SEEMHN

The Fifth Conference of the

South-Eastern European Monetary History Network (SEEMHN)

on Monetary Policy during Economic Crises: a comparative and historical perspective

16 April 2010, The Feriye Facilities, Ortakoy, Istanbul

Program Outline

Time	Authors Name		Affiliation			Name of the Paper
Welcoming Remarks
8.30	Şevket Pamuk		LSE and Boğaziçi University			Welcoming Remarks
8.35	M. İbrahim Turhan		Central Bank of Turkey			Opening Lecture
Invited Speaker
9.15	Eugene White		University of Rutgers, USA			The Forgotten Policy Instrument: Bank Supervision and Financial Crises
10.00	Coffee Break
Session 1: Regional and Comparative Studies I
Chair: M. İbrahim Turhan, Central Bank of Turkey
10.10	Kalina Dimitrova, Luca Fantacci, Ali C. Tuncer		Bulgarian National Bank; Bocconi University, Milan; LSE			Monetary Policy in Southeast Europe in the Transition from Bimetallism to the Gold Standard
10.50	Matthias Morys Martin Ivanov		University of York and Bulgarian Academy of Sciences			Business Cycles in South-East Europe 1870-1945
11.30	Coffee Break
Session 2: Regional and Comparative Studies II
Chair: Sophia Lazaretou, Bank of Greece
11.40	Michael Artis, George, Chouliarakis PKG Harishandra	University of Manchester			Business Cycle Synchronization since 1880
12.20	Eric Girardin	GREQAM:Professor of EconomicsUniversity Aix-Marseille 2, France			How long does it Take for a Coin to Sail Eastward? European Co‐movements, Bullion Inflows, and Inflation in the Ottoman Empire
13.00	Lunch
Session 3: The Crisis Experience of the Peripheral Countries in the First Era of Globalization (I)
Chair: Eugene White, University of Rutgers
14.00	Seyfettin Gürsel Şevket Pamuk	Bahçeşehir University LSE and Boğaziçi University		Macroeconomic Policy in Turkey during the Great Depression, 1929-1939
14.40	Federico Barbiellini Amidei Claire Giordano	Banca d’Italia; Economic and Financial History Division		Regulatory Responses to the "Roots of all Evil": the re-Shaping of the Bank-Industry-Financial Market Interlock in the US Glass-Steagall and the Italian 1936 Banking Acts
15.20	Amélia Branco, Nuno Valério, Rita Martins de Sousa	Universidade Técnica de Lisboa Rua Miguel Lupi, Lisboa, Portugal		Monetary Policy during two Crises in a Semi-Peripheral Economy – Portugal, 1891 and 1929
16.00	Coffee Break
Session 4: The Crisis Experience of the Peripheral Countries in the First Era of Globalization (II)
Chair: Sevket Pamuk, London School of Economics
16.10	Sophia Lazaretou	Economic Research Department, Bank of Greece		Financial Crises and Financial Market Regulation: the Long Record of an ‘Emerger’
16.50	Branko Hinic Milan Sojic Ljiljana Djurdjevic	National Bank of Serbia		Monetary Policy in the Kingdom of Yugoslavia During the Great Depression (1929-1934)
17.30	Coffee Break
Session 5: The Crisis Experience of the Peripheral Countries in the First Era of Globalization (III)
Chair: Matthias Morys; University of York
17.40	Yuksel Gormez Serkan Yigit		Central Bank of Turkey			Monetary Policy under Stress: Lessons from Turkey
18.20	Arta Pisha Besa Vorpsi		Bank of Albania			Monetary Policy in Albania During 20^th Century Economic Crises: A Comparative and Historical Perspective
19.00	Martin Pontzen Franziska Schobert		Bundesbank			Central Bank Losses - The Case of The Bundesbank after the Breakdown of the Bretton Woods System
Parallel Session
Parallel Session I: Economic Recession and Financial Instability
Chair: Martin Pontzen, Bundesbank
14.00	Zarko Lazarevic		Institute of Contemporary History, Ljubljana, Slovenia			Inflation in Communist Yugoslavia
14.40	Kiril Kossev		Nuffield College, Oxford			Domestic Productivity and Foreign Investment: The Experience of South East Europe 1919-1941
16.00	Coffee Break
Parallel Session II: Copying with Crises: What is the Role of Policy? (I)
Chair: Arta Pisha, Bank of Albania
16.10	Clemens Jobst		Central Bank of Austria		Quantitative Easing, Enhanced Credit Support and all that - What Can be Learned from Reading Central Bank Balance Sheets?
16.50	Besnik Fetai Izet Zeqiri		Faculty of Business Administration, South East European University, Republic of Macedonia		The Impact of Monetary Policy and Exchange Rate Regime on Real GDP and Prices in the Republic of Macedonia
17.30	Coffee Break
Parallel Session II: Copying with Crises: What is the Role of Policy? (II)
Chair: Peter Mooslechner, Oesterreichische Nationalbank
17.40	Dragana Gnjatović, Vesna Aleksić.		Megatrend University, Belgrade		Rescuing Agricultural and Banking Sector from Collapse: Agricultural Debt Consolidation in Yugoslavia 1932-1936
18.20	Ivo Maes		Central Bank of Belgium		Alexandre Lamfalussy and the Origins of the BIS Macro-prudential Approach to Financial Stability