2009 Asia Economic Policy Conference: Asia and the Global Financial Crisis

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.

Conference Volume (full pdf)
Contents
Foreword
	Janet L. Yellen, President and CEO, Federal Reserve Bank of San Francisco
Conference Summary
	Reuven Glick, Group Vice President, Federal Reserve Bank of San Francisco
	Mark M. Spiegel, Vice President, Federal Reserve Bank of San Francisco
Welcome Address: Asia and the Global Financial Crisis
	Ben S. Bernanke, Chairman, Board of Governors of the Federal Reserve System
	General Discussion
The Impact of the Financial Crisis on Emerging Asia
	Morris Goldstein, Dennis Weatherstone Senior Fellow, Peterson Institute for International Economics
	Daniel Xie, Research Assistant, Peterson Institute for International Economics
	Commentary
	Michael Mussa, Senior Fellow, Peterson Institute for International Economics
	General Discussion
Lessons from Asian Financial Experience
	Anne O. Krueger, Professor of International Economics, Paul H. Nitze School of Advanced International Studies, Johns Hopkins University
	Commentary
	Andrew Sheng, Chief Adviser, China Banking Regulatory Commission
	General Discussion
Global Imbalances and the Financial Crisis: Products of Common Causes
	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
	Commentary
	Ricardo J. Caballero, Ford International Professor of Economics, Massachusetts Institute of Technology
	Commentary
	Jacob Frenkel, Chairman and Chief Executive Officer, Group of Thirty
	General Discussion
Keynote Address: Reforming the Global Financial Architecture
	Andrew Crockett, President, JPMorgan Chase International
	General Discussion
Fire, Flood, and Lifeboats: Policy Responses to the Global Crisis of 2007–09
	Takatoshi Ito, Professor, Graduate School of Economics, University of Tokyo
	Commentary
	Frederic Mishkin, Alfred Lerner Professor of Banking and Financial Institutions, Columbia Business School
	General Discussion
Panel Discussion: Experiences with the Crisis
The Global Financial Crisis: Impact on Asia and Policy Challenges Ahead
	Heng Swee Keat, Managing Director, Monetary Authority of Singapore
Global Financial Crisis and the Korean Economy
	Kyungsoo Kim, Deputy Governor and Director General, Institute for Monetary and Economic Research, Bank of Korea
Global Financial Crisis: Japan’s Experience and Policy Response
	Takafumi Sato, former Commissioner, Financial Services Agency, Japan
	Panel: General Discussion
The Financial Crisis and Global Policy Reforms
	Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley
	Commentary
	Anil K. Kashyap, Edward Eagle Brown Professor of Economics and Finance, University of Chicago Booth School of Business
	General Discussion
Closing Remarks: Asia, the Financial Crisis, and Global Economic Governance
	John Lipsky, First Deputy Managing Director, International Monetary Fund
	General Discussion
Contributors
Conference Participants
For more research on Pacific Basin topics, please visit the Federal Reserve Bank of San Francisco’s Center for Pacific Basin Studies.