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Edward K Y Chen Distinguished Lecture Series 2016

Publishing Date: 07/10/2016      (Last Update: 07/10/2016)

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Event Details

DateNovember 14, 2016
Time5:30pm - 7:15pm
VenueLoke Yew Hall, The University of Hong Kong

Edward K Y Chen Distinguished Lecture Series 
2016 Lecture - 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 (Map)

Keynote Speaker:
Dr. Chalongphob Sussangkarn
Distinguished Fellow
Thailand Development Research Institute

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

Miss Fion Li
Hong Kong Bureau Chief
Bloomberg News

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.