Foreword
THOMAS M. HOENIG
President
Federal Reserve Bank of Kansas City

The Contributors

Symposium Summary
GEORGE A. KAHN
Vice-President & Economist
Federal Reserve Bank of Kansas City

Opening Remarks
ALAN GREENSPAN
Chairman
Board of Governors of the Federal Reserve System


Factors Driving Global Economic Integration
MICHAEL MUSSA
Economic Counsellor and Director of Research
International Monetary Fund

Commentary
DOUGLAS IRWIN
Professor
Dartmouth College

General Discussion


Crises: The Price of Globalization?
PAUL KRUGMAN
Professor
Princeton University

Commentary
CHARLES GOODHART
Professor
London School of Economics

General Discussion


PANEL DISCUSSION:

How Should Financial Market Regulators Respond to the New Challenges of Global Economic Integration?

Commentary
Panelist: ANDREW CROCKETT
General Manager
Bank for International Settlements

Commentary
Panelist: HOWARD DAVIES
Chairman
The Financial Services Authority, United Kingdom

Commentary
Panelist: RANDALL KROSZNER
Professor
University of Chicago

General Discussion


LUNCHEON ADDRESS:
Reflections on the Global Trading System
MIKE MOORE
Director-General
World Trade Organization


Perspectives on OECD Economic Integration: Implications for U.S. Current Account Adjustment
MAURICE OBSTFELD
Professor
University of California-Berkeley
KENNETH ROGOFF,
Professor
Harvard University

Commentary
IGNAZIO VISCO
Head, Economics Department, and Chief Economist
Organization for Economic Cooperation and Development

General Discussion


PANEL DISCUSSION:

How Should Monetary Policymakers Respond to the New Challenges of Global Economic Integration?

Commentary
DONALD BRASH
Governor
Reserve Bank of New Zealand

Commentary
GUILLERMO ORTIZ
Governor
Bank of Mexico

Commentary
EUGENIO DOMINGO SOLANS
Member, Executive Board
European Central Bank

General Discussion


OVERVIEW PANEL

MARTIN FELDSTEIN
President
National Bureau of Economic Research

STANLEY FISCHER
First Deputy Managing Director
International Monetary Fund

JACOB FRENKEL
Chairman, Sovereign Advisory Group and Global Financial Institutions Group
Merrill Lynch International

General Discussion


The Participants

The views expressed are those of the authors and do not necessarily reflect the positions of the Federal Reserve Bank of Kansas City or the Federal Reserve System.