9:00 am-9:30 am

Registration

Master of Ceremony:

Mr. Byungseo YOO, Deputy Director of AMRO

9:30 am-9:40 am

Welcome Remark
• Dr. Junhong CHANG, AMRO Director

9:40 am-10:00 am

Keynote Address
• Mr. Weon-Kyoung JO, Director General for G20, IMF and ASEAN+3, International Finance Bureau, Ministry of Economy and Finance, Korea

• Mr. Ping Yi YEE, Deputy Secretary (Planning), Ministry of Finance, Singapore

10:00 am-10:15 am

Group Photo Session and Coffee Break

Panel 1: Asia – Sustaining Growth and Stability in the Face of Uncertainties

10:15 am-12:15 pm

The ASEAN+3 region is currently the fastest growing and amongst the most dynamic regions in the world. However, the economic outlook is clouded by near-term challenges of trade protectionism and tightening financial conditions. U.S. trade protectionist actions targeted at China have adversely affected the whole region through effects on global value chains and investment prospects and shaken the multilateral rules-based trading system. At the same time, tightening global financial conditions led by U.S. monetary policy normalisation will narrow the policy space for regional economies. In addition to these external challenges, economies face ongoing domestic structural challenges. These include reskilling the labor force and creating employment in the face of challenges posed by automation and digital technology for both developed and developing economies; and moving up the economic value chain and technology ladder for middle-income economies.
Looking ahead to year 2019:

• How can the region best cooperate to respond to U.S. trade protectionism and to preserve the multilateral rules-based trading system?

• With tightening global financial conditions, how can policymakers best use the shrinking policy space to maintain financial stability?

• How can policy best support the adjustment in our economies to disruptive changes brought about by digital technology and automation?

Moderator: Dr. Hoe Ee KHOR, Chief Economist, AMRO

Introductory Presentation: Dr. Hoe Ee KHOR, Chief Economist, AMRO

Panel Speakers:

1. Dr. Changyong RHEE, Director of Asia Pacific Department, IMF

2. Dr. Joseph E. ZVEGLICH Jr., Deputy Chief Economist, Asian Development Bank

3. Prof. Suahasil NAZARA, Chairman, Fiscal Policy Agency, Ministry of Finance, Indonesia

4. Dr. Akira ARIYOSHI, AMRO’s Advisory Panel Member from 2015 and Former Professor, School of International and Public Policy, Hitotsubashi University

5. Mr. Marzunisham Bin OMAR, Assistant Governor, Bank Negara Malaysia

6. Mr. Diwa C. GUINIGUNDO, Deputy Governor, Monetary and Economics Sector, Bangko Sentral ng Pilipinas

Luncheon Speech: Lunchtable Economics on Financial Crisis: Are we ready to face another financial crisis?

12:20 pm-13:30 pm

Moderator:
– Mr. Byungseo YOO, Deputy Director of AMRO

Keynote speech:

– Dr. Jae-Soo YOO, Vice Mayor for Economic Affairs, Busan Metropolitan City

Panel 2: Managing Financial Globalization: Policy Responses and Strengthening of Regional Financial Safety Nets

13:30 pm-15:30 pm

During the last decade, ASEAN+3 members have put concerted efforts to improve the size, scope, and capabilities of CMIM to support financial stability of this region; while CMIM is firmly in a position that is supportive of the global financial system. Still, alarm bells have been sounding for this region as well as some countries in other region in 2018. The uncertainties persist out of the fallout from US Fed’s rate hike, trade war and turbulent capital market. We have such ever-present concerns of financial crises mainly in the context of rising capital flows – the risk of incidence of sudden stops and the amount of output losses have not changed greatly since 1990s up to now. This has been precipitated by the heightened financial interconnectedness, which has increased the likelihood of risks being transmitted into domestic economies, e.g. through excessive credit growth. There is no substitute for a strong financial safety net to support for financial stability in the region.
In this session, we would like to brainstorm about the future of Regional Financial Cooperation in the region, while focussing on possible evolution path of the CMIM in the future, as well as promoting local currency usage in the region. Possibly, we can also discuss coordination among ASEAN+3 initiatives, and expansion of their scope.

Moderator: Professor Kyung Wook HUR, Former 1st Vice Minister of Strategy and Finance, and Former Ambassador Extraordinary and Plenipotentiary of Korea to OECD (Paris) and Former AMRO Advisory Panel Member

Introductory Presentation: Possible evolution path of the CMIM in the future: Mr. Yasuto WATANABE, Deputy Director, AMRO

Panel Speakers

1. Dr. Muhamad Chatib BASRI, Former Minister of Finance, Indonesia

2. Dr. Yoichi NEMOTO, Professor, School of International and Public Policy, Hitotsubashi University

3. Prof. Hiroyuki ITO, Portland State University, USA

4. Dr. Petya Koeva BROOKS, Deputy Director, Strategy, Policy and Review Department, IMF

5. Dr. Mark SOBEL, US Chairman, OMFIF

6. Mr. Marc UZAN, Executive Director, Reinventing Bretton Woods Committee

9:00 am-9:30 am Registration
Master of Ceremony: Mr. Byungseo YOO, Deputy Director of AMRO
9:30 am-9:40 am Welcome Remark
• Dr. Junhong CHANG, AMRO Director

9:40 am-10:00 am Keynote Address
• Mr. Weon-Kyoung JO, Director General for G20, IMF and ASEAN+3, International Finance Bureau, Ministry of Economy and Finance, Korea

• Mr. Ping Yi YEE, Deputy Secretary (Planning), Ministry of Finance, Singapore

10:00 am-10:15 am Group Photo Session and Coffee Break
Panel 1: Asia – Sustaining Growth and Stability in the Face of Uncertainties
10:15 am-12:15 pm The ASEAN+3 region is currently the fastest growing and amongst the most dynamic regions in the world. However, the economic outlook is clouded by near-term challenges of trade protectionism and tightening financial conditions. U.S. trade protectionist actions targeted at China have adversely affected the whole region through effects on global value chains and investment prospects and shaken the multilateral rules-based trading system. At the same time, tightening global financial conditions led by U.S. monetary policy normalisation will narrow the policy space for regional economies. In addition to these external challenges, economies face ongoing domestic structural challenges. These include reskilling the labor force and creating employment in the face of challenges posed by automation and digital technology for both developed and developing economies; and moving up the economic value chain and technology ladder for middle-income economies.
Looking ahead to year 2019:

• How can the region best cooperate to respond to U.S. trade protectionism and to preserve the multilateral rules-based trading system?

• With tightening global financial conditions, how can policymakers best use the shrinking policy space to maintain financial stability?

• How can policy best support the adjustment in our economies to disruptive changes brought about by digital technology and automation?

Moderator: Dr. Hoe Ee KHOR, Chief Economist, AMRO

Introductory Presentation: Dr. Hoe Ee KHOR, Chief Economist, AMRO

Panel Speakers:

1. Dr. Changyong RHEE, Director of Asia Pacific Department, IMF

2. Dr. Joseph E. ZVEGLICH Jr., Deputy Chief Economist, Asian Development Bank

3. Prof. Suahasil NAZARA, Chairman, Fiscal Policy Agency, Ministry of Finance, Indonesia

4. Dr. Akira ARIYOSHI, AMRO’s Advisory Panel Member from 2015 and Former Professor, School of International and Public Policy, Hitotsubashi University

5. Mr. Marzunisham Bin OMAR, Assistant Governor, Bank Negara Malaysia

6. Mr. Diwa C. GUINIGUNDO, Deputy Governor, Monetary and Economics Sector, Bangko Sentral ng Pilipinas

Luncheon Speech: Lunchtable Economics on Financial Crisis: Are we ready to face another financial crisis?
12:20 pm-13:30 pm Moderator:
– Mr. Byungseo YOO, Deputy Director of AMRO

Keynote speech:

– Dr. Jae-Soo YOO, Vice Mayor for Economic Affairs, Busan Metropolitan City

Panel 2: Managing Financial Globalization: Policy Responses and Strengthening of Regional Financial Safety Nets
13:30 pm-15:30 pm During the last decade, ASEAN+3 members have put concerted efforts to improve the size, scope, and capabilities of CMIM to support financial stability of this region; while CMIM is firmly in a position that is supportive of the global financial system. Still, alarm bells have been sounding for this region as well as some countries in other region in 2018. The uncertainties persist out of the fallout from US Fed’s rate hike, trade war and turbulent capital market. We have such ever-present concerns of financial crises mainly in the context of rising capital flows – the risk of incidence of sudden stops and the amount of output losses have not changed greatly since 1990s up to now. This has been precipitated by the heightened financial interconnectedness, which has increased the likelihood of risks being transmitted into domestic economies, e.g. through excessive credit growth. There is no substitute for a strong financial safety net to support for financial stability in the region.
In this session, we would like to brainstorm about the future of Regional Financial Cooperation in the region, while focussing on possible evolution path of the CMIM in the future, as well as promoting local currency usage in the region. Possibly, we can also discuss coordination among ASEAN+3 initiatives, and expansion of their scope.

Moderator: Professor Kyung Wook HUR, Former 1st Vice Minister of Strategy and Finance, and Former Ambassador Extraordinary and Plenipotentiary of Korea to OECD (Paris) and Former AMRO Advisory Panel Member

Introductory Presentation: Possible evolution path of the CMIM in the future: Mr. Yasuto WATANABE, Deputy Director, AMRO

Panel Speakers

1. Dr. Muhamad Chatib BASRI, Former Minister of Finance, Indonesia

2. Dr. Yoichi NEMOTO, Professor, School of International and Public Policy, Hitotsubashi University

3. Prof. Hiroyuki ITO, Portland State University, USA

4. Dr. Petya Koeva BROOKS, Deputy Director, Strategy, Policy and Review Department, IMF

5. Dr. Mark SOBEL, US Chairman, OMFIF

6. Mr. Marc UZAN, Executive Director, Reinventing Bretton Woods Committee

15:30 pm-15:40 pm

Concluding Remark: Dr. Mohamad IKHSAN, the Chair of AMRO Advisory Panel, Advisor to the Vice President of the Republic of Indonesia