(last update 25 May 2012)
Co-hosted by the Bank of Thailand and the Bank for International Settlements, 12-13 December 2011, Chiang Mai, Thailand
Q Chen, A Filardo, D He and F Zhu (2011): "International spillovers of Central bank balance sheet policies"
D Cook and J Yetman (2011): "Expanding central bank balance sheets in emerging Asia: a compendium of risks and some evidence"
A Filardo and S Grenville (2011): "Central bank balance sheets and foreign exchange regimes: understanding the nexus in Asia"
G Ma, X Yan and X Liu (2011): "China's evolving reserve requirements"
A Mehrotra (2011): "On the use of sterilisation bonds in emerging Asia"
| Monday 12 December 2011 | ||
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Welcome remarks
Why central bank balance sheets matter
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| Session 1a: Key facts on central bank balance sheets in Asia and the Pacific | ||
| Authors: | Andrew Filardo and James Yetman (BIS) | |
| Session 1b: Expanding central bank domestic assets: how it worked in Japan? | ||
| Authors: | Kazumasa Iwata and Shinji Takenaka (Japan Center for Economic Research) | |
| Discussants: | Shinji Takagi (Osaka University)
Mark Spiegel (Federal Reserve Bank of San Francisco) |
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| Session 2: Prolonged central bank foreign asset expansion: consequences for the macroeconomy, exchange rate stability and global imbalances | ||
| Author: | Joseph Gagnon (Peterson Institute) | |
| Discussants: | Chris Aylmer (Reserve Bank of Australia)
Ooi Sang Kuang (Bank Negara Malaysia) |
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| Session 3: Structuring central bank liabilities: choosing effective policy instruments for the challenges facing Asia | ||
| Authors: | Alain Durré and Huw Pill (European Central Bank) | |
| Discussants: | Hernando Vargas Herrera (Central Bank of Colombia)
Budianto Soenaryo Mukasan (Bank Indonesia) |
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| Session 4: International spillovers of central bank balance sheet policies | ||
| Authors: | Dong He (HKMA), Qianying Chen (HKMA), Andrew Filardo (BIS) and Feng Zhu (BIS) | |
| Discussants: | Jonathan Batten (Hong Kong University of Science and Technology)
Roong Mallikamas (Bank of Thailand) |
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| Dinner Address: Central banking balance sheets during crises - the do's and don'ts: lessons from the international financial crisis | ||
| Speaker: | Randall Kroszner (University of Chicago) | |
| Tuesday 13 December 2011 | ||
| Session 5: Central bank balance sheets and debt management | ||
| Author: | Jagjit Chadha (University of Kent), Luisa Corrado (University of Rome) and Jack Meaning (University of Kent) | |
| Discussants: | Sanjay Hansda (Reserve Bank of India)
Alec Chrystal (Cass Business School) |
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| Session 6: Policy panel: Regional Challenges Ahead - Dealing with capital flows, prolonged exchange rate intervention and their consequences in Asia and the Pacific | ||
| Moderator: | Jaime Caruana (BIS) | |
| Panellists: | Myung Hun Kang (Bank of Korea)
Ryuzo Miyao (Bank of Japan) Prasarn Trairatvorakul (Bank of Thailand) |
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| Session 7: Wrap-up panel | ||
| Moderator: | Stephen Grenville (Lowy Institute for International Policy) | |
| Panellists: |
Andrew Sheng (Fung Global Institute)
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| Closing remarks | ||
