The "Lamfalussy Lectures Conference", hosted by the Magyar Nemzeti Bank, is one of the key forums for European and global thinking on economic policy. The recent global financial an economic crisis has shaken the foundation of economics and shed new light on issues that were assumed to have been resolved. In this era of paradigm change, it is crucial for top-level national and international economic policy decision-makers to exchange opinions on the newly emerging economic world order. The hight level of economic and financial integration call for the exchange of views, the harmonisation of actions and the  reinforcement of relationship networks among European decision-makers and economic opinion leaders.