International Workshop on

 Currency Boards: Convertibility, Liquidity

Management and Exit

 

Organized by

Department of Economics

Hong Kong Baptist University

 

Saturday, 9 October 1999

Hong Kong

 

Programme

 

9:00 -9:30                Registration

 

Morning Session

 

9:30-9:40                Prof. Shu-hung Tang, Head, Department of Economics, Hong Kong Baptist University; and Chairman, Organizing Committee

Opening Remarks

 

9:40-10:25              Mr. Guy Meredith, Executive Director (Research), Hong Kong Monetary Authority; and Director, Hong Kong Institute for Monetary Research

Liquidity Management under Hong Kong's Currency Board Arrangements

 

10:25-10:45             Tea Break

 

10:45-11:25             Mr. Tam Ping Shing, General Manager, Dao Heng Bank

The Hong Kong Currency Board: Will the Technical Arrangements be Effective?

 

11:25-12:10             Dr. Kurt Schuler, Senior Economist, Joint Economic Committee of the US Congress

The Importance of Being Orthodox

 

12:10- 2:00              Lunch

 

 

Afternoon Session

 

2:00-2:45                 Mr. Ilmar Lepik, Head of Monetary Policy Subdivision, Central Bank Policy Department, Bank of Estonia

 Basic Features of the Estonian Currency Board: Convertibility and Liquidity Management

 

2:45-3:30                 Dr. Nikolay Nenovsky, Research Department, Bulgarian National Bank and Department of Finance, University of National and World Economy, Sofia, Bulgaria; and

Dr. Kalin Hristov, Research Department, Bulgarian National Bank and Department of Economics, University of National and World Economy, Sofia, Bulgaria

Monetary Policy under the Currency Board: the Case of Bulgaria

 

3:30-3:45                 Tea break

 

3:45- 4:30                Mr. Steven Xu, Regional Treasury Economist, Standard Chartered Bank

Discount Window Discounted?

 

4:30-5:15                 Mr. Andrew Fung, Treasurer, Commonwealth Bank of Australia

Liability and Market Risk Management by a Bank Treasurer in A Modern Day Currency Board System

 

5:15-5:25                 Closing Remarks