Programme - RBIADB - Reserve Bank of India
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Programme Schedule
Download Schedule | Timing | Topic |
|---|---|
| 07.30 p.m. – 09.30 p.m. | Welcome Dinner hosted by ADB at Gateway Room of Taj |
| Timing | Topic |
|---|---|
| 09.00 a.m. - 09.30 am | Registration and Tea |
| 09.30 a.m. – 11.00 a.m. | Inaugural Session |
| 09.30 a.m. – 09.50 a.m | Welcome Remarks, Mr. Deepak Mohanty, Executive Director, RBI |
| 09.50 a.m. – 10.10 a.m. | Opening Address, Mr. Xiaoyu Zhao, Vice President, ADB |
| 10.10 a.m. – 11.00 a.m. | Keynote Address, Dr. Subir Gokarn, Deputy Governor, RBI |
| 11.00 a.m. – 11.15 a.m. | Tea/Coffee Break |
| 11.15 a.m. – 12.45 p.m. | Session I – Compositional Shift and Volatility of Capital Flows Chair: Mr. Hun Kim, ADB |
| 11.15 a.m. – 11.45 a.m. | Paper 1: Title: Capital Flow Composition and Contagion: A Focus on Asia Speaker – Prof. Kristin Forbes , MIT (20 minutes) Discussant: Mr. Thomas Moser, AMGB, SNB (10 Minutes) |
| 11.45 a.m. – 12.15 a.m. | Paper 2: Title: All Currencies Are Reserve Currencies Speaker – Prof. Joseph E. Gagnon, PIIE (20 minutes) Discussant: Mr. Anil Bisen, GoI (10 Minutes) |
| 12.15 a.m. – 12.45 p.m. | Question and Answers: (20 minutes) Chairman’s Summing up (10 Minutes) |
| 12.45 p.m. – 02.00 p.m. | Lunch |
| 02.00 p.m. – 03.30 p.m. | Session II – Challenges of Capital Account Management Chair: Mr. H. R. Khan, DG, RBI |
| 02.00 p.m. – 02.30 p.m | Paper 3: Title: Capital Controls and Exchange Rate Management Speaker – Prof. Michael Klein, Fletcher School, Tufts (20 minutes) Discussant: Dr. Matias Vernengo, BCRA(10 Minutes) |
| 02.30 p.m. – 03.00 p.m. | Paper 4: Title: Multilateral Aspects of Managing the Capital Account Speaker – Dr. Jonathan Ostry, IMF (20 minutes) Discussant: Mr. Deepak Mohanty, RBI (10 Minutes) |
| 03.00 p.m. – 03.30 p.m. | Question and Answers: (20 minutes) Chairman’s Summing up (10 Minutes) |
| 03.30 p.m. – 03.45 p.m. | Tea/Coffee Break |
| 03.45 p.m. – 05.45 p.m. | Session III – Select Country Experiences – Objectives of Capital Flows Management, Instruments and their Effectiveness Chair: Dr. Ashok Lahiri, Executive Director (India), ADB |
| 03.45 p.m. – 04.15 p.m | Country Paper 1: India. Speaker – Dr. Subir Gokarn, RBI (20 minutes) Discussant: Prof. Sugata Marjit, CSSS (10 Minutes) |
| 04.15 p.m. – 04.45 p.m. | Country Paper 2: Brazil. Speaker – Dr. Luiz Pereira (BCB) (20 minutes) Discussant: Prof. Errol D’Souza, IIM (10 Minutes) |
| 04.45 p.m. – 05.15 p.m. | Country Paper 3: Indonesia. Speaker – Dr. H. A. Sarwono (BI) (20 minutes) Discussant: Mr. Hiranya Mukhopadhyay, ADB(10 Minutes) |
| 05.15 p.m. – 05.45 p.m | Question and Answers: (20 minutes) Chairman’s Summing up (10 Minutes) |
| 07.30 p.m. – 09.30 p.m. | Conference Dinner hosted by Dr. Subir Gokarn, DG, RBI at Rooftop Rendezvous of Taj |
| Timing | Topic |
|---|---|
| 09.30 a.m. – 12.45 p.m | Session IV: Panel Discussion Panel I Chairman/Moderator: Prof. Shankar Acharya Panelists: (i) Dr. Subir Gokarn, DG, RBI, (ii) Mr. Luiz A. Pereira da Silva, DG, BCB, (iii) Ms. Wilhelmina C. Maňalac, MD, BSP, and (iv) Dr. Sangdai Ryoo, Director General of International Dept., BoK |
| 09.30 a.m. – 10.30 a.m | Questions 1. Whether capital controls minimise volatility? If so, which should be more focused as a policy tool, strategic control or tactical control? 2. What additional instruments central banks need to deal with capital flows? 3. How do we distinguish between macro-prudential and capital controls? Can there be a definite framework for macro-prudential tools? 4. Should CFMs be taken only in recipient EMEs or countries of their origin too? How to coordinate the policies? |
| 10.30 a.m. – 10.50 a.m. | Question and Answers |
| 10.50 a.m.– 11.00 a.m | Chairman/Moderator’s Summing Up |
| 11.00 a.m.– 11.15 a.m. | Tea/Coffee Break |
| 11.15 a.m. – 12.15 p.m | Panel II Chairman/Moderator: Prof. Shankar Acharya Panelists: (i) Mr. H R Khan, DG, RBI, (ii) Mr. Thomas Moser, AMGB, SNB, (iii) Mr. Manuel Marfán L., DG, BCC, Chile, and (iv) Dr. Choy K. Meng, Principal Economist, MAS Questions: 1. What is the adequate level of reserves in the backdrop of volatile capital flows to ensure external sector stability? 2. Does the approach to Capital Account Liberalisation need a change? How should institutions like IMF view capital account opening up in the evolving situation? Given the volatility in capital flows, can liberalisation of capital account be bound in a framework? 3. What changes are required in the international financial architecture to manage the volatility in capital flows? Are the reforms in IMF surveillance sufficient to handle the dynamics of capital flows? 4. Do regional financial arrangements like swaps help during periods of capital flow volatility? |
| 12.15 p.m. – 12.35 p.m | Questions and Answers |
| 12.35 p.m. –12.45 p.m | Chairman’s/Moderator’s Summing Up |
| 12.45 p.m. – 01.05 p.m. | Concluding Session |
| 12.45 p.m. – 01.05 p.m. | Summing up and Closing Remarks: Mr Bruno Carrasco, ADB |
| 01.05 p.m.–02.30p .m. | Concluding Lunch |
