| Friday 7 August 2009
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| Opening remarks
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| Zhou Xiaochuan, Governor, People's Bank of China | ||
| Jaime Caruana, General Manager, Bank for International Settlements | ||
| Presentation of the special BIS background paper for the conference | ||
| Chair: Már Gudmundsson, Deputy Head of Monetary and Economic Department, Bank for International Settlements | ||
| The international financial crisis: the timeline, policy responses and impact in Asia and the Pacific
Andrew Filardo (Bank for International Settlements) |
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| Session one: Development of Financial Markets in Asia and the Pacific | ||
| Chair: Joseph Yam, Chief Executive, Hong Kong Monetary Authority | ||
| Keynote speech: | Development of financial markets in Asia and the Pacific Suresh Sundaresan, Capula Investment Management and Columbia University |
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| Internationalisation of Asia-Pacific bond markets | ||
| Part 1 - Motivations for swap-covered foreign currency borrowing Anella Munro (Bank for International Settlements), Philip Wooldridge (Bank for International Settlements) |
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| Part 2 - Why issue bonds offshore? Susan Black (Reserve Bank of Australia), Anella Munro (Bank for International Settlements) |
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| Private information, stock markets and exchange rates Eric Chan (Bank for International Settlements), Jacob Gyntelberg (Bank for International Settlements), Mico Loretan (Bank for International Settlements), Tientip Subhanij (Bank of Thailand) |
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| Discussant: Sukhdave Singh, Assistant Governor, Central Bank of Malaysia | ||
| High-level policy panel: "The development of financial markets" | ||
| Panelists: |
Joseph Yam, Chief Executive, Hong Kong Monetary Authority
Grant Spencer, Deputy Governor, Reserve Bank of New Zealand Ong Chong Tee, Deputy Managing Director, Monetary Authority of Singapore |
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| Session two: Monetary policy and exchange rate issues in Asia and the Pacific | ||
| Chair: Jaime Caruana, General Manager, Bank for International Settlements | ||
| Keynote speech: | Exchange rate policies
Charles Engel, University of Wisconsin |
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| Targeting inflation in Asia and the Pacific: lessons from the recent past
Andrew Filardo (Bank for International Settlements), Hans Genberg (Bank for International Settlements) |
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| Financial deleveraging and the international transmission of shocks
Michael Devereux (University of British Columbia), James Yetman (Bank for International Settlements) |
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| Discussant: Kyungsoo Kim, Deputy Governor, Bank of Korea | ||
| High-level policy panel: "Monetary policy and exchange rates issues" | ||
| Panelists: |
Amando Tetangco, Jr, Governor, Bangko Sentral ng Pilipinas
Ric Battellino, Deputy Governor, Reserve Bank of Australia |
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| Saturday 8 August 2009 | ||
| Session three: Financial stability issues in Asia and the Pacific | ||
| Chair: Zhou Xiaochuan, Governor, People's Bank of China | ||
| Keynote speech: | Banks and the public sector authorities
Charles Goodhart, London School of Economics |
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| Contagion and risk premia in the amplification of crisis: evidence from Asian names in the CDS market
Don Kim (Yonsei University Business School), Mico Loretan (Bank for International Settlements), Eli Remolona (Bank for International Settlements) |
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| Determinants of house prices in nine Asia-Pacific economies
Eloisa Glindro (Bangko Sentral ng Pilipinas), Tientip Subhanij (Bank of Thailand), Jessica Szeto (Hong Kong Monetary Authority), Haibin Zhu (Bank for International Settlements) |
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| Discussant: Diwa Guinigundo, Deputy Governor, Bangko Sentral ng Pilipinas | ||
| High-level policy panel: "Financial stability issues" | ||
| Panelists: |
Zhou Xiaochuan, Governor, People's Bank of China
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| Closing remarks | ||
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Zeti Akhtar Aziz, Chair, Asian Consultative Council and Governor, Central Bank of Malaysia Jaime Caruana, General Manager, Bank for International Settlements |
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