• Federal Reserve Bank of San Francisco
• Center for Pacific Basin Studies

ABSTRACT:

The increasing global integration of countries in the Pacific Basin area has been accompanied by growing external imbalances both within the region and with trading partners outside the region. These imbalances have created pressures for adjustment in monetary, fiscal, and commercial policy. This one-and-a-half day conference will bring together researchers and policy makers to examine the impact of intra- and inter-regional trade and financial links on economic activity and financial markets within the region and with the United States and Europe. Specific topics of interest include the changing pattern of trade and investment flows within the region; the role of foreign exchange reserve holdings by Pacific Basin nations; the special role of China in the current pattern of Asian development; the deepening of regional financial markets; and policy issues associated with external adjustment, including exchange rate, monetary policy, and institutional policy responses.