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Thursday, January 19, 2006


                08:00-09:00       Registration                                   Swissotel Fuji Ballroom

                WELCOMING AND OPENING REMARKS

                09:00-09:15         Süreyya Serdengeçti,                  Governor, Central Bank of The Republic of Turkey


                KEYNOTE SPEECHES

                09:15-09:45         Alan Bollard,                                Governor, Reserve Bank of New Zealand

                09:45-10:15         Ali Babacan,                                 Minister of State for Economy

                10:15-10:45         Coffee break



                SESSION 1: CONCEPTUAL FRAMEWORK

                Chairman:          Fatih Özatay,                                Vice Governor, Central Bank of Turkey

                10:45-11:30      A Brief History of the Conceptual and Practical Development of IT
                                            Charles Freedman ,                     Scholar in Residence, Economics Department, Carleton University;
                                                                                                Former Deputy Governor, Bank of Canada


                11:30-12:15      Independence and Accountability in IT; Concepts and UK Experience
                                            Mario Blejer,                               Director, Center for Central Banking Studies, Bank of England; former Governor,Central Bank of Argentina
                                            Gill Hammond,                             Deputy Director, Center for Central Banking Studies, Bank of England

                12:15-13:45       Lunch                                           Asuka Room


                SESSION 2: OPERATIONAL FRAMEWORK

                Chairman:          Erdem Başçı,                                Vice Governor, Central Bank of Turkey

                13:45-14:30       Monetary Policy Under Inflation Targeting: The Chilean Experience
                                            Manuel Marfan,                           Board Member, Central Bank of Chile

                14:30-15:15       The Decision Making Under IT: The Polish Experience
                                            Leszek Balcerowicz,                   Governor, Central Bank of Poland

                15:15-15:45       Coffee break

                15:45-16:30       The Communication Policy in IT: The Czech Experience
                                            Zdenek Tuma ,                             Governor, Czech National Bank

                16:30-17:15       Strategic Issues in IT: The South African Experience
                                            Monde Mnyande,                         Executive General Manager, South African Reserve Bank


            Friday, January 20, 2006


                SESSION 3: CHALLENGES FOR EMERGING MARKET ECONOMIES

                Chairman:          Şükrü Binay,                                  Vice Governor, Central Bank of Turkey

                09:00-09:45       Building Credibility Under High Exchange Rate Volatility and High Debt: The Brazilian Case
                                            Pedro Fachada,                            Head of Economic Relations Department, Banco Central do Brasil

                09:45-10:30      Targeting Inflation in Dollarized Economies
                                            Leonardo Leiderman,                   Professor, University of Tel-Aviv

                10:30-11:00       Coffee break

                11:00-11:45       Early Stages of IT: The Romanian Experience
                                            Mirela Roman ,                             Advisor to the Governor, National Bank of Romania

                12:00-13:30       Lunch                                           Asuka Room


                SESSION 4: CHALLENGES FOR IT IN TURKEY


                13:30-14:15       Four-Year Experience of “Implicit Inflation Targeting” & Prospects for Formal IT
                                            Fatih Özatay ,                              Vice Governor, Central Bank of The Republic of Turkey

                14:15-14:45       Coffee break

                14:45-16:15       Panel Discussion: Lessons for Making IT in Turkey a Success
                                            Chair, Süreyya Serdengeçti ,      Governor, Central Bank of The Republic of Turkey
                                            Alan Bollard,                                Governor, Reserve Bank of New Zealand
                                            Zdenek Tuma,                              Governor, Czech National Bank
                                            Pedro Fachada,                            Head of Economic Relations Department, Banco Central do Brasil


                16:15-16:30       Concluding Remarks
                                            Süreyya Serdengeçti ,                Governor, Central Bank of The Republic of Turkey


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