CEPII, Recherche et Expertise sur l'economie mondiale
Monday January 21, 2013
2:30pm
European troubles, Asian worries

Deleveraging and global growth
Helmut Hauschild, Sébastien Jean, Masahiro Kawai, He Fan, Yung Chul Park & Jean Pisani-Ferry on 25th April 2013
Paper based on the Asia Europe Economic Forum conference of 21-22 January 2013.


This event is co-organised as part of the Asia-Europe economic forum (AEEF) project by Centre d’Etudes Prospectives et d’Informations Internationales (CEPII), Bruegel, the Bertelsmann Stiftung, Asian Development Bank Institute (ADBI), Chinese Academy of Social Sciences - Institute of World Economics and Politics (CASS-IWEP), Korea Institute of Finance, Korea University, with the financial support of Asia Europe Foundation (ASEF).

Agenda
Monday 21 January -------------------------------------------------------------------------------------


14:30 Word of welcome by Jean Pisani-Ferry, Director, Bruegel

Introductory remarks by Ambassador Zhang YanExecutive Director, ASEF and Aart De Geus, Chair and Chief Executive Officer, Bertelsmann Stiftung

15.00 Opening remarks by Olli Rehn, Vice-President, European Commission

 


15.30 - Session 1 - The euro crisis: is the policy response effective?

Chaired by Masahiro Kawai, Dean, ADBI

Pierre-Olivier Gourinchas, Professor, University of California Berkeley and Sciences Po, Paris
Jens UlbrichHead, Economics Department, Deutsche Bundesbank

Discussants:
Gene Frieda, Senior Strategist, Moore Capital Management
Yung Chul Park, Professor, Korea University

17.15 Coffee break

 

17.30 - Session 2 - Banking union and fiscal union in Europe: outlook and implications for global partners

Chaires by Jean Pisani-FerryDirector, Bruegel

Agnès Bénassy-Quéré, Professor, Paris School of Economics and Executive President, French PM’s Economic Advisory Council
John Berrigan, Director, Financial Stability, Economic and Financial Affairs, European Commission

Discussants:
Jon Cunliffe, Ambassador, UK’s Permanent Representative to the EU
Haizhou Huang, Co-Head, Research Department, CICC
Ignazio Angeloni, Adviser to the Executive Board, ECB and Fellow-at-large, Bruegel

20.00 Dinner 
Keynote speech by Benoît Cœuré, Executive Board Member, ECB


Tuesday 22 January -------------------------------------------------------------------------------------


9.15 - Session 3 - Growth in Asia: temporarily blip, slowdown or abrupt adjustment?

Chaired by Aart De Geus, Chair and Chief Executive Officer, Bertelsmann Stiftung

Jong Wha Lee, G20 Sherpa, Korea
Fan He, Deputy Director, IWEP/CASS
Suman Bery, Chief Economist, Shell

Discussants:
Alicia Garcia-Herrero, Chief Economist Emerging Markets, BBVA
Tao Wang, Head, China Economic Research, UBS

11.00 Coffee break

11.15 - Session 4 - The global deleveraging process: where do we stand?
Chaired by Yung Chul Park, Professor, Korea University

Charles Roxburgh, Director of the McKinsey Global Institute, McKinsey
Mitsuhiro Fukao, Professor, Keio University

Discussants:
Erik Nielsen, Chief economist, UniCredit
David Vines, Professor of Economics, Oxford University
Guntram Wolff, Deputy Director, Bruegel

13.00 Lunch

14.30 - Session 5 - International monetary developments in Asia: consequences for the global monetary regime
Chaired by Christophe Destais, Deputy Director, CEPII

Rintaro Tamaki, Deputy Secretary-General, OECD
Ji Young Choi, Director of Financial cooperation division, Ministry of Strategy and Finance, Korea
Francesco Papadia, Visiting Fellow, Bruegel

Discussants:
Wang Xin, Representative in Frankfurt, People's Bank of China
Shahin Vallée, Economic Advisor in the cabinet of the President of the European Council, European Council

16.15 Coffee break

16.30 - Session 6 - Financial regulation: convergence or divergence?
Chaired by André Sapir, Senior Fellow, Bruegel

Nicolas Véron, Senior Fellow, Bruegel and Visiting Fellow, Peterson Institute
Mario Nava, Acting Director, European Commission DG Market
Tokio Morita, Deputy Commissioner for International Affairs, FSA Japan

Discussants:
Jabonn Kim, Research fellow, Korea Institute of Finance
Michiel BijlsmaFinancial Markets Programme Leader, CPB and Visiting Fellow, Bruegel

18.15 Conclusions