## Cato Institute 25th Annual Monetary Conference

# Monetary Arrangements in the 21st Century

**Wednesday, November 14, 2007 
F.A. Hayek Auditorium 
Cato Institute 
8:00 a.m. – 5:00 p.m.**

## Featured Speakers

| **Ben Bernanke** Chairman, Federal Reserve Board | **Yi Gang** Assistant Governor, People’s Bank of China | **Miranda Xafa** Executive Board, IMF | **Eddie Yue** Deputy Chief Executive, Hong Kong Monetary Authority | **Antonio Martino** Professor of Economics, University of Rome, Luiss, and Member of Italian Parliament |
|:-:|:-:|:-:|:-:|:-:|

Cato’s 25th Annual Monetary Conference will focus on money and freedom—in particular, the risks inherent in a government fiat money regime—and consider monetary and exchange-rate regimes that may emerge in the search for stable money. In addition to the dollar, yen, and euro, special attention will be placed on the future of the renminbi as China becomes the world’s largest economy.

The following issues will be discussed

- Can the Fed make the dollar as good as gold?
- Will the IMF’s new surveillance decision improve “external stability?”
- Is a global currency feasible?
- What is the future of the renminbi as a regional and global currency?
- What monetary and exchange-rate institutions best protect individual freedom?

Please join our distinguished speakers on November 14 at the Cato Institute to discuss the future of the global monetary system and reforms that can better protect the property rights people have in a sound currency. [Register](register.html) by October 12 to ensure your place at this important event and to take advantage of the early registration fee.

**Space is limited.**

**Registration for this event is 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](/people/dorn.html)** Vice President for Academic Affairs, Cato Institute |
| 9:10 – 10:00 a.m. | Keynote Address **Ben S. Bernanke** Chairman, Board of Governors, Federal Reserve System [](https://cdn.cato.org/archive-2007/cca-11-14-07.mp3)[Download a Podcast of the Welcoming Remarks and Keynote Address (MP3)](https://cdn.cato.org/archive-2007/cca-11-14-07.mp3) |
| 10:00 – 11:00 a.m. | Panel 1: The Future of the Renminbi [](https://cdn.cato.org/archive-2007/cca-11-14-07-2.mp3)[Download a Podcast of Panel 1 (MP3)](https://cdn.cato.org/archive-2007/cca-11-14-07-2.mp3) Moderator: **Zanny Minton Beddoes** U.S. Economics Editor, *The Economist* **Eddie Yue** Deputy Chief Executive, Hong Kong Monetary Authority **John Greenwood** Chief Economist, Amvescap **Fred Hu** Managing Director, Goldman Sachs (Asia) |
| 11:15 a.m. – 12:30 p.m. | Panel 2: Monetary Stability, Exchange Rate Regimes, and Capital Controls: What Have We Learned? [](https://cdn.cato.org/archive-2007/cca-11-14-07-3.mp3)[Download a Podcast of Panel 2 (MP3)](https://cdn.cato.org/archive-2007/cca-11-14-07-3.mp3) Moderator: **Mickey D. Levy** Chief Economist, Bank of America **Arnold Harberger** Professor of Economics, UCLA **Miranda Xafa** Executive Board, International Monetary Fund **Marvin Goodfriend** Professor of Economics, Carnegie Mellon University **Surjit S. Bhalla** Managing Director, Oxus Research |
| 12:30 – 1:30 p.m. | Luncheon — *Wintergarden* |
| 1:30 – 2:15 p.m. | Luncheon Address — *F. A. Hayek Auditorium* [](https://cdn.cato.org/archive-2007/cca-11-14-07-4.mp3)[Download a Podcast of the Luncheon Address (MP3)](https://cdn.cato.org/archive-2007/cca-11-14-07-4.mp3) **Yi Gang** Assistant Governor, People’s Bank of China |
| 2:15 – 3:30 p.m. | Panel 3: Remembering Milton Friedman: Money and Freedom [](https://cdn.cato.org/archive-2007/cca-11-14-07-5.mp3)[Download a Podcast of Panel 3 (MP3)](https://cdn.cato.org/archive-2007/cca-11-14-07-5.mp3) Moderator: **[William A. Niskanen](/people/niskanen.html)** Chairman, Cato Institute **Anna J. Schwartz** Research Associate, National Bureau of Economic Research **[George Selgin](/people/selgin.html)** Professor of Economics, University of Georgia **[Steve H. Hanke](/people/hanke.html)** Professor of Applied Economics, Johns Hopkins University **[Richard H. Timberlake](/people/timberlake.html)** Professor of Economics Emeritus, University of Georgia |
| 3:45 – 4:15 p.m. | Closing Address [](https://cdn.cato.org/archive-2007/cca-11-14-07-6.mp3)[Download a Podcast of Closing Remarks (MP3)](https://cdn.cato.org/archive-2007/cca-11-14-07-6.mp3) **Antonio Martino** Professor of Economics, University of Rome, Luiss, and Member of Italian Parliament |
| 4:15 – 5:00 p.m. | Reception — *Wintergarden* |