02 May 2013 (12:15 pm-1:45 pm, Hall 2, Room 6)

Objective: External financing has played a key role in fostering economic development across Asia, but the recurrent global financial turmoil and heightened market volatility has made this an unreliable funding source. The seminar will look at the factors that have given rise to the change in market conditions, assess the impact on the affected economies, and the challenges for government officials and market participants. Attention will be directed at advancing capital market development to better intermediate domestic financial flows and reduce reliance on external sources. More developed capital markets could strengthen financial resilience across the region by diversifying financing channels and reducing currency and maturity mismatches.

Relevance: The lingering crisis in the Euro area and below-trend growth in the U.S. have changed the dynamics of global financial markets. Unpredictable shifts in investor and creditor sentiment have had a dramatic impact on cross-border flows and, in turn, economic activity and policy in emerging markets. Understanding the factors contributing to this volatility can help shape appropriate responses by governments, international financial organizations and private sector participants. These issues will be examined from a number of perspectives, including those of senior executives from two of the world’s leading private financial firms actively engaged in emerging market finance.

Keynote Speaker

Honorable Amando M. Tetangco, Jr.
Governor and Chairman of the Monetary Board, Bangko Sentral ng Pilipinas

Featured Speaker

Chanda Kochhar
Managing Director and CEO, ICICI Bank Limited

Presenters

Greg Fager
Director, Asia/Pacific Department, IIF

Hung Tran
First Deputy Managing Director, IIF

Moderator: Timothy D. Adams
Managing Director, IIF