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text-align:center;line-height:normal'><b style='mso-bidi-font-weight:normal'><u><span style='font-size:18.0pt'>The Global Financial Crisis<o:p></o:p></span></u></b></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal'><b style='mso-bidi-font-weight:normal'><i style='mso-bidi-font-style:normal'><span style='font-size:14.0pt'>Sponsored by the NBER and Sloan Foundation<o:p></o:p></span></i></b></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal'><b style='mso-bidi-font-weight:normal'><span style='font-size:12.0pt'><o:p>&nbsp;</o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal'><b style='mso-bidi-font-weight:normal'><span style='font-size:12.0pt'>The National Press Club<o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal'><span class=SpellE><b style='mso-bidi-font-weight: normal'><span style='font-size:12.0pt'>Holeman</span></b></span><b style='mso-bidi-font-weight:normal'><span style='font-size:12.0pt'> Lounge<o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:5'> <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal'><b style='mso-bidi-font-weight:normal'><span style='font-size:12.0pt'>529 14<sup>th</sup> Street, NW, 13<sup>th</sup> Floor<o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:6'> <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal'><b style='mso-bidi-font-weight:normal'><span style='font-size:12.0pt'>Washington, DC 20045<o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:7'> <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal'><b style='mso-bidi-font-weight:normal'><span style='font-size:12.0pt'><o:p>&nbsp;</o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:8;mso-yfti-lastrow:yes'> <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal'><b style='mso-bidi-font-weight:normal'><span style='font-size:12.0pt'>September 22, 2011</span></b><b style='mso-bidi-font-weight: normal'><span style='font-size:14.0pt'><o:p></o:p></span></b></p> </td> </tr> </table> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><o:p>&nbsp;</o:p></p> <table class=MsoTableGrid border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse;border:none;mso-yfti-tbllook:1184;mso-padding-alt: 0in 5.4pt 0in 5.4pt;mso-border-insideh:none;mso-border-insidev:none'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>10:00am <o:p></o:p></span></b></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Welcome and Introduction<o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'><o:p>&nbsp;</o:p></span></b></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'>Kristin Forbes (MIT and NBER)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'><o:p>&nbsp;</o:p></span></b></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'><o:p>&nbsp;</o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>10:15am<span style='mso-spacerun:yes'>  </span>to 11:30am <o:p></o:p></span></b></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Increased Financial Integration and Capital Flows: Aggravating or Ameliorating Crises?<o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><i style='mso-bidi-font-style:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Session Introduction:<o:p></o:p></span></i></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'>Charles Engel<span style='mso-spacerun:yes'>  </span>(University of Wisconsin and NBER)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:5'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><i style='mso-bidi-font-style:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Discussion Leader: <o:p></o:p></span></i></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'>David Wessel<span style='mso-spacerun:yes'>  </span>(<i style='mso-bidi-font-style:normal'>Wall Street Journal</i>)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:6'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><i style='mso-bidi-font-style:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Panelists:</span></i><span style='mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri;mso-hansi-theme-font: minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin'> <o:p></o:p></span></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman";mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin;color:black'>Mohammad El <span class=SpellE>Erian</span><span style='mso-spacerun:yes'>  </span>(PIMCO)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:7'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'><o:p>&nbsp;</o:p></span></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'>Pierre-Olivier <span class=SpellE>Gourinchas</span> (University of California at Berkeley and NBER)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:8'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman";mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin;color:black'><o:p>&nbsp;</o:p></span></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman";mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin;color:black'>Philip Lane<span style='mso-spacerun:yes'>  </span>(Trinity College Dublin)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:9'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'><o:p>&nbsp;</o:p></span></b></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'><o:p>&nbsp;</o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:10'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>11:45am to 1:00pm<o:p></o:p></span></b></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Lunch<span style='mso-spacerun:yes'>  </span>- Murrow Conference Rooms<o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:11'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'></td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Lunch Speaker - </span></b><span class=SpellE><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman";mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Lael</span></span><span style='mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin;mso-fareast-font-family:"Times New Roman"; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'> <span class=SpellE>Brainard</span>, Under Secretary for International Affairs in the U.S. Treasury Department</span><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri;mso-hansi-theme-font: minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin'><o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:12'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'><o:p>&nbsp;</o:p></span></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:13'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>1:00pm to 2:15pm <o:p></o:p></span></b></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Global Contagion: What was the Role of Banks, Investors and Trade?<span style='mso-spacerun:yes'>  </span><o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:14'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><i style='mso-bidi-font-style:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:"Times New Roman"; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin;color:black'>Session Introduction:</span></i><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman";mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin;color:black'><o:p></o:p></span></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'>Mark Spiegel<span style='mso-spacerun:yes'>  </span>(Federal Reserve Bank of San Francisco)</span><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman";mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin;color:black'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:15'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><i style='mso-bidi-font-style:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:"Times New Roman"; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin;color:black'>Discussion Leader: <o:p></o:p></span></i></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman";mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin;color:black'>Sebastian <span class=SpellE>Mallaby</span> (Council on Foreign Relations)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:16'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><i style='mso-bidi-font-style:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Panelists: <o:p></o:p></span></i></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'>Joyce Chang (JP Morgan)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:17'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman";mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin;color:black'><o:p>&nbsp;</o:p></span></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman";mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin;color:black'>Marcel <span class=SpellE>Fratzscher</span> (ECB)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:18'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'><o:p>&nbsp;</o:p></span></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'>Guillermo Ortiz (GO &amp; <span class=SpellE>Asociados</span>)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:19'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'><o:p>&nbsp;</o:p></span></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:20'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>2:15pm to 2:30pm<o:p></o:p></span></b></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Coffee Break<o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:21'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'><o:p>&nbsp;</o:p></span></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:22'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>2:30pm to 4:00pm <o:p></o:p></span></b></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Reducing Country Vulnerability: Capital Controls, Reserves, the IMF, or something New?<o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:23'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><i style='mso-bidi-font-style:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Session Introduction:<o:p></o:p></span></i></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'><span style='mso-spacerun:yes'> </span>Jeffrey Frankel (Harvard University and NBER)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:24'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><i style='mso-bidi-font-style:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Discussion Leader: <o:p></o:p></span></i></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span class=SpellE><span style='mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri;mso-hansi-theme-font: minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin'>Zanny</span></span><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'> Minton-Beddoes (<i style='mso-bidi-font-style:normal'>Economist</i>) <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:25'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><i style='mso-bidi-font-style:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Panelists: <o:p></o:p></span></i></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span class=SpellE><span style='mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin;mso-fareast-font-family:"Times New Roman"; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin;color:black'>Erdem</span></span><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman";mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin;color:black'> <span class=SpellE>Basci</span> (Central Bank of Turkey)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:26'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman";mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin;color:black'><o:p>&nbsp;</o:p></span></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman";mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin;color:black'>Olivier Blanchard (IMF, MIT, and NBER)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:27'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'><o:p>&nbsp;</o:p></span></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family: Calibri;mso-bidi-theme-font:minor-latin'>Kathryn Dominguez (University of Michigan and NBER)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:28'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman";mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin;color:black'><o:p>&nbsp;</o:p></span></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman";mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin;color:black'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:29;mso-yfti-lastrow:yes'> <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>4:00pm<o:p></o:p></span></b></p> </td> <td width=494 valign=top style='width:5.15in;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='mso-ascii-font-family: Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;mso-bidi-font-family:Calibri;mso-bidi-theme-font: minor-latin'>Adjourn<o:p></o:p></span></b></p> </td> </tr> </table> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal;tab-stops:1.5in'><span style='mso-ascii-font-family:Calibri;mso-ascii-theme-font: minor-latin;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin; mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin'><o:p>&nbsp;</o:p></span></p> </div> </body> </html>