The Philippine Institute for Development Studies (PIDS) is holding a Pulong Saliksikan on “Fed`s Monetary Policy and the Rising Dollar: Impact on Asia and Emerging Economies” on 11 February 2015, Wednesday, from 2:00 p.m. to 4:00 p.m. at Romulo Hall of the NEDA sa Makati Bldg., 106 Amorsolo St., Legaspi Village, Makati City.
In the absence of structural reforms, central banks will play a vital role in global growth prospects and currency markets in the near future. In the United States, the recovery is likely to strengthen, but there is no return to the pre-2008 status quo in the labor markets and the level of debt continues to rise. What will be the impact on the Asian and large emerging economies of the US government`s expected rate hikes and the European Central Bank and the Bank of Japan`s anticipated expanded quantitative easing? How will these policies impact the ongoing "currency wars"? Will economic stagnation further intensify geopolitical friction?
Addressing these issues is the seminar`s resource speaker, Dan Steinbock, PhD, a recognized expert of the multipolar world. He focuses on international business, international relations, investment and risk among the major advanced economies (G7) and large emerging economies (BRICS and beyond). With his advisory activities, he monitors more than 40 major advanced and emerging economies worldwide, including the Philippines. Altogether, he monitors some 40 major world economies and a dozen strategic nations. In addition to his advisory activities (www.differencegroup.net), Dr Steinbock is affiliated with the India, China, America Institute (www.icainstitute.org), the Shanghai Institutes for International Studies (China), and the EU Center (Singapore).
