| Thursday 19 March 2009
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| Opening remarks
Sung-il Lee, Senior Deputy Governor, Bank of Korea |
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| Opening remarks
Már Gudmundsson, Deputy Head of Monetary and Economic Department, Bank for International Settlements |
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| Session one: Current issues in currency internationalisation | ||
| Chair: Eli Remolona, Chief Representative for Asia and the Pacific, Bank for International Settlements | ||
| Currency internationalisation: an overview Peter Kenen, Professor Emeritus, Princeton University |
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| Motivations for swap-covered foreign currency borrowig
Anella Munro and Philip Wooldridge, Senior Economists, BIS Asian Office |
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| Session two: Perspectives from Europe and Japan | ||
| Chair: Akinari Horii, Assistant Governor, Bank of Japan | ||
| The euro: internationalised at birth
Frank Moss, Director General, International Relations, European Central Bank |
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| Internationalising the yen, 1984-2003: unfinished agenda or mission impossible?
Shinji Takagi, Professor, Osaka University |
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| Discussant: Robert McCauley, Senior Advisor, Bank for International Settlements (discussion) | ||
| Session three: Prospects for the renminbi | ||
| Chair: Ric Battellino, Deputy Governor, Reserve Bank of Australia | ||
| Internationalisation of the renminbi
Yongding Yu and Haihong Gao, Chinese Academy of Social Sciences |
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| The potential of the renminbi as an international currency: what we can learn from international experience
Wensheng Peng, Head of China Research, Barclays Capital Hongyi Chen, Senior Manager, Hong Kong Institute for Monetary Research Chang Shu, Senior Manager, Hong Kong Monetary Authority |
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| Discussant: Frank Song, Professor, School of Economics and Finance, University of Hong Kong | ||
| Session four: Progress towards internationalisation | ||
| Chair: Rizal A. Djaafara, Director of Center for Banking Education and Studies, Bank Indonesia | ||
| Dealing with the benefits and costs of internationalisation of the Korean won
Kyungsoo Kim, Deputy Governor Young Kyung Suh, Deputy Director-General, Institute for Monetary and Economic Research, Bank of Korea |
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| Singapore dollar's evolution away from non-internationalisation
Luke Goh, Deputy Director and Head, Reserve & Monetary Management, Monetary Authority of Singapore |
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| Discussant: Atchana Waiquamdee, Deputy Governor, Bank of Thailand (discussion) | ||
| Session five: The regional dimension | ||
| Chair: Kyungsoo Kim, Deputy Governor, Bank of Korea | ||
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Internationalisation of currency in East Asia: implications for regional monetary and financial cooperation Yung Chul Park and Kwanho Shin, Professors, Korea University |
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| Discussant: Rizal A. Djaafara, Director of Center for Banking Education and Studies, Bank Indonesia (discussion) | ||
| Friday 20 March 2009
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| Session six: Monetary policy challenges with an internationalised currency | ||
| Chair: Do-Soung Choi, Member of the Monetary Policy Committee, Bank of Korea | ||
| An internationalised rupee?
Shyamala Gopinath, Deputy Governor, Reserve Bank of India |
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| A generation of an internationalised Australian dollar
Ric Battellino, Deputy Governor, Reserve Bank of Australia |
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| Discussant: Diwa Guinigundo, Deputy Governor, Bangko Sentral ng Pilipinas (discussion) | ||
| Session seven: Panel Discussion: Lessons from the crisis and prospects for the future | ||
| Chair: Már Gudmundsson, Deputy Head of Monetary and Economic Department, Bank for International Settlements | ||
| Currency internationalisation: analytical and policy issues
Hans Genberg, Executive Director, Hong Kong Monetary Authority |
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| Panelists: |
Akinari Horii, Assistant Governor, Bank of Japan (panel discussion)
Gwang-Ju Rhee, Deputy Governor, Bank of Korea (panel discussion) Grant Spencer, Deputy Governor, Reserve Bank of New Zealand (panel discussion) Sang Kuang Ooi, Deputy Governor, Bank Negara Malaysia |
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