Friday, May 18
Welcome and Opening Remarks: Kyung Tae Lee and Yusuke Horiguchi
Session 1: Overview of the Korean Crisis and the Crisis-Resolution Strategy
Moderator - Il SaKong
Ajai Chopra, Kenneth Kang, Meral Karasulu, Hong Liang, Henry Ma, and Anthony Richards, “From Crisis to Recovery in Korea: Strategy, Achievements, and Lessons”
Yoon Je Cho, “What Have We Learned from the Korean Economic Adjustment Program?”
Discussants - Barry Eichengreen, Jang-Yung Lee
Session 2: Monetary Policies
Moderator - Stephen Grenville
Chae-Shick Chung and Se-Jik Kim, “New Evidence on High Interest Rate Policy During the Korean Crisis”
Anne O. Krueger and Jungho Yoo, “Falling Profitability, Higher Borrowing Costs, and Chaebol Finances During the Korean Crisis”
Discussants - Myung-Chang Chung, Bijan B. Aghevli
Session 3: Financial and Corporate Reform
Moderator - David T. Coe
William P. Mako, “Corporate Restructuring and Reform: Lessons from Korea”
Gyutaeg Oh and Changyong Rhee, “The Role of Corporate Bond Markets in the Korean Financial Restructuring Process”
Discussants - Simon Johnson, Won-Dong Cho
Session 4: Labor Markets and Corporate Governance
Moderator - Sung Hee Jwa
Dae Il Kim, “The Korean Labor Market: The Crisis and After”
Eric Friedman, Simon Johnson, and Todd Mitton, “Corporate Governance and Corporate Debt in Asian Crisis Countries”
Discussants - Hasung Jang, Zia Qureshi
Reception: Remarks by Deputy Prime Minister and Minister of Finance and Economy, Nyum Jin
Saturday, May 19
Session 5: After the Crisis
Moderator - Kyung Tae Lee
Robert J. Barro, “Economic Growth in East Asia Before and After the Financial Crisis”
Yung Chul Park and Jong-Wha Lee, “Recovery and Sustainability in East Asia”
Discussants - Charles Adams, Yong Jin Kim
Session 6: Implications for Future Crisis Management and the International Financial Architecture
Moderator - Tarrin Nimmanahaeminda
Woochan Kim and Yangho Byeon, “Restructuring Korean Banks’ Short-Term Debts”
Barry Eichengreen, “Strengthening the International Financial Architecture: Open Issues, Asian Concerns”
Michael Dooley, Rudi Dornbusch, and Yung Chul Park, “A Framework for Exchange Rate Policy in Korea”
Discussants - Anne O. Krueger, Jun Il Kim
Session 7: Lessons from the Korean Crisis and Recovery
Moderator - Yusuke Horiguchi
Panelists - Robert J. Barro, Pyung Joo Kim, Yung Chul Park, Hak Kil Pyo, and Eisuke Sakakibara