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The New Role of Central Banks in Crisis-Management

Plenary / Debate
German and English language

What are the advantages and disadvantages of the unconventional approaches taken by the ECB and other central banks (UK, USA, Japan) when it comes to growth, inflation and budget discipline? Which challenges arise for the ECB from the efforts towards a banking union? Has the ECB reached the limits of its constitution?


Professor, Institute for International Economic Policy, Rheinische Friedrich-Wilhelms-Universität Bonn
Governor, OeNB - Oesterreichische Nationalbank, Vienna
Economics Editor-in-Chief, Neue Zürcher Zeitung, Zurich Chair

Dr. Manfred J. M. NEUMANN

Professor, Institute for International Economic Policy, Rheinische Friedrich-Wilhelms-Universität Bonn

1960-1964 Studium der Volkswirtschaftslehre an den Universitäten Göttingen, Erlangen-Nürnberg und Marburg, Abschluß: Diplom-Volkswirt
1964-1966 Wiss. Assistent, Universität Marburg, 1966 Promotion zum Dr.rer.pol.
1967-1969 Wissenschaftlicher Mitarbeiter bei der Deutschen Bundesbank, Hauptabteilung Volkswirtschaft und Statistik, Frankfurt
1969-1972 Leitung des Forschungsprojekts "Geldtheorie und Geldpolitik" an der Universität Konstanz unter Prof. Karl Brunner (University of Rochester)
1973-1981 Professor für Geldtheorie und Geldpolitik an der Freien Universität Berlin, WS 1975, 1976 Visiting Fellow, Carnegie-Mellon-University Pittsburgh, PA, USA
1981-2006 Professor für Wirtschaftliche Staatswissenschaften, insb. Wirtschaftspolitik, Geschäftsführender Direktor des Instituts für Internationale Wirtschaftspolitik der Universität Bonn (längere Forschungsaufenthalte am Board of Governors des Federal Reserve System, Washington D.C., der Federal Reserve Bank of St. Louis und der Bank of Japan)
1991-1994 Sprecher des Fachbereichs Wirtschaftswissenschaften
1992-1993 Dekan der Rechts- und Staatswissenschaftlichen Fakultät
1993-1994 Prodekan
2001-2003 Mitglied des Akademischen Senats der Universität Bonn
1976 Ausschuß für Geldtheorie und Geldpolitik des Vereins für Socialpolitik (Vorsitzender 2000-2004)
1979 Theoretischer Ausschuß des Vereins für Socialpolitik
1988-1989 CEPR Panel Economic Policy, London
1989-1998 DFG-Sonderforschungsbereich 303, Universität Bonn, Leitung des Teilprojekts "Makroökonomische Strukturen"
1991-1992 CEPS Economic Policy Group, Brüssel
1992 Kronberger Kreis, Wissenschaftlicher Beirat der Stiftung Marktwirtschaft, Berlin
1992 Wissenschaftlicher Beirat beim Bundesministerium für Wirtschaft und Technologie (Vorsitzender 1996-2000)
1998 European Monetary Union Monitor
1999 Nordrhein-Westfälische Akademie der Wissenschaften, Düsseldorf
2001-2005 Vizepräsident und Leitung der Klasse für Ingenieur- und Wirtschaftswissenschaften, Nordrhein-Westfälische Akademie der Wissenschaften, Düsseldorf
2006 Präsident, Nordrhein-Westfälische Akademie der Wissenschaften, Düsseldorf
2000 Deutsche Akademie der Naturforscher Leopoldina, Halle
2000-2001 President, International Atlantic Economic Society
2000-2005 Forschungsbeirat der Deutschen Bundesbank
2001 Review Committee zur Evaluierung der wirtschaftswissenschaftlichen Fachbereiche der Niederlande
2003 AG Gesellschaftsberatung/Zukunftsfragen der Union der Deutschen Akademien der Wissenschaften


Governor, OeNB - Oesterreichische Nationalbank, Vienna

 Studies in law and political science at the University of Vienna and economics at the IHS - Institute for Advanced Studies, Vienna
1967 Doctorate in Law, University of Vienna
1968-1973 Assistant to Kurt W. Rothschild, Institute for General Economics and Public Economics, Johannes Kepler University Linz
1972-1973 ACSL Fellow, Department of Economics, Harvard University, Cambridge
1973 Tenure-track professorship in General Economics and Public Economics, Johannes Kepler University Linz
1973 Call to TH Darmstadt, Chair in Public Economics
1974-1981 Full Professor and Head of the Institute of Finance, Johannes Kepler University Linz
1981-2008 Full Professor, Vienna University of Economics and Business (successor to Stephan Koren), partly on leave, Vienna
2003-2005 Vice Rector, Financial Affairs, Vienna University of Economics and Business, Vienna
 Business activities:
2008 Honorary doctorate in Social and Economic Sciences, Alpen-Adria-Universität Klagenfurt
1971-1979 Member and later President, Governing Board of PSK - Österreichische Postsparkasse, Expert on cartel matters, Cartel Court of the Superior Land Court, Vienna
1999-2003 Vice-President and Member of the Management Committee, European Investment Bank, Luxembourg
2006-2007 Chief Executive Officer, BAWAG P.S.K. Bank für Arbeit und Wirtschaft Österreichische Postsparkasse Aktiengesellschaft
 Political activities
since 2008 Governor, Oesterreichische Nationalbank
1978-1999 Member of the Austrian Parliament
1980-1987 Deputy Chairman of the Scientific Committee
1985-1999 Chairman of the Finance Committee

Dr. Peter A. FISCHER

Economics Editor-in-Chief, Neue Zürcher Zeitung, Zurich

 In 1999, Peter Fischer joined the Neue Zürcher Zeitung (NZZ) in Zurich, Switzerland. From 2001 to 2007, he worked in Russia as an economics correspondent and bureau chief for Russia, Central Asia and the Caucasus, based in Moscow. From 2007 to 2010, he was chief correspondent for China and bureau chief for the NZZ Beijing Office. He returned to Zurich in autumn 2010 where he now heads the economic editing board.
 Peter Fischer studied economics, business economics, international law and political sciences at the University of Bern, Switzerland. He also obtained an Advanced Studies Certificate in International Economic Policy Research from the Kiel Institute for the World Economy in Germany. He has also been a research fellow at the Hamburg World Economics Institute (HWWA), the Europa Kolleg Hamburg and the Spacial Modelling Centre in Kiruna, Sweden. He is the author of several books and publications on questions of economic integration and migration, new economic geography and economic policy.

Economic Symposium

show timetable


14:00 - 14:20OpeningPlenary
14:20 - 15:30Finance and the Real Economy: Together or Apart?Plenary
15:30 - 15:50Political CornerPlenary
16:50 - 18:30Making Finance Meet the Real Economy's RequirementsPlenary
20:30 - 21:30Miha Pogacnik: What Businesses can Learn from MusicPlenary
21:30 - 22:30Smart Blue Hour hosted by IBMSocial


08:00 - 08:45Sustainable Entrepreneurship - Book Presentation on the Business Model of the FuturePartner
08:00 - 08:45management club Business Breakfast "Integrationsfall Europa"Partner
09:00 - 10:10The Future of Corporate FundingPlenary
10:10 - 10:30Political CornerPlenary
11:00 - 13:30Working Group 01: The Real Economy and Finance in the "Network of Responsibility"Breakout
11:00 - 13:30Working Group 02: Business, Society and Politics: Assigning Responsibility for ResultsBreakout
11:00 - 13:30Working Group 03: What Happens to Our Values if Computers Learn how to Think?Breakout
11:00 - 13:30Working Group 04: Touch the Future - Security and Identity in a Digital WorldBreakout
11:00 - 13:30Working Group 05: Living with Risk and SpeculationBreakout
11:00 - 13:30Working Group 06: The Pension System as a Ponzi Scheme?Breakout
11:00 - 13:30Working Group 07: Workforce Diversity: Living with and Managing Demographic ChangeBreakout
11:00 - 13:30Working Group 08: Implementing the New World of Work, a Progress ReportBreakout
11:00 - 13:30Working Group 09: Design Thinking as a Tool for InnovationBreakout
11:00 - 13:30Working Group 10: New Energies for Europe - Between Cooperation and CompetitionBreakout
13:30 - 14:30Lunch ReceptionSocial
14:30 - 17:00Working Group 11: Connected Learning, Connected SchoolsBreakout
14:30 - 17:00Working Group 12: Financial Literacy, Decision-Making in Complex SituationsBreakout
14:30 - 17:00Working Group 13: Our Life After the Digital RevolutionBreakout
14:30 - 17:00Working Group 14: Prosperity for All? Austria's Top Managers in Dialogue with Ludwig ErhardBreakout
14:30 - 17:00Working Group 15: Rethinking Capitalism: The Future of Our Economic ModelBreakout
14:30 - 17:00Working Group 16: Alternative Sustainable Economic ConceptsBreakout
14:30 - 17:00Working Group 17: From Goodwill to Financial Company ValueBreakout
14:30 - 17:00Working Group 18: Back to the Real Economy - Towards a New Industrial Policy for EuropeBreakout
14:30 - 17:00Working Group 19: Industrial Production in the City of the FutureBreakout
14:30 - 17:00Working Group 20: Rating Agencies Between Governments and BusinessesBreakout
18:00 - 19:30Peter Drucker Special Lecture: Leadership and Values in a Complex WorldPlenary
21:30 - 23:30get2gether hosted by T-MobileSocial


08:30 - 09:00"Kater" BreakfastPartner
09:15 - 10:15The New Role of Central Banks in Crisis-ManagementPlenary
10:45 - 12:20New Growth in Europe?Plenary
12:20 - 12:30ClosingPlenary
16:45 - 20:00Generali 3 Banken Business Dialogue "Experiences and Values"Partner