Crisis Prevention in Emerging Markets
IMF-Singapore Government High level seminar
Singapore, July 10–11, 2006
In the run up to the IMF-World Bank Annual Meetings in September 2006, the IMF and the Singapore Government have organized a high-level seminar on Crisis Prevention in Emerging Market Economies on July 10-11, 2006 in Singapore. The seminar will bring together economists and policymakers from around the world to i) distill the lessons learned from recent crises; ii) discuss the problems created by open capital accounts for macroeconomic and financial policymaking; iii) analyze the issues raised by sovereign self-insurance, regional reserve pooling arrangements, and preemptive financing for countries; and iv) explore the challenges ahead for crisis prevention.
The seminar is by invitation only. For more information please contact Mr. Sunil Sharma, Director, IMF- Singapore Regional Training Institute at (ssharma@imf.org).
Background material:
Program
| Monday, July 10 | |
|---|---|
| 8:00 a.m.–9:00 a.m. | Registration and Coffee |
| 9:00 a.m.–9:30 a.m. | Opening Remarks: |
| Heng Swee Keat, Managing Director, Monetary Authority of Singapore | |
|
Crisis Prevention and the IMF Takatoshi Kato, Deputy Managing Director, IMF |
|
| Session 1 : Lessons from Recent Crises | |
| Chair: Mark Allen, Director, Policy Development and Review Department, IMF | |
| Speakers: | |
| 9:30 a.m.–10:00 a.m. | Atish Rex Ghosh, Division Chief, Policy Review Division, Policy Development and Review Department, IMF |
| 10:00 a.m.–10:30 a.m. | Kihwan Kim, International Chair, Pacific Economic Cooperation Council, and Chairman, Seoul Finance Forum |
| Coffee Break | |
| 11:00 a.m.–11:30 a.m. | Pierre Cailleteau, Senior Vice-President and Chief Sovereign Credit Officer, Moody’s Investors Service |
| 11:30 a.m.–12:30 p.m. | Open Discussion |
| 12:30 p.m.–2:00 p.m. | Lunch |
| Session 2 : Macroeconomic Management with Open Capital Accounts | |
| Chair: Daniel Citrin, Deputy Director, Asia & Pacific Department, IMF | |
| Speakers: | |
| 2:00 p.m.–2:30 p.m. | Klaus Schmidt-Hebbel, Director, Economic Research, Central Bank of Chile |
| 2:30 p.m.–3:00 p.m. | Gyorgy Szapary, Deputy Governor, Central Bank of Hungary |
| 3:00 p.m.–3:30 p.m. | Faik Öztrak, Former Undersecretary of Finance, Turkey, and currently professor and columnist |
| Coffee Break | |
| 4:00 p.m.–4:30 p.m. | Khor Hoe Ee, Assistant Managing Director, Monetary Authority of Singapore |
| 4:30 p.m.– 5:30 p.m. | Open Discussion |
| 6:30 p.m.–8:00 p.m. | Dinner (by invitation only) |
| Tuesday, July 11 | |
| Session 3 : Self Insurance, Regional Arrangements, and Preemptive Financing | |
| Chair: Khor Hoe Ee, Assistant Managing Director, Monetary Authority of Singapore | |
| Speakers: | |
| 9:00 a.m.–9:30 a.m. | Sunil Sharma, Director, IMF-Singapore Regional Training Institute |
| 9:30 a.m.–10:00 a.m. | Joaquim Levy, Vice President Inter-American Development Bank and ex-Secretary of the Treasury, Brazil |
| 10:00 a.m.–10:30a.m. | Atchana Waiquamdee, Assistant Governor, Bank of Thailand |
| Coffee Break | |
| 11:00 a.m.–11:30 a.m. | Anoop Singh, Director, Western Hemisphere Department, IMF |
| 11:30 a.m.–12:30 p.m. | Open Discussion |
| 12:30 p.m.–2:00 p.m. | Lunch |
|
Session 4 : Panel Discussion Crisis Prevention: Challenges Ahead |
|
| Chair: Leslie Lipschitz, Director, IMF Institute | |
| Speakers: | |
| 2:00 p.m.–2:15 p.m. | Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, India, and former Director, Independent Evaluation Office, IMF |
| 2:15 p.m.–2:30 p.m. | Mario Blejer, Director, Centre for Central Banking Studies, Bank of England, and former Governor, Central Bank of Argentina |
| 2:30 p.m.–2:45 p.m. | Diwa Guinigundo, Deputy Governor, Central Bank of the Philippines |
| 2:45 p.m.–3:00 p.m. | Mark Allen, Director, Policy Development and Review Department, IMF |
| 3:00 p.m.–4:00 p.m. | Open Discussion |
| 4:00 p.m.–4:15 p.m. | Concluding Remarks |