Media

Edward K Y Chen Distinguished Lecture 2016
East Asia Economic Stability at Bay: The Role of International Cooperation

08 Nov 2016

The University of Hong Kong Faculty of Business and Economics presents the Edward K Y Chen Distinguished Lecture 2016 titled “East Asia Economic Stability at Bay: The Role of International Cooperation”.

You and/or your representatives are cordially invited to attend the Lecture:

Date:           Monday, November 14, 2016
Time:          5:30pm – 7:15pm (Media Registration: 5pm)
Venue:       Loke Yew Hall, The University of Hong Kong
Medium:         English

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

Panel Discussants:
Professor K C Chan
Secretary for Financial Services and the Treasury
The Government of the Hong Kong Special Administrative Region

Mr. Benjamin Hung
Regional Chief Executive Officer, Greater China & North Asia
Standard Chartered Bank (Hong Kong) Limited

Moderator:
Ms. 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.

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