THE ATHENIAN POLICY FORUM INC.
Announcement of an International Conference on
GLOBAL DIMENSIONS IN BANKING AND CURRENCY CRISESAn
International Conference Organized by the Collaboration of
The Athenian
Policy Forum,
Loyola
University Chicago and
Izmir State Chamber of Commerce, Turkey
IZMIR, TURKEY, AUGUST 17–19, 2000
"hosted by the Izmir State Chamber of Commerce"
PROGRAM
August
17
8:00am – 9:00am Registration
9:00am – 10:00am
Opening and Welcome
Ekrem Demirtas, President of Izmir Chamber of Commerce,
Turkey
Dr. Burak Kazaz, Chair of the Organizing Committee
Dr. Christos
Paraskevopoulos, President of the
Athenian Policy Forum
Dr. Andreas Kintis, Rector of the Athens University of Economics
and Business
Gazi Ercel, President of the Central Bank of Turkey
Recep Onal, State Minister of Turkey
10:00am –10:15am Coffee
Break
10:15am – 11:45am
Session I:
Chair:
Presentation I:
Title: Net Foreign Debt of Banks, Devaluation and Recessions
Authors: Marc Hayford, Loyola
University Chicago, USA
Presentation II:
Title: Can Foreign Banks Serve a Developing Nation As Adequately As
Domestic Banks?
Authors: Halit Soydan, Financial Advisor of the Izmir State Chamber of Commerce, TURKEY
Presentation III:
Title: What is The Appropriate Role of Central Banks (G-7)? Is It
Symmetric Between Developed and Developing Nations
Authors: Ayse Peker, Statistics Expert to the General Directorate of
Research, Central Bank of Turkey, TURKEY, and Cafer
Kaplan, Researcher, Central Bank of Turkey, TURKEY
11:45:00am- 1:00pm Lunch Break
1:00pm - 3:00pm
Session II
Chair: Burak Kazaz, Loyola
University Chicago, USA
Presentation I:
Title: Evolution of the EU Common Agricultural Policy: New Prospects
Authors: Nicholas Baltas, Athens
University of Economics and Business, GREECE
Presentation II:
Title: The EURO and the Dollar: A Retrospective and Prospective
Assessment
Authors: Christos Paraskevopoulos, York
University, CANADA
Presentation III:
Title: Turkey's Inclusion to the European Union As Well As Other
Candidate Countries
Authors: Emre Gonen, Secretary General to the European Union
Presentation IV:
Title: Electoral and Partisan Cycles and State Tax Policy in the EU
Authors: Andreas Andrikopoulos, John Loizides, and Kyprianos Prodromidis, Athens University of Economics and Business,
GREECE
3:00pm – 3:15pm: Coffee Break
3:15 – 4:45pm:
Chair: Ilter Akat,
Presentation I:
Title: The Thai Banking Crisis
Authors: Bala Batavia, DePaul
University, USA, and Nicholas Lash, Loyola
University Chicago, USA
Presentation II:
Title: Globalization and Turkish Banks
Authors: Ersin Ozince, President of Is
Bank, TURKEY
Presentation III:
Title: Currency Crisis of 1998 and Possible Lessons to Be Learned
Authors: Vefa Tarhan, Northwestern
University, USA
8:45am – 10:15am
Chair: Andreas Kintis, Athens
University of Economics and Business, GREECE
Presentation I:
Title: Strengthening Global Financial Stability: Lessons from the
European Monetary Union
Authors: Alex Kondonassis, University
of Oklohama, USA, and A. G. Malliaris, Loyola
University Chicago, USA
Presentation II:
Title: Asymmetric Shocks and Capital Mobility
Authors: George Demopoulos, Athens
University of Economics and Business, Greece, Nicholas Yanacopoulos, University of Piraeus, Greece and
Stanton Warren, Niagara University,
USA
Presentation III:
Title: Fixity of Exchange Rates and Efficiency of Monetary Policy in
the European Transition Economies
Authors: Mike Pournarakis, Athens
University of Economics and Business, GREECE
10:15am – 10:30am: Coffee
Break
10:30am – 12:00pm
Chair: Christos Paraskevopoulos, York University, CANADA
Presentation I:
Title: At the Crossroads of Finance, Marketing and Operations:
Market Share vs. Profit Maximization under Currency Crises
Authors: Burak Kazaz, USA and Enrique Venta, Loyola University Chicago, USA
Presentation II:
Title: "Impact of E-Brokerages on Traditional Investment
Channels Kerem Tomak
Authors: Kerem Tomak, University of
Texas at Austin, USA
Presentation III: We are expecting a presentation from Dogus
Group Banks
Title:
Authors:
12:00pm - 1:00pm: Lunch Break
1:00pm – 3:00pm
Chair: Husnu Erkan,
Presentation I:
Title: Exchange Rate Variability, Trade, and the European Monetary
Union
Authors: Bala Batavia, DePaul
University, USA, P. Nandakumar and Cheik Wague, Sodertorns University College, SWEEDEN
Presentation II:
Title: New Dimensions of Turkish Capital Market; Funding Small and
Medium Sized Companies
Authors: Muhsin Menguturk, Chairman of the Board of Capital Markets, Halil
Sariaslan, Chief Advisor to the President of the Union of Chambers, TURKEY
Presentation III:
Title: Volatility Clustering and Fat Tails in Stock Prices: UK
Evidenc
Authors: M. F. Omran, United Arab
Emirates University, UAE, and J. R. Davies, University of Strathclyde, UK
3:00pm – 3:15pm: Coffee Break
3:15pm – 4:15pm
Special Guest Speaker:
Title: Bourgeois Virtue at the Bank
Author: Deirdre McCloskey, University
of Illinois at Chicago, USA
4:15pm – 5:30pm: Break
Panel Discussion:
Title: Overview of the Athenian Policy Forum Izmir Conference and
Projections of Future Issues: The Internet in the Global Economy
Panelists: Deirdre McCloskey, University
of Illinois at Chicago, USA
Ersin
Ozince, President of IsBank, TURKEY
Anastassios Malliaris, Loyola University Chicago, USA
Muhsin Menguturk, Chairman of the Board of Capital Markets,
TURKEY
5:30pm Closing
Remarks by
5:30pm - 6:00pm: Break
6:00pm – 7:00pm: Cocktail
8:30am - 4:30pm: Site Seeing
CALL FOR PAPERS
The combination of international trade agreements and the new Internet economy is changing the environment in which companies and financial organizations do business. Although such developments open new channels for marketing and business for banks and financial institutions, they also pose challenges as they bring in the uncertainties and complexities of global competition.
At the dawn of the new millennium, this conference will focus on issues related to financial globalization with special emphasis on banking and currency crises. Based on the experience and success of the previous conferences organized by the Athenian Policy Forum, the Conference will discuss issues related with banking in emerging and transitional economies as well as the currency crises surrounding these economies. Although not complete, the following is a tentative list of topics to be discussed in the Conference. The Conference is open to new ideas and subjects that can be included among the followings:
The globalization of commercial banks
Does globalization of banks drain funds from emerging nations?
Can foreign banks serve a developing nation as adequately as domestic banks?
Are private banks superior to state-owned banks?
What is the appropriate role of central banks (G-7)? Is it symmetric between developed
and developing nations?
The EMU and its implications for global banking
The Euro and its future: stability and risks
Turkey’s inclusion to the European Union as well as other candidate countries
Recent crises in global banking
Global Banking: Regulations and remedies
The new role of the IMF and the World Bank
The new role of the Internet economy
The implications of electronic commerce in banking and economy
ORGANIZATION
The Athenian Policy Forum in co-sponsorship with the host Universities has organized conferences in several cities including Chicago (Loyola U.), Toronto (York U.) and Athens (AUEB). The one-and-a-half-day conference will be hosted in Izmir with generous contributions by the Izmir State Chamber of Commerce. Professor Burak Kazaz (Loyola U.) is the Convenor and Conference Chair assisted by APF Fellows Professors Nicholas Lash, Anastasios G. Malliaris (Loyola U.) and Bala Batavia (DePaul U.), as Conference Co-Chairs. Professor Christos Paraskevopoulos (York U.) is the Honorary Conference Chair. The organizers of the Conference will invite several distinguished guests to present papers. The goal of the Conference is to attract around 50 experts in the fields of Financial Globalization and Currency Crises for an intensive scientific dialogue and a significant exchange with industry and practitioners.
PUBLICATION
Both the invited and submitted papers will undergo a rigorous refereeing process (peer and publisher) and the best 15 to 18 papers will be in a book published by APF Press.
Please submit a 250 word abstract by February 15, 2000 to:
Prof. Burak Kazaz
Department of Information Systems and Operations Management
Loyola University Chicago
25 E. Pearson Suite 1400
Chicago, Illinois, 60611
USA
Phone: ++1 (312) 915-6600
Fax: ++1 (312) 915-6432
e-mail: bkazaz@luc.edu.
Final papers are due by June 1, 2000