Prospects of the Global Economy
after Covid-19; Implications for Korea
2021 KIF International Conference November 20, 2021
program
program
Day 1 - November 30, 2021
08:15 ~ 08:45

Registration

08:45 ~ 09:00

Opening and Welcome Remarks
(Opening: Jongkyu Park, President, Korea Institute of Finance)
(Welcome: Seungbeom Koh, Chairman, Financial Services Commission)

09:10 ~ 10:10

Session 1.
"Financial Transformation after Covid-19 Pandemic"
(Prof. Thorsten Beck, European University Institute and Prof. Yung Chul Park, Korea University)
(Moderator: Dr. Sangche Lee, Korea Institute of Finance)
(Discussant: Yun Joo Kim, MD and Partner, Boston Consulting Group)

10:20 ~ 11:20

Session 2.
"Confronting the Challenges of the Post-COVID World"
(Prof. Daron Acemoglu, Massachusetts Institute of Technology)
(Moderator: Dr. Jaeha Park, Korea Institute of Finance)
(Discussants: Prof. Kyung Soo Kim, Sungkyunkwan University / Prof. Suresh Naidu, Columbia University)

11:30 ~ 12:30

Session 3.
"The International Financial System after COVID-19"
(Prof. Maurice Obstfeld, University of California, Berkeley)
(Moderator: Dr. Myong-Hwal Lee, Korea Institute of Finance)
(Discussants: Prof. Kwanho Shin, Korea University / Prof. Sebnem Kalemi-Ozcan, University of Maryland)

12:30 ~ 14:00

Lunch Break

14:00 ~ 15:30

Session 4.
"The Future of Financial Intermediation in Korea: How to Reshape Macroeconomic Roles and Transform Market Position in the Next Decade"
(Dr. Bon-Sung Gu and Dr. Young Do Kim, Korea Institute of Finance)
(Moderator: Dr. Jeong Ho Suh, Korea Institute of Finance)
(Discussant: Dr. Joongho Jeong, President, Hana Institute of Finance)


"Korea's Potential Growth Path in Post Pandemic Era"
(Dr. Min Chang and Dr. Sungwook Park, Korea Institute of Finance)
(Moderator: Dr. Jeong Ho Suh, Korea Institute of Finance)
(Discussant: Prof. Yongsung Chang, Seoul National University)

Day 2 - December 1, 2021
08:30 ~ 10:00

Panel Discussion
(Moderator: Prof. Yung Chul Park, Korea University)
(Discussants:
  Prof. Thorsten Beck, European University Institute
  Prof. Daron Acemoglu, Massachusetts Institute of Technology
  Prof. Maurice Obstfeld, University of California, Berkeley
  Prof. Jong-Wha Lee, Korea University
  Dr. Bon-Sung Gu, Korea Institute of Finance)

10:00

Closing

* All schedules are tentative

speakers
  • speaker_03

    Thorsten Beck is Director of the Florence School of Banking and Finance and Professor of Financial Stability at the European University Institute in Florence, Italy. He is a research fellow of the Centre for Economic Policy Research (CEPR) and the CESifo. He was professor of banking and finance at Bayes Business School (formerly Cass) in London between 2013 and 2021 and professor of economics from 2008 to 2014 and the founding chair of the European Banking Center from 2008 to 2013 at Tilburg University. Previously he worked in the research department of the World Bank from 1997 to 2008 and, over the past 12 years, has worked as consultant for – among others - the European Central Bank, the Bank of England, the BIS, the IMF, the Inter-American Development Bank, the Asian Development Bank, the European Commission, and the German Development Corporation.

  • speaker_04

    Yung Chul Park is currently a Professor in the Division of International Studies, Korea University. He was a Professor of Economics at Korea University from 1976 to 2005 and Research Professor at Graduate School of International Studies, Seoul National University from 2005 to 2008. Previously he served as the Chief Economic Adviser to the President of Korea, as President of the Korea Development Institute, and as President of the Korea Institute of Finance. He also worked for the International Monetary Fund. His main research areas include financial development and liberalization and regional monetary and financial integration. He has published as author or editor several books including Financial Liberalization and Economic Development in Korea, 1980-2020 (coauthored with J. K. Kim and H. Park, Harvard University Asia Center, 2021).

  • speaker_01

    Daron Acemoglu is an Institute Professor at MIT and an elected fellow of the National Academy of Sciences, American Philosophical Society, the British Academy of Sciences, the Turkish Academy of Sciences, the American Academy of Arts and Sciences, the Econometric Society, the European Economic Association, and the Society of Labor Economists. He is the author of five books, including New York Times bestseller Why Nations Fail: Power, Prosperity, and Poverty Introduction to Modern Economic Growth and The Narrow Corridor: States, Societies, and the Fate of Liberty (both with James A. Robinson). His academic work covers a wide range of areas, including political economy, economic development, economic growth, technological change, inequality, labor economics and economics of networks. He was awarded the John Bates Clark Medal in 2005, and more recently the Erwin Plein Nemmers Prize in 2012, the 2016 BBVA Frontiers of Knowledge Award, the Carnegie Fellowship in 2017, the Jean-Jacques Laffont Prize in 2018, the Global Economy Prize in 2019, and the CME Mathematical and Statistical Research Institute prize in 2021.

  • speaker_02

    Maurice Obstfeld is the Class of 1958 Professor of Economics at the University of California, Berkeley. He is also a senior nonresident fellow at the Peterson Institute for International Economics. From 2015 through 2018, he served as Economic Counsellor and Director of Research at the International Monetary Fund. During 2014 and 2015, he was a Member of President Obama’s Council of Economic Advisers. Prior to joining the economics department at Berkeley, he held faculty appointments at Columbia and the University of Pennsylvania, as well as a visiting appointment at Harvard.

  • speaker_05

    Bon Sung Gu has been a senior research fellow at the KIF since 2007. Prior to joining the KIF, he worked for Andersen Consulting in the area of strategy and financial services from 2002 to 2004, upon earning his doctorate from the University of York, UK. His research interests are mostly in financial industry policy issues. Currently, he is interested in the regulation of digital finances and their long-term implications for the Korean financial industry.


  • speaker_06

    Min Chang is a Senior Research Fellow at the Korea Institute of Finance(KIF). His previous positions include the Director General of Research Department at the Bank of Korea(2015~18), Director of Research at KIF(2013~15), Senior Advisor to the chairman of Financial Supervisory Committee(2011~13), Chief of Macroeconomic Research Division at KIF(2009~11). He worked at the Bank of Korea for 1990~2008, where he held a number of key positions including Director of Monetary Policy Department, Representative of the Washington DC Office. He also served as an Outside Director at Woori Finance Group/Woori Bank and a Visiting Economist at the Bank for International Settlement. He received his PhD in economics from Michigan State University and his BA in economics from Seoul National University.