Session 3:The Exchange Rate System: Can Humpty-Dumpty Be Put Back Together

2:30-3:45 pm
Yorktown

Wild swings in emerging market exchange rates wreck havoc. Can we salvage the fixed exchange rate regimes? Should we salvage them? What’s best—stable or fluctuating exchange rates? A panel of experts on world currencies will address these issues and the implications for business.

Nariman Behravesh, presiding
Chief International Economist
Standard & Poor’s DRI

Steve Hanke
Professor of Economics
John Hopkins University

DR. STEVE H. HANKE is a professor of Applied Economics at The Johns Hopkins University in Baltimore. Professor Hanke has been writing a column in Forbes Magazine since 1993, and also advises governments on currency reform, privatization and capital market development.

His appointments have included: Senior Economist on President Reagan's Council of Economic Advisors (1981-82); Advisor to the Minister of Economy, Domingo Cavallo, Republic of Argentina (1995-96); Advisor to the President of Bulgaria, Petar Stoyanov (1997-present) and Special Counselor to the Economic and Monetary Resilience Council, Republic of Indonesia (1998-present). Professor Hanke is a member of the Steering Committee of the G-7 Council in Washington, D.C. and a Fellow at the World Economic Forum in Geneva.

Dr. Hanke's books include: The Revolution in Development Economics (1998), Currency Boards: The Financing of Stabilization (1997), Alternative Monetary Regimes for Jamaica (1996), Currency Boards for Developing Countries (1994) and Russian Currency and Finance (1993).

John Makin
Resident Scholar
American Enterprise Institute

John H. Makin is director of fiscal policy studies at AEI. With Norman J. Ornstein he wrote Debt and Taxes: How America Got into Its Budget Mess and What to Do about It (1994). Mr. Makin is author of AEI's monthly report, Economic Outlook. Links

Asia in Crisis- Special report in the Financial Times (free, but registration is required)

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