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Easy Money Policy: Free Money for All or Necessary Safety Net?

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Elisabeth-Herz-Kremenak-Saal
Plenary /
in deutscher Sprache

Cheap money is said to give governments air to breathe to conduct necessary reforms. These reforms are still missing, tough. Can low interest rates live up to their promise? How long can the business model of banks and insurance companies survive in such a climate?

Governor, OeNB - Oesterreichische Nationalbank, Vienna Key Note
Chief Executive Officer, Raiffeisenlandesbank Niederösterreich-Wien AG / Raiffeisen-Holding Niederösterreich-Wien, Vienna
Vice Rector, Research; Professor of Banking and Finance, Institute for Finance, Banking and Insurance, WU (Vienna University of Economics and Business), Vienna
Chairman and Chief Executive Officer, Erste Bank der oesterreichischen Sparkassen AG, Vienna
Deputy General Secretary, Union of Private Sector Employees, Vienna Chair

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Dr. Ewald NOWOTNY

Governor, OeNB - Oesterreichische Nationalbank, 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, General Economics and Public Economics, Johannes Kepler University, Linz
Call to TH Darmstadt, Chair in Public Economics
1974-1981 Full Professor and Head, 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
2008 Honorary doctorate in Social and Economic Sciences, Alpen-Adria-University, Klagenfurt
 
 Business activities
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
since 2008 Governor, OeNB - Oesterreichische Nationalbank
 
 Political activities
1978-1999 Member, Austrian Parliament
1980-1987 Deputy Chairman, Scientific Committee
1985-1999 Chairman, Finance Committee

Mag. MBA Klaus BUCHLEITNER

Chief Executive Officer, Raiffeisenlandesbank Niederösterreich-Wien AG / Raiffeisen-Holding Niederösterreich-Wien, Vienna

1987-1988 Gerichtspraxis, Oberlandesgericht Wien
1988-1989 Forschungsprojekt, IIASA und WU Wien und freiberufliche Mitarbeit, Unternehmensberatungsprojekte
1989-1993 Controlling und Strategisches Management, Girozentrale Bank AG
1995-1996 Bereichsleiter für Finanzen und Controlling, Raiffeisen Ware Austria AG
1997-2002 Finanzvorstand, Raiffeisen Ware Austria AG
2002-2012 Vorstandsvorsitzender, Raiffeisen Ware Austria AG
2003-2012 Vorstandsmitglied, BayWa AG, München
seit 2012 Generaldirektor, Raiffeisen-Holding NÖ-Wien reg.Gen.m.b.H., Wien
Generaldirektor, Raiffeisenlandesbank Niederösterreich-Wien AG, Wien

Dr. Stefan PICHLER

Vice Rector, Research; Professor of Banking and Finance, Institute for Finance, Banking and Insurance, WU (Vienna University of Economics and Business), Vienna

1982-1989 Degree Program in Business Administration, University of Graz
1989-1995 Assistant Professor, Department of Banking, University of Graz
1994 Doctorate in Business Administration, University of Graz
1996-1999 Assistant Professor, Department of Finance, Vienna University of Technology
1999 Habilitation, Vienna University of Technology
1999-2003 Associate Professor, Department of Finance, Vienna University of Technology
2000-2013 Principal Consultant, PricewaterhouseCoopers
since 2006 Full Professor, Department of Finance, Accounting and Statistics, Vienna University of Economics and Business

Dr. Thomas UHER

Chairman and Chief Executive Officer, Erste Bank der oesterreichischen Sparkassen AG, Vienna

1983-1989 Study of Law and Ph.D., University of Vienna,
1988-1989 Assistant, Institute of Constitutional and Administrative Law, University of Vienna
1989-1990 Executive Board Office, Creditanstalt Bankverein, Vienna
1991-1993 Department International Business Support Creditanstalt a.s., Prague
1994-1997 Member of the Management Board, Creditanstalt a.s., Bratislava
1997-2007 Member of the Management Board, Österreichische Bundesforste AG, Vienna
2007-2010 Member of the Management Board, Erste Bank der oesterreichischen Sparkassen AG, Vienna
2010-2014 Member of the Management Board, Board Spokesman, Erste Bank der oesterreichischen Sparkassen AG; Vienna
since 2015 Chairman and Chief Executive Officer, Erste Bank der oesterreichischen Sparkassen AG; Vienna

Mag. Agnes STREISSLER-FÜHRER

Deputy General Secretary, Union of Private Sector Employees, Vienna

1986-1991 Degree in History, University of Vienna
1988-1993 Degree in Economics, University of Vienna
1993-2006 Researcher, Department for Economics, Austrian Chamber of Labour, Vienna
2006-2008 Head, Department for Economic Policy, Austrian Chamber of Labour, Vienna
2008 Managing Director, ZIT- Centre for Innovation and Technology, Vienna
2009-2017 Founder and Director, Consultancy Agnes Streissler - Wirtschaftspolitische Projektberatung, Vienna
2017-2018 Member of Federal Executive Board, Union of Private Sector Employees, Vienna
since 2018 Deputy General Secretary, Union of Private Sector Employess, Vienna

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