Edward K Y Chen Distinguished Lecture Series 2016
East Asia Economic Stability at Bay: The Role of International Cooperation
Date: November 14, 2016 (Monday)
Time: 5:30 pm – 7:15 pm
Venue: Loke Yew Hall, The University of Hong Kong
Keynote Speaker
Dr. Chalongphob Sussangkarn
Distinguished Fellow
Thailand Development Research Institute
Discussants
Professor K C Chan, GBS, JP
Secretary for Financial Services and the Treasury
The Government Of The Hong Kong Special Administrative Region
Mr. Benjamin Hung, BBS, JP
Regional Chief Executive Officer, Greater China & North Asia
Standard Chartered Bank (Hong Kong) Limited
Moderator
Miss Fion Li
Hong Kong Bureau Chief
Bloomberg News
Synopsis
The extent of financial globalization and volatilities of short-term capital flows create many challenges for policies of individual economies as well as challenges to global and regional mechanisms that should provide effective safety nets for countries to maintain financial stability. In order to maintain economic stability, countries, particularly emerging market economies, need to make use of appropriate policy tools, including monetary and exchange rate policy, reserves accumulation, and when needed, capital control and macro-prudential measures. In addition, liquidity support mechanisms, whether bilateral, global or regional can make a crucial difference in times of stress. Bilateral arrangements are by nature political so may not be reliable for many countries. Global (IMF) and East Asian regional arrangements (CMIM) still do not have effective designs that will make them attractive to countries in the region. Recommendations are put forward on how these facilities can be modified to make them more attractive and effective.
Programme
Welcoming Remarks by Professor Eric C. Chang
Dean, Quoin Professor in Finance, Chair of Finance
Faculty of Business and Economics, The University of Hong Kong
Introduction of Speakers by Profressor Frederick Si-Hang Ma
Chairman, MTR Corporation Limited
Honorary Professor, Faculty of Business and Economics, The University of Hong Kong
Presentation by Keynote Speaker
Dr. Chalongphob Sussangkarn
Distinguished Fellow
Thailand Development Research Institute
Panel Discussion
Keynote Speaker
Dr. Chalongphob Sussangkarn
Distinguished Fellow
Thailand Development Research Institute
Discussants
Professor K C Chan, GBS, JP
Secretary for Financial Services and the Treasury
The Government Of The Hong Kong Special Administrative Region
Mr. Benjamin Hung, BBS, JP
Regional Chief Executive Officer, Greater China & North Asia
Standard Chartered Bank (Hong Kong) Limited
Moderator
Miss Fion Li
Hong Kong Bureau Chief
Bloomberg News
Question-and-Answer Session
Closing Remarks by Professor Edward K Y Chen
