The broad topic of this open podium debate is the Euro, the financial crisis and the emerging new financial order seen from the points of view of the central banks of Denmark, France and Germany.
Welcome by President Johan Roos, CBS.
Keynote Speakers:
• Gouveneur Christian Noyer, Banque de France:
Financial Stability in Europe and in the World: a French perspective.
• Prof. Dr. Axel Weber, Präsident der Deutchen Bundesbank:
Challenges and opportunities for the competitiveness of EMU member states.
• Governor Nils Bernstein, The National Bank of Denmark:
Outside the euro in the financial crisis - the Danish experience.
Moderator:
Professor Niels Thygesen, Københavns Universitet.
Professor Peter Birch Sørensen, Chairman of the Economic Council.
The Euro and the crisis
The economies of the world have since July 2007 experienced the deepest financial crisis since 1929. This crisis is also the most serious one the Euro has faced. But while some economist had speculated, at the peak of the crisis, on the disappearance of the Euro the common currency is still there today.
As the seriousness of the financial crisis became blatant, some European go-vernments began calling for a new global financial system, which would be able to prevent such a crisis to happen again.
The European Commission, following the conclusions of the De Larosière report, has started drafting the elements of a reform of the EU framework for financial supervision both at the micro level (individual financial institutions) and at the macro level (the financial system as a whole), which involves the creation of new financial supervisory institutions as well as a renewed regulatory framework where the role of the Euro must be reassessed.
Organized by:
International Center for Business and Politics, Copenhagen Business School in cooperation with the Embassy of France in Copenhagen and the Embassy of Germany in Copenhagen.
Further information:
Contact information of organizers at Copenhagen Business School: