The Crisis in the Euro-Area
23/05/2013 (Conferences)
Bank of Greece
Thursday, May 23, 2013
Welcome Remarks
George Provopoulos
Governor, Bank of Greece
Keynote Speech
Vitor Constâncio
Vice President
European Central Bank
“The design of euro-area banking institutions in light of the crisis”
Session 1: Perspectives on the Euro-Area Crisis
Chair: Helen Louri
Deputy Governor
Bank of Greece
Seppo Honkapohja
Deputy Governor
Bank of Finland
“The euro crisis: a view from the North”
Discussant: Dimitris Malliaropulos
Director
Bank of Greece
Discussion
Barry Eichengreen*
George C. Pardee and Helen N. Pardee Professor of Economics
and Political Science
University of California, Berkeley
Naeun Jung
University of California, Berkeley
Stephen Moch
Princeton University
Ashoka Mody
Princeton University
“The Eurozone crisis: phoenix miracle or lost decade?”
Discussant: Apostolos Philippopoulos
Professor of Economics
Athens University of Economics and Business
Discussion
Session 2: Economic Theory in Light of the Euro-Area Experience
Chair: Theodore Palivos
Professor of Economics
Athens University of Economics and Business
John Geanakoplos
James Tobin Professor of Economics
Yale University
“What caused the 2007-9 crisis, how I think we should have prevented it,
fixed it and what to do now”
Discussant: Nikos Vettas
Professor of Economics
Athens University of Economics and Business
Discussion
Costas Azariadis
Professor of Economics
Edward Mallinckrodt Distinguished University Professor in Art & Sciences
Washington University in St. Louis
“Credit policy in times of financial distress”
Discussant: Harris Dellas
Professor of Economics
University of Bern
Discussion
Session 3: Fiscal Policy and Sovereign Debt
Chair: George Tsetsekos
George B. Francis Professor of Finance
Drexel University
Paul De Grauwe*
John Paulson Chair in European Political Economy
Head of the European Institute
The London School of Economics and Political Science
Yuemei Ji
University of Leuven
“Fiscal policy in monetary union”
Discussant: George Hondroyiannis
Deputy Director
Bank of Greece
Discussion
Michael Wickens
Professor of Economics
University of York
“How the crisis evolved: EMU, Fiscal Policy and Sovereign Debt”
Discussant: Dimitris Sideris
Head of Econometric Forecasting Section
Bank of Greece
Discussion
Heracles Polemarchakis
Professor of Economics
University of Warwick
“The debt of nations”
Discussant: Yannis Ioannides
Max and Herta Neubauer Chair
Professor of Economics
Tufts University
Discussion
Friday, May 24, 2013
Session 4: Monetary Policy and Single Currency Areas
Chair: Heather Gibson
Director-Advisor
Bank of Greece
Charles Goodhart
Emeritus Professor
The London School of Economics and Political Science
“Lessons for monetary policy from the euro-area crisis”
Discussant: Gikas Hardouvelis
Professor of Finance
University of Piraeus
Discussion
Lucrezia Reichlin
Professor of Economics
London Business School
“Monetary aspects of the euro-area crisis”
Discussant: Mike Tsionas
Professor of Economics
Athens University of Economics and Business
Discussion
Session 5: Historical Perspectives
Chair: George Tavlas
Bank of Greece
Michael Bordo
Board of Governors Professor of Economics and Director of the Center for Monetary and Financial History
Rutgers University
Harold James*
Claude and Lore Kelly Professor in European Studies and Professor of History and International Affairs
Princeton University
“The European crisis in the context of the history of previous financial crises”
Discussant: Nikolaos Christodoulakis
Professor of Economics
Athens University of Economics and Business
Discussion
Session 6: Country Perspectives: The View from the Periphery
Chair: Theodore Palivos
Professor of Economics
Athens University of Economics and Business
The Case of Greece
Heather Gibson
Director-Advisor
Bank of Greece
Stephen Hall*
Professor of Economics
University of Leicester
George Tavlas
Bank of Greece
“The determination of bond yield spreads in Greece and the euro area: What can they tell us about the crisis”
Discussant: Elias Tzavalis
Professor of Economics
Athens University of Economics and Business
Discussion
The Case of Ireland
Karl Whelan
Professor of Economics
University College Dublin
“Ireland’s economic crisis: the good, the bad and the ugly”
Discussant: Thomas Moutos
Professor of Economics
Athens University of Economics and Business
Discussion
The Case of Portugal
Anabela Carneiro
Universidade do Porto and CEF.UP
Pedro Portugal*
Senior Researcher, Bank of Portugal
Professor of Economics, Universidade Nova de Lisboa
José Varejão
Universidade do Porto and CEF.UP
“Catastrophic job destruction”
Discussant: Daphne Nicolitsas
Deputy Director
Bank of Greece
Discussion