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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

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
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
Presentation
10:30 a.m. The U.S. Dollar Safety Premium
Matteo Maggiori, NYU Stern
Presentation | Paper
11:15 a.m. Velocity of Pledged Collateral
Manmohan Singh(International Monetary Fund
Presentation | Paper
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
Presentation | Paper
3 p.m. Coincident Indicators of Capital Flows
Yanliang Miao, International Monetary Fund
Presentation | Paper
3:45 p.m. Monetary Policy, Credit Constraints and International Trade
Shu Lin, Fudan University
Presentation | Paper
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
Presentation
9:45 a.m. The External Balance Sheets of China and Returns Differentials
Yi Huang, Graduate Institute of International Studies and Development
Presentation
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
Presentation | Paper
1:15 p.m. Keynote Speech: Finance at Center Stage: Some Lessons of the Euro Crisis
Maurice Obstfeld, UC Berkeley and CEPR
Presentation | Paper
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
Presentation
John Rogers, Federal Reserve Board
Presentation
Lars Oxelheim, International Business and Finance at the Lund Institute of Economic Research, Lund University
Lijian Sun, Financial Research Center, Fudan University
Presentation
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
Presentation
Hans Genberg, Assistant Director, International Monetary Fund
Presentation
Pierre-Olivier Gourinchas, UC Berkeley and CEPR
Presentation
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
Presentation
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

Photo 1

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