Research Department - SBP Conference    

 

Day 1: November 14, 2005

Opening Session

9:30 – 10:00 Arrival of Guests and Participants
10:00 – 10:05 Recitation from the Holy Quran
10:05 – 10:30 Keynote Address by the Governor
10:30 – 11:00 Tea

Session I

Chairperson: Ishrat Husain

11:00 – 11:45 Ehsan U. Choudhri
Monetary Policy in a Small Emerging Economy: Exploring Desirable Interest-Rate Rules
[Discussant: Muhammad Farooq Arby]
11:45 – 12:30 Iqbal M. Zaidi
Exchange Rate Flexibility and the Monetary Policy Framework in Pakistan
[Discussant: Abid Qamar]
12:30 – 13:15 Hamza A. Malik
Monetary-Exchange Rate Policy and Current Account Dynamics
[Discussant: Riaz Riazuddin]
13:15 – 14:15 Lunch


Session II

Chairperson: Riaz Riazuddin

14:15 – 15:00 Mohsin Khan and Axel Schimmelpfennig
Inflation in Pakistan: Money or Wheat?
[Discussant: Aftab Nadeem]
15:00 – 15:45 Pervez Tahir
Institutional Arrangements for Financial Sector Governance
[Discussant: Sahar Z. Babar]
15:45 – 16:30 Naved Ahmed and Fareed Ahmed
Endogenous Money Hypothesis: Empirical Evidence from Pakistan (1974-2004)
[Discussant: Zulfiqar Hyder]
16:30 – 17:00 Tea
20:00 Dinner in honor of participants

 

Day 2: 15 November, 2005

Session III
Chairperson: Omar Farooq Saqib

9:00 – 9:45 Ahmed M. Khalid
Is Inflation Targeting the Best Policy Choice for Emerging Economies? Lessons from Early Reformers
in Asia
[Discussant: Amin Lodhi]
9:45 – 10:30 Ather H. Akbari and Wimal Rankaduwa
Determinants of Inflation and Feasibility of Inflation Targeting in a Small Emerging Market Economy: The Case of Pakistan
[Discussant: Ather Elahi]
10:30 – 11:15 M. Aslam Chaudhry and Munir A. S. Chowdhry
Why the State Bank of Pakistan Should Not Adopt Inflation Targeting?
[Discussant: Noor Ahmed]
11:15 – 11:45 Tea

Session IV
Chairperson: Aftab Nadeem

11:45 – 12:30 Shaghil Ahmed, Iffat Ara, and Kalim Hyder
How External Shocks and Exchange Rate Depreciations Affect Pakistan? Implications for Choice of an Exchange Rate Regime
[Discussant: Nadeem Hanif]
12:30 – 13:15 Aasim M. Hussain
Choosing the Right Exchange Rate Regime for Pakistan
[Discussant: Najam Altaf]
13:15 – 14:00 Zulfiqar Hyder and Adil Mahboob
Equilibrium Real Effective Exchange Rate and Exchange Rate Misalignment in Pakistan
[Discussant: Sajid Ali]
14:00 – 15:00 Lunch

Closing Session

15:00 – 15:30 Concluding Remarks: Shaghil Ahmed
15:30 – 15:45 Vote of Thanks to the Participants: Economic Advisor
15:45 – 16:15 Tea

 
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