23rd Annual Monetary Conference: Monetary Institutions and Economic Development

Cosponsored with The Economist

Date and Time
November 3, 2005 9 AM - 6 PM EST
Auditorium/1st floor/Wintergarden

Thursday, November 3, 2005
8:00 a.m.– 5:00 p.m.

Poverty reduction requires adopting the right institutions—including monetary institutions. Emerging market economies that peg their currencies and thwart market adjustments risk overheating and might engender protectionism on the part of their trading partners. This year’s monetary conference will address the following issues:

  • What kinds of monetary institutions should emerging market economiesadopt for sustainable development?
  • Is China’s new exchange rate regime conducive to future development?
  • What have we learned from the failure of debt-based development?
  • What is the link between financial market liberalization and economic development?
  • How will global imbalances and financial crises be resolved in the post-Greenspan era?

Please join our distinguished speakers on November 3 at the Cato Institute to discussthe role of monetary institutions in promoting development. We will address the challenges facing policymakers as they confront an evolving global economy that shows signs of growing imbalances and protectionism.

Registration for this event has been closed.

Conference Schedule

8:00 - 9:00 a.m. Registration — F. A. Hayek Auditorium Foyer
9:00 - 9:10 a.m. Welcoming Remarks
F. A. Hayek Auditorium

James A. Dorn
Vice President for Academic Affairs,
Cato Institute

9:10 - 9:45 a.m. Keynote Address
Media Name: ipod.jpg
Download Podcast of Welcome and Keynote Address

Rodrigo Rato
Managing Director,
International Monetary Fund
Transcript of Director Rato's Address [PDF]

9:45 - 11:00 a.m. Panel 1: Monetary Credibility and Sustainable Development

Download Podcast of Panel 1

Moderator: Zanny Minton Beddoes
Washington Economics Editor,
The Economist

Roger W. Ferguson Jr.
Vice Chairman,
Federal Reserve Board

Jonathan Anderson
Chief Economist for Asia,

Mickey Levy
Chief Economist,
Bank of America

Morris Goldstein
Dennis Weatherstone Senior Fellow,
Institute for International Economics

11:00 - 11:15 a.m. Break
11:15 a.m. - 12:30 p.m. Panel 2: Financial Market Liberalization and Economic Development

Download Podcast of Panel 2

Moderator: Ian Vásquez
Cato Institute Project on Global Economic Liberty

Raghuram G. Rajan
Director of Research,
International Monetary Fund

Deepak Lal
James S. Coleman Professor of International Development Studies,
University of California, Los Angeles

Yasheng Huang
Associate Professor of International Management,
MIT Sloan School of Management

Reuven Brenner
REPAP Chair in Economics,
McGill University

12:30 - 1:15 p.m. Luncheon — Wintergarden
1:15 - 2:00 p.m. Luncheon Address — F. A. Hayek Auditorium
"The Case Against a Dollar Policy"

Samuel Brittan
Economics Columnist,
Financial Times

[Samuel Brittan was unable to deliver his scheduled speech (PDF) on dollar policy.]

2:00 - 3:30 p.m. Panel 3: Emerging Markets, Debt, and the Dollar

Download Podcast of Panel 3

Moderator: William A. Niskanen
Cato Institute

Kenneth Rogoff
Thomas D. Cabot Professor of Public Policy and Professor of Economics,
Harvard University

John H. Makin
Caxton Associates, LLC, and
Senior Fellow,
American Enterprise Institute

Nouriel Roubini
Associate Professor of Economics and International Business,
New York University

Eugenio Andrea Bruno
Nicholson and Cano,
Buenos Aires

3:30 - 4:30 p.m. Reception — Wintergarden


Registration for this event has been closed.