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Skip to Content Japanese English Chinese About RIETI Site Map Help Contact Discussion Papers Search Site Search Menu Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows According to Title Alphabetical order RIETI Alumni Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) Research Areas Fellows Research/Policy Papers Publications Events Data Articles Site Map Technical Issues Coontact Discussion Papers Search Close HomeEventsSymposiums RIETI Policy Symposium Resolving New Global and Regional Imbalances in an Era of Asian Integration (Handouts) Print Program Event Report Handouts Information Date: 17 - 18 June, 2004. Venue: Keidanren Kaikan (Keidanren Hall) Language: Japanese / English (with simultaneous interpretation) Day 1: 17 June / Handouts Session 1: Determinants of the sustainability of the U.S. external deficit and the right policy mixes for adjustments Session Chair YOSHITOMI Masaru (RIETI President and Chief Research Officer) Paper Presentation "How much depreciation of the US dollar for sustainability of the current accounts?" OGAWA Eiji (Professor, Graduate School of Commerce and Management, Hitotsubashi University)Presentation [PDF:296KB] / Paper [PDF:520KB] "Channels for Narrowing the US Current Account Deficit and Implications for Other Economies" Anne-Marie L. BROOK (Economist, Money and Finance Division, Economics Department, Organisation for Economic Co-operation and Development)Presentation [PDF:208KB] / Paper [PDF:168KB] Discussant TOJO Yoshiaki (Special Assistant to the Vice Minister for International Affairs and Director, International Economic Affairs Division, Trade Policy Bureau, Ministry of Economy, Trade and Industry) Session 2: The triangular trade pattern and its implications for global and regional imbalances Session Chair TANIKAWA Hiroya (RIETI Senior Fellow) Paper Presentation Françoise LEMOINE (Senior Economist, Centre d'etudes prospectives et d'information internationales)Presentation [PDF:192KB] / Paper [PDF:396KB] Discussants FUKAO Kyoji (RIETI Faculty Fellow / Professor, Institute of Economic Research, Hitotsubashi University) Presentation [PDF:208KB] Peter GARBER (Global Risk Strategist, Global Market Research, Deutsche Bank Securities) Day 2: 18 June / Handouts Session 3: Competition and collaboration among economic agglomerations and fragmentation of corporate functions - What lies beneath the increasing economic integration in Asia Session Chair KURAMOCHI Haruhiko (RIETI Vice President) Paper Presentation "The Economic Analysis of International Production/Distribution Networks in East Asia and Latin America: The Implication of Regional Trade Arrangements" KIMURA Fukunari (Professor, Faculty of Economics, Keio University)Presentation [PDF:488KB] / Paper [PDF:484KB] "Changes in East Asian Regional Economic Structure during the Dynamic Process of Economic Integration - from the point of view of New Geographical Economics"HISATAKE Masato (RIETI Senior Fellow) Presentation [PDF:1.0MB] / Paper [PDF:688KB] Discussants HATTA Tatsuo (RIETI Faculty Fellow and Research Counselor / Professor, Division of International Studies, International Christian University) FUJITA Masahisa (Professor, Institute of Economic Research, Kyoto University / President, Institute of Developing Economies, JETRO) Session 4: Designing appropriate adjustment policies in Asia - Searching for the right policy mix of currency adjustments, monetary and fiscal policies, and structural reforms Session Chair YOSHITOMI Masaru (RIETI President and Chief Research Officer) Paper Presentation -Global and Regional Issues "A Map to the Revived Bretton Woods End Game" Peter GARBER (Global Risk Strategist, Global Market Research, Deutsche Bank Securities)Presentation [PDF:272KB] / Paper [PDF:104KB] "Adjusting Global Imbalances" OTANI Ichiro (Economic Policy Consultant / former Head, IMF Resident Representative Office in China)Presentation [PDF:196KB] / Paper [PDF:224KB] -Country Issues "China's Role in the Current Global Economic Adjustment Process" Li-Gang LIU (Assistant Professor of Public Policy and Finance, School of Public Policy, George Mason University)Presentation [PDF:304KB] / Paper [PDF:200KB] "Rationalizing Emerging Asia's Foreign Reserves Build-up" Piti DISYATAT (Senior Economist, Monetary Policy Group, Bank of Thailand)Presentation [PDF:188KB] / Paper [PDF:200KB] Discussants YU Yongda (Professor, School of Public Policy and Management and Development Research Center for 21st Century, Director of Institute of Economic Cooperation, Tsinghua University) KURODA Haruhiko (Professor, Hitotsubashi University / ex-Vice Minister of MOF of Japan) Session 5: Optimal exchange rate regime for Asia Session Chair OTANI Ichiro (Economic Policy Consultant / former Head, IMF Resident Representative Office in China) Paper Presentation "On Monetary Cooperation in East Asia" TANAKA Soko (Professor of International Finance, Faculty of Economics, Chuo University)Presentation [PDF:776KB] / Paper [PDF:316KB] "Exchange-Rate Regimes and Capital Flows in East Asia" Albert KEIDEL, III (Deputy Director, Office of East Asian Nations, U.S. Department of the Treasury)Presentation [PDF:76KB] / Paper [PDF:148KB] Discussants Yunjong WANG (Vice President, SK Research Institute for SUPEX Management) YU Yongda (Professor, School of Public Policy and Management and Development Research Center for 21st Century, Director of Institute of Economic Cooperation, Tsinghua University) Session 6: Panel discussion - Searching for optimal adjustment policies in both the U.S. and Asia Moderator / Panelist YOSHITOMI Masaru (RIETI President and Chief Research Officer) Panelists ITO Takatoshi (Professor, The Graduate School of Economics and Research Center for Advanced Science and Technology, The University of Tokyo) Li-Gang LIU (Assistant Professor of Public Policy and Finance, School of Public Policy, George Mason University) Peter GARBER (Global Risk Strategist, Global Market Research, Deutsche Bank Securities) SANO Tadakatsu (Vice-Minister for International Affair, Ministry of Economy, Trade and Industry) Events Symposiums Workshops BBL Seminars Archived Seminar Series Communications Newsletter RSS Feed Facebook X YouTube Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) About RIETI Privacy Policy Site Policy Site Map Help Contact METI Web Site Research Institute of Economy, Trade and Industry, IAA (JCN 6010005005426)JCN: Japan Corporate Number Opinions expressed or implied on this website are solely those of the author, and do not necessarily represent the views of the Research Institute of Economy, Trade and Industry (RIETI).Titles, numbers, specific names, etc. on this website are as of the date of publication. 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