05 June 2023 ADBI, Tokyo, Japan
Time of Event
Day 1: 9:00am-17:50pm, Tokyo time
Day 2: 9:00am-17:50pm, Tokyo time
Summary
This National Bureau of Economic Research (NBER) seminar took place at ADBI and featured new research on foreign exchange and capital flows, with a focus on Asian economies. The event helped to shed light on optimal monetary policy options in crisis times, the interaction of monetary and fiscal policies, macroprudential and capital flow management policy effectiveness, and the role of policy coordination among central banks at the global level.
The seminar featured keynote remarks from Haruhiko Kuroda, former Bank of Japan Governor, as well as leading economists such as Barry Eichengreen of University of California, Berkeley, Shang-Jin Wei of Columbia University, Anne O. Krueger of Johns Hopkins University, and Stiijn Claessens of the Bank for International Settlements. The seminar was curated by Columbia University’s Takatoshi Ito and National University of Singapore's Andrew K. Rose.
Objectives
- Explore policy options for managing capital flow volatility in emerging market economies in Asia
- Highlight drivers of monetary and macroprudential policy effectiveness
- Discuss how economies can enhance longer-term resilience to macrofinancial shocks
Target Participants
- Central bankers and other government officials, researchers from think tanks and universities, and experts from international organizations
Output
- Enhanced understanding of capital flow volatility challenges and policy strategies in Asia’s emerging market economies
- Identification of ways to boost macrofinancial shock resilience over the longer-term
- Greater impetus for research dialogue and collaboration on foreign exchange and capital flow issues in the region
Partners
- National Bureau of Economic Research
- University of Tokyo