Authors, please upload your paper here.

 

National Bureau of Economic Research

Australian National University

Hong Kong University of Science and Technology

China Center for Economic Research

Chung-Hua Institution for Economic Research

Korea Development Institute

National University of Singapore

Tokyo Center for Economic Research

 

 

21st Annual East Asian Seminar on Economics

 

A Pacific Rim Perspective on the Financial Crisis

 

June 25-26, 2010

 

Renee Fry, Takatoshi Ito, Christopher Kent, and Andrew Rose, Organizers

 

Reserve Bank of Australia

HC Coombs Centre

122a Kirribilli Avenue

Kirribilli, New South Wales 2061

Australia

 

PROGRAM

 

Thursday, June 24:

 

6:15 pm             Departure from HC Coombs Centre for Sydney Harbour Dinner Cruise

                        (Boards at Circular Quay)

 

Friday, June 25:

 

7:15 am             Breakfast for those staying at the HC Coombs Centre

 

8:30 am             Coffee

 

                        Chair:  Andrew Rose

 

9:00 am             Michael Devereux, University of British Columbia and NBER

                        James Yetman, Bank for International Settlements

Financial Contagion and Vulnerability of Asian Financial Markets

 

Discussants:

Pedro Gomis-Porqueras, Australian National University

Mark Wright, UC, Los Angeles and NBER

 

10:15 am           Break

 

10:45 pm           Warwick McKibbin, Australian National University

                        Andrew Stoeckel, Australian National University

                        Modelling the Impact of the Global Financial Crisis on World Trade

 

                        Discussants:

                        Yongheng Deng, National University of Singapore   COMMENTS

                        Gordon Menzies, University of Technology, Sydney   COMMENTS

                                                                                                            COMMENTS

 

12:00 pm           Lunch

 

                        Chair:  Takatoshi Ito

 

1:00 pm             Jonathan Eaton, Pennsylvania State University and NBER

Sam Kortum, University of Chicago and NBER

Brent Neiman, University of Chicago

John Romalis, University of Chicago and NBER

                        Trade and the Global Recession

 

                        Discussants:

                        Andrew Rose, UC, Berkeley and NBER  COMMENTS

                        Nao Sudo, Bank of Japan   COMMENTS    SLIDES

 

2:15 pm             Bih Jane Liu, Chung-Hua Institution for Economic Research

Why World Exports are so Susceptible to the Economic Crisis – The Prevailing “Export Overshooting” Phenomenon Especially in Taiwan

 

                        Discussants: 

                        Chatib Basri, University of Indonesia

                        David Hargreaves, Reserve Bank of New Zealand

 

3:30 pm             Break

 

                        Chair:  Renee Fry

 

4:00 pm             Jiandong Ju, Tsinghua University

                        Shang-Jin Wei, Columbia University and NBER

                        Are Trade Liberalizations a Source of Global Imbalances?

 

                        Discussants:

                        Jonathan Eaton, Pennsylvania State University and NBER

                        James Yetman, Bank for International Settlements   COMMENTS

 

5:15 pm             Ippei Fujiwara, Nao Sudo, and Yuki Teranishi, Bank of Japan

                        Tomoyuki Nakajima, Kyoto University

                        Global Liquidity Trap

           

Discussants:

                        Joshua Aizenman, UC, Santa Cruz and NBER

                        Yiping Huang, CCER

 

6:30 pm             Adjourn

 

7:00 pm             Dinner - HC Coombs Centre (Top Floor)

 

 

Saturday, June 26:

 

7:15 am             Breakfast for those staying at the HC Coombs Centre

 

8:30 am             Coffee

 

                        Chair:  Christopher Kent

 

9:00 am             Yiping Huang, CCER

                        China's Monetary Systems and Economic Performance during the Global Crises: From Great Depression to Great Crash

 

                        Discussants:

                        Adam Cagliarini, Reserve Bank of Australia

                        Bernard Yeung, National University of Singapore

 

10:15 am           Break

 

10:45 am           Joshua Aizenman, UC, Santa Cruz and NBER

                        Yothin Jinjarak, Nanyang Technological University

                        Donghyun Park, Asian Development Bank

                        International Reserves and Swap Lines: Substitutes or Complements?

 

                        Discussants: 

                        Kevin Davis, University of Melbourne

                        Stephen Grenville, Lowy Institute for International Policy   COMMENTS

 

12:00 pm           Lunch

 

                        Chair:  Andrew Rose

 

1:00 pm             Paul Bloxham, Reserve Bank of Australia

                        Christopher Kent, Reserve Bank of Australia

                        Michael Robson, Reserve Bank of Australia

                        Asset Prices, Credit Growth and Monetary Policy:  An Australian Case Study

 

                        Discussants:

                        Takatoshi Ito, University of Tokyo and NBER

                        Kwanho Shin, Korea University

 

2:15 pm             Hyun Song Shin, Princeton University

                        Kwanho Shin, Korea University

                        Procyclicality and Monetary Aggregates

 

                        Discussants:

                        Michael Devereux, University of British Columbia and NBER

                        Somchai Jitsuchon, TDRI   COMMENTS

 

3:30 pm             Break

 

                        Chair:  Takatoshi Ito

 

4:00 pm             Shin-ichi Fukuda, University of Tokyo

 Market-Specific and Currency-Specific Risk during the Global Financial Crisis: Evidence from the Interbank Markets in Tokyo and London

 

                        Discussants:

Vance Martin, University of Melbourne

                        Shu-Ping Shi, Australian National University   COMMENTS

 

 

5:15 pm             Yongheng Deng, Jing Wu, and Bernard Yeung, National University of Singapore

                        Randall Morck, University of Alberta and NBER

Monetary and Fiscal Stimuli, Ownership Structure and China’s Housing Market

 

                        Discussants:

                        Shin-ichi Fukuda, University of Tokyo

                        Jiandong Ju, Tsinghua University   COMMENTS

 

6:30 pm             Adjourn

 

Free Night

 

 

Sunday, June 27:

 

Continental Breakfast and Bus Trip to Featherdale Wildlife Park and the Blue Mountains

Details to be announced

 

 

 

 

 

COOMBS CENTRE & SYDNEY INFORMATION

 

AREA MAP

 

 

 

 

 

 

 

 

 

 

 

6/21/10