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Thu, Nov 17, 2022

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

The covid 19 pandemic, geopolitical conflicts, and high inflation are testing the resilience of the global economy and financial systems. We must prepare for these new challenges to secure financial stability. The IMF, together with The University of Tokyo’s Center for Advanced Research in Finance (CARF), hosts the policy conference “Managing Financial Risks in a Shock Prone World” in hybrid format to bring together veteran and current policymakers and researchers from around the world to offer their insights on how to best manage financial risks and avoid financial crises.


November 17 , 2022


In-person:Ito Hall of UTokyo, Tokyo, Japan
Virtual: Zoom (Link will be sent to registered participants)


International Monetary Fund
Center for Advanced Research in Finance, The University of Tokyo


Institute for Future Initiatives, The University of Tokyo
Graduate School of Public Policy, The University of Tokyo


Thursday, November 17 (Public Conference, Hybrid, Simultaneous Interpretation: English-Japanese)



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?


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


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


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


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.

*Online participation

Speakers and Panelists

IMF Website

How to join

Registration is required for full participation. Please fill out the online registration forms below by Wednesday, November 9. First come, first served, as space is limited.

  • For in-person participation, click here
  • For virtual participation, click here