In August 1997, after financial crisis had broken out in Thailand, Japanese officials proposed the establishment of an Asian Monetary Fund (AMF). The proposal encountered a number of obstacles, the most formidable of which was opposition by the United States and the IMF. Consequently, Japanese officials aborted the initiative. However, the notion of an AMF resurfaced in a variety of forms thereafter,. Most recently, a network of bilateral currency swap arrangements has begun to emerge among the ASEAN + 3 nations under the auspices of the May 2000 Chiang Mai Initiative. This talk will examine the political dynamics surrounding the Japanese Government's initial proposal for the creation of an AMF in 1997, and the arrangements that have emerged in its place. In doing so, the talk will attempt to draw out the significance of the AMF idea, its institutional evolution for the U.S.-Japan bilateral relationship, and for U.S. and Japanese roles in multilateral financial institutions today.

While Asia and Europe's bilateral links with the United States are deep, ties between Europe and Asia need to be strengthened. In the aftermath of the Asian economic crisis and Europe's focus on issues closer to home (European single currency and the enlargement process), is the building of a new Asia-Europe partnership a priority for the European Union? Can the Asian economic crisis serve as a window of opportunity for closer and lasting economic cooperation between Asia and Europe? How can Europe assist in the implementation of economic reform programs and the process of market liberalization? What is the future of enhanced EU-Asia political cooperation in the areas of the environment, crime and drugs, terrorism, and human rights? How can Europe and Asia best pursue their common interests in arms control, disarmament, and non-proliferation? Professor Rinsche has had a distinguished career in German and European politics spanning more than three decades: as a member of the German Parliament (1965-1972) and a member of the European Parliament for twenty years (1979-1999). He was president of the EP-Delegation for ASEAN, South-East Asia, and South Korea (1979-1999), and chairman of the CDU/CSU-Group from 1989-1999. He is currently president of the Konrad Adenauer Foundation, a German political foundation promoting civic education in Germany and democracy and development abroad. Professor Rinsche will have just returned from an extended trip to South-East Asia and China and will share his recent insights in the current situation in that region.

Bennett Freeman served as Deputy Assistant Secretary of State for Democracy, Human Rights and Labor under the Clinton Presidency. He has been involved in many official diplomatic dialogues and negotiations around the world, including settlements on Holocaust reparations, and recently, the U.S.-British initiative on the Voluntary Principles on Security and Human Rights, which aim to ensure that company security arrangements in the extractive sectors are consistent with international human rights standards. The Voluntary Principles were developed through a year-long dialogue and were welcomed by major American and British oil and mining companies as well as NGOs.

His Excellency Sung Chul Yang, Ambassador of the Republic of Korea to the United States, is a well-known political scientist and author with a long and distinguished career in academia and politics. From 1996 to the time of his posting in Washington, Ambassador Yang served as a member of the Korean National Assembly. He also served as president of the Unification and Policy Forum, and chairman of the International Cooperation Committee for the National Congress for New Politics during this period. He worked as vice chair of the Unification and Foreign Affairs Committee, and was a member of the Political Reform Committee. Most recently, Ambassador Yang served as an executive member of the New Millennium Democratic Party's 21st Century National Affairs Advisory Committee. Outside of the National Assembly, Ambassador Yang has been involved in government and politics for many years. He served as the secretary-general of the Association of Korean Political Scientists in North America and as president of the Korean Association of International Studies. He has also been a member of the Advisory Committees of the Ministry of Foreign Affairs, the Ministry of National Defense, and the National Unification Board. In addition to his involvement in government, Ambassador Yang has had a successful career in academia. He was a professor at Eastern Kentucky University from 1970-75 and at the University of Kentucky from 1975-86. He has been a visiting professor at Northwestern University, Pembroke State University, Indiana University, and Seoul National University. From 1987-94 Ambassador Yang held the position of dean of Academic Affairs at the Graduate Institute of Peace Studies at Kyung Hee University in Seoul. Ambassador Yang is the author of several books on Korean issues, including The North and South Korean Political Systems: A Comparative Analysis (Westview, 1994). He is also a much sought after contributor to many political science journals. He has been interviewed often by leading newspapers, magazines and radio stations from around the world. Ambassador Yang received his doctorate in Political Science from the University of Kentucky (1970), earlier receiving an MA from the University of Hawaii (1967), and a BA from Seoul National University (1964). From 1960-62 he served in the Korean Army.

Dennis Harter is a career member of the Senior Foreign Service and a Foreign Service Officer (since 1966) specializing in Asian Affairs. From 1968-1970, he served as a district senior advisor in the Mekong Delta, then as deputy director for Vietnam, Laos, and Cambodia Affairs in the late 1970s. He has served as director of Burma, Cambodia, Laos, Thailand, and Vietnam Affairs during the period of normalization of relations with Vietnam, and as deputy chief of Mission (Deputy Ambassador) from August 1997 to the present. He also served in Hong Kong twice; in Taiwan and Indonesia, and was Consul General in Guangzhou, People's Republic of China from 1989-1993.