8:30 am to 9:00 am

Registration

9:00 am to 9:05 am

Opening Remarks
Junhong Chang, Director, AMRO

9:05 am to 9:15 am

Keynote Speech
Klaus Regling, Managing Director, ESM

Session 1: Economic Surveillance – Methodology, Current Practices, and Challenges
Economic surveillance is key to identify main signals that can potentially lead to a crisis. RFAs are keen to strengthen their capacity of economic surveillance with the contribution from academics. This session will focus on the methodology, current practices and challenges pertaining to economic surveillance, with a particular interest in tools on sovereign vulnerability assessment, early warning signals, current account sustainability as well as fiscal sustainability.

Chair: Hoe Ee Khor, Chief Economist, AMRO

Presenters:

Hyun Min Jung, Korea Centre for International Finance

Murtaza Syed, Deputy Division Chief of Advanced Economies and Multilateral Issues, IMF

Discussants:

Akira Ariyoshi, Advisory Panel Member, AMRO

Kyung Wook Hur, Advisory Panel Member, AMRO

Juan Rojas, Head of Economic and Market Analysis, ESM

Servaas Deroose, Deputy Director General, DG ECFIN, European Commission

Q&A

11:15 am to 11:45 am

Photo Session and Coffee Break

11:30 am to 1:45 pm

Session 2: Lessons Learned from the Past for Future Crisis Prevention
A number of regions, including East Asia, Latin America and Europe, have gone through crises of different types in the past. This session will contribute to the understanding of the different types of crises (e.g. currency crisis, bank runs, sovereign debt crises, etc.), and how to deal with them. Different RFAs are in fact set up to deal with different crisis types; this also explains the variety of instruments available at different RFAs. The session will also address ways to deal with spillovers across countries and regions and from global financial markets.

Chair: Rolf Strauch, Member of Management Board and Chief Economist, ESM

Presenters:

Giancarlo Corsetti, Cambridge University

Joshua Aizenman, University of Southern California

Discussants:

Bandid Nijathaworn, Advisory Panel Member, AMRO

He Fan, Peking University, HSBC School

Sergey Ulatov, Director for Coordination of Activities, Eurasian Development Bank

Antoine Chery, Head of Economic Service for ASEAN Countries, French Embassy in Singapore

Q&A

1:45 pm to 2:45 pm

Lunch

2:45 pm to 4:45 pm

Session 3: Crisis Management – Liquidity Provision vs. Moral Hazard Concerns
In times of crises, swift reaction for crisis resolution is important. At the same time, to prevent facility shopping and to contain moral hazard risks also matter. This session will discuss how to address these concerns, using conditionality or other instruments.

Chair: Carlos Giraldo, Director, Economic Studies, FLAR

Presenters:

Jeromin Zettelmeyer, Senior Fellow, Peterson Institute for International Economics

Randall Henning, American University

Discussants:

Maria Socorro Gochoco-Bautista, Advisory Panel Member, AMRO

Beatrice Weder di Mauro, Distinguished Fellow in Residence, Emerging Markets Institute, INSEAD

Lucas ter Braak, Deputy Head of Division, EU Institutions & Fora Division, ECB

Gong Cheng, Senior Economist, ESM

Q&A

4:45 pm to 4:50 pm

Closing Remarks
Carlos Giraldo, Economic Studies Director, FLAR