VIRGINIE COUDERT Economic Advisor, Financial Stability Coordination Department, Banque de France, France CECILE COUHARDE Lecturer, University of Paris 13, France VICTORIA DOBRYNSKAYA Assistant Professor, State University - Higher School of Economics, International College of Economics and Finance, Moscow, Russia JAN FRAIT Professor of Economics, Faculty of Economics, Technical University, Ostrava, Czech Republic; Bank Board Member, Czech National Bank, Czech Republic LUBO KOMAREK Advisor to the Bank Board Member, Czech National Bank, Czech Republic; Associate Professor, Prague School of Economics, Czech Republic; Vice-President, Czech Economic Society, Czech Republic RONALD MACDONALD Adam Smith Professor of Political Economy, University of Glasgow, UK MARTIN MELECKY Department of Economics, University of New South Wales, Australia CHRISTOS PAPAZOGLOU Senior Economist, Economic Research Department, Bank of Greece, Greece; Assistant Professor of Economics, Panteion University of Athens, Greece VIKTOR VARPALOTAI Assistant Professor, University of Budapest, Hungary; Researcher, Magyar Nemzeti Bank, Hungary GREGORY DE WALQUE Economist, National Bank of Belgium, Belgium RAF WOUTERS Senior Economist, National Bank of Belgium, Belgium