Information
Day 1: 17 June / Handouts
Session 1: Determinants of the sustainability of the U.S. external deficit and the right policy mixes for adjustments
| Paper Presentation | |
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"How much depreciation of the US dollar for sustainability of the current accounts?" OGAWA Eiji (Professor, Graduate School of Commerce and Management, Hitotsubashi University) Presentation [PDF:296KB] / Paper [PDF:520KB] |
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"Channels for Narrowing the US Current Account Deficit and Implications for Other Economies" Anne-Marie L. BROOK (Economist, Money and Finance Division, Economics Department, Organisation for Economic Co-operation and Development) Presentation [PDF:208KB] / Paper [PDF:168KB] |
| Discussant | |
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TOJO Yoshiaki (Special Assistant to the Vice Minister for International Affairs and Director, International Economic Affairs Division, Trade Policy Bureau, Ministry of Economy, Trade and Industry) |
Session 2: The triangular trade pattern and its implications for global and regional imbalances
| Session Chair | |
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TANIKAWA Hiroya (RIETI Senior Fellow) |
| Paper Presentation | |
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Françoise LEMOINE (Senior Economist, Centre d'etudes prospectives et d'information internationales) Presentation [PDF:192KB] / Paper [PDF:396KB] |
| Discussants | |
 |
FUKAO Kyoji (RIETI Faculty Fellow / Professor, Institute of Economic Research, Hitotsubashi University)
Presentation [PDF:208KB] |
 |
Peter GARBER (Global Risk Strategist, Global Market Research, Deutsche Bank Securities) |
Day 2: 18 June / Handouts
Session 3: Competition and collaboration among economic agglomerations and fragmentation of corporate functions - What lies beneath the increasing economic integration in Asia
| Session Chair | |
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KURAMOCHI Haruhiko (RIETI Vice President) |
| Paper Presentation | |
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"The Economic Analysis of International Production/Distribution Networks in East Asia and Latin America: The Implication of Regional Trade Arrangements" KIMURA Fukunari (Professor, Faculty of Economics, Keio University) Presentation [PDF:488KB] / Paper [PDF:484KB] |
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"Changes in East Asian Regional Economic Structure during the Dynamic Process of Economic Integration - from the point of view of New Geographical Economics" HISATAKE Masato (RIETI Senior Fellow) Presentation [PDF:1.0MB] / Paper [PDF:688KB] |
| Discussants | |
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HATTA Tatsuo (RIETI Faculty Fellow and Research Counselor / Professor, Division of International Studies, International Christian University) |
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FUJITA Masahisa (Professor, Institute of Economic Research, Kyoto University / President, Institute of Developing Economies, JETRO) |
Session 4: Designing appropriate adjustment policies in Asia - Searching for the right policy mix of currency adjustments, monetary and fiscal policies, and structural reforms
| Paper Presentation | |
| -Global and Regional Issues | |
|
"A Map to the Revived Bretton Woods End Game" Peter GARBER (Global Risk Strategist, Global Market Research, Deutsche Bank Securities) Presentation [PDF:272KB] / Paper [PDF:104KB] |
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"Adjusting Global Imbalances" OTANI Ichiro (Economic Policy Consultant / former Head, IMF Resident Representative Office in China) Presentation [PDF:196KB] / Paper [PDF:224KB] |
| -Country Issues | |
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"China's Role in the Current Global Economic Adjustment Process" Li-Gang LIU (Assistant Professor of Public Policy and Finance, School of Public Policy, George Mason University) Presentation [PDF:304KB] / Paper [PDF:200KB] |
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"Rationalizing Emerging Asia's Foreign Reserves Build-up" Piti DISYATAT (Senior Economist, Monetary Policy Group, Bank of Thailand) Presentation [PDF:188KB] / Paper [PDF:200KB] |
| Discussants | |
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YU Yongda (Professor, School of Public Policy and Management and Development Research Center for 21st Century, Director of Institute of Economic Cooperation, Tsinghua University) |
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KURODA Haruhiko (Professor, Hitotsubashi University / ex-Vice Minister of MOF of Japan) |
Session 5: Optimal exchange rate regime for Asia
| Session Chair | |
|
OTANI Ichiro (Economic Policy Consultant / former Head, IMF Resident Representative Office in China) |
| Paper Presentation | |
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"On Monetary Cooperation in East Asia" TANAKA Soko (Professor of International Finance, Faculty of Economics, Chuo University) Presentation [PDF:776KB] / Paper [PDF:316KB] |
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"Exchange-Rate Regimes and Capital Flows in East Asia" Albert KEIDEL, III (Deputy Director, Office of East Asian Nations, U.S. Department of the Treasury) Presentation [PDF:76KB] / Paper [PDF:148KB] |
| Discussants | |
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Yunjong WANG (Vice President, SK Research Institute for SUPEX Management) |
|
YU Yongda (Professor, School of Public Policy and Management and Development Research Center for 21st Century, Director of Institute of Economic Cooperation, Tsinghua University) |
Session 6: Panel discussion - Searching for optimal adjustment policies in both the U.S. and Asia
| Moderator / Panelist | |
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YOSHITOMI Masaru (RIETI President and Chief Research Officer) |
| Panelists | |
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ITO Takatoshi (Professor, The Graduate School of Economics and Research Center for Advanced Science and Technology, The University of Tokyo) |
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Li-Gang LIU (Assistant Professor of Public Policy and Finance, School of Public Policy, George Mason University) |
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Peter GARBER (Global Risk Strategist, Global Market Research, Deutsche Bank Securities) |
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SANO Tadakatsu (Vice-Minister for International Affair, Ministry of Economy, Trade and Industry) |
