• Date: Friday, February 20, 4.00 p.m., to Saturday, February 21st, 6.00 p.m.
• Venue: Oesterreichische Nationalbank, Otto Wagner-Platz-3, 1090 Vienna, Kassensaal  (1. Floor)
• Working Language: English
• Inscription Fee: None
• Organizers: ECSA Austria, Oesterreichische Nationalbank, Europainstitut | wu
• Scientific Responsibility: Fritz Breuss, Vienna University of Economics and Business Administration, and Eduard Hochreiter, Oesterreichische Nationalbank

• 4.00 p.m.: Opening Remarks by the Governor of the Oesterreichische Nationalbank, Klaus Liebscher.
• 4.15 p.m.: "Central Bankers' Views of the New Challenges"

Panel Discussion with
• Michael C. Bonello, Governor / Chairman of the Board of Directos, Central Bank of Malta, La Valetta, MT (short bio), (paper)
• Paul de Grauwe, Catholic Universiy of Leuven, BE (presentation)
• Sylvester C. W. Eijffinger, University of Tilburg, NL (short bio), (paper), (presentation)
• Vahur Kraft, Governor of Eesti Pank, Tallin, EE (short bio), (paper)
• Josef Christl, Member of the Board of Oesterreichische Nationalbank, Vienna, AT
• Gertrude Tumpel-Gugerell, Member of the Executive Board of the European Central Bank, Frankfurt, DE (short bio), (talk)
• Chair: Susan Schadler, International Monetary Fund, Washington/DC, US
• 8.00 p.m.: Reception hosted by the Oesterreichische Nationalbank in the Restaurant "Skyline", F. W. Raiffeisen-Platz 1, 1020 Vienna

• 9.00 a.m.: Session 1 - "The Monetary Policy Strategy after EU Enlargement"
• "What can we Learn from Other Central Banks?"

Hans Genberg, Graduate Institute of International Studies, Geneva, CH (short bio), (presentation), (paper)
• "Is the ECB Prepared for the New Challenge?"

Anne Sibert, Birbeck College, University of London, UK (short bio), (presentation), (paper)
• Discussant: Pierre Siklos, Wilfrid Laurier University, Waterloo / Ontario, CA (short bio), (presentation), (paper)
• Chair: Eduard Hochreiter, Oesterreichische Nationalbank, Vienna, AT

• 11.00 a.m.: Session 2 - "Challenges for Financial Market Integration and Supervisory Issues"
• "Imperfect Financial Markets in the EU - Which Change after Enlargement?

Francesco Giavazzi, University Bocconi, Milan, IT (short bio), (presentation)
• Discussant: Claudia Buch, University of Tübingen, DE (short bio), (presentation)
• Chair: J. Hanns Pichler, Vienna University of Economics and Business Administration, Vienna, AT

• 2.00 p.m.: Session 3 - "The Adoption of the Euro"
• "The Right Exchange Rate and When to Enter the EMU - The Role of the ERM II"

Willem H. Buiter, European Bank for Reconstruction and Development, London, UK (short bio), (presentation), (paper)
• "Adopting the Euro: The Fast Track or  the Slow Track or the Middle Road"

Susan Schadler, International Monetary Fund, Washington / DC, US (short bio), (presentation), (paper)
• Discussants: Hendrik Jan Brouwer, De Nederlandsche Bank, The Hague, NL (short bio), (paper)

György Szapáry, Hungarian National Bank, Budapest, HU (short bio),(presentation_1)(presentation_2)
• Chair: Michael Landesmann, The Vienna Institute for International Economic Studies - WIIW, Vienna, AT

4.30 p.m.: Session 4 - "Fiscal Policy Aspects of Monetary Policy"

• "Global Macroeconomic Policy Implications of an Enlarged EMU"

Reinhard Neck, University of Klagenfurt, AT (short bio), (presentation), (paper)
• "The Relationship between Fiscal and Monetary Policy in  EMU"

Jürgen von Hagen, University of Bonn, DE (short bio), (paper)
• Chair: Fritz Breuss, University of Economics and Business Administration, Vienna, AT