Sunday, November 2, 2014

• 19:00 - 21:00
  Welcome Reception [Garnet Suite, 37F, Lotte Hotel Seoul]

Monday, November 3, 2014

• 08:30 - 09:00
  Registration and Coffee
• 09:00 - 09:07
  Welcome Address Sharmini Coorey(Director, Institute for Capacity Development, IMF)
• 09:07 - 09:15
  Opening Address Juyeol Lee (Governor, BOK)
• 09:15 - 10:00
  Keynote Speech Michael Devereux (Professor, University of British Columbia)
• 10:00 - 12:40
  [Session 1] Setting the Stage: Financial Integration in Asia - Recent Developments, Influencing Factors, and their Importance This session will examine the recent developments in the Asian region along various fronts of financial integration— such as cross-border financial-, bond-, and equity-market integration; changing patterns of cross-border banking networks; and the balance sheet integration of central or commercial banks. This session will also explore key factors facilitating or hindering financial integration. 
  (Presentations 60 min, Coffee Break 30 min, Discussion and Q&A 70 min)
  Moderator
  Woon Gyu Choi (Deputy Governor and Director General, Economic Research Institute, BOK)
  Speakers
  Cheng Hoon Lim  Assistant Director, Monetary and Capital Markets Department, IMF Masahiro Kawai Professor, University of Tokyo
  Discussants
  Jong-Wha Lee Professor, Korea University Will Oswald Head, FICC Research, Standard Chartered Bank Kiatipong Ariyapruchya Director, Capital Market Research Institute, Stock Exchange of Thailand
• 12:50 - 14:20
  Luncheon [Garnet Suite, 37F, Lotte Hotel Seoul]
• 14:30 - 17:10
  [Session 2] Financial Integration: Implications for Growth and Stability? This session will explore the evidence about the relationship between macroeconomic performance and regional financial integration. Is regional financial integration conducive to economic growth? Does regional financial integration foster the resilience of a country or region to macro-financial shocks or make them more vulnerable? This session will also discuss potential risks associated with cross-border shadow banking, regionalization of funding sources, and transmission channels of the potential risks within the region.
  (Presentations 60 min, Coffee Break 30 min, Discussion and Q&A: 70 min)
  Moderator
  James Morsink Assistant Director, Monetary and Capital Markets Department, IMF
  Speakers
  Ayhan Kose Director, Global Economic Prospects, World Bank Iwan Azis Head, Office of Regional Economic Integration, ADB
  Discussants
  Kwanho Shin (Professor, Korea University) James Yetman (Senior Economist, Monetary and Economic Department, BIS) Taesu Kang (Economist, Economic Research Institute, BOK)
• 18:00 - 20:00
  Conference Dinner
  [Belle-Vue Suite, 36F, Lotte Hotel Seoul]

Tuesday, November 4, 2014

• 08:30 - 09:00
  Coffee and Pastry
• 09:00 - 09:30
  Summary of Day 1
  Laura Kodres (Assistant Director, Institute for Capacity Development, IMF)
• 09:30 - 12:00
  [Session 3] Panel Discussion - Asian Financial Integration: Challenges and Policy The panel discussion will cover the role played by traditional monetary and fiscal policies as well as macro-prudential, micro-prudential, and structural policies to address challenges posed by financial integration in the region. Existing institutional frameworks and ongoing changes to them are also factors influencing the effectiveness of policies. The session will also discuss whether regional financial integration provides the same benefits or risks as global financial integration and any relevant policy implications. Against the backdrop of previous sessions, panelists will address policy options and cooperative arrangements that could influence financial integration in ways that enhance the economic efficiency and resilience of the region.  (Coffee Break 30 min)
  Moderator
  Laura Kodres ( Assistant Director, Institute for Capacity Development, IMF)
  Panelists
  Luci Ellis  Head, Financial Stability Department, Reserve Bank of Australia (RBA) Woon Gyu Choi Deputy Governor and Director General, Economic Research Institute, BOK Chikahisa Sumi Assistant Director, Asia and Pacific Department, IMF Michael Spencer Chief Economist and Head of Research, Asia Pacific, Deutsche Bank Robert McCauleySenior Adviser, Monetary and Economic Department, BIS
• 12:10 - 13:40
  Luncheon [Garnet Suite, 37F, Lotte Hotel Seoul]