Macro Economy

The Future Structure of International Capital Flows

Program Overview

Macro Economy Research Conference
21-22 November 2005
Kyoto Okura Hotel, Kyoto

Program

Opening Remarks:
Junichi Ujiie, Tokyo Club Foundation for Global Studies and Nomura Holdings
ASIA SESSION

Moderator: Mitsuhiro Fukao, Keio University

How Households' Balance Sheets Affect Their Asset Allocation-Implications for Future Private Outflows from Japan
Sachiko Miyamoto, Financial and Economic Research Center, Nomura Securities

Comments:
Tsutomu Watanabe, Institute of Economic Research, Hitotsubashi University

China's Rise, Twin Surplus, and the Change of China's Development Strategy
YU Yongding, Institute of World Economics and Politics, Chinese Academy of Social Sciences

Comments:
Catherine Mann, Institute for International Economics
"Hamlet without the Pri(n)ce or Getting the Relative Price Right"

Anwar Nasution, University of Indonesia

EUROPE SESSION

Moderator: Barry Bosworth, Brookings Institution

Macroeconomic Performance and Global Capital Flows: Is there a Role for Europe to Play?
Paola Subacchi, Chatham House

Comments:
Catherine Mann, Institute for International Economics
"Europe and Global Imbalances: An Incredibly Shrinking Role?"

Anwar Nasution, University of Indonesia

Impact of Changing Production Location on Foreign Direct Investment
Frederique Sachwald, Institute francais des relations internationals (Ifri)

Comments:
Vanessa Rossi, Oxford Economic Forecasting
"Global Capital Flows - FDI Trends"

LAN Weiban, Development Research Center of the State Council

World Growth and International Capital Flows in the 21st Century
Michel Aglietta, University of Paris and CEPII

Comments:
Vanessa Rossi, Oxford Economic Forecasting
World Growth and Capital Flows"

Tsutomu Watanabe, Institute of Economic Research, Hitotsubashi University

US SESSION

Moderator: Mitsuhiro Fukao, Keio University