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International Conference on Capital Flows and Safe Assets

May 26–27, 2013 · Fudan University, Shanghai

Sponsored by
Shanghai Forum Financial Research Centre, Fudan University, Federal Reserve Bank of Dallas, Centre for Economic Policy Research, Graduate Institute of International and Development Studies

  • Agenda
  • Photos

Agenda

May 26

8:15 a.m.

Opening Remarks
Lijian Sun (Financial Research Center, Fudan University)
Mark Wynne (Federal Reserve Bank of Dallas)
Richard Portes (London Business School and CEPR)

8:30 a.m.

Welcome and Opening
The Safe Asset Meme Keynote Speech
Richard Portes (London Business School and CEPR)
Presentation
PDF

Session I: Safe Assets and Shadow Banking
Session Chair: Hans Genberg (International Monetary Fund)

9:30 a.m.

Global Safe Assets
Pierre-Olivier Gourinchas (UC Berkeley and CEPR)
PresentationPDF

10:30 a.m.

The U.S. Dollar Safety Premium
Matteo Maggiori (NYU Stern)
PresentationPDF | PaperPDF

11:15 a.m.

Velocity of Pledged Collateral
Manmohan Singh (International Monetary Fund)
PresentationPowerpoint | PaperPDF

Session II: Capital Flows and Portfolio Choice
Session Chair: Enrique Martínez-García (Federal Reserve Bank of Dallas)

2 p.m.

A Micro-founded Model of Chinese Capital Account Liberalization
Paul Luk (Hong Kong Institute of Monetary Research)
PresentationPowerpoint | PaperPDF

3 p.m.

Coincident Indicators of Capital Flows
Yanliang Miao (International Monetary Fund)
PresentationPDF | PaperPDF

3:45 p.m.

Monetary Policy, Credit Constraints and International Trade
Shu Lin (Fudan University)
PresentationPDF | PaperPDF

May 27

Session III: Global Assets and Prices Session
Chair: Shu Lin (Fudan University)

8:45 a.m.

World Asset Markets and Global Liquidity
Helene Rey (London Business School and CEPR)
PresentationPDF

9:45 a.m.

The External Balance Sheets of China and Returns Differentials
Yi Huang (Graduate Institute of International Studies and Development)
PresentationPDF

10:45 a.m.

The Effects of Surprise and Anticipated Technology Changes on International Relative Prices and Trade
Jian Wang (Federal Reserve Bank of Dallas)
PresentationPDF | PaperPDF

1:15 p.m.

Keynote Speech: Finance at Center Stage: Some Lessons of the Euro Crisis
Maurice Obstfeld (UC Berkeley and CEPR)
PresentationPDF | PaperPDF

2:45 p.m.

Panel Discussion I: Unconventional Monetary Policies in U.S. and Eurozone and Monetary Policy in China
Chair: Mark Wynne (Federal Reserve Bank of Dallas)
Xiaoling Wu (Former deputy governor of the People's Bank of China, Tsinghua University)
PresentationPowerpoint
John Rogers (Federal Reserve Board)
PresentationPDF
Lars Oxelheim (International Business and Finance at the Lund Institute of Economic Research, Lund University)
Lijian Sun (Financial Research Center, Fudan University)
PresentationPDF

4 p.m.

Panel Discussion II: Safe Assets and Capital Flows
Chair: Helene Rey (London Business School and CEPR)
Yongding Yu (Former Member of Monetary Policy Committee, Chinese Academy of Social Sciences)
Steven Kamin (Federal Reserve Board)
PresentationPowerpoint
Hans Genberg (Assistant Director, International Monetary Fund)
PresentationPDF
Pierre-Olivier Gourinchas (UC Berkeley and CEPR)
PresentationPDF

5:15 p.m.

Panel Discussion III: China and Global Financial Crisis: Implications and Future Perspective
Chair: Richard Portes (London Business School and CEPR)
Benhua Wei (Liu Hongru Finance Education Foundation)
Chun Chang (Advanced Finance Institute of Shanghai Jiao Tong University)
Alexandre Swoboda (Graduate Institute of International Studies and Development)
PresentationPowerpoint

6:30 p.m.

Closing Remarks
Mark Wynne (Federal Reserve Bank of Dallas)
Richard Portes (London Business School and CEPR)
LiJian Sun (Financial Research Center, Fudan University)

Conference Photos


 

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