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  Mentions légales
  Exchange Rate Regimes in Emerging Market Economies Meeting

With the support of The French Ministry of Finance Treasury Directorate, The German Ministry of Finance 17-18 December 1999
Tokyo
The International Conference on Exchange Rate Regimes in Emerging Market Economies brought together 47 academics and policy-makers from 34 institutions worldwide for a high-level dialogue at ADB Institute in Tokyo. The conference was jointly organized by the French Leading Centre for International Economic Studies (CEPII), the Korean Institute for International Economic Policy (KIEP) and the Asian Development Bank Institute (ADBI). Twelve papers were presented and discussed during the conference, covering both general issues as the choice of and exchange rate regime or the scope for regional cooperation, and case studies such as Chile, China, HongKong, Kazakhstan, Korea, Poland and other transition economies. In addition, Paul Krugman and John Williamson delivered two keynote speeches, and a panel discussion ended the conference.  
Summary of the proceedings  
  M. Yoshitomi   Introduction  
Setting out the issues Y.C. Park      
Lesson from recent crises       Session 1 
  J.C. Berthélemy   Chair   
"Foreign Exchange Rate Policies in Transition : Lessons, Challenges and Policy Options" D. Rosati :   Speaker  
  B. Coeuré   Discussant   
"Exchange Rate Policy : Lessons from the Chilean Experience" G.Larrain      
  L.A. Pereira da Silva   Chair   
"Exchange Rate Policies in Korea :
Has Exchange Rate Volatility Increased after the Crisis"
Y.C. Park
  Speaker  
  J. Williamson   Discussant   
Options for the future       Session 2
  J. Williamson   Chair :  
"Options for the Exchange Rate Policies of the EU Accession Countries (and other Emerging Market Economies)" P. Bofinger   Speaker  
L. He : "The Future of the Exchange Rate Regime in China" P. Andonov   Speaker  
  E. Ogawa   Discussant   
"The HongKong Currency Board : Crisis, Reform and Future Prospects" K.C. Chan   Speaker  
  C.S. Chung   Discussant   
  P. Krugman   Keynote speech  
The choice of an Exchange Rate Regime Revisited       Session 3
  M. Yoshitomi   Chair  
"The role of Foreign Direct Investment in Financing Growth and in Stabilizing Exchange Rates" P. Artus   Speaker  
  K. Fukao   Discussant   
"Exchange Rate Regimes of Developing Countries: Global
Context and Individual Choices"
,
P. Masson   Speaker  
  D. Gros   Discussant   
"Basket Currencies" T. Ito   Speaker  
  G. Yi   Discussant   
The Regional Dimension       Session 4 
  K.T. Lee   Chair  
"On Regional Monetary Arrangements for Asean" P. Mauro   Speaker  
  R. McCauley   Discussant   
"Responding to Regional Currency Crisis : Kazakhstan in the Aftermath of the 1998 Russian Crisis" K. Ohno   Speaker  
  S. Collignon   Discussant   
Welcome speech H. Kuroda   Speaker  
Keynote speech J. Williamson   Discussant   
  K.T. Lee   Chair  
"Exchange Rate Strategies in the Competition for Attracting FDI" A. Bénassy-Quéré   Speaker  
  S. Takagi   Discussant   
  A. Bénassy-Quéré
Y.C. Park
M. Yoshitomi
  Synthesis  
  Y. Byeon
T. Ito
M. Han
P. Krugman
M. Masson
J. Pisani-Ferry
  Panel Discussion