The 32nd international economic conference started in Dubrovnik today. The Dubrovnik Economic Conference has been a traditional meeting point and a place of dialogue for distinguished scientists and representatives of international financial institutions, central banks and the financial sector.

The first day of the conference focuses on the topics of monetary policy and its operation in conditions of high inflation, including the transition of monetary policy shocks and the importance of the exchange rate for the movement in inflation in the euro area. The topics that will also be addressed include central bank independence, digitalisation of currencies and the role of banks and financial institutions, as well as the problem of housing affordability and possible solutions from the monetary policy perspective.

The second day of the conference deals with the role of central banks in financial crises, sovereign debt and fiscal integration in the EU, global payment systems and the new forms of digital assets, such as stablecoins and their impact on monetary policy and finance.

The keynote lecture on moving money, public and private interests in the architecture of global payments will be delivered by Catherine R. Schenk from Oxford University.

The conference was opened by CNB Governor Boris Vujčić, who also gave an introductory speech to the lecture delivered by Hélène Rey from London Business School on internationalisation and digitalisation of currencies. The CNB Governor also chaired the panel discussion on digital assets and its impact on monetary policy and finance. The panellists include David Andolfatto from the University of Miami, Megan Greene from the Bank of England, Chris Kopf from the Union Investment Group, Brunello Rosa from Rosa & Roubini Associates and Governor Christopher Waller from the Federal Reserve Board of Governors.

This year’s conference participants include, among others, Fabio Canova from BI Norwegian Business School, Jacob Frenkel from the Group of Thirty, Luc Laeven from the European Central Bank, Catherine Mann from the Bank of England, Moritz Schularick from the Kiel Institute for the World Economy, Yannis Stournaras, Governor of the central bank of Greece, Michael Weber from Purdue University and ESMT Berlin and Burkhard Balz from the Deutsche Bundesbank.

The papers presented at the conference are available at the following link.

The 19th Young Economists Seminar was also held as part of the 32nd Dubrovnik Economic Conference. The papers presented at the seminar are available at the following link.