Group of 15 Experts Plenary Meeting

A3 Triangle Initiative on Monetary and Financial Cooperation for Korea, China and Japan

  • Program


As part of a research project titled "Research on a Currency Basket," a group of 15 experts (hereinafter called G-15) assembled for a plenary meeting that was held in Seoul and hosted by the North East Asia Research (NEAR) Foundation. It was co-hosted by the Chinese Academy of Social Sciences (CASS), the East Asian Monetary Institute (EAMI) (which is part of the NEAR Foundation), and the Research Institute of Economy, Trade and Industry (RIETI).

G-15 consists of five researchers from Japan, China and South Korea, respectively. The participants assemble to exchange candid views to further promote cooperation in finance and the economy in the East Asian region. Japanese researchers are as follows:

  • OGAWA Eiji (Faculty Fellow, RIETI/Professor of Hitotsubashi University, Graduate School of Commerce and Management)
  • FUKUDA Shin-ichi (Professor, Graduate School of Economics, Faculty of Economics, The University of Tokyo)
  • FUKAGAWA Yukiko (Professor, Waseda University School of Political Science and Economics)
  • ONO Arito (Senior Economist, Mizuho Research Institute Ltd.)
  • YOSHIDA Yasuhiko (Senior Fellow, RIETI)

Presentations were made and discussions followed both in the morning session (closed) and afternoon session (open). The outline of the open session that took place is as follows. The second meeting is scheduled to be held in 2012 in Japan.


  • Time and Date: 13:20-18:30, June 2, 2011
  • Venue: Seoul Press Centre, Seoul, Korea
  • Language: English


13:20 - 13:30 Welcome Remarks and Introduction

CHUNG Duck Koo (Chairman, the NEAR Foundation)

13:30 - 14:00 4th NEAR Award Conferment and Photo Session

14:00 - 14:30 Keynote Speech

Joshua AIZENMAN (Professor, UC Santa Cruz)

14:30 - 15:30 Session 1: Reserve Pooling and Currency Swap

Chairperson: OH John Junggun (President, EAMI and Professor, Korea University)

Speaker: ZHANG Chengsi (Professor, Renmin University)

Discussant 1: FUKUDA Shin-ichi (Professor, The University of Tokyo)

Discussant 2: YOON Deok Ryong (Senior Research Fellow, Korea Institute for International Economic Policies)

15:30 - 15:50 Coffee Break

15:50 - 16:50 Session 2: Regional Capital Market Development

Chairperson: FUKAGAWA Yukiko (Professor, Waseda University)

Speaker: KIM Jung Sik (Yonsei University)

Speaker: OH John Junggun (Korea University)

Discussant 1: DING Yifan (Deputy Director, Institute of World Development, Development and Research Centre)

Discussant 2: ONO Arito (Senior Economist, Mizuho Research Institute)

16:50 - 17:50 Session 3: A3 Regional Basket Currency

Chairperson: HE Fan (Deputy Director, Chinese Academy of Social Science)

Speaker: OGAWA Eiji (Faculty Fellow, RIETI / Professor, Hitotsubashi University)

Discussant 1: DING Jianping (Professor, Shanghai Finance and Economics University)

Discussant 2: RHEE Yeongseop (Professor, Seoul National University)

17:50 - 18:30 Roundtable and Policy Recommendation to the Government

Chairperson: CHUNG Duck-Koo (Chairman, NEAR Foundation)

Discussant: All 15 Members of the Committee