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...

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...

Topics: • Sources of financial instability • Integrating a system-wide approach into financial regulation • Measurement of systemic risk • Identifying systemically important financial institutions, instruments and markets • Procyclicality in the financial system and countercyclical...

Topics: - China’s growth performance and medium-term prospects - Monetary and fiscal policies in China - China’s trade and financial integration with the world economy - Financial system reform in China - RMB’s role in the international monetary system - Hong Kong’s role in China’s...