Lunch will be served at this special event. Please RSVP to Neeley Main by 10am on July 5, 2001 to secure your place. In addition to his post at the Chinese University of Hong Kong, Professor Liu is Research Director of Hong Kong Centre for Economic Research, the Director of the Hong Kong and Asia-Pacific Economics Reseach Programme, and the Secretary-General of the East Asian Economic Association.

In August 1997, after financial crisis had broken out in Thailand, Japanese officials proposed the establishment of an Asian Monetary Fund (AMF). The proposal encountered a number of obstacles, the most formidable of which was opposition by the United States and the IMF. Consequently, Japanese officials aborted the initiative. However, the notion of an AMF resurfaced in a variety of forms thereafter,. Most recently, a network of bilateral currency swap arrangements has begun to emerge among the ASEAN + 3 nations under the auspices of the May 2000 Chiang Mai Initiative. This talk will examine the political dynamics surrounding the Japanese Government's initial proposal for the creation of an AMF in 1997, and the arrangements that have emerged in its place. In doing so, the talk will attempt to draw out the significance of the AMF idea, its institutional evolution for the U.S.-Japan bilateral relationship, and for U.S. and Japanese roles in multilateral financial institutions today.

While Asia and Europe's bilateral links with the United States are deep, ties between Europe and Asia need to be strengthened. In the aftermath of the Asian economic crisis and Europe's focus on issues closer to home (European single currency and the enlargement process), is the building of a new Asia-Europe partnership a priority for the European Union? Can the Asian economic crisis serve as a window of opportunity for closer and lasting economic cooperation between Asia and Europe? How can Europe assist in the implementation of economic reform programs and the process of market liberalization? What is the future of enhanced EU-Asia political cooperation in the areas of the environment, crime and drugs, terrorism, and human rights? How can Europe and Asia best pursue their common interests in arms control, disarmament, and non-proliferation? Professor Rinsche has had a distinguished career in German and European politics spanning more than three decades: as a member of the German Parliament (1965-1972) and a member of the European Parliament for twenty years (1979-1999). He was president of the EP-Delegation for ASEAN, South-East Asia, and South Korea (1979-1999), and chairman of the CDU/CSU-Group from 1989-1999. He is currently president of the Konrad Adenauer Foundation, a German political foundation promoting civic education in Germany and democracy and development abroad. Professor Rinsche will have just returned from an extended trip to South-East Asia and China and will share his recent insights in the current situation in that region.

Mr. Bhatnagar will focus on the considerations that guide and motivate large companies to seek markets in developing economies and the risks that they face in being early pioneers. He will speak from his experiences in developing projects and working in Asian economies, with special reference to Enron's experience in India in developing and financing the Dabhol Power Project, the largest independent power plant and LNG terminal in India.

The Dabhol Project is a $3 billion investment in an LNG-fired power plant and port infrastructure in India and typifies the challenges large investments face in developing economies such as India. Projects such as Dabhol can help kickstart infrastructure investments in developing economies; investments that these countries sorely need and the talk will focus on the the hurdles the project has faced over the years and overcome and the efforts of a country to balance the vested interests in the economy with the need for new investment.

Sanjay Bhatnagar is currently working on developing and investing in several energy and telecommunication projects in India and the U.S. as a free agent based out of New York. Until recently, Mr. Bhatnagar was the CEO of Enron Broadband Services in the Middle East and Asia in Singapore responsible for developing Enron's telecommunication business in the region. Mr. Bhatnagar received his MBA from Harvard University in 1993, a Master's in Engineering from Stanford University in 1989 and a Bachelor's in Mechanical Engineering with distinction from the Indian Institute of Technology in 1983.

Jin Hwa Jung is a Research Fellow at the Korea Institute for Industrial Economics and Trade (KIET) in Seoul, Korea, and currently a Visiting Scholar at the Institute for Research on Women and Gender (IRWG), Stanford University. She earned her Bachelor's and Master's degrees at Seoul National University, and Ph.D. degree in economics at the University of Illinois at Urbana-Champaign. Dr. Jung has undertaken substantial work on the analysis of the Korean labor market. Her current research focuses on the gender differences in employment and wage structures in the industries with differing knowledge intensity. Abstract: Knowledge-based industries have taken an increasingly large role in the Korean economy since the mid-1980s in terms of value-added, employment, and productivity growth. Compared with traditional industries, knowledge-based industries are characterized by higher ratio of knowledge-intensive jobs, higher wage rates, and higher wage growth in the recent past. In particular, the gender wage gap is less noticeable in knowledge-based industries and, more importantly, less attributable to non-productivity-related discrimination against women. Policies to promote women's employment and career development in knowledge-based sectors are called for.

Conference Theme At the beginning of 1999, eleven (since 2001: twelve) EU member states abandoned their national currencies in favor of the common currency euro, which will be available as notes and coins from 2002 onwards. The conference discusses various aspects of monetary and fiscal policies resulting from the completion of the European Economic and Monetary Union (EMU) with special emphasis on its implications for the transatlantic economic relations and the global economy. Conference Speakers Fritz Breuss, Vienna University of Economics and Business Administration, breuss@fgr.wu-wien.ac.at Jakob de Haan, University of Groningen, j.de.haan@eco.rug Fabio Ghironi, Boston College, ghironi@bc.edu Gottfried Haber, University of Klagenfurt, gottfried.haber@uni-klu.ac.at Andrew Hughes Hallett, University of Strathclyde, a.hughes-hallett@strath.ac.uk Michael M. Hutchison, University of California, Santa Cruz, hutch@cats.ucsc.edu Tim Josling, Stanford University, josling@stanford.edu Markus Knell, Austrian National Bank, markus.knell@oenb.co.at Ronald McKinnon, Stanford University, mckinnon@leland.stanford.edu Reinhard Neck, University of Klagenfurt and Stanford University, rneck@stanford.edu Dominick Salvatore, Fordham University, Salvatore@fordham.edu Friedrich Schneider, University of Linz, friedrich.Schneider@jk.uni-linz.ac.at Rolf Strauch, European Central Bank, rolf.strauch@ecb.int Bas van Aarle, Catholic University of Leuven, bas.vanaarle@econ.kuleuven.ac.be