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