Federal Reserve Bank of San Francisco

Economic Research

2013 Asia Economic Policy Conference: Prospects for Asia and the Global Economy
Program

November 3 - November 5, 2013

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Sunday, November 3

5:15 pmRegistration
   
6:00 pmOpening Reception
 

7:00 pmDinner
 

Welcoming Remarks
 

John C. Williams, President and Chief Executive Officer
Federal Reserve Bank of San Francisco

Jerome H. Powell, Governor 
Board of Governors of the Federal Reserve System

Monday, November 4

7:45 amRegistration and Breakfast
   
8:30 amIntroductory Remarks
 

John C. Williams, President and Chief Executive Officer
Federal Reserve Bank of San Francisco

8:30 amOpening Address
 

Jerome H. Powell, Governor 
Board of Governors of the Federal Reserve System

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9:15 amSession 1: Asiaphoria Meet Regression to the Mean
 

Chair: Reuven Glick, Group Vice President, Federal Reserve Bank of San Francisco

Authors: Lant Pritchett and Lawrence H. Summers, Harvard University

Discussants: Chang-Tai Hsieh, University of Chicago and Robert C. Feenstra, C. Bryan Cameron Distinguished Chair in International Economics, University of California, Davis

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10:05 amGeneral Discussion
 

10:30 amBreak
 

11:00 amSession 2: Crowding out Redefined: The Role of Reserve Accumulation
 

Authors: Carmen M. Reinhart and Takeshi Tashiro, Harvard University

Discussants: Alan M. Taylor, University of California, Davis and J. Bradford DeLong, University of California, Berkeley

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11:50 amGeneral Discussion
 

12:30 pmLunch
 

Keynote Address: The Shifts and the Shocks: Emerging Economies in an Age of Financial Crisis
 

Martin Wolf, Financial Times

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2:00 pmSession 3: Surprising Similarities: Recent Monetary Regimes of Small Economies
 

Author: Andrew K. Rose, University of California, Berkeley

Discussants: Frederic Mishkin, Columbia University and Anil Kashyap, University of Chicago

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2:50 pmGeneral Discussion
 

3:15 pmAdjourn
 

6:00 pmReception
   
7:00 pmDinner
 

Keynote Address: The Second Phase of Global Liquidity and Its Impact on Emerging Economies
 

Hyun Song Shin, Princeton University

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Tuesday, November 5

7:45 amRegistration and Breakfast
   
8:30 amSession 4: Macroprudential Policies in a Global Perspective
 

Chair: Mark Spiegel, Vice President and Director of the Center for Pacific Basin Studies, Federal Reserve Bank of San Francisco

Author: Olivier Jeanne, Johns Hopkins University

Discussants: Jonathan D. Ostry, International Monetary Fund and Guillermo Calvo, Columbia University

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9:20 amGeneral Discussion
 

9:45 amSession 5: Financial Regulation after the Crisis: How Did We Get Here, and How Do We Get Out?
 

Author: Gerard Caprio, Williams College

Discussants: Takeo Hoshi, Stanford University and Ashoka Mody, Princeton University

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10:35 amGeneral Discussion
 

11:00 amBreak
 

11:30 amSession 6: Policymaker Panel
 

Woon Gyu Choi, Deputy Governor and the Director General of the Economic Research Institute, Bank of Korea

David Dollar, Senior Fellow, John L. Thornton China Center, Brookings and Former Economic and Financial Emissary to China, U.S. Treasury

John Murray, Deputy Governor, Bank of Canada

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Download paper (Murray) (pdf, 235 kb)

12:30 pmGeneral Discussion
 

12:45 pmClosing Remarks

Barry Eichengreen, University of California, Berkeley

1:15 pmLuncheon