Implications of the Global Financial Crisis on the Financial Stability of Emerging Europe

Annual Regional Seminar on Financial Stability Issues, organised by the National Bank of Romania in cooperation with the International Monetary Fund, Sinaia, Romania, 22-24 September 2010


PROGRAM

Opening Remarks by the NBR - Cristian Popa Deputy Governor, NBR

Opening Remarks by the IMF/MCMD - Joseph Crowley, Senior Economist, IMF

Session 1.1 – To what extent has the crisis affected the emerging European Countries’ financial system? Has it had a uniform impact on the regional countries?

“Update on the impact of the global Financial Crisis in Emerging European Countries – Current Macroeconomic Trends”

Key speakers: Joseph Crowley, IMF, Yulia Makarova, IMF

Session 1.2 – Discussions / Country presentations

Gergely Fabian, Magyar Nemzeti Bank,
Boris Petrov, Bulgarian National Bank,
Florin Bălăuţă, NBR

Session 2.1 – The impact of the growing regional banking systems’ interconnections

“Stress Testing after the Global Financial Crisis”

Key speaker: Heiko Hesse, IMF

Session 2.2 – Discussions / Country presentations

Virgil Dăscălescu, NBR
Horaţiu Lovin, NBR

Session 3.1 – Issues related to the foreign currency lending – possible measures to decrease it

Key speaker: Julia Uebeleis, Osterachische Nationalbank

Session 3.2 – Discussions / Country presentations

Sasa Cerovac, Croatian National Bank
Luminiţa Tatarici, NBR

Session 4.1 - The impact of the withdrawal of fiscal and monetary stimulus of the developed countries of the European emerging countries

Key speaker: Mark Allen, IMF

Session 4.2 – Discussions / Country presentations

Irina Răcaru, NBR

Session 5.1 – The impact of the EU changing regulatory framework on the emerging EU member states

Key speaker: Nikolaos Tsaveas, Bank of Greece

Session 5.2 – Discussions / Country presentations

Piotr Kasprzak, NBP,
Alexandru Stângă, NBR

Concluding remarks by the IMF and NBR - Joseph Crowley, IMF Ion Drăgulin, NBR

The presentations can be viewed here: IMPLICATIONS OF THE GLOBAL FINANCIAL CRISIS ON THE FINANCIAL STABILITY OF EMERGING EUROPE