ADBI-PRI Conference on Global Financial and Economic Crisis – Europe in Crisis?: Lessons for Asia and from Japan
Agenda

Registration

Opening Remarks - Shunichiro Higuchi, President, MoF Policy Research Institute (PRI)

Welcome Remarks - Masahiro Kawai, Dean, Asian Development Bank Institute (ADBI)

Session I: Implications for the Eurozone and Asia

Chairperson: Masayuki Goto, PRI

Paper 1: European Integration and Financial Crisis: Causes, Implications and Policy Directions
This paper provides an analysis of the causes, implications and policy directions of the current European economic financial crisis.

Presenter: Laurence Boone, Barclays Capital

• Presentation: European Integration and Financial Crisis: Causes, Implications and Policy Directions [ PDF 761.2KB | 37 pages ]

Paper 2: Lessons of European Economic Integration for Asia
This paper provides an analysis and recommendations regarding the lessons of European Economic Integration for Asia.

Presenters:
Masahiro Kawai, ADBI
Giovanni Capannelli, Asian Development Bank

• Presentation: Lessons of European Economic Integration for Asia [ PDF 359.3KB | 36 pages ]

Comments by Discussants

Discussant of Paper 1: Michael Pomerleano, ADBI Visiting Fellow
Discussants of Paper 2: Shin-ichi Fukuda, Tokyo University
Mikio Kajikawa, Customs and Tariff Bureau, MoF

Open Floor Discussion

Lunch break

Session II: Implications outside the Eurozone

Chairperson: Mario B. Lamberte, ADBI

Paper 3: The Euro after its First Decade: Weathering the Financial Storm and Enlarging the Euro Area
This paper provides an analysis of the implications of the current financial crisis for the euro as an international currency, as well as the size and viability of the Eurozone.

Presenter: Reinhard Felke, European Commission

• Presentation: The Euro after its First Decade: Weathering the Storm and Enlarging the Euro Area [ PDF 521.6KB | 32 pages ]

Paper 4: Crisis in Emerging Europe – Explaining Impact and Policy Response
This paper provides an analysis of the challenges of former and current transition economies in Europe

Presenter: Erik Berglof, European Bank for Reconstruction and Development

• Presentation: Crisis in Emerging Europe – Explaining Impact and Policy Response [ PDF 565.8KB | 41 pages ]

Comments by Discussants

Discussant of Paper 3:
Takehiko Nakao, International Bureau, MoF
Tokuo Iwaisako, PRI

Discussant of Paper 4: Shinji Takagi, Osaka University

Open Floor Discussion

Coffee break

Session III: Lessons from and for Asia

Chairperson: Osamu Tanaka, PRI

Paper 5: Lessons of the Japanese Financial Crisis for the Eurozone Financial and Economic Crisis
This paper provides an analysis and recommendations regarding the lessons of Japan for the Eurozone financial and economic crisis.

Presenter: Sahoko Kaji, Keio University

Paper 6: Fiscal Policy in the Crisis: Impact, Sustainability, Long Term Implications
This paper provides an analysis of fiscal stimulus and sustainability in the EU during the current crisis.

Presenter: Pier Carlo Padoan, OECD

• Presentation: Fiscal Policy in the Crisis: Impact, Sustainability, Long Term Implications [ PDF 459.4KB | 29 pages ]

Comments by Discussants

Discussant of Paper 5: Eiji Ogawa, Hitotsubashi University
Discussant of Paper 6: Akira Ariyoshi, IMF, Tokyo office

Open Floor Discussion

Coffee break

Session IV: Panel Discussion

Panel Session

Moderator: Masahiro Kawai

Panelists:

1. Pier Carlo Padoan
2. Reinhard Felke
3. Erik Berglof
4. Sahoko Kaji
5. Masashi Nagaosa, International Bureau, MoF

Closing Remarks: Keimei Kaizuka, Professor Emeritus, Tokyo University, Special Adviser to PRI

Reception