“Shocks and Shifts in Global Finance: Implications for Asia”

Monday, 27 March 2017
2pm – 5pm

Pacific 3 Ballroom, Level 1,
Pan Pacific Singapore
7 Raffles Boulevard, Marina Square, Singapore 039595 (

Admission: complimentary
Dress Code: Office Attire

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The past year has witnessed massive shifts in the global economic and political landscapes. Many of the world’s major economies have experienced a diverse array of shocks that have heightened political and policy uncertainties. Events such as Brexit, Trump’s election victory, and rising nationalistic sentiments in major advanced economies suggest a retreat from globalization and multilateralism. This lecture will cover the ramifications of these developments for the global financial system, particularly in the context of Asia, and how they may set in motion broader geopolitical and economic shifts.

These changes come at a time when the major emerging market economies face economic tensions on many fronts. Even China is now facing slower growth, rising debt levels, a falling currency, and capital outflows. Is China’s economy headed for a meltdown or can it continue to outgrow its problems? Can India maintain sizzling growth, its banknote demonetization initiative notwithstanding?

This lecture covered the short-term and medium-term prospects for emerging markets, with a focus on the Chinese and Indian economies. It will lay out an actionable reform agenda for both Asian economic giants to maintain good growth. The future of the Renminbi, both in terms of its value and its role as an international currency, was also be discussed.


About the Speaker

Eswar Prasad is the Nandlal P. Tolani Senior Professor of Trade Policy in the Charles H. Dyson School of Applied Economics and Management at the Cornell SC Johnson College of Business. He is also a senior fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a research associate at the National Bureau of Economic Research. His new book is Gaining Currency: The Rise of the Renminbi (Oxford, 2016), which was praised by Professor Lawrence Summers as “the definitive book on the Renminbi.” Professor Prasad is also the author of The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance (Princeton, 2014). 


Opening Remarks by Professor Joseph Cherian, Director, CAMRI
Public Lecture by Professor Eswar Prasad
Question and Answer Session moderated by Mr Vikram Khanna, Associate Editor, The Business Times
Closing Remarks by Mr Rohet Tolani, Managing Director, Tolani Shipping
Tea Reception


Contact Ms Chow Pee Fun of CAMRI on tel: (65) 6601 1047 or at This email address is being protected from spambots. You need JavaScript enabled to view it. 

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