2010 Conference Series – Prague, Czech Republic
Sunday, June 13, 2010 - Tuesday, June 15, 2010
Center for Economic Research and Graduate Education, Charles University (CERGE)
Prague, Czech Republic
- Central Banking in the Post Greece Crisis Period
- Financial Interdependence in the World’s Post-Crisis Capital Markets: Lessons fromHungary
- “Post Crisis Relations Between China and EU” A Discussion Paper
- China in 2010
- An Update on Current Issues in Banking for CE and the Baltics
- Productivity and Growth Versus Debt-to-GDP
- Estonia: The Case for Policy Consolidation
- Post Crisis Relations Between China and the EU
- Commentary from Dr. Ed Yardeni from
2010 Conference Series – Prague, Czech Republic
Financial Interdependence in the World’s Post-Crisis Capital Markets.
Sunday, June 13th
Walking tour of Prague followed by lunch at Palffy Palace with Dr. Peter Steiner,
Professor, Slavic Languages & Literatures, University of Pennsylvania
Monday, June 14th and Tuesday, June 15th
Programs at the Center for Economic Research and Graduate Education of Charles University (CERGE)
Included in this conference will be a Central Bank Panel:This panel of central bankers from Czech Republic, United States, France, Estonia, Poland, and Hungary will explore monetary policy and issues in working with Euro and non-Euro countries within the European Union in the aftermath of the crisis in Greece. Governor Zdenek Tuma of Czech National Bank and Ferenc Karvalits, Deputy Governor, Magyar Nemzeti Bank (the central bank of Hungary)will participate. Others TBC.
Jan Mladek, Ph.D.
Jan Mladek graduated from the University of Economics in Prague (1983) and passed two-years’ course in mathematics and physics Faculty of Charles University (1989). He obtained the Ph.D. in the Prognostics Institute of the Czechoslovak Academy of Sciences (1990). During the period of 1991-2 he was appointed as the deputy federal minister of economy and from 1999 to 2001 as the deputy minister of finance. In the years 1993-8 he cooperated with the Central European University, Prague/Budapest on the study of the transformation and privatization of the post-communist countries of Central and Eastern Europe; also acted in the civil service as adviser to the Minister of Trade and Industry, member of the Steering Committee for the privatization of banks and representative of the Czech National Bank Governor in the International Monetary Fund. He has published many scientific papers at home and abroad. His main task within the Czech Social Democratic Party structure is to chair the economics committee. Between June 2002 and December 2005 he was a member of the Chamber of Deputies of the Czech Parliament; he held the position of the minister of agriculture during the years 2005-6. Currently vice chairman of the Supervisory Board of the Czech Post, state enterprise, director of the Czech Institute of Applied Economics and the chairman of the FONTES RERUM, cooperative for economic, political and social studies.
Tanel Ross is currently the deputy secretary-general at Ministry of Finance of Estonia. From 2003 to 2005 he worked with the International Monetary Fund, where he was the North and Baltic States senior advisor to the director. Ross graduated from Tallinn University of Technology in 1991.
Mr. Kahlen joined Solena in 2001 in the Prague office where he is responsible for the preparation of Solena projects in Central and Eastern Europe. Mr. Kahlen has 15 years experiences in energy cogeneration and renewable energy production from landfill gas. In the early nineties he founded the company PDI. PDI is in charge of using landfill gas from the two biggest landfills in Prague producing electricity and heat for the district and heating more than 5000 homes in the city of Prague. His company implemented similar projects not only in the Czech Republic, but also in neighboring countries. Before the fall of the socialist system in 1990 Mr. Kahlen wasn’t allowed to study in the country’s university due to political reasons. In those years he worked as a freelance interpreter. In the time of the so called “velvet revolution” in 1989 he was in the team of Mr. Vaclav Havel, the first president of the free Czech Republic, Mr. Kahlen was responsible for establishing contacts with Germany and was accompanying Mr. Vaclav to German speaking countries, as his interpreter. He now serves as CEO of Millennium Technologies.
Deputy governor of the Magyar Nemzeti Bank since 27 March 2007, Mr Karvalits holds a university degree in economics.
From 1990 he was head of the liquidity and risk management department at Magyar Hitelbank and became investment manager at Wallis International afterwards. From 1994 he worked for Magyar Hitelbank as managing director. From 1996 he was head of the bank department at the MNB. In 1998 he was promoted to managing director and nominated to the board of directors of the bank. From 2002 he was deputy CEO of Wallis Rt. and CEO of CIB Bank afterwards until 2005. Until his appointment as deputy governor, he was member of the Board of Wallis Zrt. from 2002 and Graphisoft Nyrt from 2006 and also chairman of the Board of FHB Nyrt. from 2005. He has been lecturer at the University of Economics since 1996 and was member of the economic advisory board of the prime minister in 2004-2005.
Zdeněk Tůma (born 19 October 1960) is a Czech economist and a former governor of the Czech National Bank since 1 December 2000. He was confirmed by President Václav Klaus for another six-year term on 11 February 2005. Tůma resigns as of 30 June 2010. Previously he was vice governor of the Bank from 13 February 1999 to 30 November 2000.
Tůma is a graduate of the faculty of trade at the University of Economics, Prague. Then he joined Institute for Forecasting of the Czechoslovak Academy of Sciences as a researcher. From 1993 to 1995 he was an advisor to the Minister of Industry and Trade. Before joining the Czech National Bank he held a position in the European Bank for Reconstruction and Development.
According to iHNed.cz Tůma’s salary was $220,000.
He is a TOP 09 party nominee for the mayor office of the Czech capital Prague in Czech local elections (October 2010). Though TOP 09 won the most number of votes, they were unable to form a coalition with any other parties. The second- and third-place parties (ODS and ČSSD) instead made a coalition and Bohuslav Svoboda was elected mayor by the City Council on 06 December 2010.
Peter Steiner, Ph.D.
Peter Steiner is professor and acting undergraduate chair, department of Slavic Languages and Literatures, at the University of Pennsylvania. Before coming to Penn, Dr. Steiner taught at the University of Michigan and Harvard. His major areas of research are literary theory and modern Slavic literature and culture. Born in Prague, Czechoslovakia, and immigrated to this country in 1968, he received his Ph.D. in Slavic Studies from Yale University.
Andrew Hodge is responsible for the development and improvement of profits reporting at the US Bureau of Economic Analysis, and liaison with user groups. He also acts as senior advisor on the overall US economic NIPA accounts.
Prior experience includes group managing director, Global Insight, in charge of the US forecast; Bank Brussels Lambert VP, economist and strategist, doing global economics and market strategy, including US and G-7 central bank watching; and Bankers Trust, VP and economist, where responsibilities included Europe/Mideast/Africa and foreign exchange. Before joining Bankers Trust, Andrew held senior positions in economics with W.R. Grace, J.P. Morgan and the US Treasury. The latter included service at the US Embassy, Paris, the Foreign Exchange Dept. and staff work preparing for the Smithsonian Agreement. He holds a B.A. in economics from the University of Michigan and an M.A. in economics from George Washington University.
Timo TyrvainenChief Economist of Aktia Bank
Timo Tyrvainen is the chief economist of Aktia Bank. Before joining Aktia in 1998, he was an economist with Bank of Finland.
Hubert Fromlet, Ph.D.Professor, Jönköping and Linneaus University
Hubert Fromlet is a professor at, Jönköping and Linneaus University. He received his MBA and Ph.D. from the University of Wurzburg. Prior to to this he was chief economist at Swedbank, Stockholm, and professor at Blekinge Institute of Technology. Mr. Fromlet has also served as s chief economist at Co-operative Bank, Stockholm and was responsible for macro research at the SAAB-SCANIA, Sweden.
Constance Hunter is currently a managing director and the chief economist at Aladdin Capital. Prior to joining Aladdin, she was with Galtere Ltd., a global macro hedge fund, where she served as a chief economist. Prior to and concurrently with, Galtere Ltd., she was the managing member and chief investment officer of Coronat Asset Management. In that role, Ms. Hunter identified macro themes and invested in global equity and FX markets to capitalize on these themes. Prior to founding Coronat, Ms. Hunter was a partner and portfolio manager at Quantrarian Capital Management, a hedge fund that invests in Asian markets. In addition, she has worked as a portfolio manager at Firebird Management, LLC after starting her career as an economist at Chase Manhattan Bank as an economist in foreign exchange.
Throughout her nearly 16‐year career, Ms. Hunter has honed her ability to pick a needle from the economic haystack of data, synthesizing information to identify turning points for economies and markets. Ms. Hunter is an active member of the National Association for Business Economics (NABE) where she chairs NABE’s International Roundtable. She was co-chair of the NABE delegation to Brazil in August 2011 (the 2010 trip was to China). In addition to being one of the economists surveyed in the NABE outlook survey, she participates in the CNBC Fed Watcher survey, the Macro Market’s quarterly survey on home prices in the United States, and her forecasts on the U.S. economy, the Chinese economy, and the UK economy are included in Bloomberg’s survey of economists who produce forecasts for these countries. Ms. Hunter authors Aladdin Capital’s weekly outlook on global markets. She recently began penning the “Inflation Watch” section which enables the firm and its clients to understand and capitalize on the implications of various inflation statistics under unusual circumstances when the Federal Reserve is engaging a non-standard monetary policy and when a country as large as China has pegged its currency to the U.S. dollar.
Ms. Hunter earned a Master of International Affairs from Columbia University and a Bachelor of Arts from New York University. She is a regular guest on CNBC, PBS Nightly Business Report and Bloomberg TV, as well as being quoted in the Financial Times, Wall Street Journal, Barron’s, Forbes and The New York Times to name a few. Her professional memberships include the National Association for Business Economics (NABE) where she is a board member, The New York Association for Business Economics, Money Marketeers, Network 20/20 and The Global Interdependence Center. Ms Hunter is a Patron of The World Policy Institute in New York.
Manuel BalmasedaChief Economist, CEMEX
Dr. Balmaseda has impressive credentials, collaborating with the International Monetary Fund (IMF), the European Commission, and the Organisation for Economic Co-operation and Development (OECD). Previously, he served as chief economist at BBVA, the multinational banking giant, and currently teaches macroeconomics at the International Graduate School of Management of Barcelona and Madrid. As global chief economist, he influences business decision at CEMEX, widely known as a leader in supplying building materials and related services. CEMEX operates in more than 50 countries across five continents.
Cecilia Hermansson is Chief Economist at Swedbank, and has been with the bank since 1999. Before that she held a position as director in Sweden’s Ministry of Finance. She started her career after graduating from Stockholm School of Economics with international assignments, joining the Swedish International Development Cooperation Agency, Sida. She worked in Nairobi 1992-95 at the Swedish Embassy. In addition to the work at Swedbank, Cecilia Hermansson is currently doing research at the Centre for Banking and Finance, which is part of the Royal Institute of Technology in Stockholm.
Stephen SexauerChief Investment Officer, US Multi Asset, Allianz Global Investors
Stephen Sexauer has been the chief investment officer, US Multi Asset, Allianz Global Investors since inception in June 2008, and has been a managing director of Allianz Global Investors of America LLC or one of its subsidiaries since May 2003.
David KotokCIO of Cumberland Advisors and GIC Vice Chair of the Central Banking Series
David R. Kotok co-founded Cumberland Advisors in 1973 and has been its chief investment officer since inception.