News Release

October 1, 2004

Media Contact: (202) 789-5200

Fed Board member and Bush adviser to address Cato monetary conference
Event to focus on globalization and increasing the flow of private capital in emerging markets

WASHINGTON -- Ben S. Bernanke, member of the Federal Reserve Board of Governors, and Kristin J. Forbes, member of the president's Council of Economic Advisers, are part of a long list of distinguished guests scheduled to participate in the Cato Institute's 22nd annual monetary conference, "International Monetary Reform and Capital Freedom," held October 14 at the Cato Institute.

Bernanke will begin the conference at 9:00 a.m. with his keynote address on "Monetary Policy in a World of Mobile Capital"; Forbes will focus on the adverse effects capital controls have on market efficiency in her luncheon address; and Leszek Balcerowicz, president of the National Bank of Poland will close the conference with a speech on the "Transition to the Euro."

Other speakers include Raghuram Rajan of the Internation Monetary Fund; Allan Meltzer, former chairman of the International Financial Institution Advisory Commission for the U.S. Congress; Kenneth Rogoff of Harvard University; Nicholas Lardy of the Institute for International Economics; Anna J. Schwartz of the National Bureau of Economic Research; David Malpass of Bear Stearns; Steve Hanke of The Johns Hopkins University; and former Assistant Secretary of the Treasury Richard Clarida.

The conference, cosponsored with The Economist, features four panels:

• Institutional Reform and Sovereign Debt Crises: What Next?



• Exchange Rate Regimes and Capital Freedom in Emerging Markets



• Dealing with "Exchange Rate Protectionism"



• Financial Integration and Dollarization

The event is free to working members of the media. Pre-registration is encouraged and can be completed online here or by emailing monetary@cato.org. Please direct all non-registration questions to the Cato media relations department at 202-789-5200 or media@cato.org.