Infrastructure and Financial Markets Division
Inter-American Development Bank
and
Japan Center for International Finance

"Financial Crises: Japan's Experience and Implications
for Latin America and the Caribbean"

June 11-12, 2001

Monday, June 11, 2001

Welcome and Opening Remarks


Enrique Iglesias, President, Inter-American Development Bank

Toru Kodaki, Executive Director, Inter-American Development Bank

Session 1: Global Surroundings. Japan's Banking Crisis. Implications for the World and LAC^*

Speaker:

Makoto Utsumi, President of Japan Center for International Finance, Former Vice-Minister of Finance for International Affairs, Japan

Session 2: Structural Problems and Causes

Speakers:

Satsuki Katayama, Director, Policy Evaluation Office, Ministry of Finance, Japan

Jacques Trigo Loubiere, Former Superintendent of Banks and Financial Institutions, Bolivia
(presentation - PowerPoint)

Discussants:

Barry Hager, Hager Associate

Edgardo Demaestri, Senior Economist, Infrastructure and Financial Markets Division, IDB
(presentation - PowerPoint)

Moderator:

William Ryback, Senior Associate Director, Board of

Working Lunch: Sponsored by the Japan Bank for International Cooperation (JBIC)

Speaker:

Agustín Carstens, Undersecretary of Finance, Mexico

Host:

Toru Tokuhisa, Chief Representative, JBIC Washington, D.C.

Session 3: Policy Actions

Speakers:

Yoshio Okubo, Deputy Commissioner for International Affairs, Financial Services Agency, Japan
(presentation - PowerPoint)

Ruth de Krivoy, Former President of the Central Bank, Venezuela

Discussants:

Tereza Grossi Togni, Director of Banking Supervision, Central Bank of Brazil

Charles Collyns, Senior Advisor, Asia and Pacific Department, IMF

Audrey Anderson, Deputy Governor, Bank of Jamaica

Moderator:

Eduardo Lora, Principal Economist, IDB

Session 4: Market Discipline and the Functioning of Financial Markets

Speakers:

Mitsuhiro Fukao, Professor, Faculty of Business and Commerce, Keio University, Japan

Roque Fernández, Former Minister of Economy and President of the Central Bank, Argentina

Discussants:

Sergio Schmukler, Senior Financial Economist, Development Research Group, IBRD
(presentation - PowerPoint)

Cliff Griep, Executive Managing Director and Chief Credit Officer, Standard & Poor's

Moderator:

Pietro Masci, Chief, Infrastructure and Financial Markets Division, IDB
(presentation - PowerPoint)

Tuesday, June 12, 2001

Session 5: Preemptive Strategies. Assessment and Management of Financial Risks

Speakers:

Theodore Barnhill, Professor, The George Washington University
(presentation - PowerPoint)

Elizabeth Roberts, Director, Financial Stability Institute, BIS (presentation - PowerPoint)

Jean Pierre Sabourin, President, Canada Deposit Insurance Corporation, and Chairman, Financial Stability Forum Working Group on Deposit Insurance

Discussants:

Stefan Ingves, Director, Monetary and Exchange Affairs Department, IMF

José Antonio Meade, General Director of Banking and Savings, Ministry of Finance, Mexico

Moderator:

Motoo Kusakabe, Vice-President for Resource Mobilization and Co-Financing, IBRD

Concluding Panel Discussion: Lessons for Latin America and the Caribbean

Panelists:

Eduardo Lizano, President of the Central Bank, Costa Rica

Roberto Zahler, Former President of the Central Bank, Chile

Claudio Loser, Director, Western Hemisphere Department, IMF

Shigeki Kimura, Deputy Manager, Finance Department, IDB

Moderator:

K. Burke Dillon, Executive Vice-President, IDB

Working Lunch: Strategies to Avoid Future Crises
Sponsored by Japan Center for International Finance (JCIF)

Speaker:

Adam Posen, Senior Fellow, Institute for International Economics
(presentation - Adobe Acrobat - Rich Text Format RTF)