Globalization Institute Events

Conference on International Linkages in a Globalized World and Implications for Monetary Policy

June 21–22, 2012 Shanghai University of Finance and Economics

Sponsored by
Globalization and Monetary Policy Institute, Federal Reserve Bank of Dallas
Shanghai University of Finance and Economics
Shanghai Institute of Finance and Law

On June 21–22, 2012, the School of International Business Administration of Shanghai University of Finance and Economics (SHUFE) hosted a conference specifically devoted to the study on the impact of globalization on the transmission of shocks across countries and its implications on conducting monetary policy. The conference was jointly organized by the Globalization and Monetary Policy Institute of the Federal Reserve Bank of Dallas, Shanghai University of Finance and Economics, and Shanghai Institute of Finance and Law and will be held at the Shanghai University of Finance and Economics.

Organizing committee:

• Michael Devereux (University of British Columbia)
• Kevin Huang (Vanderbilt University)
• Yuying Jin (Shanghai University of Finance and Economics)
• Jian Wang (Federal Reserve Bank of Dallas)
• Mark Wynne (Federal Reserve Bank of Dallas)

Agenda

Thursday, June 21, 2012
8:30 a.m.	Opening Remarks
	Mark Wynne Vice President and Senior Economist, Federal Reserve Bank of Dallas
	Guofu Tan Dean, School of International Business Administration, SHUFE; Professor of Economics, University of Southern California
	Weigang Fu Executive Director, Shanghai Institute of Finance and Law
Session I: International Trade, Offshoring and International Comovement
Session Chair: Mark Wynne Federal Reserve Bank of Dallas
8:45 a.m.	Antidumping in the Aggregate
	Kim Ruhl New York University, Stern School of Business
	Discussion presentation Discussant: Kadee Russ UC Davis
9:45 a.m.	Factor Proportions and International Business Cycles Presentation
	Keyu Jin LSE Nan Li Ohio State University and IMF
	Discussion presentation Discussant: Wei Liao Hong Kong Institute of Monetary Research
11:00 a.m.	Threatening to Offshore in a Search Model of the Labor Market Presentation
	David Arseneau Federal Reserve Board Sylvain Leduc Federal Reserve Bank of San Francisco
	Discussion presentation Discussant: Bo Chen SHUFE
Session II: International Financial Linkages and Optimal Monetary Policy
Session Chair: Jian Wang Federal Reserve Bank of Dallas
1:30 p.m.	The Optimal Currency Area in a Liquidity Trap
	David Cook HKUST Mick Devereux UBC
	Discussion presentation Discussant: Kevin Huang Vanderbilt University
2:30 p.m.	International Contagion Through Leveraged Financial Institutions Presentation
	Eric van Wincoop University of Virginia
	Discussion presentation Discussant: Scott Davis Federal Reserve Bank of Dallas
3:45 p.m.	Exchange Rate Pass-through, Firm Heterogeneity and Product Quality
	Zhi Yu Shanghai University of Finance and Economics
	Discussion presentation Discussant: Deokwoo Nam City University of Hong Kong
4:45 p.m.	Panel Discussion
	Benhua Wei Chairman, Liu Hongru Financial Education Foundation
	Mark Wynne
6:30 p.m.	Dinner
Friday, June 22, 2012
Session III: Exchange Rates, Optimal Monetary Policy, and Chinese Economy
Session Chair: Benhua Wei Chairman, Liu Hongru Financial Education Foundation
9:00 a.m.	Global Interest Rates, Monetary Policy, and Currency Returns
	Charles Engel, Kennneth West and Mian Zhu University of Wisconsin-Madison
	Discussion presentation Discussant: Shu Lin Fudan University
10:00 a.m.	Demographic Patterns and Household Saving in China Presentation
	Chadwick C. Curtis Notre Dame University Steven Lugauer Notre Dame University Nelson Mark Notre Dame University
	Discussion presentation Discussant: Kang Shi Chinese University of Hong Kong
11:15 a.m.	A Model of China's State Capitalism Presentation
	Xi Li, Xuewen Liu and Yong Wang HKUST
	Discussion presentation Discussant: Jian Wang
12:15 p.m.	Lunch and Adjourn