2014 ADBI-KEIO EXECUTIVE TRAINING IN ECONOMICS -Contemporary Macroeconomic Policies in a Globalized Economy-

(2014/10/31)

2014 ADBI-KEIO EXECUTIVE TRAINING IN ECONOMICS

2014 ADBI-KEIO EXECUTIVE TRAINING IN ECONOMICS
– Contemporary Macroeconomic Policies in a Globalized Economy –
3-7 November 2014 Keio University and ADB Institute

In today’s highly integrated world, the need to understand complex economic issues and translate them into appropriate and relevant policies becomes more demanding. This calls for government leaders and policy makers who can think critically, formulate policies strategically, and implement decisions responsibly. In particular, today’s Asian leaders especially from newly developed and less developed countries, must be equipped with decision-making skills to be able to respond quickly to unexpected shocks in the short run, effectively manage the economy in the middle run, and apply proper development strategies in the long run. In the face of these challenges, both solid academic training, particularly in economics, and strong grounding in policy making, are essential. In response, the Asian Development Bank Institute (ADBI) and Faculty of Economics, Keio University will launch a novel type of executive training program based on rigorous academic economics. As a unique combination of highly regarded government think tank in Asia and renowned academic university, ADBI and Keio University will offer a one-week intensive high-level course, exclusive to highly qualified officials and executives from central banks, finance ministries and regulatory agencies of developing Asian countries. The program helps participants obtain critical knowledge in economics and master new skills they need to excel in this highly integrated global economy. Upon the completion of all the requirements, a certificate signed by the President of Keio University will be granted. For the current intake, the program focuses on contemporary macroeconomic policies in the globalizing world and consists of lectures on: (i) monetary policy; (ii) fiscal policy; (iii) exchange rate policy; (iv) regulation and development of financial sector; and (v) link with economic integration in the real economy. With these topics, a rigorous theoretical and empirical framework must be digested and adjusted to the current world after the Global Financial Crisis where both vigorous economic activities and enhanced uncertainty exist. Rather than being afraid of openness, countries and economies should properly cope with globalizing forces in order to achieve sustained economic growth and step up in a development ladder. The course will consist of general orientation, lectures, class discussion, a field trip, independent/group works, and presentation.

Program Schedule
November 3, 2014 Monday (Venue: Keio University)
09:00 – 10:00 Welcome and Introduction
　　　　　　　　　　Prof. Shinsuke Nakamura, Dean, Keio University
　　　　　　　　　　Prof. Fukunari Kimura, Keio University
　　　　　　　　　　Dr. Naoyuki Yoshino, Dean, Asian Development Bank Institute (ADBI)

　　　　　　　　　　Short Presentation
　　　　　　　　　　”Fukuzawa Yukichi, Keio University, and Japanese Enlightenment”
　　　　　　　　　　Prof. Yukihiro Ikeda, Keio University
10:00 – 10:30 Coffee Break
10:30 – 11:30 Lecture 1: Macroeconomic Issues in Asia: Policies, Challenges and Constraints
　　　　　　　　　　Dr. Naoyuki Yoshino, Dean, ADBI
11:30 – 12:30 Lecture 2: Fiscal Policy, Debt Crisis, and Fiscal Sustainability
　　　　　　　　　　Dr. Naoyuki Yoshino, Dean, ADBI
12:30 – 13:30 Lunch Break
13:30 – 15:00 Lecture 3: Monetary Policy, Exchange Rate Regimes and Capital Flows in a Globalized Economy
　　　　　　　　　　Prof. Ippei Fujiwara, Keio University
15:00 – 15:30 Coffee Break
15:30 – 17:00 Special Session: Guidelines on Class Presentations
　　　　　　　　　　Prof. Fukunari Kimura, Keio University

November 4, 2014 Tuesday (Venue: ADB Institute)
09:00 – 10:30 Lecture 4: Public Finance and the Challenge to Ageing Society
　　　　　　　　　　Mr. Makoto Fujishiro, Deputy Director General, Financial Bureau, Ministry of Finance, Japan
10:30 – 11:00 Coffee Break
11:00 – 12:30 Lecture 5: Abenomics and Financial Strategy
　　　　　　　　　　Mr. Motonobu Matsuo, Director of Planning Division, Planning and Coordination Bureau, Financial Services Agency Japan
12:30 – 13:30 Lunch Break
13:30 – 15:00 Lecture 6: Public SME Financing and FILP System in Japan
　　　　　　　　　　Mr. Masahiko Furuya, Director, Ministry of Finance, Japan
15:00 – 15:30 Coffee Break
15:30 – 17:00 Preparation for Presentations

November 5, 2014 Wednesday (Venue: Keio University)
09:00 – 10:30 Preparation for Presentations
10:30 – 11:00 Coffee Break
11:00 – 12:30 Lecture 7: Central Banking and the Financial Crisis
　　　　　　　　　　Prof. Masahiro Kawai, Tokyo University
12:30 – 13:30 Lunch Break
13:30 – 15:00 Lecture 8: FTA and Regional Integration
　　　　　　　　　　Prof. Fukunari Kimura, Keio University
15:00 – 15:30 Coffee Break
15:30 – 17:00 Lecture 9: Economic Growth of Asia and the Need for Economic Cooperation and Integration
　　　　　　　　　　Dr. Jae-Ha Park, Deputy Dean, ADBI
17:00 – 18:30 Lecture 10: Central Banks’ Challenges in a Rapidly Changing Global Economic Environment
　　　　　　　　　　Dr. Sayuri Shirai, Member of the Policy Board, Bank of Japan

November 6, 2014 Thursday (Field Trip)
09:00 – 10:30 Visit to Japan Bank for International Cooperation (JBIC)
11:00 – 12:30 Visit to Japan Finance Corporation (JFC)
12:30 – 14:00 Lunch: Restaurant in Otemachi
14:30 – 16:30 Visit to Japan Exchange Group (JPX)

November 7, 2014 Friday (Venue: Keio University)
09:30 – 16:00 Presentation by Participants
　　　　　　　　　　Facilitators:Prof. Fukunari Kimura, Keio University and
　　　　　　　　　　Dr. Aladdin D. Rillo, Senior Economist, Capacity Building and Training, ADBI
16:00 – 16:30 Program Evaluation
16:30 – 18:00 Graduation Ceremony and FarewellReception
　　　　　　　　　　Speakers:Prof. Shinsuke Nakamura, Dean, Keio University
　　　　　　　　　　Dr. Naoyuki Yoshino, Dean, ADBI
　　　　　　　　　　Closing Remarks: Dr. Jae-Ha Park, Deputy Dean, ADBI