Federal Reserve Bank of San Francisco

Economic Research

Asia’s Role in the Post-Crisis Global Economy Federal Reserve Bank of San Francisco San Francisco, California November 29–30, 2011

November 29 - November 30, 2011

The 2011 Asia Economic Policy Conference is the second in a series that the Federal Reserve Bank of San Francisco began in 2009 and holds in alternate years. This series is the flagship event of the Bank’s Center for Pacific Basin Studies, bringing together researchers, private market participants, and policymakers to explore Asia’s evolving role in the global economy.

Conference Volume (full pdf, 6.3 mb)
Contents (pdf, 61 kb)
 
Foreword (pdf, 57 kb)
  John C. Williams, President and CEO, Federal Reserve Bank of San Francisco
 
Conference Summary (pdf, 102 kb)
  Reuven Glick, Group Vice President, Federal Reserve Bank of San Francisco
  Mark M. Spiegel, Vice President, Federal Reserve Bank of San Francisco
   
Opening Remarks
Aggregate Demand and the Global Economic Recovery (pdf, 102 kb)
  Janet L. Yellen, Vice Chair, Board of Governors of the Federal Reserve System
  General Discussion (pdf, 78 kb)
   
Monetary Policy after the Crisis (pdf, 373 kb)
  Lars E.O. Svensson, Deputy Governor, Sveriges Riksbank
  Commentary (pdf, 102 kb)
  Marvin Goodfriend, Professor, Carnegie Mellon University
  General Discussion (pdf, 66 kb)
   
Macroprudential Policies in Open Emerging Economies (pdf, 582 kb)
  Joon-Ho Hahm, Professor, Yonsei University
  Frederic Mishkin, Professor, Columbia Business School
  Hyun Song Shin, Professor, Princeton University
  Kwanho Shin, Professor, Korea University
  Commentary (pdf, 78 kb)
  Anil K Kashyap, Professor, University of Chicago Booth School of Business
  General Discussion (pdf, 78 kb)
   
The Renminbi’s Role in the Global Monetary System (pdf, 1.7 mb)
  Eswar S. Prasad, Professor, Cornell University
  Lei Ye, Cornell University
  Commentary (pdf, 94 kb)
  Shang-Jin Wei, Professor, Columbia University
  General Discussion (pdf, 78 kb)
   
Luncheon Address
China and the Global Economy (pdf, 709 kb)
  Justin Yifu Lin, Chief Economist and Senior Vice President, World Bank
  General Discussion (pdf, 49 kb)
   
Dinner Address
Sustaining China’s Economic Growth after the Global Financial Crisis (pdf, 70 kb)
  Nicholas R. Lardy, Senior Fellow, Peterson Institute for International Economics
  General Discussion (pdf, 57 kb)
   
Asian Regional Policy Coordination (pdf, 270 kb)
  Edwin M. Truman, Senior Fellow, Peterson Institute for International Economics
  Commentary (pdf, 344 kb)
  Dong He, Executive Director of Research, Hong Kong Monetary Authority
  General Discussion (pdf, 61 kb)
   
Global Imbalances and Global Liquidity (pdf, 1.6 mb)
  Pierre-Olivier Gourinchas, Professor, University of California, Berkeley
  Commentary (pdf, 155 kb)
  Kristin Forbes, Professor, MIT Sloan School of Management
  General Discussion (pdf, 61 kb)
   
Panel Discussion: Policy Reforms after the Crisis
Global Policy Challenges in the Post-Crisis Period (pdf, 102 kb)
  Jun Il Kim, Deputy Governor, Bank of Korea
A Macroprudential Perspective in the Conduct of Monetary Policy (pdf, 102 kb)
  Ryuzo Miyao, Member, Policy Board, Bank of Japan
Policy Reforms after the Crisis (pdf, 102 kb)
  Norman T.L. Chan, Chief Executive, Hong Kong Monetary Authority
  General Discussion (pdf, 98 kb)
   
Closing Remarks (pdf, 70 kb)
  Barry Eichengreen, Professor, University of California, Berkeley
   
Contributors (pdf, 98 kb)
Conference Participants (pdf, 57 kb)

For more research on Pacific Basin topics, please
visit the Federal Reserve Bank of San Francisco’s
Center for Pacific Basin Studies.