Monetary and Financial Cooperation in Northeast Asia-the Lessons from Europe
Date : Wednesday, December 3, 2003
Venue: KIEP Seminar Room (7th Floor)

09:30∼10:00 Opening Remark - Dr. Wook Chae, Vice President of KIEP

10:00∼12:00 sessionxx I : Monetary and Financial Integration-European Experiences Chair : Prof. In-June KIM, Seoul National University

10:00 The euro area economy after almost five years: experiences and future challenges
Presentation : Jurgen Kroeger, Directorate General for Economic and Financial Affairs, EU Commission

10:40 On a few controversial issues in monetary policy in Euro-area
Presentation : Prof. M. Aglietta, University of Paris-X, France

11:20 Germany in EMU: current and future challenges
Presentation : Prof. von Hagen (ZEI), Dr. Mundeschenk(ZEI) and
Dr. Rolf Strauch (ECB)
Discussants: Prof. Masahiro Kawai (University of Tokyo, Japan)
Prof. Seung Gwan Baek (Hongik Univ., Korea)
Prof. Hee-Yul Chai (Dongduk Univ., Korea)

12:00∼13:30 Luncheon (KOTRA Club, KOTRA 11th floor)

13:30∼15:30 sessionxx II : Motivations and barriers for monetary and financial cooperation in East Asia
Chair : Dr. Soogil Young, Kopec Vice-Chairman

15:30 Monetary integration and real convergence; a comparison between Europe and Asia
Presentation : Prof. Woo-Sik Moon, Seoul National Univ.,
Yeongseop Rhee, Sookmyung Univ. and Dr. Deok Ryong Yoon, KIEP

14:10 Regional Financial Cooperation in East Asia: Incentives and Impediments
Presentation : Prof. Masahiro Kawai, University of Tokyo

14:50 ASEAN and Monetary Cooperation
Presentation : Dr. Josef T. Yap, PIDS
Discussants: Dr. Mundeschenk, (ZEI, Germany)
Prof. Jung Sik Kim (Yonsei Univ.)
Prof. Chang Kyu Choi (Myungji Univ.)

15:30∼15:40 Coffee Break

15:40∼17:30 sessionxx III : Perspective for Monetary and Financial Cooperation in East Asia
Chair : Prof. Yung Chul Park, Korea University

15:40 Financial Integration and Consumption Risk Sharing in East Asia
Presentation : Prof. Soyoung Kim, Korea University,
Sunghyun H. Kim, Tufts University and Dr. Yunjong Wang, KIEP

16:20 Road to Asia euro
Presentation : Prof. Takatoshi Ito, University of Tokyo, Japan

17:00 FDI integration and institutional integration: the case of China
Presentation: Prof. Yasheng Huang, MIT, US
Discussants: Dr. Juergen Kroeger (EU Commission)
Prof. Youngseop Rhee (Sookmyung Women’s Univ., Korea )

17:40∼18:10 Panel Discussion: Can Asia emulate Europe?
Chair: Prof. Yung Chul Park, Korea University
All the presenters

18: 30∼20:30 Dinner

Speech given by Mr. Joong-Kyung Choi, Director General of MOFE