Opening session

Chair:

Edward Robinson

Deputy Managing Director, Monetary Authority of Singapore

Welcome Remarks

Ravi Menon

Managing Director, Monetary Authority of Singapore

Agustin Carstens

General Manager, Bank for International Settlements

Keynote Speech

Anil Kashyap (Pre-recording)

Stevens Distinguished Service Professor of Economics and Finance, University of Chicago Booth School of Business; and Member of the Financial Policy Committee, Bank of England

Overview

Chair:

Bernard Yeung

Stephen Riady Distinguished Professor, National University of Singapore Business School

Authors:

Claudio Borio

Head of the Monetary and Economic Department, Bank for International Settlements

Ilhyock Shim (Presenter)

Head of Economics and Financial Markets for Asia-Pacific, Bank for International Settlements

Hyun Song Shin

Economic Adviser and Head of Research, Bank for International Settlements

Discussant:

Linda Goldberg

Senior Vice President, Financial Intermediation Function, Federal Reserve Bank of New York

Panel — Advanced economies

Chair:

Stijn Claessens

Deputy Head of MED & Head of Financial Stability Policy, Bank for International Settlements

Sweden

Authors:

Stefan Ingves (Presenter)

Governor and Chairman of the Executive Board, Swedish Riksbank

Johan Grip

Senior Economist, Swedish Riksbank

Discussant:

Charles Bean

Professor of Economics, London School of Economics

United Kingdom

Authors:

Thorsten Beck (Presenter)

Professor of Banking and Finance, CASS Business School

Simon Lloyd

Senior Research Economist, Bank of England

Dennis Reinhardt

Senior Economist, Bank of England

Rhiannon Sowerbutts

Senior Economist, Bank of England

Discussant:

Paul Tucker

Chair of the Systemic Risk Council and Research fellow, Harvard Kennedy School, Harvard University

Thematic chapters

Chair:

Steven Davis

William H. Abbott Distinguished Service Professor of International Business and Economics, University of Chicago Booth School of Business

Sending countries

Authors:

Katharina Bergant

Economist, International Monetary Fund

Kristin Forbes (Presenter)

Jerome and Dorothy Lemelson Professor of Management and Global Economics, MIT-Sloan School of Management, Massachusetts Institute of Technology

Discussant:

Valentina Bruno

Professor of Finance, Kogod School of Business, American University

Receiving countries

Author:

Sebastian Edwards

Professor of Global Economics and Management, Henry Ford II Chair in International Management, Anderson School of Management, University of California, Los Angeles

Discussant:

Eswar Prasad

Tolani Senior Professor of Trade Policy, Cornell University and Senior Fellow, Brookings Institution

Emerging policy framework

Authors:

Pierre-Richard Agénor (Presenter)

Hallsworth Professor of International Macroeconomics and Development Economics, University of Manchester

Luiz Pereira da Silva

Deputy General Manager, Bank for International Settlements

Discussant:

Barry Eichengreen

George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Science, University of California

Panel — Large Asian economies

Chair:

Beatrice Weder di Mauro

Professor of International Economics at Graduate Institute of Geneva; Distinguished Fellow at INSEAD Emerging Markets Institute, Singapore; and President of the Centre for Economic Policy Research

China

Authors:

Yiping Huang (Presenter)

Professor, National School of Development, China Center for Economic Research, Peking University

Tingting Lü

PhD candidate, Institute of South-South Cooperation and Development, Peking University

Discussant:

Yi Huang

Associate Professor, International Economics Department, Graduate Institute Geneva and CEPR

India

Author:

Viral Acharya

C.V. Starr Professor of Economics, NYU Stern School of Business, New York University

Discussant:

Duvvuri Subbarao

Former Governor, Reserve Bank of India

Korea

Authors:

Hyun Song Shin

Economic Adviser and Head of Research, Bank for International Settlements

Kwanho Shin (Presenter)

Professor of Economics, Korea University

Discussant:

Hwanseok Lee

Deputy Governor, Bank of Korea

Panel — Commodity exporters

Chair:

Siddharth Tiwari

Chief Representative, BIS Representative Office for Asia-Pacific

Indonesia

Authors:

Muhamad Chatib Basri (Presenter)

Senior Lecturer, University of Indonesia

Reza Siregar

Special Staff, Coordinating Ministry for Economic Affairs of Indonesia

Discussant:

Perry Warjiyo

Governor, Bank Indonesia

Latin America

Authors:

Ana Aguilar (Presenter)

Senior Economist, Bank for International Settlements

Alexandre Tombini

Chief Representative, BIS Office for the Americas

Fabrizio Zampolli

Head of Economics for Latin America & the Caribbean, Bank for International Settlements

Discussant:

Enrique Mendoza

Presidential Professor of Economics, University of Pennsylvania

Panel — Small open economies

Chair:

Benoit Mojon

Head of Economic Analysis, Bank for International Settlements

Croatia

Authors:

Boris Vujčić (Presenter)

Governor, Croatian National Bank

Mirna Dumičić Jemrić

Chief Advisor, Financial Stability Department, Croatian National Bank

Lana Ivičić

Advisor, Croatian National Bank

Discussant:

Tuomas Peltonen

Deputy Head, Secretariat, European Systemic Risk Board

Hong Kong SAR

Authors:

Robert McCauley (Presenter)

Non-resident Senior Fellow, Boston University's Global Development Policy Center

Catherine Schenk

Professor or Economic & Social History, Oxford University

Discussant:

Arthur Yuen

Deputy Chief Executive, Hong Kong Monetary Authority

Singapore

Authors:

Ramkishen Rajan (Presenter)

Yong Pung How Professor, Lee Kuan Yew School of Public Policy, National University of Singapore

Edward Robinson

Deputy Managing Director, Monetary Authority of Singapore

Rosemary Lim

Executive Director, Monetary Authority of Singapore

Discussant:

Yongheng Deng (Pre-recording)

Professor, Real Estate and Urban Land Economics and John P. Morgridge Distinguished Chair in Business, University of Wisconsin-Madison

Closing Session

Chair:

Edward Robinson

Deputy Managing Director, Monetary Authority of Singapore

Concluding Remarks

Claudio Borio

Head of Monetary and Economic Department, Bank for International Settlements

Hyun Song Shin

Economic Adviser and Head of Research, Bank for International Settlements

End of the conference