International Conference

Reassessment of the ‘Optimal Currency Area’ theory in the persistently heterogeneous European Union

9-10 September 2021, Vilnius

The international conference organized by the Euro4Europe project team offers an opportunity to discuss and rethink key theories, concepts, and methods on economic integration, business cycles’ asymmetries and synchronization, the transmission of macroeconomic shocks on national, supranational, and regional scales. The Euro4Europe project, funded by the EU Social Fund, explores the impact of European integration on business cycle asymmetries (BCA) and provides empirical evidence about long-standing disputes whether integration increases or decreases BCA.

The conference organizers are keen to hear from researchers who rethink theories and propose new concepts and methods on national business cycle synchronization, transmission of macroeconomic shocks, economic integration and its impact at different geographical scale, regional business cycle synchronization’ impact on resilience and recovery of regions.

The conference will be arranged in a hybrid format. There is no registration fee.


Important Dates

1 June, 2021 Deadline for papers submission

15 June, 2021 Notification of acceptance

30 June, 2021 Deadline for registration of participants



Key Areas of the Conference

National Business Cycle Synchronization

Economic Integration and Transmission of Macroeconomics Shocks

The Impact of Economic Integration on Regional Business Cycle Synchronization


Keynote speakers


Kamiar Mohaddes

Dr. Kamiar Mohaddes
University of Cambridge

Dr Mohaddes’ main areas of research are applied macroeconomics, energy economics, climate change, and Middle East economics. His articles have been published in a number of edited volumes as well as in leading journals, and have been covered in major international news outlets. He is currently a consultant at the Asian Development Bank and has previously served as a Departmental Special Advisor at the Bank of Canada, a consultant at the United Nations ESCWA, and a regular visiting scholar at the International Monetary Fund.

. .


Dr. Georgios Georgiadis
European Central Bank

Dr Georgiadis’ research interests are international macroeconomics, international finance, and macroeconometrics. He has published in leading professional journals such as Journal of Monetary Economics, Journal of International Economics, European Economic Review, among many others. Dr Georgiadis has excensively contributed to policy work, covering a wide range of topics (global value chains, service trade liberalization, exchange rate pass-through to import and export prices, among others).



Professor Paul de Grauwe
London School of Economics and Political Science

Prof. de Grauwes' research interests are international monetary relations, monetary integration, theory and empirical analysis of the foreign-exchange markets, and open-economy macroeconomics. His published books include “The Economics of Monetary Union”, “International Money. Post-war Trends and Theories”, “The exchange rate in behavioral finance framework”. He has published more than a hundred scientific articles covering a lot of topics on monetary and fiscal policies, behavioral economics, structural reforms, growth and inequality, EMU, business cycles, and more.



Scientific Committee

Dr. Svatopluk Kapounek

Ph. D. Povilas Lastauskas

Dr. Jesus Crespo Cuaresma

Dr. Jarko Fidrmuc

Ph. D. Mariarosaria Comunale

Dr. Dmitrij Celov

Ph. D. Rima Rubčinskaitė

Ph. D. Laimutė Urbšienė

Ph. D. Algirdas Bartkus

Ph. D. Linas Tarasonis

Organization Committee

Dr. Svatopluk Kapounek

Ph. D. Povilas Lastauskas

Ph. D. Rima Rubčinskaitė

Aistė Simanavičienė


Starts: 9 a.m. 9th September 2021

Ends: 5 p.m. 10 September 2021

The detailed programme will be announced at the beginning of August.




Full-paper submission here

Registration for non-presenting participants is welcome here

1 June, 2021 Deadline for paper submission

30 June, 2021 Deadline for registration of participants

There is no registration fee for all participants.

Call for papers

Research papers falling in the key areas of the conference, broadly interepreted, are welcome. Only completed papers in English (PDF format) should be submitted to .


Online Teams and Vilnius University, University str 3, Vilnius

Contact us


(+370 5) 236 60 08


Saulėtekio ave 9, II building, Vilnius, Lithuania



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