Narodowy Bank Polski


Research & Conferences


2nd edition of the Annual NBP Conference on The Future of the European Economy


Thursday, 18th October 2012

  8:00 –   9:00 Registration of participants and welcome coffee
  9:00 –   9:10 Welcome address by Marek Belka, President, National Bank of Poland
  9:10 –   9:20 Reading of a letter from Bronisław Komorowski, President of the Republic of Poland
Jerzy Osiatyński, Adviser to the President of the Republic of Poland
  9:20 –   9:30 Welcome address by Donald Tusk, Prime Minister of the Republic of Poland (to be cofirmed)
  9:30 –   9:40 Address by Andrea Enria, Chairperson, European Banking Authority
  9:40 – 10:00 Coffee break
10:00 – 11:00
Panel I
What kind of political integration might revitalise the European project?
How to solve Dani Rodrik’s “fundamental political trilemma” in the European context?
  • What are the optimal parameters of the European project?
  • What changes in the design of the European project are desirable at the current juncture?
  • Is it feasible to move the European project towards its desired form in the short-term?

Chairperson: Andras Simor, Governor, Magyar Nemzeti Bank


  • Iain Begg, Professorial Research Fellow, London School of Economics and Political Science
  • David Marsh, Chairman, Offi cial Monetary and Financial Institutions Forum
  • Dani Rodrik, Professor of International Political Economy, Harvard University
  • Nils Daniel Tarschys, Professor of Political Science, Stockholm University
11:00 – 12:00
Panel II
The growing role of the CEE in the EU
  • How could the CEE contribute to the reinvigoration of the European project?
  • How do the CEE judge their abilities in pulling the European project out of crisis?
  • What is the perspective of the older EU Member States regarding the role of the CEE?

Chairperson: Dariusz Filar, Member of the Economic Council to the Polish Prime Minister


12:00 – 13:30 Lunch
13:30 – 14:30
Panel III
The CEE countries’ choices
– reassessing the value of the option to wait with euro adoption
  • Should we reassess the cost of resignation of the monetary policy?
  • Do benefits from postponing the euro adoption outweigh its costs?
  • Are the floating exchange rates really destabilizing?

Chairperson: Marko Kranjec, Governor, Bank of Slovenia


14:30 – 15:30
Panel IV
Excessive imbalances procedure and the CEE countries
  • Is the new EIP adjusted to the characteristics of the CEE?
  • What indicators are most suitable for catching-up economies?
  • Are the EIP and EDP going to be exhaustive in preventing the build-up of imbalances in the CEE?

Chairperson: Mugur Constantin Isărescu, Governor, National Bank of Romania


15:30 – 15:45 Coffee break
15:45 – 16:45
Panel V
“Crystal Ball”: European Union 10 years after the euro zone crisis
  • Is the European Union doomed to gradual marginalization?
  • Would the CEE be at the forefront of EU integration?
  • What is the perspective for the US and emerging economies?

Chairperson: Karnit Flug, Deputy Governor, Bank of Israel


16:45 – 17:00 Closing remarks: Marek Belka, President, National Bank of Poland

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Świętokrzyska 11/21
00-919 Warszawa

+48 22 185 10 00
NIP: 525-000-81-98
REGON: 000002223
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