The Federal Reserve Bank of San Francisco inaugurated its Asia Economic Policy Conference series with a conference on "Asia and the Global Financial Crisis." The conference welcomed central bank officials and other experts from around the world to share their views on linkages across the Pacific and the appropriate macroeconomic and regulatory responses to the crisis |
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| MONDAY, OCTOBER 19, 2009 |
| Opening Remarks |
Asia and the Global Financial Crisis
Ben Bernanke, Chairman, Board of Governors of the Federal Reserve System |
| Sessions Chair: Rakesh Mohan, Distinguished Consulting Professor, Stanford Center for International Development, Stanford University |
| Session 1: The Impact of the Financial Crisis on Asia |
| Authors: |
Morris Goldstein, Dennis Weatherstone Senior Fellow, Peterson Institute for International Economics |
| |
Daniel Xie, Peterson Institute for International Economics |
| Paper: |
The Impact of the Financial Crisis on Emerging Asia |
| Discussant: |
Michael Mussa, Senior Fellow, Peterson Institute for International Economics |
| Session 2: Lessons from Asia |
| Author: |
Anne Krueger, Professor of International Economics, School of Advanced International Studies, Johns Hopkins University |
| Paper: |
Lessons from Asian Financial Experience |
| Discussant: |
Andrew Sheng, Tun Ismail Ali Chair at the Faculty of Economics and Administration, University of Malaya |
| Session 3: The Financial Crisis and Global Imbalances |
| Authors: |
Maurice Obstfeld, Class of 1958 Professor of Economics, University of California, Berkeley |
| |
Kenneth Rogoff, Professor of Economics and Thomas D. Cabot Professor of Public Policy, Harvard University |
| Paper: |
Global Imbalances and the Financial Crisis: Products of Common Causes |
| Discussants: |
Ricardo Caballero, Ford International Professor of Economics, Massachusetts Institute of Technology |
| |
Jacob Frenkel, Chairman and Chief Executive Officer, Group of Thirty (G30) |
| Luncheon Speech |
Reforming the Global Financial Architecture
Sir Andrew Crockett, President, JP Morgan Chase International |
|
| TUESDAY, OCTOBER 20, 2009 |
| Sessions Chair: |
Kevin Warsh, Governor, Board of Governors of the Federal Reserve System |
| Session 4: Global Responses to the Financial Crisis |
| Author: |
Takatoshi Ito, Professor, Graduate School of Economics, The University of Tokyo |
| Paper: |
Fire, Flood, and Lifeboats: Policy Responses to the Global Crisis of 2007-09 |
| Discussant: |
Frederic Mishkin, Alfred Lerner Professor of Banking and Financial Institutions, Columbia Business School |
| Panel Discussion: Experiences with the Crisis |
| Moderator: |
Kevin Warsh, Governor, Board of Governors of the Federal Reserve System |
| Panelists: |
Heng Swee Keat, Managing Director, Monetary Authority of Singapore |
| |
Kyungsoo Kim, Deputy Governor and Director General, Institute for Monetary and Economic Research, Bank of Korea |
| |
Takafumi Sato, Adviser and Former Commissioner, Financial Services Agency |
| Session 5: Global Policy Reforms |
| Author: |
Barry Eichengreen, George C. Pardee & Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley |
| Paper: |
The Financial Crisis and Global Policy Reforms |
| Discussant: |
Anil Kashyap, Edward Eagle Brown Professor of Economics and Finance, University of Chicago Booth School of Business |
| Closing Remarks |
Asia, the Financial Crisis, and Global Economic Governance
John Lipsky, First Deputy Managing Director, International Monetary Fund |
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For more research on Pacific Basin topics, please
visit the Federal Reserve Bank of San Francisco's
Center for Pacific Basin Studies. |
