Date: 4 June 2008
Time: 9:00 AM to 12:00 NN
Venue: Global Distance Learning Center, Asian Institute of Management
Oil Price Volatility, Economic Impacts, and Risk Management
The World Bank Institute (WBI) and the Global Development Learning Network, in cooperation with the AIM-Policy Center and the AIM-World Bank Development Resource Center (AIM-WB DRC) organized a videoconference seminar on Oil Price Volatility, Economic Impacts, and Risk Management in Asia, at the AIM-WB Global Distance Learning Center, ground floor of the Asian Institute of Management, Makati City, on June 4, 2008.
The seminar sought to discuss the continuous rise in oil prices as well as the worsening global financial turbulence which resulted in uncertainty and higher risks. Specifically, it also endeavored to p rovide better understanding of the driving forces of oil-price volatility, their impact on the global economy, and price outlook in the next 15-20 years, and provide awareness on policy options to mitigate the risks using financial market instruments.
The seminar featured experts from the Institute of Energy Economics (IEE, Japan) , United States Energy Information Administration (EIA), George Washington University, Goldman Sachs International of London, and the World Bank who covered the following topics:
- High and volatile oil prices: Impact on capital flows and the global economy
- Looking into the future: Are High and Volatile Oil Prices Here to Stay?
- What is to be done? Policy options to cope with oil price volatility
Some of the officials from the government, energy-intensive sectors and financial institutions, analysts, researchers, and practitioners from the development community attended and audiences from Indonesia, China, and Japan also participated in the seminar.