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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