Authors, please upload your paper here.

 

24th Annual East Asian Seminar on Economics

 

Crises in the Open Economy

 

Takatoshi Ito and Andrew Rose, Organizers

 

 

 

June 21-22, 2013

 

Te Raukura (Wharewaka)
Makaro Room
Odlins Square, Taranaki St Wharf
Wellington Waterfront
New Zealand

 

Hosted by Victoria University of Wellington, School of Economics and Finance
Martin Berka, Local Organizer

 

Local Sponsors: Victoria University of Wellington, Reserve Bank of New Zealand and the Treasury of New Zealand

 

 

PROGRAM

 

Participant List

 

Thursday, June 20:

 

 

7:00 pm

Opening Reception at Bolton Hotel

 

 

 

 

Friday, June 21:

 

7:30 am

Continental Breakfast at Bolton Hotel

 

9:00 am

Kristin Forbes, Massachusetts Institute of Technology and NBER
(with Marcel Fratzscher and Roland Straub)

 

Capital Controls and Prudential Measures: What are They Good For?

 

 

Discussants:  Enzo Cassino, New Zealand Treasury

 

Chia-Ying Chang, Victoria University of Wellington    SLIDES

10:00 am

Coffee Break

 

10:30 am

Wenlan Qian, National University of Singapore
(with Yuming Fu and Bernard Yeung)
Transaction Tax and Housing Market Speculators

 

 

Discussants:  Sarah Daway, University of the Philippines
Kathryn Dominguez, University of Michigan and NBER

 

11:30 am

Yothin Jinjarak, University of London

 

Ilan Noy, Victoria University of Wellington

 

Huanhuan Zheng, Chinese University of Hong Kong

 

Capital Controls in Brazil: Stemming a Tide with a Signal?

Discussants:  Kristin Forbes, Massachusetts Institute of Technology and NBER
Wenlan Qian, National University of Singapore

12:30 pm

Lunch

 

1:30 pm

Dongchul Cho, Korea Development Institute

 

(with Changyong Rhee)

 

Effects of Quantitative Easing on Asia: Capital Flows and Financial Markets

 

 

Discussants:  Chedtha Intaravitak, TDRI

 

Maria Monica Wihardja, CSIS     SLIDES

2:30 pm

Coffee Break

 

3:00 pm

Pengfei Wang, Hong Kong University of Science and Technology

 

(with Jianjun Miao and Zhiwei Xu)

 

A Bayesian DSGE Model of Stock Market Bubbles and Business Cycles

 

 

Discussants:  Sarah Daway, University of the Philippines

 

Christoph Thoenissen, Victoria University of Wellington

4:00 pm

Kathryn Dominguez, University of Michigan and NBER

 

Exchange Rate Implications of Reserve Changes

 

 

Discussants:  Martin Bodenstein, National University of Singapore

 

Anella Munro, Reserve Bank of New Zealand    SLIDES

 

5:00 pm

Adjourn

 

6:30 pm

Drinks and Dinner at Shed 5 Restaurant and Bar - Wellington Waterfront

 

 

Saturday, June 22:

 

7:30 am

Continental Breakfast at Bolton Hotel

 

9:00 am

Chung-Shu Wu, CIER

 

(with Ju-Yin Tang)

 

Trade Credit, Bank Credit and Financial Crises: The Case of Taiwan

 

 

Discussants:  Andrew Rose, University of California at Berkeley and NBER

 

Maria Monica Wihardja, CSIS

 

10:00 am

Coffee Break

 

10:30 am

Kosuke Aoki, University of Tokyo
(with Kalin Nikolov)
Financial Disintermediation and Financial Fragility

 

 

 

Discussants:  Martin Bodenstein, National University of Singapore

 

Chia-Ying Chang, Victoria University of Wellington    SLIDES

11:30 am

Cody Yu-Ling Hsiao, Australian National University

 

(with Joshua Chan and Renée Fry-McKibbin)

 

A Regime Switching Skew-Normal Model for Measuring Financial Crisis and Contagion

 

12:30 pm

Lunch

 

 

1:30 pm

Bo Zhao, Peking University

 

Rational Housing Bubble

 

 

Discussants:  Andrew Coleman, New Zealand Treasury

 

Tokuo Iwaisako, Hitotsubashi University

 

2:30 pm

Afternoon Tea

2:45 pm

Maurice Obstfeld, University of California at Berkeley and NBER

 

Finance at Center Stage: Some Lessons of the Euro Crisis

 

 

 

Discussants:  Chedtha Intaravitak, TDRI

 

Martin Berka, Victoria University of Wellington    SLIDES

3:45 pm

Tokuo Iwaisako, Hitotsubashi University
Preparing for the Next Crisis in JGB Market

Discussants:  Kosuke Aoki, University of Tokyo
Enzo Cassino, New Zealand Treasury

4:45 pm

Adjourn

 

 

 

 

 

 

 

 

FORMAT

The meeting format for each paper will be a 20-minute presentation by the author, followed by two 10-minute discussions. The remaining time will be for general discussion and author response.



 

Map and Directions to conference venue  http://goo.gl/maps/DI2ep

 

 

 

 

 

 

 

 

 

 

 

 

Standing Co-Organizer Institutions:

National Bureau of Economic Research, Inc.

Australian National University

China Center for Economic Research

Chung-Hua Institution for Economic Research

Hong Kong University of Science and Technology

Korea Development Institute

National University of Singapore

Tokyo Center for Economic Research