[Title Page]
PROGRAM
CURRICULUM VITAE OF SPEAKER
Contents
SESSION 1. 2020 Asia and World Economic Outlook 8
Presentation 1. 2020 KIEP World Economic Outlook / Sangbae AN 9
I. Overview 11
II. Outlook on Major Economies 15
Presentation 2. Caught in Prolonged Uncertainty: Challenges and Opportunities for Asia / R. Sean CRAIG 20
Key Global Development and Risks 21
Macroeconomic Developments in Asia and the Rest of the World 22
Global and Asia Economic Outlook 25
Risks tilted to the downside 30
Policy Discussion 34
SESSION 2. Large and Volatile Capital Flows and Policy Challenges in Asian Emerging Market Economies and Korea 37
Presentation 1. Facing the Tides: Managing Capital Flows on Asia / Nour TAWK 38
Challenges from Capital Flows and Exchange Rate Fluctuations 40
Policy Responses to Capial Flows 46
Presentation 2. The Impact of Residents' Overseas Portfolio Investment on Domestic Swap Rate and Local Exchange Rate / Kyunghun KIM ; Tae Soo Kang 52
Introduction 53
Data & Methodology 60
Empirical Result 61
Conclusion 64