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46th ECONOMICS CONFERENCE 2019 of the OeNB in cooperation with SUERF


Publisher and Editor: Oesterreichische Nationalbank
Scientific coordinators: Ernest Gnan and Martin Summer

The Economics Conference hosted by the OeNB is an international platform for exchanging views on monetary and economic policy as well as financial market issues. It convenes central bank representatives, economic policy decision makers, financial market players, academics and researchers.




Opening remarks
Ewald Nowotny

Keynote Lecture: European Economic and Monetary Union: from the past into the future
Jean-Claude Trichet

Session 1: Toward a better EMU: past lessons, structural adjustments

Luiz de Mello
Making the most of the EMU: Challenges and opportunities for structural reforms

Peter Mooslechner
20 years of EMU, 10 years in crisis mode: What might the future “new normal” of monetary policy look like? 

Session 2:  Monetary and financial stability
Andreas Ittner
Macroprudential policy complements ECB monetary policy

Ed Sibley
Monetary and financial stability: the implications for prudential supervision 

Martin Wolf
Escaping the trap: secular stagnation, monetary policy and financial fragility 

Session 3: Monetary and fiscal stability

Ernest Gnan
Monetary and fiscal stability – a post-crisis view on a complex relationship

Gottfried Haber
Strengthened EU fiscal framework: fiscal discipline versus economic stabilization 

Ludger Schuknecht
Mitigating fiscal risks from the financial sector

Session 4 The international role of the euro
Martin Summer
The international role of the euro from different perspectives

Kerstin Jorna
From start-up to scale-up: the global role of the euro

Arnaud Mehl
The euro’s global role: past, present and future

Session 5: Digitalization of money: future challenges

Kurt Pribil
Remarks on digitalization of money and future challenges

Ulrich Bindseil
Controlling CBDC through tiered remuneration 

Andrei Kirilenko
On crypto assets 

Session 6: Completing European Economic and Monetary Union

Doris Ritzberger-Grünwald
Completing European Economic and Monetary Union: next steps

Bruno Cabrillac
Integration and convergence in the EMU: a complex dynamic

Isabel Schnabel
Reconciling risk sharing with market discipline: a constructive approach to euro area reform


Download the Conference Proceedings

European Economic and Monetary Union: The first and the next 20 yearsEuropean Economic and Monetary Union: The first and the next 20 years

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