Currency internationalisation: lessons from the global financial crisis and prospects for the future in Asia and the Pacific

Joint conference of the Bank of Korea and the Bank for International Settlements on "Currency internationalisation: lessons from the global financial crisis and prospects for the future in Asia and the Pacific", Seoul, Korea, 19-20 March 2009. 

On 19-20 March 2009, the BIS Asian Office and the Bank of Korea co-hosted a high-level seminar on currency internationalisation in Seoul. Participants from 12 central banks as well as academic scholars and BIS economists attended the seminar. The purpose of the seminar was to review experiences of economies in the Asia-Pacific region with currency internationalisation and to assess the prospects for further internationalisation, emphasising the policy implications facing central banks if current trends continue. Lessons learned about currency internationalisation since the intensification of the strains in global markets in mid-2007 were also discussed.

A collection of the speeches, presentations and papers from the seminar were released as BIS Papers No 61 in January 2012.