Managing Capital Flows: Search for a Model - High-Level Conference
Agenda

Registration

Opening Remarks:
Masahiro Kawai, Dean, Asian Development Bank Institute (ADBI)

Keynote Address
Hiroshi Watanabe, Former Vice Minister, Ministry of Finance, Japan
Special Adviser to the President of the Japan Center for International Finance, Ministry of Finance, Japan

Session 1

Chair: A. G. Karunasena, Executive Director, The South East Asian Central Banks (SEACEN) Research and Training Centre Lorong, Kuala Lumpur

Presentation: Lessons Learnt From Existing Studies on Capital Flows

Speakers:
Masahiro Kawai, Dean, ADBI

Shinji Takagi, Visiting Fellow, ADBI And Osaka University

Lead Discussant: Charles Adams, Professor, Singapore National University, Singapore

Open Floor Discussion

Coffee Break

Session 2

Chair: Mohamed Ariff, Executive Director, Malaysian Institute of Economic Research (MIER)

Presentation: Highlights of The Perspective Papers on Capital Flows

Speakers:
Stephen Grenville, Adjunct Professor, Crawford School, Australian University and Visiting Fellow, Lowly Institute for International Policy
Paper: Central Banks and Capital Flows

Susan Schadler, Formerly Deputy Director, European Department, International Monetary Fund
Paper: Managing Large Capital Inflows: Taking Stock of International Experiences

Robert N. McCauley, Bank for International Settlement
Paper: Managing Recent Hot Money Inflows in Asia

Juergen von Hagen, Professor of Economics and Director of Institut für Internationale Wirtschaftspolitik, University of Bonn
Paper: Managing Capital Flows: The Experience of New EU Member States

Sergio Schmukler, Lead Economist, Development Research Group, World Bank
Paper: International Financial Integration through the Law of One Price: The Role of Liquidity and Capital Controls

Lead Discussants:
Takatoshi Ito, Professor, The University of Tokyo
Sunil Sharma, Director, IMF-Singapore Regional Training Institute
Aladdin Rillo, Adviser, ASEAN Secretariat, Jakarta, Indonesia
Denis Hew, Senior Fellow, Institute of Southeast Asian Studies (ISEAS), Singapore
Biswanath Bhattacharyay, Special Adviser to the Dean, Asian Development Bank Institute

Open Floor Discussion

Lunch Break

Session 3

Chair: Akira Ariyoshi, Director, International Monetary Fund Regional Office for Asia and the Pacific

Presentation: Asian Experiences in Managing Capital Flows: Key Findings from the Country Studies

• People's Republic of China
• India
• Indonesia
• Republic of Korea
• Malaysia
• Philippines
• Singapore
• Thailand
• Viet Nam

Speakers: Asian Think Tanks Researchers: Summary to be presented by:
Mario B. Lamberte, Director of Research, ADBI
Doo Yong Yang, Research Fellow, ADBI

Lead Discussants:
R.K. Pattnaik, Adviser, Department of Economic Analysis and Policy, Reserve Bank of India, India
Hartadi A. Sarwono, Deputy Governor, Bank Indonesia, Indonesia
Somphao Phaysith, Deputy Governor, Bank of the Lao PDR, Lao PDR
Sang Kuang Ooi, Deputy Governor, Bank Negara Malaysia, Malaysia
Alisara Mahasandana, Director, Exchange Control Department, Bank of Thailand, Thailand

Open Floor Discussion

Session 4

Chair: Yung Chul Park, Center of International Trade and Finance, Seoul National University

Presentation: Policy Framework And Challenges to Manage Capital Flows

Speaker: Masahiro Kawai, Dean, Asian Development Bank Institute

Lead Discussants:
Neav Chanthana, Deputy Governor, National Bank of Cambodia, Cambodia
GUO Song, Deputy Director-General, Capital Account Management Department, State Administration of Foreign Exchange, People’s Republic of China
Kyungsoo Kim, Deputy Governor, Bank of Korea, Republic of Korea
Shigeto Nagai, Associate Director-General, International Department, Bank of Japan, Japan
Francis Dakila, Director, Center for Monetary and Financial Policy, Bangko Sentral ng Pilipinas, Philippines
Nguyen Quang Huy, Director General, Department of Foreign Exchange, State Bank of Viet Nam, Viet Nam

Open Floor Discussion

Coffee Break

Session 5

Chair: Chalongphob Sussangkarn, Former Minister of Finance, Thailand, Currently Distinguished Fellow, Thailand Development Research Institute

Panel Session: Discussion on the next steps to be undertaken to address the identified policy challenges

Panelists:
HU Xuehao, Deputy Director-General, Finance Department, Ministry of Finance, People’s Republic of China
Arvind Virmani, Chief Economic Advisor, Ministry of Finance, India
Anggito Abimanayu, Chairman, Fiscal Policy Office, Ministry of Finance of Indonesia
Hisashi Ono, Director, Ministry of Finance, Japan
Kyung Wook Hur, Deputy Minister for International Affairs, Ministry of Finance and Economy, Republic of Korea
Vienthong Siphandone, Vice Minister, Ministry of Finance, Lao PDR
Sundaran Annamalai, Deputy Under-Secretary, Economics and International Division, Ministry of Finance, Malaysia
Roberto B. Tan, Department of Finance, Philippines
Teo Ming Kian, Permanent Secretary, Ministry of Finance, Singapore
Sun Vithespongse, Advisor in Finance, Office of Permanent Secretary, Ministry of Finance, Thailand
TRAN Xuan Ha, Ministry of Finance, Viet Nam

Dinner Reception
(Keyaki, Kasumigaseki Building, 33rd floor)

End of Conference