NBER – NCAER Conference on Reforms

Subir Gokarn and Raghuram G. Rajan, Organisers

Neemrana Fort Resort

Rajasthan, India

December 13-15, 1999

Tentative Programme

Monday, December 13, 1999

11:30AM	Group Luncheon at Le Meridien Hotel, New Delhi

1:00 PM	Departure from Le Meridien Hotel

5:00 PM	Arrival at Neemrana Fort Resort

6:30 – 8:15 PM	Session 1 Inaugural

6:30 – 6:40 PM	INTRODUCTORY REMARKS

MARTIN FELDSTEIN, Harvard University and NBER

RAKESH MOHAN, NCAER

6:40 – 7:20 PM	KEYNOTE ADDRESS

BIMAL JALAN, Reserve Bank of India

7:20 – 7:50 PM	COMMENTS ON THE INDIAN REFORM EXPERIENCE

ASHOK DESAI, Business Standard

RAKESH MOHAN, NCAER

7:50 - 8:15 PM	DISCUSSION

8:30 PM	RECEPTION AND DINNER

Tuesday, December 14, 1999

9:00 – 11:00 AM	SESSION 2 Reforms and Poverty

CHAIR: SURESH TENDULKAR, Delhi School of Economics

9:00 – 10:00 AM	PRESENTATIONS

JAGDISH BHAGWATI, Columbia University

SHUBHASIS GANGOPADHYAY, Indian Statistical Institute

10.00 – 10:15 AM	COMMENTS

TN SRINIVASAN, Yale University

10:15 – 10:30 AM	OPEN DISCUSSION

10:30 – 11:00 AM	Break

11:00 – 12:30 PM	SESSION 3 Budget Deficits and Fiscal Reforms

CHAIR: SHANKAR ACHARYA, Ministry of Finance

11:00 AM – NOON	PRESENTATIONS

R. GLENN HUBBARD, Columbia University and NBER

ASHOK LAHIRI, NIPFP

NOON – 12.15 PM	COMMENTS

MIHIR DESAI, Harvard University and NBER

12:15 – 12:30 PM	OPEN DISCUSSION

12:30 – 2:00 PM	Lunch

LUNCHEON SPEAKER:

MARTIN FELDSTEIN, Harvard University and NBER

CHAIR: PIYUSH MANKAD, Ministry of Finance

2:00 – 3:45 PM	SESSION 4 Other Countries' Experiences

CHAIR: E.A.S. SARMA, Ministry of Finance

ANNE KRUEGER, Stanford University and NBER

Consequences of Banking Crisis in Mexico

COMMENTS: Y. V. READY, Reserve Bank of India

SHANG-JIN WEI, Harvard University and NBER

FDI in China

COMMENTS: ASHOKA MODY, World Bank

FLORENCIO LOPEZ DE SILANES, Harvard University and NBER

Privatization in Mexico

COMMENTS: JAIMUNI BHAGWATI, Ministry of Finance

OPEN DISCUSSION

3:45 – 4:15 PM	Break

4:15 p.m. – 6:00 p.m. SESSION 5 Indian Themes

CHAIR: ISHER JUDGE AHLUWALIA, ICRIER

MARIANNE BERTRAND, Princeton University and NBER

SENDHIL MULLAINATHAN, MIT and NBER

Indian Fincial Institutions

COMMENTS: P. J. NAYAK, Unit Trust of India

PRADEEP SRIVASTAVA, NCAER

Indian Banking

COMMENTS: ARVIND VIRMANI, Ministry of Finance

NAGESH KUMAR, RIS

FDI in India

COMMENTS: VIVEK SRIVASTAVA, NCAER

7:00 PM	DINNER

Day 3: Wednesday, December 15, 1999

9:00 – 10:45 AM SESSION 6 Round Table on Financial Sector Reforms

MODERATOR: D. R. MEHTA, SEBI

9:00 – 10:15 AM	PANELISTS

SURJIT BHALLA, O(x)us Fund Management
FREDERICK MISHKIN, Columbia University and NBER

RAGHURAM G. RAJAN, University of Chicago and NBER

SUBRATA SARKAR, IGIDR

AJAY SHAH, IGIDR

10:15 – 10:45 AM	OPEN DISCUSSION

11:15 AM – 12:30 PM SESSION 7 The New International Financial Architecture

CHAIR: ARJUN SENGUPTA, NJU

11:15 AM – 12:15 PM

PRESENTATIONS:

BARRY EICHENGREEN, UC, Berkeley and NBER MONTEK AHLUWALIA, Planning Commission

12:15 – 12:25 PM	COMMENTS: S. S. TARAPORE

12:25 – 12:45 PM	DISCUSSION

12:45 – 2:15 p.m. Lunch

LUNCHEON SPEAKER: MANMOHAN SINGH

CHAIR: PRAVIN VISARIA

2:15 – 4:00 PM SESSION 8 Roundtable On "The Road Ahead: Distilling the Message"

MODERATOR: KIRIT PARIKH, IGIDR

2.15 – 3.15 PM	PANELISTS

FRANCESCO CASELLI, University of Chicago

SUBIT GOKARN, IGIDR and NCAER

OMKAR GOSWAMI, CII

URJIT PATEL, IDFC

3:15 - 4:00 PM	DISCUSSION

4:30 PM	Departure from Neemrana Fort Resort

8:30 p.m.	Arrival at Le Meridien Hotel, New Delhi

10.6.99