Growth, Integration and Monetary Policy in East Asia

May 30 - 31, 2007
Institute for Monetary and Economic Studies
Bank of Japan
- Program -

Wednesday, May 30, 2007

Opening Session
Chairperson: Kazumasa Iwata
Bank of Japan
Opening remarks: Toshihiko Fukui
Bank of Japan
([46KB PDF])
<Japanese version ([28KB PDF])>
Keynote speeches: Bennett T. McCallum
Carnegie Mellon University
([140KB PDF])
Maurice Obstfeld
University of California at Berkeley
([348KB PDF])
Session 1 on "Financial Integration in East Asia"([353KB PDF])
Chairperson: Robert Rasche
Federal Reserve Bank of St. Louis
Paper presenter: Hiroshi Fujiki and Akiko Terada-Hagiwara
Bank of Japan
Discussants: Shaghil Ahmed
Board of Governors of the Federal Reserve System
Masahiro Kawai
Asian Development Bank Institute
Session 2 on "Financial Globalization and Emerging Market Portfolios"([228KB PDF])
Chairperson: Wataru Takahashi
Bank of Japan
Paper presenter: Michael Devereux
University of British Columbia
Discussants: Georges Pineau
European Central Bank
Mark Spiegel
Federal Reserve Bank of San Francisco
Session 3 on "Integration and Growth in East Asia"([282KB PDF])
Chairperson: Michael Moskow
Federal Reserve Bank of Chicago
Paper presenter: Jong-Wha Lee
Asian Development Bank and
Sanghoon Ahn
Korea Development Institute
Discussants: Paul Bloxham
Reserve Bank of Australia
Cheng Hsiao
University of Southern California
Session 4 on "Defining Price Stability in Japan: A View from America"([281KB PDF])
Chairperson: Svante Oberg
Sveriges Riksbank
Paper presenter: David Weinstein
Columbia University
Discussants: Anton Braun
The University of Tokyo
Shigenori Shiratsuka
Bank of Japan

Thursday, May 31, 2007

Session 5 on "Monetary Policy in East Asia: Common Concerns"([197KB PDF])
Chairperson: Nobuo Inaba
Bank of Japan
Paper Presenter: Marvin Goodfriend
Carnegie Mellon University
Discussants: Enrique Alberola Ila
Banco de Espana
Lawrence Schembri
Bank of Canada
Concluding panel on "Growth, Integration and Monetary Policy in East Asia"([207KB PDF])
Moderator: Akinari Horii
Bank of Japan
Panelists: Leonardo Bartolini
Federal Reserve Bank of New York
Hans Genberg
Hong Kong Monetary Authority
Mar Gudmundsson
Bank for International Settlements
Bennett T. McCallum
Carnegie Mellon University
Maurice Obstfeld
University of California at Berkeley
Yu Yongding
Chinese Academy of Social Sciences

Please note that attendance is by invitation only.
As of May 30, 2007