Academics, market practitioners, and government agencies (particularly central banks) are especially concerned that fluctuations in real estate markets could affect the financial stability through many channels. They include (but not limited to): - wealth effect of households; - collateral...

Preliminary program: - How Do Business Cycles become Global? Common Shocks or Spillovers? - Asian-Pacific Financial Market Interactions with the U.S. and China: A Structural VAR Approach - Foreign Bank Subsidiaries' Default Risk during the Global Crisis: What Factors Help Insulate Affiliates...