KDI - Korea Development Institute - NEWS & EVENTS - Events

SEPTEMBER 03 - 03 / 2025 09:30~16:40 (KST)

2025 G20 Global Financial Stability Conference

TIME
VENUEGrand Ballroom(LL), The Plaza Hotel Seoul
HOSTSMinistry of Economy and Finance (MOEF), Korea Development Institute (KDI)

Letter of Invitation

The “G20 Global Financial Stability Conference 2025”, jointly organized by the Ministry of Economy and Finance of the Republic of Korea (MOEF) and the Korea Development Institute (KDI) will be held on September 3 (Wed), 2025 at The Plaza Hotel Seoul.

Since 2013, the G20 Global Financial Stability Conference has been bringing together the world’s leading academics, policymakers, and experts from home and abroad to share their views and insights on the current state of international finance, and to discuss key implications and policy responses.

The 2025 conference aims to address three main themes:
1. Correcting Global Imbalances: Implications for International Trade and Finance
2. Key Challenges Facing the International Financial System
3. Evolving Sovereign Debt Landscape

We expect that this conference will serve as an important venue for exchanging views on today’s most pressing concerns of the world economy and bringing forward next steps to further strengthen global financial stability.

We kindly ask for your interest and attendance.

September 2025

Lee, Hyoung Il
1st Vice Minister of Economy and Finance, Republic of Korea

Cho, Dong Chul
President, Korea Development Institute

SEPTEMBER 03 / 2025 2025 G20 Global Financial Stability Conference

09:30-10:45 Opening Ceremony

Opening Remarks: 1st Vice Minister of Economy and Finance (MOEF); President, Korea Development Institute (KDI)

Keynote Speech: C. Fred Bergsten Senior Fellow, Peterson Institute for International Economics (PIIE); Professor of Economics, Princeton University

10:45-11:00 Coffee Break

11:00-12:10 Session 1: Correcting Global Imbalances: Implications for International Tradeand Finance

Moderator: Professor of Economics, Korea University President, Korea Money and Finance Association (KMFA)

Presenters: Deputy Chief Economist & Director of the Prospects Group, World Bank (WB); Professor of Economics, Global Affairs & Public Policy, University of Toronto

Panelists: Professor of Economics, University of Wisconsin-Madison; Director for Transition Impact and Global Economics, Office of the Chief Economist, European Bank for Reconstruction and Development (EBRD)

12:10-14:00 Luncheon

14:00-15:10 Session 2: Key Challenges Facing the International Financial System

Moderator: Senior Fellow in the Global Economy and Development Program, Brookings Institution

Presenter: Deputy Director for Strategy, Policy and Review Department, International Monetary Fund (IMF); Principal Economist for Financial Stability Policy at the Monetary and Economic Department, Bank for International Settlements (BIS)

Panelists: Professor of Economics, Korea University President, Korea Money and Finance Association (KMFA); Visiting Professor of Economics, Seoul National University, Former Senior Secretary to the President for Economic Affairs, Office of the President

15:10-15:30 Coffee Break

15:30-16:40 Session 3: Evolving Sovereign Debt Landscape

Moderator: Visiting Scholar, Korea Development Institute (KDI) Former Deputy Governor, Bank of Korea

Presenters: Economic Adviser & Head of the Monetary and Economic Department, Bank for International Settlements (BIS); Former Governor, Czech National Bank

Panelists: Head of Government Bond Research Unit, Korea Development Institute (KDI); Professor of International Economic Relations, American University

Dong Chul Cho
President, Korea Development Institute (KDI)
Hyoung Il Lee
1st Vice Minister of Economy and Finance (MOEF)

Markus Brunnermeier
Professor of Economics, Princeton University
Maurice Obstfeld
C. Fred Bergsten Senior Fellow, Peterson Institute for International Economics (PIIE)

Kwanho Shin
Professor of Economics, Korea University
President, Korea Money and Finance Association (KMFA)
Ayhan Kose
Deputy Chief Economist & Director of the Prospects Group, World Bank (WB)

Charles M. Engel
Professor of Economics, University of Wisconsin-Madison
Jonathan D. Ostry
Professor of Economics, Global Affairs & Public Policy, University of Toronto

Zia Qureshi
Senior Fellow in the Global Economy and Development Program,
Brookings Institution
Alexander Plekhanov
Director for Transition Impact and Global Economics, Office of the Chief Economist, European Bank for Reconstruction and Development (EBRD)

Inaki Aldasoro
Principal Economist for Financial Stability Policy at the Monetary and Economic Department,
Bank for International Settlements (BIS)
Kenneth Kang
Deputy Director for Strategy, Policy and Review Department, International Monetary Fund (IMF)

Jongwon Yoon
Visiting Professor of Economics, Seoul National University,
Former Senior Secretary to the President for Economic Affairs, Office of the President

Jun Il Kim
Visiting Scholar, Korea Development Institute (KDI)
Former Deputy Governor, Bank of Korea
Hyun Song Shin
Economic Adviser & Head of the Monetary and Economic Department,
Bank for International Settlements (BIS)

Randall Henning
Professor of International Economic Relations,
American University
Meeroo Kim
Head of Government Bond Research Unit,
Korea Development Institute (KDI)
Miroslav Singer
Former Governor,
Czech National Bank

SEPTEMBER 03 - 04 / 2024 (Day 1) 14:00-18:00 / (Day 2) 09:30-15:40

2024 Global Economy and Financial Stability Conference

TIME
VENUEThe Plaza Hotel Seoul, Republic of Korea
HOSTSMinistry of Economy and Finance (MOEF), KDI, Bank of Korea

Letter of Invitation

The "2024 Global Economy and Financial Stability Conference", jointly organized by the Ministry of Economy and Finance of the Republic of Korea, the Bank of Korea, the Korea Development Institute (KDI), and the Reinventing Bretton Woods Committee, will be held on September 3 (Tue) - 4 (Wed), 2024 at the Plaza Hotel Seoul.

This two-day conference aims to address two main themes: ① Responding to Challenges in the Global Economy, and ② Evolution of the Global Financial Environment and New International Financial System. In particular, it will focus on exploring new economic policy directions amidst consecutive economic crises; ways to enhance trade and investment cooperation amid global supply chain instability; the implications of global monetary policy actions on financial stability, including capital flows and elevated indebtedness between developed and developing countries; and other emerging topics such as Central Bank Digital Currency (CBDC), Artificial Intelligence (AI), the influence of digital finance, and more.

This conference will be held in conjunction with the G20 International Financial Architecture Working Group, co-chaired by the Ministry of Economy and Finance of Korea and the Ministry for the Economy and Finance of France. We expect this conference will serve as a meaningful occasion where government and central bank officials, policymakers from G20 member countries, as well as prominent scholars from home and abroad can come together to preemptively diagnose major challenges in the recent global economy and international financial markets while exploring response measures.

We kindly ask for your interest and attendance.

September 2024

Kim, Beom-seok
1st Vice Minister,
Ministry of Economy and Finance, Republic of Korea

Cho, Dong Chul
President, Korea Development Institute

SEPTEMBER 03 / 2024 2024 Global Economy and Financial Stability Conference

(Day 1) 14:00 - 15:00 Opening Ceremony & Keynote Speech

Opening Address & Keynote Speech: Opening Address; 1st Vice Minister, Ministry of Economy and Finance; President, Korea Development Institute

Keynote: ＂Bretton Woods in a New World＂; President Emeritus, The Center for Global Development / Former Director, Middle East and Central Asia Department, International Monetary Fund

(Day 1) 15:00 - 15:20 Coffee Break

(Day 1) 15:20 - 16:30 Session 1. Economic Policies in a World of Global Shocks

Chair: Member of the Monetary Policy Board, Bank of Korea

Speaker 1: Deputy Governor, Central Bank of Brazil

Panelists: Advisor, Asia and Pacific Department, International Monetary Fund

Panelists: Head of Monetary and Economic Department, Bank for International Settlements

Panelists: Professor, Korea University

(Day 1) 16:30 - 16:50 Coffee Break

(Day 1) 16:50 - 18:00 Session 2. Trade and Investment Cooperation Amidst Global Value Chain Disruptions

Chair: Professor, George Washington University

Speaker 1: Trade Policy and the Reshaping of Global Supply Chains; Director, Austrian Institute of Economic Research (WIFO)

Speaker 2: On the Welfare Economics of De-Risking and the Policy Instruments to Efficiently Achieve it; Dean, UC San Diego School of Global Policy and Strategy

Panelists: Research Manager, Trade and International Integration, Development Research Group, World Bank Trade Group

Panelists: Trade and GVC realignment under geo - economic and other pressures: What have we learnt in the few years since the policy shift?; Chief Economist and Director of the Economic Research and Statistics Division, World Trade Organization

Panelists: Firm-level Perspectives on Understanding Global Value Chains; Professor, Seoul National University

(Day 2) 09:30 - 10:40 Session 3. Evolution of Global Financial Environment and New International Financial System

Chair: Head of Multilateral Affairs, Trade and Development Policies Department, Ministry of Finance

Speaker 1: Debt Challenges under the Shadow of Elevated Interest Rates; Assistant Director, International Monetary Fund

Speaker 2: Uncertainty of Monetary Policy and Global Financial Stability; Professor, Ptinceton University

Panelists: Discussion: Debt Challenges under the Shadow of Elevated Interest Rates by Ayhan Kose; Head of Government Bond Research Team, Korea Development Institute

Panelists: Comments on M. Aysan Kose, Debt Challenges under the Shadow of Elevated Real Interest Rates; Warren Alpert Professor, Harvard Business School

Panelists: Session 3 Comments; Deputy Chief Economist and Director of Prospects Group, The World Bank

(Day 2) 10:40 - 11:00 Coffee Break

(Day 2) 11:00 - 12:10 Session 4. Digital Finance, AI and Financial Stability

Chair: Visiting Scholar, Korea Development Institute

Speaker 1: The Future of the International Financial Architecture; Partner, Oliver Wyman

Speaker 2: Cyber Risk: A Growing Concern for Macrofinancial Stability; Director of Digital Currency Research Division, Bank of Korea

Panelists: Head of Digital Assets, Group Treasury, UBS

Panelists: Assistant Director, Money and Capital Market Department, International Monetary Fund

Panelists: Secretary General, Financial Stability Board

(Day 2) 12:10 - 14:00 Luncheon

14:00 - 15:10 Session 5. [Panel] Bretton Woods in a New World: Navigating the New Economic Landscape

Chair: Executive Director and Founder, Reinventing Bretton Woods Committee

Panelists: Chairman Emeritus, Group of Thirty (G30)

Panelists: President Emeritus and Distinguished Fellow, Centre for Social Economic Progress, New Delhi, India

Panelists: Distinguished Fellow, Asia Global Institute, The University of Hong Kong

Panelists: Economic Adviser and Head of Research, Bank for International Settlement

Panelists: Director, Independent Evaluation Office, International Monetary Fund

Beom-seok KIM
1st Vice Minister,
Ministry of Economy and Finance
Dong Chul CHO
President, Korea Development Institute
Masood Ahmed
President Emeritus, The Center for Global Development /
Former Director, Middle East and Central Asia Department,
International Monetary Fund

Sunghwan SHIN
Member of the Monetary Policy Board, Bank of Korea
Gabriel Galipolo
Deputy Governor, Central Bank of Brazil
Chris Papageorgiou
Advisor, Asia and Pacific Department, International Monetary Fund
Claudio Borio
Head of Monetary and Economic Department,
Bank for International Settlements
Kim, Jinill
Professor,
Korea University

Danny Leipziger
Professor, George Washington University
Caroline Freund
Dean, UC San Diego School of Global Policy and Strategy
Gabriel Felbermayr
Director, Austrian Institute of Economic Research (WIFO)
Ralph OSSA
Chief Economist and Director of the Economic Research and Statistics Division,
World Trade Organization
Daria Taglioni
Research Manager, Trade and International Integration,
Development Research Group, World Bank Trade Group
Eunhee LEE
Professor, Seoul National University

William Roos
Head of Multilateral Affairs, Trade and Development Policies Department,
Ministry of Finance
Ayhan Kose
Deputy Chief Economist and Director of Prospects Group,
The World Bank
Laura Alfaro
Warren Alpert Professor, Harvard Business School
Meeroo KIM
Head of Government Bond Research Team, Korea Development Institute
Layna Mosley
Professor,
Ptinceton University
Jaewoo Lee
Assistant Director, International Monetary Fund

Jun Il KIM
Visiting Scholar, Korea Development Institute
John Schindler
Secretary General, Financial Stability Board
Mahvash Qureshi
Assistant Director, Money and Capital Market Department, International
Monetary Fund
Zou Xiaonan
Head of Digital Assets, Group Treasury, UBS
Sung-guan Yun
Director of Digital Currency Research Division, Bank of Korea
Oliver Wunsch
Partner,
Oliver Wyman

Marc Uzan
Executive Director and Founder, Reinventing Bretton Woods Committee
Jacob Frenkel
Chairman Emeritus, Group of Thirty (G30)
Rakesh Mohan
President Emeritus and Distinguished Fellow,
Centre for Social Economic Progress, New Delhi, India
Pablo Moreno
Director, Independent Evaluation Office, International Monetary Fund
Shin, Hyun Song
Economic Adviser and Head of Research, Bank for International Settlement
Andrew Sheng
Distinguished Fellow, Asia Global Institute, The University of Hong Kong

SEPTEMBER 20 / 2023 14:00~18:45

G20 Global Financial Stability Conference 2023

TIME
VENUELotte Hotel Seoul, Republic of Korea
HOSTSMinistry of Economy and Finance (MOEF), KDI

Letter of Invitation

The “2023 G20 Global Financial Stability Conference”, co-hosted by the Ministry of Economy and Finance (MOEF) and the Korea Development Institute, will be held on September 20 (Wed), 2023 at Lotte Hotel Seoul.

This conference will address the two themes of ①Challenges of the Global Economy and the International Financial Market in Turbulence, and ②International Financial Diversification and Financial Stability in the Post-Pandemic. In particular, we will delve into the impact of prolonged monetary tightening in major countries on the international financial market, and discuss the reorganization of industrial structure caused by rapid climate change in recent times and its ripple effects. Furthermore, we will explore means to strengthen the global financial safety net amidst the de-globalization trend triggered by the Russia-Ukraine War and worsening Sino-US relations.

This conference is being held in connection with the G20 International Financial Architecture Working Group Meeting, co-chaired by the Ministry of Economy and Finance of the Republic of Korea and the Ministry for the Economy and Finance of France. Accordingly, we expect this conference will serve as a meaningful forum for prominent scholars from home and abroad, and G20 member countries’ policy officials, to come together and make a preemptive diagnosis of major challenges in the recent international financial market while discussing response measures.

We ask for your interest and attendance.

September 2023

Kim, Byeong Hwan
1st Vice Minister,
Ministry of Economy and Finance, Republic of Korea

Cho, Dong Chul
President, Korea Development Institute

키비주얼.png(Click)

SEPTEMBER 20 / 2023 G20 Global Financial Stability Conference 2023

14:00 - 14:45 Opening Ceremony & Keynote Speech

Opening Address & Keynote Speech: Opening Address; 1st Vice Minister, Ministry of Economy and Finance; President, Korea Development Institute

Keynote: “Why is inflation back? Reflexions on other global economic and financial risks.”; Honorary Governor, Bank of France / Former President, European Central Bank

14:45 - 15:00 Coffee Break

15:00 - 16:45 Session 1. Challenges of the Global Economy and the International Financial Market in Turbulence

Chair: Founder and Director, Reinventing Bretton Woods Committee

Speaker 1: Post-Pandemic Transition: Monetary Policy and Debt; Aetna Professor, Harvard Kennedy School, Harvard University

Speaker 2: Meeting the Global Climate Challenge: The Role of Financial Incentives; Lead Economist and Research Manager for Sustainability and Infrastructure, The World Bank

Speaker 3: International Fragmentation; Senior Fellow, The Brookings Institution

Panelists: Advisor, Reserve Bank of India

Panelists: Fellow, Korea Development Institute

Panelists: Professor, Ajou University

16:45 - 17:00 Coffee Break

17:00 - 18:45 Session 2. International Financial Diversification and Financial Stability in the Post-Pandemic

Chair: Professor, Yonsei University

Speaker 1: Trends in the Global Use of Major Currencies; Head of Financial Markets, Bank for International Settlements

Speaker 2: Assessing the Geopolitical Threat to Global Financial Infrastructure; Senior Fellow, Peterson Institute for International Economics / Cofounder, Bruegel

Speaker 3: The Current Status and Risk Factors of NBFIs; Professor, Dongguk University

Panelists: Senior Director, Korea Development Institute

Panelists: Professor, Korea University

Panelists: Professor, Yonsei University

Kim, Byeong Hwan
1st Vice Minister,
Ministry of Economy and Finance
Cho, Dong Chul
President, Korea Development Institute
Jean-Claude Trichet
Honorary Governor,
Bank of France /
Former President, European Central Bank

Marc Uzan
Founder and Director, Reinventing Bretton Woods Committee
Jason furman
Aetna Professor,
Harvard Kennedy School, Harvard University
Carolyn Fischer
Lead Economist and Research Manager for Sustainability and
Infrastructure,
The World Bank
Gian Maria Milesi-Ferretti
Senior Fellow,
The Brookings Institution
Mohua Roy
Advisor,
Reserve Bank of India
Lee, Seung Hyup
Fellow,
Korea Development Institute
Lee, Wang Hwi
Professor,
Ajou University

Kim, Jun Il
Professor,
Yonsei University
Andreas Schrimpf
Head of Financial Markets,
Bank for International Settlements
Nicolas Veron
Senior Fellow,
Peterson Institute for International Economics /
Cofounder, Bruegel
Park, Sun Young
Professor,
Dongguk University
Jeong, Dae Hee
Senior Director,
Korea Development Institute
Lee, Jong Wha
Professor,
Korea University
Hahm, Joon Ho
Professor,
Yonsei University

SEPTEMBER 21 / 2022 09:30 - 16:50 (KST)

G20 Global Financial Stability Conference 2022

TIME
VENUEThe Plaza Hotel Seoul, Republic of Korea
HOSTSMinistry of Economy and Finance (MOEF), KDI

Letter of Invitation

We cordially invite you to the G20 Global Financial Stability Conference 2022 scheduled to be held at The Plaza Seoul hotel on Wednesday, September 21, co-hosted by the Ministry of Economy and Finance and Korea Development Institute. This conference, held in conjunction with the upcoming G20 International Financial Architecture Working Group meeting, will address three main themes: (1) The Global Economic Outlook and the Acceleration of Tightening Monetary Policy, (2) The Role of the Global Financial Safety Net, and (3) The Future of International Financial Architecture.

The conference will examine the impact of the acceleration of tightening monetary policy and geopolitical risks on indebted low-income countries as well as spillovers in international financial markets. It will also explore ways to enhance the governance and efficiency of international financial institutions to strengthen the Global Financial Safety Net.

Furthermore, this conference will analyze the future impact of the growing use of digital assets on financial stability and the resulting shifts in the financial markets. Invaluable insights are to be shared on how the G20 can demonstrate leadership in the context of international financial architecture in tackling global economic challenges including climate change.

We are confident that this conference will serve as a fruitful platform where scholars and G20 policymakers throughout the globe can join together and pool their wisdom to diagnose potential global economic risks and devise countermeasures.
We look forward to welcoming each and every one of you.

September 2022

Bang, Kisun
1^st Vice Minister,
Ministry of Economy and Finance, Republic of Korea

Koh, Youngsun
Acting President, Korea Development Institute

2022 G20 GFSC 키비주얼.jpg(Click)

SEPTEMBER 21 / 2022 G20 Global Financial Stability Conference 2022

09:30 - 10:15 Opening Ceremony & Keynote Speech

Opening Address & Keynote Speech: Opening Address; 1st Vice Minister, Ministry of Economy and Finance, Republic of Korea; Acting President, Korea Development Institute

Congratulatory Address: Vice Chairman, Financial Services Commission

Keynote: Monetary Policy Coordination: 2022 versus 1982; Professor of Economics, University of California Berkeley

10:15 - 10:30 Coffee Break

10:30 - 12:15 Session 1. The Global Economic Outlook and the Acceleration of Tightening Monetary Policy

Chair: Economic Adviser and Head of Research, Bank for International Settlements (BIS)

Speaker 1: Global Outlook and Risks; Chief Economist & Director of the Prospects Group, World Bank (WB)

Speaker 2: Policy Responses to Rising Macroeconomic Challenges; Financial Counsellor and Director of Monetary and Capital Markets Department, International Monetary Fund (IMF)

Speaker 3: Fiscal and Debt Sustainability Issues and Challenges; Chief of Governance Thematic Group, Asian Development Bank (ADB)

Panelists: Director of Office of Macroeconomic Analysis and Forecasting, Korea Development Institute (KDI); Head of Investment Standards & Capital Flows Unit, Organization for Economic Cooperation and Development (OECD); Professor, University of Wisconsin-Madison

12:15 - 14:00 Lunch

14:00 - 14:10 Special Remarks

Special Remarks: Governor, Bank Indonesia

14:10 - 15:25 Session 2. The Role of the Global Financial Safety Net

Chair: President, Global Solutions Initiative

Speaker 1: Monetary Policy Spillovers after the Pandemic; Professor, University of California Davis

Speaker 2: Geopolitics, Global Financial Safety Net, and IMF Governance; Senior Non-Resident Fellow, Peterson Institute for International Economics (PIIE)

Panelists: Associate Fellow, Korea Development Institute (KDI); Assistant Secretary, Multilateral, Development and Trade Affairs, French Treasury

15:35 - 16:50 Session 3. The Future of International Financial Architecture

Chair: Professor, University of Indonesia

Speaker 1: Future of Digital Assets in the Post-Pandemic Era; Head of Financial Stability Policy, Bank of International Settlements (BIS)

Speaker 2: Future-Proofing the International Monetary System; Historian, International Monetary Fund (IMF)

Panelists: Head of e-Finance Division, Bank of Korea (BOK); President, Global Solutions Initiative

Bang, Kisun
1st Vice Minister, Ministry of Economy and Finance, Republic of Korea
Koh, Youngsun
Acting President, Korea Development Institute
Kim, Soyoung
Vice Chairman, Financial Services Commission
Maurice Obstfeld
Professor of Economics, University of California Berkeley

Hyun Song Shin
Economic Adviser and Head of Research, Bank for International Settlements (BIS)
Ayhan Kose
Chief Economist & Director of the Prospects Group, World Bank (WB)
Tobias Adrian
Financial Counsellor and Director of Monetary and Capital Markets Department, International Monetary Fund (IMF)
Hiranya Mukhopadhyay
Chief of Governance Thematic Group, Asian Development Bank (ADB)
Jung, Kyu-Chul
Director of Office of Macroeconomic Analysis and Forecasting, Korea Development Institute (KDI)
Winfrid Blaschke
Head of Investment Standards & Capital Flows Unit, Organization for Economic Cooperation and Development (OECD)
Charles Engel
Professor, University of Wisconsin-Madison

Perry Warjiyo
Governor, Bank Indonesia
Dennis Snower
President, Global Solutions Initiative
Alan Taylor
Professor, University of California Davis
Adnan Mazarei
Senior Non-Resident Fellow, Peterson Institute for International Economics (PIIE)
Choi, Woojin
Associate Fellow, Korea Development Institute (KDI)
William Roos
Assistant Secretary, Multilateral, Development and Trade Affairs, French Treasury

Bambang Brodjonegoro
Professor, University of Indonesia
Stijn Claessens
Head of Financial Stability Policy, Bank of International Settlements (BIS)
Atish Ghosh
Historian, International Monetary Fund (IMF)
Yun, Sung-guan
Head of e-Finance Division, Bank of Korea (BOK)

SEPTEMBER 07 / 2021 10:00 -15:30 (KST)

G20 Global Financial Stability Conference 2021

TIME
VENUEKDI (Youtube Live)
HOSTSMinistry of Economy and Finance (MOEF), KDI

Letter of Invitation

We cordially invite you to the G20 Global Financial Stability Conference 2021, co-hosted by the Ministry of Economy and Finance and Korea Development Institute (KDI) and scheduled to take place on September 7, Tuesday. Considering the recent COVID-19 situation, the conference will be held in a hybrid form (online + on-site).

This conference will cover three main themes : 1) The Global Financial Stability Risks and Policy Coordination in the Pandemic Era, 2) The Digital Currency and their Macro-Financial Implications, and 3) Post-Pandemic International Financial Market and System.

The COVID-19 pandemic has had a huge impact not only on the real economy such as the global supply chain and consumer behavior patterns, but also on domestic and global financial economy as seen from the increasing instability of global capital flows. In addition, the uneven global economic recovery followed by potential monetary policy normalization in some countries can pose a major threat to the global economy. Furthermore, the emergence of digital currency in line with the acceleration of “Economic Digitization” poses a new challenge for all of us.

This conference will enable various scholars and professionals from home and abroad to examine in-depth policy objects together and discuss strategies to ensure global financial stability and solid economic growth, while preparing for the post-pandemic future of the international financial market and system.

We ask for your strong interest and active participation in this event.

Lee Eog-weon: 1st Vice Minister,
Ministry of Economy and Finance (MOEF), Republic of Korea
Hong, Jang Pyo: President, Korea Development Institute (KDI)

G20 GFSC 2021 Online Invitation Letter.pdf(Click)

SEPTEMBER 07 / 2021 G20 Global Financial Stability Conference 2021

10:00 - 10:30 Opening Ceremony & Keynote Speech1

Opening Addresses: 1st Vice Minister, Ministry of Economy and Finance(MOEF) Republic of Korea; President, Korea Develop Institute(KDI)

Keynote Address: Might the Pandemic Signal the End of Global Economic Convergence?; Professor, Harvard University

10:30 - 10:40 Break

10:40 - 12:00 Session 1. The Global Financial Stability Risks and Policy Coordination in the Pandemic Era

Moderator: Professor, KDI School of Public Policy and Management

Speakers 1: Growth After the Pandemic Global Recession; Chief Economist and Director of the Prospects Group, The World Bank (WB)

Speakers 2: Monetary Policy Spillovers, Capital Flows and Safe Assets; Professor, Princeton University

Discussion: Financial Counsellor and Director, International Monetary Fund (IMF); Monetary Advisor, Federal Reserve Bank (FRB) of Minneapolis; Professor, Stern School of Business, New York University, Former Deputy Governor, Reserve Bank of India

14:00 - 14:10 Break

13:00 - 14:00 Session 2. The Digital Currency and Their Macro-Financial Implications

Moderator: Director General for International Financial Relations, Italian Ministry of Economy and Finance

Speakers 1: What are Global Stablecoins (GSCs) and Central Bank Digital Currency (CBDC)?; Digital Currency Research Team Head, Bank of Korea

Speakers 2: Exploring The Policy Implications of Digital Currencies; Senior Advisor, Blockchain and Tax, Organisation for Economic Co-operation and Development (OECD)

Discussion: Research Fellow, Korea Development Institute (KDI); Associate Professor, Renmin University of China; Director, Ministry of Republic of Indonesia

14:10 - 15:30 Session 3. Post-Pandemic International Financial Market & System

Moderator: Professor and PH.D, Advisor, Shanghai Academy of Social Sciences

Speakers 1: Non-bank financial intermediaries and dollar funding stresses; Economic Adviser and Head of Research, Bank for International Settlements (BIS)

Speakers 2: Implications on the International Financial System and Future Agendas; Acting Director, Directorate for Financial and Enterprise Affairs, Organisation for Economic Co-operation and Development (OECD)

Discussion: Member of Monetary Policy Committee, Bank of England; Professor, Seoul National University

G20 GFSC 2021 Online Invitation Letter_1.jpg

Lee Eog-Won
1st Vice Minister, Ministry of Economy and Finance(MOEF) Republic of Korea
Hong, jang Pyo
President, Korea Develop Institute(KDI)
Jeffrey Frankel
Professor, Harvard University
Dongchul Cho
Professor, KDI School of Public Policy and Management
Ayhan Kose
Chief Economist and Director of the Prospects Group, The World Bank (WB)
Markus Brunnermeier
Professor, Princeton University

Tobias Adrian
Financial Counsellor and Director, International Monetary Fund (IMF)
Marco Bassetto
Monetary Advisor, Federal Reserve Bank (FRB) of Minneapolis
Viral Acharya
Professor, Stern School of Business, New York University, Former Deputy Governor, Reserve Bank of India
Gelsomina Vigliotti
Director General for International Financial Relations, Italian Ministry of Economy and Finance
Sung-Guan Yun
Digital Currency Research Team Head, Bank of Korea
Caroline Malcolm
Senior Advisor, Blockchain and Tax, Organisation for Economic Co-operation and Development (OECD)

Yoon Hae Oh
Research Fellow, Korea Development Institute (KDI)
Hua Cheng
Associate Professor, Renmin University of China
Saiful Islam
Director, Ministry of Republic of Indonesia
Mingqi Xu
Professor and PH.D, Advisor, Shanghai Academy of Social Sciences
Hyun song Shin
Economic Adviser and Head of Research, Bank for International Settlements (BIS)
Mathilde Mesnard
Acting Director, Directorate for Financial and Enterprise Affairs, Organisation for Economic Co-operation and Development (OECD)

Catherine Mann
Member of Monetary Policy Committee, Bank of England
Soyoung Kim
Professor, Seoul National University

NOVEMBER 05 / 2019 09:00 - 17:50 (KST)

G20 Global Financial Stability Conference 2019

TIME
VENUEThe Lotte Hotel Seoul, Republic of Korea
HOSTSMinistry of Economy and Finance (MOEF), KDI

Greetings

Since its inception in 2013, the Global Financial Stability Conference has been an international forum for leading financial experts at home and abroad to examine risk factors and consider countermeasures for the global financial system.

We’ve reflected on the challenges and achievements during the two crises, the Asian Currency Crisis and the Global Financial Crisis. And we’ve been discussing preemptive measures against newly emerging risk factors that can pose a serious threat to financial stability, from cross-border capital flows to the digital economy.

Recently, uncertainties in the global financial market are further growing due to increasing volatility in capital flows, escalating trade tensions and rising geopolitical risks. In particular, trade conflicts and resulting disruptions in the global value chains are identified as the biggest risk factors to potential growth and financial stability of the global economy.

As financial crises strike us when problems combine in unpredictable and unforeseen ways, it will be meaningful for us to proactively examine and analyze the impact of various risk factors on global financial stability and discuss appropriate countermeasures.

The G20 Global Financial Stability Conference 2019, joined by policy makers at home and abroad, experts from academia and international organizations will discuss challenges to global financial stability and pool our wisdom on the role of the G20 and policy coordination for global financial stability.

We cordially invite you to share your insights with us at the Conference.

Yongbeom Kim: 1st Vice Minister,
Ministry of Economy and Finance (MOEF), Republic of Korea
Jeongpyo Choi: President, Korea Development Institute (KDI)

G20 GFSC 2019 Online Invitation Letter.pdf(Click)

NOVEMBER 05 / 2019 G20 Global Financial Stability Conference 2019

09:30 - 10:15 Opening Ceremony & Keynote Speech

Opening Address: 1st Vice Minister, Ministry of Economy and Finance (MOEF), Republic of Korea; President, Korea Development Institute (KDI)

Keynote Address: Dean, NUS Business School

10:15 - 10:30 Break

10:30 - 12:20 Session 1. Global Financial Environment and Challenges

Chair: Professor, Seoul National University

Speaker 1: World Economic Outlook: Global Manufacturing Downturn, Rising Trade Barriers; Deputy Director, Research Department, IMF

Speaker 2: Global Financial Environment and Challenges; Professor, UC Santa Cruz

Speaker 3: A Contagion through Exposures to Foreign Banks; Professor, Korea University

Panelists: Associate Professor, Johns Hopkins University; Director, International Finance Division, International Department, Bank of Korea; Associate Professor, University of Tokyo

12:20 - 12:30 Break

12:30 - 12:50 Lunch Lecture. Decentralized Financial Technology and Financial Stability

Speaker: Deputy Division Chief, Monetary and Capital Markets Department, IMF

12:50 - 14:00 Lunch

14:00 - 15:45 Session 2. Trade Tensions and Global Financial Stability

Chair: Trade Tensions and Global Financial Stability; Dean, NUS Business School

Speaker 1: Trade Tensions, Activity, and Financial Stability; Director, Prospects Group, World Bank

Speaker 2: Trade Tensions & Financial Stability: US-China Disputes; Professor, University of Hawaii

Speaker 3: Trade Disputes and Global Economy; Professor, Korea University

Panelists: Professor, New York University - Abu Dhabi; Professor, KDI School of Public Policy; Professor and Director, Central University of Finance and Economics

15:45 - 16:00 Break

16:00 - 17:50 Session 3. Role of G20 for Financial Stability

Chair: Senior Research Fellow, KIEP

Speaker 1: Role of G20 for Financial Stability; Senior Deputy Director General, International Bureau, Ministry of Finance, Japan

Speaker 2: G20‘s Role in Financial Stability; G20 IFA Lead and the Senior Advisor for the Executive Director, IMF - Saudi Arabia Office

Speaker 3: International Financial Architecture: Challenges Ahead and G20 Agenda; Advisor, Strategy Unit, Strategy, Policy and Review Department, IMF

Speaker 4: Enhancing the Collaboration between the IMF and RFAs: ASEAN+3 perspective; Deputy Director, AMRO

Panelists: Assistant Secretary, Multilateral Affairs, Trade and Development Policies Department, The French Treasury; Head of Economics and Financial Markets for Asia and the Pacific, BIS

G20 GFSC 2019 Online Invitation Letter.pdf

Yongbeom Kim
1st Vice Minister,
Ministry of Economy and Finance (MOEF), Republic of Korea
Jeongpyo Choi
President, Korea Development Institute (KDI)
Andrew K. Rose
Dean, NUS Business School

Soyoung Kim
Professor, Seoul National University
Gian Maria Milesi-Ferretti
Deputy Director, Research Department, IMF
Michael Hutchison
Professor, UC Santa Cruz
Kwanho Shin
Professor, Korea University
Alessandro Rebucci
Associate Professor, Johns Hopkins University
Cheol-ho Choi
Director, International Finance Division,
International Department, Bank of Korea
Kenichi Ueda
Associate Professor, University of Tokyo

Tommaso Mancini-Griffoli
Deputy Division Chief,
Monetary and Capital Markets Department, IMF

Ayhan Kose
Director, Prospects Group, World Bank
Theresa Greaney
Professor, University of Hawaii
Jong-Wha Lee
Professor, Korea University
Jean Imbs
Professor, New York University - Abu Dhabi
Wook Sohn
Professor, KDI School of Public Policy
Liqing Zhang
Professor and Director, Central University of Finance and Economics

Deok Ryong Yoon
Senior Research Fellow, KIEP
Takashi Miyahara
Senior Deputy Director General, International Bureau,
Ministry of Finance, Japan
Bandr Alhomaly
G20 IFA Lead and the Senior Advisor for the Executive Director,
IMF - Saudi Arabia Office
Ana Corbacho
Advisor, Strategy Unit, Strategy, Policy and Review Department, IMF
Yoon Kyung Kim
Deputy Director, AMRO
Guillaume Chabert
Assistant Secretary, Multilateral Affairs, Trade and Development Policies Department, The French Treasury
Ilhyock Shim
Head of Economics and Financial Markets for Asia and the Pacific, BIS

JUNE 14 / 2018 09:30 - 17:50 (KST)

G20 Global Financial Stability Conference 2018

TIME
VENUEDynasty Hall, The Shilla Seoul, Republic of Korea
HOSTSMinistry of Strategy and Finance (MOSF), Korea Development Institute (KDI)

Letter of Invitation

A decade ago, the world economy faced a financial crisis, considered as the worst since the Great Depression. To overcome the crisis, major countries have employed unprecedented expansionary macroeconomic policies, and have promoted international policy coordination, centered around the G20. Thanks to the efforts, the global economy has bounced back.

However, the uncertainties stemming from normalization of monetary policy and spreading protectionsim are perceived as risk factors in the global market. Also, the advent of digital economy including crypto-assets is likely to pose challenges to financial systems. It is therefore meaningful to identify potential risk factors and proactive countermeasures to global financial stability.

The G20 Global Financial Stability Conference 2018, joined by policymakers and experts from academia and international organizations, will reflect on the roles and achievements of the G20 is overcoming the crisis as well as cross-border capital flows and financial safety nets since then. Moreover, the impact of digital economy on financial stability and considerations for policy coordination will be discussed.

We cordially invite you to share your insights with us.

June 2018

Kunil Hwang
Deputy Minister, Ministry of Strategy and Finance, Republic of Korea

Jeong Pye Choi
President, KDI

invitation.pdf(Click)

JUNE 14 / 2018 G20 Global Financial Stability Conference 2018

09:30 - 10:15 Opening Address & Keynote Speech

Opening Address: Deputy Minister, Ministry of Strategy and Finance, Korea; President, KDI

Keynote Address: Professor, UC Berkeley

10:15 - 10:30 Break

10:30 - 12:20 Session 1. The G20, a Decade after the Global Financial Crisis: Achievements and Challenges

Moderators: Professor, UC Berkeley

Speaker 1: The case of Financial Reforms; Former Secretary General, Financial Stability Board (FSB)

Speaker 2: A Decade after the Global Financial Crisis: Promoting Finanical Stability in Asia; Professor, Tokyo University

Speaker 3: The G20, a Decade after the Global Financial Crisis: Achievements and Challenges; Former Senior Fellow, Center for International Governance Innovation (CIGI)

Panelists: Professor, KDI School of Public Policy and Management; Director International Financial Architecture, G20 Unit, Ministry of the Treasury of Argentina; Assistant Secretary, Multilateral Affairs, Trade and Development Policies Dept., The French Treasury

12:20 - 12:45 Lunch Lecture. Crypto-asset and its underlying technology

Speaker: Senior Research Director, Funds Management and Banking Dept., Bank of Canada

12:45 - 14:00 Lunch

14:00 -15:40 Session 2: Capital Flows and Global Financial Safety Net

Moderator: Professor, Seoul National University

Speaker 1: The IMF’s Institutional View on Capital Flows and Its Application in Surveillance; Deputy Director, Strategy, Policy and Review Dept., IMF

Speaker 2: Macroprudential Policy Cooperation: An Expanded Role for the FSB?; Professor, Wisconsin University

Speaker 3: Strengthening the Global Financial Safety Net: Safeguarding Financial Stability amidst Volatile Capital Flows; Deputy Director, ASEAN+3 Macroeconomic Research Office (AMRO)

Panelists: Deputy Director-General, Ministry of Strategy and Finance, Korea; Senior Economist, European Stability Mechanism (ESM)

16:00 - 17:50 Session 3: Changes in Capital Flows in the Era of Digital Economy

Moderator: Chief Anchor, Arirang TV

Speaker 1: Will Cryptocurrencies Disintermediate Banks?; Professor, UC Santa Barbara

Speaker 2: Central Bank Cryptocurrencies; Managing Director, Center for Innovative Finance, University of Base

Speaker 3: Update on the FSB Work on Crypto-assets; Member of Secretariat, Financial Stability Board (FSB)

Panelists: Director General, International Macroeconomics & Finance Dept., Korea Institute for International Economic Policy (KIEP); Deputy General Counsel, Legal Dept., IMF; Deputy Commissioner for International Affairs, Financial Services Agency of Japan

Kunil Hwang
Deputy Minister, Ministry of Strategy and Finance, Korea
Jeong Pyo Chol
President, KDI
Barry Eichengreen
Professor, UC Berkeley

Svein Andresen
Former Secretary General, Financial Stability Board (FSB)
Masahiro Kawai
Professor, Tokyo University
Barry Carin
Former Senior Fellow, Center for International Governance Innovation (CIGI)
Wonhyuk Lim
Professor, KDI School of Public Policy and Management
Maia Colodenco
Director International Financial Architecture, G20 Unit, Ministry of the Treasury of Argentina
Guillaume Chabert
Assistant Secretary, Multilateral Affairs, Trade and Development Policies Dept., The French Treasury

James Chapman
Senior Research Director, Funds Management and Banking Dept., Bank of Canada

Soyoung Kim
Professor, Seoul National University
Petya Koeva Brooks
Deputy Director, Strategy, Policy and Review Dept., IMF
Charles Engel
Professor, Wisconsin University
Yasuto Watanabe
Deputy Director, ASEAN+3 Macroeconomic Research Office (AMRO)
Weon-Kyoung Jo
Deputy Director-General, Ministry of Strategy and Finance, Korea
Gong Cheng
Senior Economist, European Stability Mechanism (ESM)

Jennifer Moon
Chief Anchor, Arirang TV
Rodney J. Garratt
Professor, UC Santa Barbara
Fabian Schär
Managing Director, Center for Innovative Finance, University of Base
Yasushi Shiina
Member of Secretariat, Financial Stability Board (FSB)
Sungbae An
Director General, International Macroeconomics & Finance Dept., Korea Institute for
International Economic Policy (KIEP)
Ross Leckow
Deputy General Counsel, Legal Dept., IMF
Shigeru Ariizumi
Deputy Commissioner for International Affairs, Financial Services Agency of Japan

NOVEMBER 15 / 2017 09:30 - 17:00 (KST)

Global Financial Stability Conference 2017

TIME
VENUEConrad Seoul, Republic of Korea
HOSTSMinistry of Strategy and Finance, KDI

Letter of Invitation

Twenty years have passed since the Asian Financial Crisis of 1997. The Korean economy at the time had experienced unprecedented difficulties, triggered by the sudden outflow of capital and the depletion of foreign exchange reserves. With the concerted efforts of Korean people, however, Korea managed to overcome the crisis, achieving a sound external position and reinforcing its capacities to manage systemic risks.

Recently the world economy is showing signs of recovery. However, there are a number of risk factors including the normalization of monetary policy in advanced economies, uncertainties around trade protectionism, and a slowdown of productivity growth. To prevent such risks from precipitating another crisis, pre-emptive measures and cross-border policy coordination are necessary and such efforts shall begin by reviewing the lessons from the past.

The Global Financial Stability Conference 2017: The Asian Crisis 20 Years Later will provide a meaningful opportunity to revisit the policy environments and responses of Asian countries twenty years ago and to have in-depth discussions on the global financial system and safety net with policymakers and international finance experts from academia and international organizations. We cordially invite you to the Conference in Seoul, and sincerely hope you will join us.

Hyoung-Kwon Ko
Vice Minister, Ministry of Strategy and Finace, Republic of Korea

Joon-Kyung Kim
President, KDI

Invitation.jpg(Click)

NOVEMBER 15 / 2017 Global Financial Stability Conference 2017

09:30 - 10:15 Opening Address & Keynote Speech

Opening Address: Vice Minister, Ministry of Strategy and Finance, Korea; President, KDI

Keynote Speech: An Evaluation of International Economic Coordination in the Asian Crises; Senior Fellow, Peterson Institute for International Economics (PIIE)

10:15 - 10:30 Break

10:30 - 12:00 Session 1. The Global Financial System and the Asian Financial Crisis

Chair: Executive Director, IMF

Speaker 1: Managing Global Liquidity in the Financial System; Professor, Georgetown University

Speaker 2: 1997-1998 Asian Crises Lessons Lost?; Senior Visiting Fellow, Khazanah Research Institute

Speaker 3: International Monetary and Financial System: Developments and Challenges of Asian Countries since Asian Crisis; Professor, Seoul National University

Panelists: Lessons from the Two Crises; Advisor, Research Department, IMF; Senior Fellow, Peterson Institute for International Economics (PIIE)

12:00 - 13:30 Break

13:30 - 15:00 Session 2. The Asian Financial Crisis: Country Cases

Chair: Director, Global Economy Research Division, KDI

Speaker 1: Overcoming the 1997-98 Crisis; Member of Monetary Policy Board, Bank of Korea

Speaker 2: Miracle and Debacle in Southeast Asia; Senior Visiting Fellow, Khazanah Research Institute

Speaker 3: Why did Asian Countries Fare much better during Global Financial Crisis than during Asian Financial Crisis?; Principal Economist, Economic Research and Regional Cooperation Department, ADB

Panelists: Director General, International Finance Bureau, Minister of Strategy and Finance, Korea; Distinguished Honorary Professor, Kyung Hee University

15:00 - 15:15 Break

15:15 - 17:00 Session 3. Prospects and Policy Implications for Global Financial Stability

Chair: Member of Advisory Panel, ASEAN+3 Macroeconomic Research Office (AMRO)

Speaker 1: Economic Risk and Resilience in Asia: What‘s Changed since the AFC? What more can be done to Improve Crisis Preparedness?; Visiting Fellow, Brookings Institution

Speaker 2: Developing CMIM and AMRO; Deputy Director, ASEAN+3 Macroeconomic Research Office (AMRO)

Speaker 3: Global Financial Outlook and Risk; Executive Managing Director, Institute for International Finance (IIF)

Panelists: Professor, Georgetown University; Senior Research Fellow, Korea Institute for International Economic Policy (KIEP)

Invitation.jpg

Hyoung-kwon Ko
Vice Minister, Ministry of Strategy and Finance, Korea
Joon-Kyung Kim
President, KDI
Edwin Truman
Senior Fellow, Peterson Institute for International Economics (PIIE)

Heenam Choi
Executive Director, IMF
Anoop Singh
Professor, Georgetown University
Jomo Kwame Sundaram
Senior Visiting Fellow, Khazanah Research Institute
Soyoung Kim
Professor, Seoul National University
Jun Il Kim
Advisor, Research Department, IMF

Wonhyuk Lim
Director, Global Economy Research Division, KDI
Dongchul Cho
Member of Monetary Policy Board, Bank of Korea
Donghyun Park
Principal Economist, Economic Research and Regional Cooperation Department, ADB
Yoon Kyung Kim
Director General, International Finance Bureau, Minister of Strategy and Finance, Korea
William Mako
Distinguished Honorary Professor, Kyung Hee University

Kyung Wook Hur
Member of Advisory Panel, ASEAN+3 Macroeconomic Research Office (AMRO)
Hung Tran
Executive Managing Director, Institute for International Finance (IIF)
Barry Sterland
Visiting Fellow, Brookings Institution
Yasuto Watanabe
Deputy Director, ASEAN+3 Macroeconomic Research Office (AMRO)
Deok Ryong Yoon
Senior Research Fellow, Korea Institute for International Economic Policy (KIEP)

JULY 26 / 2016 09:30 - 18:00 (KST)

Global Financial Stability Conference 2016

TIME
VENUEThe Westin Chosun Seoul, Republic of Korea
HOSTSMinistry of Economy and Finance (MOEF), KDI

Greetings

It is our great pleasure to invite you to the Global Financial Stability Conference 2016, jointly organized by the Ministry of Strategy and Finance of Republic of Korea and Korea Development Institute, held on July 26th at The Westin Chosun Seoul, Korea.

The macroeconomic implications of the UK’s Brexit referendum last month were yet another reminder of the increased interconnectivity of the global economy. Many of us have learned over the years that any one political, economic, or social uncertainty, seemingly confined to an individual country, could trigger global financial instability such as rapid capital flows or severe exchange rate fluctuations.

In order to safeguard the financial stability of the world economy amidst uncertainties and potential risks, it is essential to build a seamless global financial safety net based on cross-border coordination of macroeconomic policies. In particular, there is an increasing need for comprehensive and in-depth analyses on newly emerging instruments such as regional financial arrangements and capital flow management, in addition to traditional measures such as foreign exchange reserves, currency swaps, and IMF loans. In this context, the upcoming conference will offer a meaningful occasion for policy makers and experts from governments, international organizations, and academia to share research findings and experiences on international capital flows, the global financial safety net and the international monetary system.

Once again, we sincerely hope you will join us in Seoul for a meaningful discussion on strengthening the global financial safety net. Thank you for your interest and support.

Inchang Song
Deputy Minister for International Economic Affairs, Ministry of Strategy and Finance

Joon-Kyung Kim
President, Korea Development Institute

JULY 26 / 2016 Global Financial Stability Conference 2016

09:30 - 10:15 Opening Remarks & Keynote Speech

Opening Remarks: Deputy Minister for International Economic Affairs, Ministry of Strategy and Finance, Korea; President, Korea Development Institute (KDI)

Keynote Speech: Reflections on the Financial System; Maurits C. Boas Professor of International Economics, Harvard University

10:15 - 10:30 Break

10:30 - 12:15 Session 1. Capital Flows & Policy Responses

Chair: Professor and Honorary Dean, National School of Development, Peking University

Speaker 1: GLOBAL Liquidity and Procyclicality; Economic Adviser and Head of Research, Bank for International Settlements

Speaker 2: International Capital Flows: Preferences, Pathologies, and a Patchwork of Policy Responses; Professor of Economics, University of Oxford

Speaker 3: CAPITAL FLOW SURGES AND REVERSALS: RESEARCH AND POLICY OPTIONS; Horton Professor of Economics, Claremont Graduate University

Panelists: Executive Director, World Bank; Maurits C. Boas Professor of International Economics, Harvard University

12:15 - 13:15 Luncheon

13:15 - 14:45 Session 2. Global Financial Safety Net & International Monetary System

Chair: Professor, KDI School of Public Policy and Management

Speaker 1: GLOBAL FINANCIAL STABILITY AND FINANCIAL SAFETY NETS; Director of Global Economy Program, Centre for International Governance Innovation

Speaker 2: From the International Issuer of Last Resort to the International Lender of Last Resort; Professor of Economics and Finance, Torcuato Di Tella University

Speaker 3: Measuring the Size and Effectiveness of the Global Financial Safety Net; Professor of International Economics, The Graduate Institute, Geneva

Panelists: Professor, School of International Service, American University; Director General, Ministry of Strategy and Finance, Korea

14:45 - 15:00 Break

15:00 - 16:30 Session 3. Regional Financial Arrangements Ⅰ

Chair: Executive Director, Reinventing Bretton Woods Committee

Speaker 1: The Role of Regional Financial Firewalls in Safeguarding Financial Stability: a European Perspective; Managing Director, European Stability Mechanism (ESM)

Panelists: Head, Investment Project Group, Eurasian Development Bank (EDB)

Panelists: Professor of Economics, University of Oxford; Assistant Deputy Minister, Department of Finance, Canada

16:30 - 16:45 Break

16:45 - 18:00 Session 3. Regional Financial Arrangements Ⅱ

Chair: Professor, School of International Service, American University

Speaker 1: Regional Financing Arrangement in Asia: Future Prospects; Professor, Graduate School of Public Policy, University of Tokyo

Speaker 2: Recent CMIM/AMRO Developments, and Key Issues/Challenges; Senior Economist, ASEAN+3 Macroeconomic Research Office (AMRO)

Panelists: Director of Global Economy Program, Centre for International Governance Innovation; Professor, Hitotsubashi University

In-Chang Song
Deputy Minister for International Economic Affairs, Ministry of Strategy and Finance, Korea
Joon-Kyung Kim
President, Korea Development Institute (KDI)
Richard N. Cooper
Maurits C. Boas Professor of International Economics, Harvard University

Justin Yifu Lin
Professor and Honorary Dean, National School of Development, Peking University
Hyun Song Shin
Economic Adviser and Head of Research, Bank for International Settlements
David Vines
Professor of Economics, University of Oxford
Thomas Willett
Horton Professor of Economics, Claremont Graduate University
Heenam Choi
Executive Director, World Bank

Wonhyuk Lim
Professor, KDI School of Public Policy and Management
Domenico Lombardi
Director of Global Economy Program, Centre for International Governance Innovation
Eduardo Levy Yeyati
Professor of Economics and Finance, Torcuato Di Tella University
Ugo Panizza
Professor of International Economics, The Graduate Institute, Geneva
Seoungho Jin
Director General, Ministry of Strategy and Finance, Korea
Linda Ward
Principal Adviser, International Policy and Engagement Division, Department of the Treasury, Australia

Marc Uzan
Executive Director, Reinventing Bretton Woods Committee
Klaus Regling
Managing Director, European Stability Mechanism (ESM)
Alexey Cherekaev
Head, Investment Project Group, Eurasian Development Bank (EDB)
Rick Stewart
Assistant Deputy Minister, Department of Finance, Canada

Randall Henning
Professor, School of International Service, American University
Masahiro Kawai
Professor, Graduate School of Public Policy, University of Tokyo
Anthony Tan
Senior Economist, ASEAN+3 Macroeconomic Research Office (AMRO)
Eiji Ogawa
Professor, Hitotsubashi University

JUNE 22 / 2015 09:00 - 18:00 (KST)

Global Financial Stability Conference 2015

TIME
VENUEThe Westin Chosun Seoul, KOREA
HOSTSMOSF, KDI, SSEM

Invitation

It is our great pleasure to invite you to the Global Financial Stability Conference, jointly organized by the Ministry of Strategy and Finance of Republic of Korea and Korea Development Institute, to be held on June 22-23 at the Westin Chosun in Seoul, Korea.

While the Fed is eyeing a first rise in interest rates in nearly 10 years, the ECB and BOJ, conversely, are in full loosening mode, having launched a quantitative easing program. Now is the appropriate time to discuss international policy coordination to ensure that the looming Fed’s rate rise does not trigger financial turmoil such as sudden reversal of capital movement and exchange rate fluctuation amid the growing divergence in monetary policies of advanced countries.

In particular, it is important to preemptively set up a multi-layered global financial safety net encompassing multinational institutions globally and regionally, and individual countries’ own defenses. There is an increasing need for an in-depth research and analysis on new emerging instruments such as Regional Financing Arrangements (RFAs) and Capital Flow Management Measures (CFMs) in addition to traditional safety nets such as FX reserves, currency-swap arrangement and IMF loans. In this context, the upcoming conference will be a meaningful occasion to share research findings and experiences of policy makers and experts from International organizations and academia on RFAs and CFMs.

We expect that this conference to help develop concrete, substantial and workable cooperation measures that strengthen the global financial safety net. We look forward to your interest and participation in the Global Financial Stability Conference.

Heenam Choi
Deputy Minister for International Affairs, Ministry of Strategy and Finance

Joon-Kyung Kim
Korea Development Institute, Republic of Korea

JUNE 22 / 2015 Global Financial Stability Conference 2015

09:00 - 09:20 Welcoming Ceremony

Opening Remarks: Deputy Minister for International Affairs, Ministry of Strategy and Finance, Korea

Welcoming Remarks: President, Korea Development Institute

Congratulatory Remarks: Managing Editor, Emerging Markets Finance and Trade, and Professor, Southern Illinois University

09:20 - 10:40 Session 1. KDI-EMFT 1

Chair: Managing Editor, Emerging Markets Finance and Trade, and Professor, Southern Illinois University

Speaker 1: International Asset Allocations and Capital Flows: The Benchmark Effect; Lead Economist, World Bank

Speaker 2: International Reserves and Gross Capital Flows Dynamics; Senior Researcher, European Stability Mechanism

Speaker 3: Capital Flows during Quantitative Easing and Aftermath: Experiences of Asian Countries; Principal Economist, Asian Development Bank

Discussants: Head of Advanced Economies Division, Bank of Canada; Researcher, Institute of Development Policy and Management, University of Antwerp; Fellow, Department of Macroeconomic Policy, Korea Development Institute

10:40 - 11:00 Break

11:00 - 12:20 Session 2. KDI-EMFT 2

Chair: Lead Economist, World Bank

Speaker 1: Countercyclical Bank Captital Requirement and Optimized Monetary Policy Rules; Senior Economist, Independent Evaluation Office of the International Monetary Fund

Speaker 2: Interconnectedness of the banking sector as a vulnerability to crises; Professor, Hanken School of Economics

Speaker 3: Central Bank Currency Swaps and the International Monetary System; Deputy-Director, CEPII : the French Centre d‘Etudes Prospectives et d‘Informations Internationales

Discussants: Professor, Hanken School of Economics; Senior Lecturer, University of London Senior Research Fellow, German Development Institute; Principal Economist, Asian Development Bank

12:20 - 14:30 Lunch: Luncheon Lecture

Luncheon Lecture: Challenges and Prospects for Strengthening the Global Financial Safety Nets; Visiting Professor, University of Pennsylvania

14:30 - 15:50 Session 3. KDI-EMFT 3

Chair: Senior Economist, Independent Evaluation Office of the International Monetary Fund

Speaker 1: Towards the Development of a Global Financial Safety Net or a Segmentation of the Global Financial Architecture?; Senior Lecturer, University of London Senior Research Fellow, German Development Institute

Speaker 2: Optimal International Reserves in the Presence of a Global Financial Safety Net: A Theoretical Model for Low-Income Countries; Researcher, Institute of Development Policy and Management, University of Antwerp

Speaker 3: The Role of the IMF in the Post-Crisis World; Head of Advanced Economies Division, Bank of Canada

Discussants: Deputy-Director, CEPII : the French Centre d‘Etudes Prospectives et d‘Informations Internationales; Associate Fellow, Department of Macroeconomic Policy, Korea Development Institute; Senior Researcher, European Stability Mechanism

15:50 - 16:10 Break

16:10 - 18:00 Session 4. Regional Financial Arrangements

Chair: Regional Financial Arrangements: A Survey of the Literature and Recent Development; Professor, Korea Development Institute School of Public Policy and Management

Speaker 1: RFAs role in the Global Financial Architecture: The case of the Latin American Reserve Fund; Director of Economic Studies, FLAR : Fondo Latinoamericano de Reservas

Speaker 2: European Financial Stability Facility & European Stability Mechanism; Acting Head of Economics and Market Analysis, European Stability Mechanism

Speaker 3: Director, Investment Project Group Anti-Crisis Fund, Eurasian Development Bank

Speaker 4: Senior Legal Advisor, AMRO: Asean+3 Macroeconomic Research Office

Panelists: Regional financial Arrangements and the Global Financial Safety Net; Deputy Chief, Emerging Markets Division, International Monetary Fund; Professor, Korea Development Institute School of Public Policy and Management; Monetary Policy Committee, Bank of Korea; Professor, American University

Heenam Choi
Deputy Minister for International Affairs, Ministry of Strategy and Finance, Korea
Joon-Kyung Kim
President, Korea Development Institute
Ali M. Kutan
Managing Editor, Emerging Markets Finance and Trade, and Professor, Southern Illinois University

Sergio L. Schmukler
Lead Economist, World Bank
Aitor Erce
Senior Researcher, European Stability Mechanism
Donghyun Park
Principal Economist, Asian Development Bank
Robert Lavigne
Head of Advanced Economies Division, Bank of Canada
Dennis Essers
Researcher, Institute of Development Policy and Management, University of Antwerp
Daehee Jeong
Fellow, Department of Macroeconomic Policy, Korea Development Institute

Carlos de Resende
Senior Economist, Independent Evaluation Office of the International Monetary Fund
Peter Sarlin
Professor, Hanken School of Economics
Christophe Destais
Deputy-Director, CEPII : the French Centre d‘Etudes Prospectives et d‘Informations Internationales

Choongsoo Kim
Visiting Professor, University of Pennsylvania

Ulrich Volz
Senior Lecturer, University of London
Senior Research Fellow, German Development Institute
Kyu-Chul Jung
Associate Fellow, Department of Macroeconomic Policy, Korea Development Institute

Wook Sohn
Professor, Korea Development Institute School of Public Policy and Management
Carlos Montoro
Director of Economic Studies, FLAR : Fondo Latinoamericano de Reservas
Juan Rojas
Acting Head of Economics and Market Analysis, European Stability Mechanism
Alexey Cherekaev
Director, Investment Project Group Anti-Crisis Fund, Eurasian Development Bank
Beomhee Han
Senior Legal Advisor, AMRO: Asean+3 Macroeconomic Research Office
Nathan Porter
Deputy Chief, Emerging Markets Division, International Monetary Fund
Randall Henning
Professor, American University
Kyung-Wook Hur
Professor, Korea Development Institute School of Public Policy and Management
Woosik Moon
Monetary Policy Committee, Bank of Korea

DECEMBER 18 / 2013 09:00 - 22:00 (KST)

G20 Seoul Conference

TIME
VENUEThe Shilla Seoul, Republic of Korea
HOSTSMinistry of Strategy and Finance of Korea, Australian Treasury

Greetings

The Ministry of Strategy and Finance of Korea and the Australian Treasury are pleased to invite you to the G20 Seoul Conference which will take place in Seoul, Korea, on 18-19 December 2013, just after the G20 Finance and Central Ban Deputies’ Meeting in Canberra on 15-16 December.

The Conference will provide a valuable occasion to recall G20’s achievements and discuss its prospects and visions, to examine how to improve G20 discussions around recent monetary policies of advanced economies, their impact on emerging markets and the range of possible policy responses. It will also provide the opportunity to examine the role of t global safety net, including Regional Financial Arrangements (RFAs).

Speakers and discussants will include government officials and central bankers of the G20 and other countries, staff of international organizations and researchers with extensive knowledge and experiences on this area.

Following the 2008 global financial crisis, decisive actions of central banks across advanced economies significantly red tail risks and supported the global recovery. However, they also had significant spillover effects. We have recently seen a increase in the volatility of capital flows due to expectations of eventual monetary policy recalibration in advanced economies. At this juncture, the Conference would be a timely endeavor to analyze the evidence base for measuring an monitoring this major challenge in the global economy and explore possible policy responses.

It is also appropriate to have a pragmatic and detailed discussion on the global safety net, including the role of RFAs, an how well safety nets have operated. Further, as you might recall, at the last G20 Summit in St Petersburg our leaders as Finance Ministers and Central Bank Governors to follow the developments and progress in the IMF-RFA cooperation, as as the dialogue among RFAs. The Conference will be part of an effort to fulfill these commitments. In particular, it will ex ways to enable the sharing of RFA experiences and practices and to facilitate cooperation with the IMF.

We hope that sharing knowledge and experiences during the Conference will result in a more constructive discussion on G20 issues. We look forward to seeing you in Seoul.

Thank you

Oh-Seok Hyen
Deputy Prime Minister and Minister of Strategy and Finance, Republic of Korea

DECEMBER 18 / 2013 G20 Seoul Conference

09:00 - 09:20 Opening Remarks

Opening Remarks: Deputy Prime Minister and Minister of Strategy and Finance, Korea; President, Korea Development Institute; President, Korea Institute of Finance

09:20 - 10:50 Session 1. G20‘s Achievements and Prospects

Chair: Ambassador for International Cooperation and G20 Sherpa, Korea

Speaker 1: PRIORITIES FOR AUSTRALIA’S G20 PRESIDENCY AND THE GLOBAL FINANCIAL SAFETY NET; Executive Director, Macroeconomic Group, Australian Treasury

Speaker 2: Road to Action-Oriented G20; Deputy Minister for International Economic Affairs, Korea

Speaker 3: Five Years on from Its Rise - The G20: Stock-taking and the Future; Undersecretary of Treasury, Turkey

Speaker 4: Associate Deputy Minister of Finance, Canada

10:50 - 11:05 Break

11:05 - 12:50 Session 2. Global Economy Outlook and Spillovers

Chair: Deputy Governor, Bank of Korea

Speaker 1: How Indonesia Deals with Global Economic Spillover: Policy Responses, Challenges, and Outlook; Vice Minister of Finance, Indonesia

Speaker 2: World Economic Outlook and Policy Spillovers; Deputy Director, Strategy, Policy, and Review Department, IMF

Speaker 3: Global liquidity beyond capital flows; Senior Adviser, Monetary and Economic Department, BIS

Speaker 4: Emerging Markets Capital Flows; Global Head of Fixed-income Research, JP Morgan

13:00 - 14:00 Lunch

14:10 - 15:55 Session 3. Policy Responses to Spillovers

Chair: Executive Director, Reinventing Bretton Woods Committee

Speaker 1: International coordination in addressing spillovers; Secretary, Department of Economic Affairs, Ministry of Finance,I ndia

Speaker 2: Associate Deputy Minister of Finance, Canada

Speaker 3: Managing Monetary Policy Spillovers; Chief Economist, Asian Development Bank

Speaker 4: Heading for the exit: will policy coordination help managing the ‘new normal’?; Director of International Economics Research, Chatham House

15:55 - 16:15 Break

16:15 - 18:00 Session 4. The Role of Global Financial Safety Net

Chair: General Manager, G20 Policy Division, Australian Treasury

Speaker 1: The Global Safety Net The European Experience; Head of Strategy and Institutional Relations,European Stability Mechanism

Speaker 2: Strengthening the Global Financial Safety Net for Emerging Markets: What Next?; Director, G-24 Secretariat

Speaker 3: The Size and Composition of the Global Safety Net; Professor of Economics, University of Oxford

Speaker 4: Global Financial Safety Net: Fragmentation or Coherence?; Professor, American University

Speaker 5: THE ROLE OF GLOBAL FINANCIAL SAFETY NET; Director, Center for International Governance Innovation

Oh-Seok Hyun
Deputy Prime Minister and Minister of Strategy and Finance, Korea
Joon-Kyung Kim
President, Korea Development Institute
Chang-Hyun Yun
President, Korea Institute of Finance

Il Houng Lee
Ambassador for International Cooperation and G20 Sherpa, Korea
Barry Sterland
Executive Director, Macroeconomic Group, Australian Treasury
Sung-Soo Eun
Deputy Minister for International Economic Affairs, Korea
Ibrahim Canakci
Undersecretary of Treasury, Turkey
Jean Boivin
Associate Deputy Minister of Finance, Canada

Young Kyung Suh
Deputy Governor, Bank of Korea
Bambang Brodjonegoro
Vice Minister of Finance, Indonesia
Tamim Bayoumi
Deputy Director, Strategy, Policy, and Review Department, IMF
Robert McCauley
Senior Adviser, Monetary and Economic Department, BIS
Joyce Chang
Global Head of Fixed-income Research, JP Morgan

Marc Uzan
Executive Director, Reinventing Bretton Woods Committee
Arvind Mayaram
Secretary, Department of Economic Affairs, Ministry of Finance,I ndia
Changyong Rhee
Chief Economist, Asian Development Bank
Paola Subacchi
Director of International Economics Research, Chatham House

HK Holdaway
General Manager, G20 Policy Division, Australian Treasury
Nicola Giammarioli
Head of Strategy and Institutional Relations,European Stability Mechanism
Amar Bhattacharya
Director, G-24 Secretariat
David Vines
Professor of Economics, University of Oxford
Randall Henning
Professor, American University
Domenico Lombardi
Director, Center for International Governance Innovation

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