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BNM Economics Research Workshop 2015

Bank Negara Malaysia is pleased to announce the 3rd Annual Bank Negara Malaysia Economics Research Workshop, to be held on 9 November 2015 at Sasana Kijang, Kuala Lumpur. This event will bring together researchers and policymakers to discuss economic and financial market issues faced by the regional economies. 

The objectives of this workshop are to:

  • Foster greater cooperation among the institutions through an exchange of ideas and sharing of country specific experiences;
  • Identify policy strategies to address prevailing and emerging challenges, and;
  • Enhance regional cooperation to address common issues.


The theme of this year's workshop is “The ASEAN Economic Community: Vision, Opportunities and Challenges”. The formation of the ASEAN Economic Community (AEC) by end-2015 marks a new era of regional cooperation. By removing intra-regional barriers across multiple dimensions (e.g. goods, services and capital), the AEC moves closer to the ideal of having a “single market and production base” defined not by national but regional boundaries. For firms, this elevates market size and efficiency gains as resources flow to where expected returns are highest, in turn leading to improvements in employment and income levels. However, liberalisation also increases competition and induces structural changes that will result in some casualties

 

Opening Remarks: Abdul Rasheed Ghaffour, Assistant Governor, Bank Negara Malaysia [Transcript]

 

Session 1: Industrial Issues amidst Regional Integration

Moderator:

Abdul Rasheed Ghaffour (Assistant Governor, Bank Negara Malaysia)

 
Paper 1: Diversity without Proximity: Opportunities and Challenges of ASEAN Value Chains [Paper] [Presentation]

Presenter: 

Warittha Prajongkarn and Nalin Nookhwun (Bank of Thailand)

Discussant:  

Mohamed Rizwan Habeeb Rahuman (Bank Negara Malaysia) [Presentation]

 

 
Paper 2: Food Safety Standards and Regulations in Malaysia: Implications for ASEAN Integration [Paper] [Presentation]

Presenter:

Evelyn S. Devadason, VGR Chandran and Tang Tuck Cheong, (University of Malaya)

Discussant:         

Latifahaida Abdul Latif (Bank Negara Malaysia) [Presentation]

 

Session 2: Progress of Regional Integration

Moderator:

Norhana Endut (Monetary Policy Department, Bank Negara Malaysia)

 
Paper 3: Measuring Regional Economic Integration: The Case of ASEAN Economies [Paper]  [Presentation]

Presenter: 

Hock-Ann Lee (Universiti Malaysia Sabah) and Huay-Huay Lee, (University of Multimedia)

Discussant:  

Rio Khasananda (Bank Indonesia) [Presentation]

 

 
Paper 4: Dynamics of Bond Market Development in ASEAN-5 [Paper] [Presentation]

Presenter:

Doulos Paul Lee and Nesha Armo (Bank Negara Malaysia)

Discussant:         

Poon Wai Ching (Monash University Malaysia) [Presentation]

 

Session 3: Dealing with Macroeconomic Shocks

Moderator:

Fraziali Ismail (Economics Department, Bank Negara Malaysia)

 
Paper 5: The Macroeconomic Effects of Oil Price Shocks on ASEAN-5 Economies [Paper] [Presentation]

Presenter: 

Mala Raghavan (University of Tasmania)

Discussant:  

Mansor Haji. Ibrahim (INCEIF) [Presentation]

 

 
Paper 6: What Shape the Spillovers of China’s Industrial Upgrading and Renminbi Internationalization to ASEAN? Lessons from a New Keynesian Model of Endogenous Firm Entry and Invoicing Currency [Paper] [Presentation]

Presenter:

Wong Chin-Yoong and Eng Yoke-Kee (Universiti Tunku Abdul Rahman)

Discussant:         

Teo Wing Leong (The University of Nottingham, Malaysia) [Presentation]

 

Session 4 : Regional Integration Going Forward

Moderator:

Nazrul Hisyam Mohd Noh (International Department, Bank Negara Malaysia)

 

Paper 7: Towards an ASEAN Economic Community: Progress in key pillars and remaining challenges [Paper] [Presentation]

Presenter:

Jayant Menon (Asian Development Bank)

Discussant:          Wan Khatina Wan Mohd Nawawi (Khazanah Research Institute) [Presentation]
 

 

Paper 8: Benefiting From the Implementation of AEC 2015
Presenter: Robbi Nur Rakhman, Rio Khasananda, Hesti Werdaningtyas, Gunawan Wicaksono, Reza Anglingkusumo (Bank Indonesia) [Paper] [Presentation]
Discussant:   Thiam Hee Ng (Asian Development Bank)