Wednesday, March 28, 2001

6:00 PM Reception and Dinner

Thursday, March 29, 2001

8:15 AM Continental Breakfast

8:45 AM Official Welcome

THE SPECULATORS

9:00 AM CARMEN REINHART, University of Maryland and NBER

10:15 AM KENNETH FROOT, Harvard University and NBER

(Joint with TARUN RAMADORAI, Harvard University)

The Information Content of International Portfolio Flows

Discussant: JEFFREY SHAFER, Salomon Smith Barney

11:15 AM Break

THE DEFENSE

11:30 AM KENNETH WEST, University of Wisconsin-Madison and NBER

DONGCHUL CHO, Korea Development Institute

Interest Rates and Exchange Rates in the Korean, Philippine and Thai Exchange Rate Crises

Discussant: ROBERT DEKLE, University of Southern California

12:30 PM ALLAN DRAZEN, Tel Aviv University and NBER

Interest Rate Defense Against Speculative Attack as a Signal:

A Primer

Discussant: ROBERT FLOOD, International Monetary Fund

1:30 PM Lunch

2:30 PM BARRY EICHENGREEN and ANDREW ROSE,

UC, Berkeley and NBER

To Defend or Not to Defend? That is the Question

Discussant: PABLO E. GUIDOTTI, Universidad Torcuato di Tella

THE PROGRAM

3:00 PM OLIVIER JEANNE, International Monetary Fund

CHARLES WYPLOSZ, Graduate Institute of International Studies

The International Lender of Last Resort:

How Large is Large Enough

Discussant: OLIVIER BLANCHARD, MIT and NBER

4:00 PM MICHAEL DOOLEY, UC, Santa Cruz and NBER, and SUJATA VERMA, UCSC

The IMF and "Bailing In" the Private Sector

Discussant: ANDREW POWELL, Central Bank of Argentina

5:00 PM Adjourn

7:00 PM Dinner - Sardine Factory Restaurant

Friday, March 30, 2001

8:00 AM Continental Breakfast

8:30 AM STIJN CLAESSENS, The World Bank

(Joint with DAIELA KLINGEBIEL and LUC LAEVEN, World Bank)

Financial Restructuring in Systemic Crises

What Policies to Pursue?

Discussant: PETER KENEN, Princeton University

9:30 AM MARTIN EICHENBAUM and SERGIO REBELO,

Northwestern University and NBER

CRAIG BURNSIDE, The World Bank

On the Fiscal Implications of Twin Crises

Discussant: KENNETH KLETZER, UC, Santa Cruz

10:30 AM Break

11:00 AM MORRIS GOLDSTEIN, Institute for International Economics

An Evaluation of Proposals to Reform the International Finanacial Architecture

Discussant: ANDREW BERG, International Monetary Fund

12:00 PM Adjourn - Field Trips

7:00 PM Dinner - Chart House Restaurant

Saturday, March 31, 2001

THE IMPACT

8:00 AM Continental Breakfast

8:30 AM YUNG CHUL PARK and JONG HWA LEE, Korea University

Recovery and Sustainability in East Asia

Discussant: RICHARD PORTES, London Business School and NBER

9:30 AM MICHAEL HUTCHISON, UC, Santa Cruz

A Cure Worse Than The Disease?

Stabilization Programs

Discussant: GIAN MARIA MILESI-FERRETTI, International Monetary Fund

10:30 AM Break

11:00 AM WILLIAM EASTERLY, The World Bank

IMF and World Bank Structural Adjustment Programs and Poverty

Discussant: TED TRUMAN, Institute for International Economics

12:00 PM JAMES LEVINSOHN, University of Michigan and NBER

Impacts of the Indonesian Economic Crisis:

Price Changes and the Poor

(Joint with STEVEN BERRY and JED FRIEDMAN)

Discussant: LANT PRICHETT, Harvard University

1:00 PM Adjourn

3/19/01