Capital Account Convertibility and
Capital Controls in Emerging Market Countries

PROGRAM

November 6, 1998
Martin Feldstein, Organizer
FRIDAY, NOVEMBER 6:
8:30 AM Continental Breakfast
9:00 AM JAGDISH BHAGWATI, Columbia University
9:15 AM PAUL KRUGMAN, MIT and NBER
What is the Least Bad Exchange Regime?
9:35 AM MICHAEL DOOLEY, Federal Reserve System and NBER
Capital Controls and PrudentialRegulations
10:00 AM Discussion
10:30 AM Break
10:45 AM JEFFREY FRANKEL, Council of Economic Advisers and NBER
Proposals Regarding Restriction on Capital Flows
11:05 AM BARRY EICHENGREEN, UC, Berkeley and NBER
MICHAEL MUSSA, International Monetary Fund and NBER
Another View of the Capital Controls-Prudential Regulation Nexus
11:25 AM Discussion
12:00 N Lunch
1:15 PM FELIPE LARRAIN, Harvard University
Is There a Role for Capital Controls? Lessons from Chile
1:35 PM CARMEN REINHART, University of Maryland
Do Capital Controls Influence the Volume and Composition of Capital Flows?
Evidence from the 1990's
1:55 PM Discussion
4:10 PM Adjourn

11/3/98