IMF-UTokyo CARF Policy Conference on Managing Financial Risks in a Shock Prone World Lessons from the past and challenges ahead

Time

Program

8:30 -9:00 am

Opening of the venue

9:00 -9:10 am

Opening Remarks

Kenji Okamura, Deputy Managing Director, IMF

9:10 -9:30 am

Keynote Speech

Raghuram Rajan*, Professor, University of Chicago

Speaking notes

9:30 -10:40 am

Session I: Globalization Unwound?

[Moderator]

Kenichi Ueda, Professor and CARF Director, The University of Tokyo

[Panelists]

Raghuram Rajan*, Professor, University of Chicago

Beatrice Weder di Mauro, CEPR President

Asako Aoyama, Senior Vice President, NEC Corporation

Piti Disyatat *, Assistant Governor, Bank of Thailand

[Issues for discussion]
Globalization, which has supported global economic expansion for three decades since the end of the Cold War, is now being unwound. Financial crises including the Global Financial Crisis and Covid-19 related market turmoil as well as geopolitical conflicts have been forcing policymakers and businesspersons to brace for greater uncertainty. This session will discuss the future of globalization and implications for international trade and finance.

10:40 -11:00 am

Coffee Break

11:00 -12:10 pm

Session II: Lessons from the crisis response to Covid 19

[Moderator]

Ryozo Himino, Visiting Professor, Graduate School of Public Policy, The University of Tokyo

[Panelists]

Andrew Metrick*, Professor, Yale University.

Hiroshi Nakaso*, Eminent Guest Professor, The University of Tokyo

Stijn Claessens*, Deputy Head of Monetary and Economic Department, BIS

Paolo Mauro, Deputy Director, Fiscal Affairs Department, IMF

[Issues for discussion]
The Covid-19 pandemic required unprecedented policy interventions to safeguard people’s lives and livelihoods, the survival of many businesses and the functioning of financial systems. Fiscal and monetary support was swift and very large across most countries. Many regulatory relief measures were also adopted. This session will explore lessons from the pandemic policy responses and implications for future crisis management.