About the Conference

The Simulation Conference of the European Central Bank is the only conference at the European level that educates university students and graduates on the contemporary economic issues of the Euro Area. It is one of the most noteworthy interdisciplinary initiatives at a national level, where university students with economic, law and international relations backgrounds, with the help of experiential learning and collaboration, gain knowledge on the challenges of the Monetary Union.

The Conference was held for the first time in December 2017. It is an annual event and lasts four days. The Training Day takes place on the first day of the Conference, when distinguished academics, institutional and corporate representatives, with keynote speeches, convey their knowledge and experiences to the participants. During the next two days, the participants leveraging the knowledge they acquired on the Training Day, but also from the Study Materials that they got from the Scientific Team of Get Involved, participate in debates with the objective of developing proposals and amendments on a given Agenda. On the last day, a roundtable discussion takes place on the examined topics of the Conference, where the participants can raise their ideas, proposals and concerns, as well as corporate workshops are organized.

For the better preparation of the participants, Get Involved has established the Conference Preparation Period, to which significant emphasis is given. Upon confirmation of participation, the preparation materials and Agenda are forwarded to the participants. From that moment until the beginning of the Conference a series of online calls are scheduled with the Scientific Team of Get Involved in which the given material is presented and explained. Moreover, the participants have the chance to communicate questions about the materials and the Conference processes.

The ECB Simulation Conference has been recognized and supported by some important institutions and corporations, such as the European Central Bank, the Bank of Greece, the Hellenic Bank Association, the Athens University of Economics and Business, Alpha Bank and PwC Greece.

ECB Simulation Conference History

8th ECB Simulation Conference

November 22 – 24, 2024

Highlights:

  • The European Central Bank was represented for a fourth consecutive year by  Mr. Ronan Sheridan, Deputy Head of the Public Communications Department
  • The European Economic and Social Committee was represented for the first time by Mr. Michael McLoughlin, Member of Economic and Monetary Union and Economic and Social Cohesion (ECO), Employment, Social Affairs and Citizenship (SOC) & External Relations (REX) Sections,
  • Two Info Sessions took place from Alpha Bank and PwC Greece, in which the participants had the chance to get to know these corporations.
  • It was hosted in the premises of the Bank of Greece, the Troias Building of the Athens University of Economics and Business (AUEB) and the Small Stock Exchange of the National Bank of Greece.

Examined Topics:

  • Monetary Policy: The interaction with Fiscal Policy, the risk of fragmentation, and the challenges of effectiveness in a permacrisis environment.
  • Climate Change and the transformation of the financial system in the field of ESG.
  • Digital Euro: The impact on the payments landscape and financial stability.

7th ECB Simulation Conference

December 15 – 18, 2023

Highlights:

  • The European Central Bank was represented for a third consecutive year by its’ Communication Principal Adviser, Mr. Gabriel Glöckler.
  • Two Info Sessions took place from Alpha Bank and EY Greece, in which the participants had the chance to get to know these corporations.
  • It was hosted in the Amphitheater of Megaron Karatza of the National Bank of Greece and the Troias Building of the Economic University of Athens.

Examined Topics:

  • Interaction of Monetary and Fiscal Policy.
  • Inflation: causes and tools for tackling it.
  • Monetary Policy: Its response and efficiency in a Perma-Crisis environment.
  • ESG transformation in the financial sector and its challenges.
  • Challenges of adopting a Digital Euro solution.

6th ECB Simulation Conference

December 9 – 12, 2022

Highlights:

  • The Croatian Central Bank was represented by Governor Mr. Boris Vujčić, days before Croatia officially joined the Euro Area.
  • The European Central Bank was represented by its Communication Principal Adviser Mr. Gabriel Glöckler.
  • It was held live for the first time after 2019. It was hosted at the Bank of Greece, Benaki Museum, and Serafeio.

Examined Topics:

  • Monetary Policy Transmission Mechanism.
  • Inflation (Types, Forms, Components, Historical Data, and Forecasts)
  • The interaction of Monetary and Fiscal Policies in a period of pandemic and geopolitical developments.
  • Central Bank Digital Currency and Digital Euro.

5th ECB Simulation Conference

December 10 – 13, 2021

Highlights:

  • The European Central Bank was represented on the Training Day.
  • It was supported by the Bank of Greece, the Hellenic Banking Association, the Region of Attica, the Hellenic Development Bank, and PwC Greece.
  • It was held virtually.

Examined Topics:

  • The impact of ESG (Environment, Social, Governance) factors on the European financial sector.
  • The challenges of the Monetary Policies in the post-pandemic era and their interactions with Fiscal Policies.
  • The challenges of the digital economy and specifically of the Digital Euro (Central Bank Digital Currency).

4th ECB Simulation Conference

December 11 – 14, 2020

Highlights:

  • The Conference findings were included – via the ECB Listens initiative – in the first revision of the ECB strategy after 18 years.
  • The internal platform Polymnia was developed exclusively for the Conference processes.
  • It was held virtually.

Examined Topics:

  • The impact of Non-Conventional Monetary Policies on the Euro Area member nations.
  • Measures to limit the economic consequences of the SARS-CoV-2 pandemic in the portfolios of systemically significant banking institutions.
  • The need to develop a common European Single Payment System.

3rd ECB Simulation Conference

December 13 – 16, 2019

Highlights:

  • Bank of Greece started supporting the initiatives.
  • The preparation and provision of analytical Study Guides for the preparation period were established.
  • It was held at the Bank of Greece and Nomiki Vivliothiki.

Examined Topics:

  • The progress of banking integration by strengthening the ECB’s role in the mergers & acquisitions of banking institutions in the Euro Area.
  • Review of the Conventional and Non-Conventional Monetary Policies as a result of the growth path of the Euro Area nation-members.
  • Do the current financial circumstances justify the negative basic interest rates of the ECB?

2nd ECB Simulation Conference

November 9 – 12, 2018

Highlights:

  • The first Training Day was held.
  • It was supported by the National Bank of Greece.
  • It was held at Karatza Hall, in the HQ of the National Bank of Greece, and at the Gallery of the Book.

Examined Topics:

  • Review of Non-Conventional Monetary Policies as a result of the economic development of the Euro Area, emphasizing the third targeted longer-term refinancing operations [TLTROS-III].
  • Common European policies on Non-Performing Loans reduction in the Euro Area banking system.
  • Examination of the lending process and the regulatory framework of the FinTech Banks.

1st ECB Simulation Conference

December 8 – 10, 2017

Highlights:

  • The first Simulation Conference of the European Central Bank at the European level.
  • It was held in the Benizelon Mansion, in Plaka, with the support of the Metropolis of Athens.

Examined Topics:

  • Examination of the Conventional and Non-Conventional Monetary Policies of the ECB.
  • Examination of the need to establish a European Deposit Guarantee Fund.

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