Open economy macroeconomic analysis has also developed in the interim. In this conference we would like to explore this development. Topics: ‐ Credit growth and financial frictions in open economy macroeconomics. ‐ Macro‐prudential policy in open economies. ‐ Policy coordination during...

The goal of the workshop is to bring together China experts from central banks, other policy institutions and the private sector to discuss the foremost questions confronting the Chinese economy and their implications for the global economy, with a special interest towards policy-related topics...

Topics: - Renminbi, SDR and international monetary reform - Renminbi internationalization and offshore markets development - China’s capital account liberalization and global financial stability - Impact of China’s monetary policy on the world economy - The influence of China’s reserve...

Topics: - the relationship between the stances of monetary policies, international capital flows and exchange rates; - divergent monetary policies and their implication for global financial stability; - spillovers of major central bank policies to other parts of the world, and the costs and...

Programme: Session 1 - Measuring Bank Competition in China: A Comparison of New Versus Conventional Approaches Applied to Loan Markets - Interest Rate Determination in China: Past, Present and Future - A Model of Chinese Capital Account Liberalisation Session 2 - Learning from a Puzzle: When Can...

Program: SESSION 1: Financial System and Economic Development SESSION 2: Prudential Regulation and Supervision in Asia and the Pacific SESSION 3: Capital Market Development in Asia and Pacific Region PUBLIC EVENT: Financial Development in China and Implications for the Global Economy SESSION 4:...

Programme: - Taming the Real Estate Beast: The Effects of Monetary and Macroprudential Policies on Housing Prices and Credit. By Kenneth Kuttner and Ilhyock Shim* (BIS) - Rental Rate under Housing Price Uncertainty: A Real-Options Approach. By Honglin Wang* (HKIMR), Fan Yu (CMC and SAIF) and...

Programme: - “The Great Recession: A Self-Fulfilling Global Panic” Philippe Bacchetta - “A bargaining theory of trade invoicing and prices” Cedric Tille - “Services and the Dynamics of Female Labor Supply” Joseph Kaboski - “A Microfounded Model of Chinese Capital Account...

Programme: - Recent Performance of the Hong Kong Dollar Foreign Exchange Market and the Linked Exchange Rate System - Transmitting Global Liquidity to East Asia: Dollar Credit in Mainland China and Hong Kong - Rising Mainland Exposure of Hong Kong Banks: Finding the Optimum Level and Assessing...