Exchange Rate Regimes in the 21st Century
July 1-2, 2002
Institute for Monetary and Economic Studies
Bank of Japan
- Program -
Introduction: ([55KB PDF])
Monday, July 1
| 9:00 | Opening Speech: | Masaru Hayami Governor, Bank of Japan ([31KB PDF]) <Japanese version ([11KB PDF])> |
| 9:20-10:10 | Keynote Speeches: | Allan H. Meltzer Carnegie Mellon University ([70KB PDF]) Maurice Obstfeld University of California, Berkeley ([148KB PDF]) |
| 10:10-10:25 | Coffee Break | |
| 10:25-11:55 | Do Currency Regimes Matter in the 21st Century? An Overview ([224KB PDF]) | |
| Chairperson: | Miyako Suda Bank of Japan |
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| Paper Presenters: | Hiroshi Fujiki Bank of Japan Akira Otani Bank of Japan |
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| Discussants: | Stefan Gerlach Hong Kong Monetary Authority Reuven Glick Federal Reserve Bank of San Francisco |
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| 11:55-13:30 | Luncheon at BOJ | |
| 13:30-15:00 | Exchange Rate Regimes in the Americas: Is Dollarization the Solution? ([164KB PDF]) |
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| Chairperson: | Thomas M. Hoenig Federal Reserve Bank of Kansas City |
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| Paper Presenter: | Vittorio Corbo Pontificia Universidad Catolica de Chile |
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| Discussants: | Linda S. Goldberg Federal Reserve Bank of New York Angel Palerm Bank of Mexico |
|
| 15:00-15:15 | Coffee Break | |
| 15:15-16:45 | Monetary and Fiscal Policy in the European Monetary Union ([219KB PDF]) | |
| Chairperson: | Jorge Braga de Macedo OECD |
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| Paper Presenter: | Juergen von Hagen University of Bonn |
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| Discussants: | Nigel H. Jenkinson Bank of England Stefan Schoenberg Deutche Bundesbank |
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| 16:45 | Adjournment | |
Tuesday, July 2
| 9:00-10:30 | Exchange Rate Arrangements in East Asia: Lessons from the Currency Crisis ([261KB PDF]) |
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| Chairperson: | Malcolm D. Knight Bank of Canada |
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| Paper Presenter: | Masahiro Kawai Ministry of Finance, Japan |
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| Discussants: | Chow Hwee Kwan The Monetary Authority of Singapore Eiji Hirano Bank of Japan |
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| 10:30-10:45 | Coffee Break | |
| 10:45-12:15 | Independent Currency Unions, Growth and Inflation ([136KB PDF]) | |
| Chairperson: | Jerry L. Jordan Federal Reserve Bank of Cleveland |
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| Paper Presenter: | Igal Magendzo Central Bank of Chile |
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| Discussants: | Gabriele Galati Bank for International Settlements Robert Rankin Reserve Bank of Australia |
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| 12:15-13:30 | Luncheon at BOJ | |
| 13:30-15:00 | Concluding Panel: The Relationship between Exchange Rate Stability and Domestic Price Stability([168KB PDF]) | |
| Introductory Remark | Kunio Okina Bank of Japan |
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| Panelists Speeches: | Roger W. Ferguson, Jr. Boardof Governors of the Federal Reserve System Pierre van der Haegen European Central Bank Yutaka Yamaguchi Bank of Japan Allan H. Meltzer Maurice Obstfeld |
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| 15:00-15:15 | Coffee Break | |
| 15:15-15:45 | Rejoinders by Panelists | |
| 15:45-16:45 | General Discussion by all the Participants | |
| 16:45-17:00 | Final Remark | Kazuo Ueda Bank of Japan ([34KB PDF]) |
| 17:00 | Adjournment | |