The Second EMEPG Meeting on International Financial Architecture

The financial crisis in Asia in 1997-98 brought new impetus to the discussion of international financial architecture. The so-calledMeltzer Report and the Council on Foreign Relations Task Report were the two most important outcomes of such discussion. However, the views of emerging markets were not represented in those reports. So with the Ford Foundation's support, the Emerging Markets Eminent Persons Group (EMEPG) was established to produce a report on the international financial architecture from emerging markets’ perspective. Three international seminars were held in the process of writing the report.

Session I

Chair

Il SaKong, Chairman, EMEPG

Capital Account Liberalization

Exchange Rate Regimes

Highly Leveraged Institutions

Session II

Chair

Il SaKong, Chairman, EMEPG

International Standards and Regulations

Private Sector Involvement

Social Protection Mechanisms

Session III

Chair

Il SaKong, Chairman, EMEPG

Reform of International Financial Institutions

Regional Arrangement