Today, this Thursday November 20, 2008 from 09:00am, took place at the headquarters of the École Supérieure du Commerce Extérieur (ESCE) in Paris La Défense, France, an International Conference on “Monetary and Financial Transformations in Central and Eastern European Countries”, co-organised by the Centre Interdisciplinaire de Recherche sur le Commerce Extérieur et l’Économie (CIRCEE) of the ESCE, the ESCE - Paris La Défense, the Centre de Recherche en Gestion (CEREGE) of the Institut d’Administration des Entreprises (IAE), University of Poitiers (France), and the European Research Group (GdRE) n° 335 “Money-Bank-Finance”, University of Orléans (France).

The aim of the Conference was to gather together scholars and researchers on the level of monetary economics, finance and transition economics, in order to provide an international forum for the exchange of results on latest insight — in relation with Central and Eastern European Countries (CEECs) — in the fields of European monetary and financial integration, central banking and monetary policies, exchange rate regimes, development of financial markets in transition economies, banking in transition, development of private equity industry in transition economies, etc.

Invited to participate to the Conference as moderator of the first plenary session on the “Implications of dollarisation with a special overview of Montenegro”, Prof. Dr. Nikola Fabris [1], Chief Economist of the Central Bank of Montenegro (CBCG) and Associate Professor at the Faculty of Economics, University of Belgrade (Serbia), presented the Montenegrin experience with the introduction of Euro, and talked about the global financial crisis, its effects on the monetary policies in transitional markets, and the danger of the “Iceland problem” under the aspect of how it could affect other European economies.

PowerPoint presentation by Prof. Dr. Nikola Fabris, November 20, 2008

Economic policy in dollarised economies with a special overview of Montenegro (2004)

The Conference was opened at 09:00am by Prof. Jean-Jacques Durand, University of Rennes I (France), President of the ESCE Science Committee, and the two plenary sessions (09:15-10:15am and 02:15-03:15pm) were respectively chaired by Prof. Gérard Duchène, University of Paris XII (France), and Prof. Fabrizio Coricelli, University of Paris I (France).
Prof. Dr. Nikolay Nenovsky, Member of the Bulgarian National Bank Governing Council and of the Economic Advisory Council of the President of Bulgaria, Professor at the University of National and World Economy (UNWE) in Sofia (Bulgaria) also participated to the Conference as moderator of the second plenary session on “Transformation in Eastern Europe - Challenges for Central Bank Practice and for Monetary Theory.”

A selection of the most relevant works presented at the Conference will be published in the issue n° 11 of the “Cahiers de Recherche de l’ESCE”.