79th OeNB East Jour Fixe

Capital Flows to CESEE: Impact on Macro-Financial Stability and Policy Responses

The East Jour Fixe was initiated by the OeNB in 1991. It is a high-profile policy discussion forum on economic reforms and developments in Central, Eastern and Southeastern Europe (CESEE). Participants come from diverse backgrounds and present academic, political and other professional expertise to a selected audience.

The 79th East Jour Fixe will focus on recent developments and driving factors of capital flows in CESEE countries. Joshua Aizenman (USC) will give a keynote speech at the beginning of the workshop. In session 1, we will review the driving forces behind the interaction of capital flows and the boom-bust-cycles the region has experienced during the recent two decades. In session 2, we will look at international country experiences in coping with volatile capital inflows and review the effectiveness of different policy measures. We will end with a panel discussion in order to draw some policy lessons for CESEE countries.