[Session 3] Potential Roles for Policy

This session seeks preemptive and proactive roles for monetary and macro-prudential policies. Designing policy responses in a new scope may involve managing capital flows in the face of divergent monetary policies in major countries, dealing with debt overhangs in the wake of global interest rate normalization, and adopting different policy prescriptions to different types of debt. Policymakers may want to check if they have sufficient policy space and access to other sources of resort.

Moderator     Kalpana Kochhar

                     Deputy Director, Asia and Pacific Department, IMF

Speakers      Varapat Chensavasdijai

                     Deputy Unit Chief, Strategy, Policy and Review Department, IMF

                     Managing Capital Flows: Some Considerations Based on the Fund’s

                     Institutional View

                      Hoe Jeong Kim

                     Director General, International Financial Cooperation Bureau, MOSF

                     Corporate Foreign Debt and Policy Responses in EMEs

Discussants  Kwanho Shin

                      Professor, Korea University

                      Brahima Coulibaly

                      Chief, Division of International Finance, Federal Reserve Board