A RAND Conference
Doing Business with the Euro: Risks and Opportunities
This one-day conference will explore the effects of the euro on U.S. business operations.
Sponsored by RAND, with the support of the European Union
| Date: | May 18, 2005 |
| Location: | The Omni William Penn Hotel Pittsburgh, Pennsylvania |
| Time: | 8:30 a.m. — 4:30 p.m. |
Purpose
Knowledge in the United States of the economic and financial effects and implications of the euro is often limited, even among members of the business and financial communities. To better inform the U.S. business and financial communities about the effects of the euro on U.S. business operations, RAND, with the support of the Delegation of the European Commission, invites you to attend a conference on “Doing Business with the Euro.” The purpose of the conference is to share the experiences of U.S. CEOs and senior executives in the financial and business community on reorganizing their financial and business operations to take advantage of the euro.
This conference will bring together approximately 100 senior executives of major corporations and senior policymakers from the United States and Europe. The day’s discussions will highlight strategic, operational, and financial changes and decisions that have been made by corporations and financial institutions in response to the introduction of the euro.
Agenda
8:30 – 9:00 Registration9:00 – 9:15 IntroductionWelcome by Hervé Carré of the Delegation of the European Commission and James A. Thomson, President and CEO, The RAND Corporation9:15 – 10:30 The Euro, the Yen, the Renmimbi, and the Dollar: Portfolio Shifts and Capital Account BalancesThis session will explore the effects of the euro on corporate portfolio allocations of financial assets and liabilities and government financing of capital account balances.Speakers:Dr. de Beaufort Wijnholds, Representative of the European Central Bank to the International Monetary FundWilliam Overholt, Senior Economist, RAND CorporationNorbert Walter, Chief Economist, DeutscheBankModerator:Professor Alberta Sbragia, Director, European Studies, University of Pittsburgh10:30 – 10:45 Coffee break10:45 – 12:15 Financial Industry Roundtable – The Euro and Global Finance: Implications for European and North American BusinessThe impact of the euro on company and transaction financing will be the focus of this discussion. Presenters will offer their insights and experiences about shifts in the denomination of assets and liabilities by currency. Examples will be offered of ways in which the euro has been beneficial to international finance.Speakers:Glenn H. Graner, Chief Financial Officer, Kirkpatrick & Lockhart Nicholson Graham, LLPDavid K. Richards, InvestorJames E. Rohr, Chairman and CEO, The PNC Financial Services GroupModerator:Barry Balmat, Director, RAND Pittsburgh Office |
12:30 – 2:00 Lunch and Keynote Speech – Corporate America and the EuroPaul H. O'Neill, former Secretary of the Treasury and former CEO, Alcoa2:00 – 3:15 Corporate Experiences with the Euro: Effects on Business Strategies and OperationsChanges made in corporate strategies and operations that were either driven or affected by the introduction of the euro will be the focus of this session. Speakers will describe how the euro has been beneficial to their operations, as well as discussing problems they have encountered.Speakers:L. Patrick Hassey, Chairman, President and CEO, Allegheny Technologies, Inc.Dr. Attila Molnar, President and CEO, Bayer CorporationModerator:Ambassador James Dobbins, International Security and Defense Policy Center Director, RAND Corporation3:30 – 4:15 Implications of the Euro for Global Trade and InvestmentIn this session, speakers will highlight changes in operations in Europe and in North America as a result of the introduction of the euro, benefits of the euro for businesses and consumers, and specific U.S. and European views of the effects of the euro on the business environment in Europe.Speakers:Hervé Carré of the Delegation of the European CommissionGary Litman, Vice President, Europe and Eurasia, U.S. Chamber of CommerceZbyszko Tabernacki, Executive Managing Director, Global Insight, Inc.Moderator:Dr. Keith Crane, Senior Economist, RAND Corporation4:15 – 4:30 Closing RemarksAmbassador John Bruton, Ambassador of the Delegation of the European Commission |
Conference Site
Listed on the National Register of Historic Places and designated a Historic Landmark by the Pittsburgh History and Landmarks Foundation, the Omni William Penn Hotel is conveniently located in the heart of downtown Pittsburgh.
About RAND
The mission of the RAND Corporation is to help improve policy and decisionmaking through research and analysis.
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About The European Commission
The European Commission is the politically independent institution that represents and upholds the interests of the European Union as a whole.
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