Colorado State Hosts Forum on Asian Financial Crisis Feb. 20

A panel of national experts will hold a public forum Feb. 20 to discuss the potential effects of Asia’s financial crisis on the United States and Colorado economies.

The forum, sponsored by Colorado State University’s department of economics, begins at 3 p.m. in Room A-207 of the Clark Building on campus. The forum is free and open to the public.

Panelists include Philip F. Bartholomew, director of the bank research division of the Office of the Comptroller of the Currency at the U.S. Treasury Department; Colorado State economics professors Liang-Shing Fan, an authority on Chinese and Taiwanese economies and Terry Ozawa, an expert on Japanese and Korean economies; and John Olienyk, associate professor of finance and real estate who will focus on Thailand and Indonesia’s economic situations. Panel moderator is economics Professor Ronnie Phillips.

Panel members will give brief statements in the area of their expertise, followed by a question and answer period with the audience.

The forum will address how Asia’s financial problems may affect the economies of the United States and Colorado and whether U.S. taxpayers will ultimately pay for the bailout of Asian countries in financial crisis. Panel members also will explore whether the United States should support the policy role of the International Monetary Fund in economic crises, if interest rates will be affected and how future financial crises could be avoided in the future.

"The Asian financial crisis has widespread implications both here and abroad," Phillips said. "This forum provides a wonderful opportunity for local businesses and the public to understand the dynamics of this situation and how it may affect certain sectors of the U.S. and Colorado economies."

For more information about the forum, call (970) 491-6079. To learn more about Asia’s financial crisis, call Liang-Shing Fan at (970) 491-5336; Terry Ozawa at (970) 491-6075; or Olienyk at (970) 491-5673.