Hearing on “China’s Financial System and Monetary Policies: The Impact on U.S. Exchange Rates, Capital Markets, and Interest Rates”
August 22, 2006
Russell Senate Office Building, Room 385
Washington, D.C.
Hearing Co-Chairs: Chairman Larry Wortzel and Commissioner Patrick Mulloy
10:00 – 10:15 Commissioners’ Opening Statements
10:15 – 11:30 Panel I – The Condition of China’s Financial System
- Mr. Gordon Chang, Author, Bedminster, NJ
- Mr. Michael Petit, Managing Director, Credit Market Services, Standard and Poor’s, Tokyo, Japan
- Dr. Kellee Tsai, Associate Professor, Department of Political Science, Johns Hopkins University, Baltimore, MD
11:30 – 12:45 Panel II – China’s WTO Financial Sector Commitments
- Mr. Steve Judge, Senior Vice President Government Affairs, Securities Industry Association, New York, NY
- Ms. Vickie Tillman, Executive Vice President, Credit Market Services, Standard & Poor’s, New York, NY
- Mr. John Dearie, Senior Vice President for Policy and Research, The Financial Services Forum, Washington, DC
12:45 – 1:45 Closed Lunch Break
1:45 – 3:00 Panel III – China’s Monetary Policy, Capital Controls, and Exchange Rates
- Dr. Ronald McKinnon, William D. Eberle Professor of International Economics, Stanford University, Stanford, CA
- Dr. Bradley Setser, Head of Global Research and Senior Economist, Roubini Global Economics, New York, NY
- Dr. C. Fred Bergsten, Director, Institute for International Economics, Washington, DC
3:00 – 4:30 Panel IV – The Macroeconomic Impact of Chinese Financial Policies on the United States
- Dr. Peter Morici, Professor of International Business, University of Maryland, College Park, MD
- Dr. James Dorn, Vice President of Academic Affairs, The CATO Institute, Washington, DC
- Dr. Phillip Swagel, Resident Scholar, AEI, Washington, DC