Exchange Rate Strategies During the EU Enlargement

ICEG European Center was given a grant to organize a High Level Scientific Conference on "Exchange Rate Strategies During the EU Enlargement" from the Fifth Framework Program of the European Union. The project centered around the conference organized on 27-30 November, 2002 in Budapest.

The purpose of the project was to present theoretical and empirical analyses on exchange rate policies and the choice of exchange rate regime in pre-accession economies during the enlargement of the European Union.

The program of the conference was divided into four major sessions. The first session covered recent advances of theoretical and empirical research on the choice of exchange rate regimes, costs and benefits of alternative arrangements. The second session was devoted to the analysis of the recent experiences of pre-accession economies with alternative exchange rate arrangements. The next session discussed the exogenous shocks that will effect pre-accession economies during enlargement, including their exposure to trade and financial contagion, high levels of volatile capital flows, current account sustainability and trend real exchange rate appreciation. A special issue was devoted to the analysis of the impact of EMU on the choice of exchange rate regime and exchange rate policies in pre-accession economies.

A brief overview of participants can be found under Participants. The papers are downloadable under Papers section of this page, while the Program available under Program.

More information about the project is available from Ágnes Szigetvári at aszigetvari@axelero.hu.