Crisis Developments and Long-Term Global Responses- Insights from Asia and Europe

AEEF Conference, Kiel, 7-8 July 2009

The Asia Europe Economic Forum of 2009 was hosted by the Kiel Institute and jointly organised by its members. The discussions focused on the crisis developments and policy choices in Asia and Europe, the future of global monetary arrangements and the prospects for global regulatory reforms.

The aim was to develop credible strategies to sustain a more stable economy. The situation of Asia and Europe in the crisis and key policy actions to be undertaken was discussed. Questions over new monetary arrangements, such as the possibility to introduce the SDR as an alternative reserve currency were debated with a view to clarifying the conceptual framework of such a revolution in the monetary system. Finally, insights for global regulatory reforms were presented.

Contributions

Impact of the Global Financial Crisis on Asia and Asia‘s Responses Publication by Masahiro Kawai, Asia Development Bank Institute

Towards a revival of the international monetary discussion? Presentation by Agnès Bénassy-Quéré and Jean Pisani-Ferry

Reform of the Global Regulatory System: Perspectives of East Asia‘s Emerging Economies Presentation by Yung Chul Park

The Global Financial Regulatory Agenda: A Work in Progress Presentation by Nicolas Véron

Policy challenges ahead in the EU and Asia Presentation by Moreno Bertoldi

The impact of the global financial crisis on Europe and Europe's Responses Presentation by Dennis J. Snower

China‘s Policy Responses to Global Economic Crisis and its Perspective on the Reform of International monetary system Publication by Yu Yongding