra                       


Panel I:  ECB’s monetary policy normalization: conditions and consequences:  focus: the state of the euro area economy, the consequences of policy normalizaiton for growth, fiscal sustainability etc, as well as the impact of this normalization on the real convergence process in the ’new’ member states, with particular focus on Bulgaria and Romania


Members of the 1st Panel:

  • H.J. Klöckers, DDG International Affairs, ECB
  • M. Bergmann, Director ECFIN, EC
  • Bulgarian perspective – (tbd)
  • Romanian perspective: Valentin Lazea, Chief Economist, NBR
  • Romanian Government representative – (tbd)


12:30 – 13:00: Coffee Break  

13:00 – 15:00: Key-note speech & 2nd Panel

Key–note Speaker for the 2nd Panel: Gabriele Giudice, Head of Unit, ECFIN, EC (tbc)                              

Moderator of the 2nd Panel: Servaas Deroose (former Deputy Director-General, ECFIN, EC)     


Panel II: European sovereign debt crisis: lessons learned and key challenges: focus: how well is Europe equipped in case of a new financial crisis? how effective are preventive and corrective instruments? What is still missing and absolutely indispensible? What international role for the euro? What does it imply for future euro area participants like Bulgaria and Romania?


Members of the 2nd Panel:

  • Jeffrey Franks, Director of the IMF Offices In Europe
  • Szolt Darvas (Breugel)
  • Bulgarian perspective – (tbc)
  • Romanian perspective: Andrei Radulescu, Chief Economist, Banca Transilvania SA


15:00 – 15:30: Conclusions: Baron Bernard Snoy, President of ELEC International

15:30 – 16:30:  Walking Lunch

19:30 – 22:30: Relaxing dinner at Restaurant Isoletta (subject to subsequent confirmation due to limited seats)


In the Grand Hotel Continental, a limited number of rooms is available:

Superior Room – single use - 140 euro / night*

Superior Room – double use - 150 euro / night*


A reservation can be made by using this link: https://grand-hotel-continental-bucuresti.continentalhotels.ro/, using the code : ELEC

The cut-off date for the latest reservation is April 12th, 2019, 12'o clock!


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