Monday, 1 December |
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09:00 - 09:15 |
Welcome
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Session 1: The Argentine Crisis
Chair: Stefan Gerlach (HKMA, HKIMR, and CEPR)
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09:15 - 10:30 |
The Art of Exiting a Peg
Ahmet Asici (Graduate Institute of International Studies)
Charles Wyplosz* (Graduate Institute of International Studies and CEPR)
Discussant: Robert McCauley (BIS, Asian Office)
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10:30 - 10:45 |
Coffee
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10:45 - 11:45 |
Presentation: Why the Argentine Currency Board Collapsed?
Mario Blejer (CCBS, Bank of England)
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11:45 - 12:45 |
Panel Session: Lessons from Argentine
Panel Session: Lessons from Argentine
Chair: Richard Wong (HKU)
Panelists: Mario Blejer (CCBS, Bank of England)
Andrew Sheng (Secutities and Futures Commission)
Charles Wyplosz (Graduate Institute of International Studies and CEPR)
Joseph Yam (HKMA)
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12:45 - 14:00 |
Lunch
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Session 2: Deflation
Chair: Shu-ki Tsang (HKBU)
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14:00 - 15:15 |
Price Formation and Deflation in Hong Kong
Hans Genberg (Graduate Institute of International Studies)
Discussant: Guy Meredith (IMF)
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15:15 - 15:30 |
Coffee
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15:30 - 16:45 |
Deflation in Asia: A Panel Data study
Stefan Gerlach (HKIMR and CEPR)
Raphael Lam (UCLA)
Wensheng Peng* (HKMA)
Discussant: Parisun Chantanahom (Bank of Thailand)
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16:45 - 17:00 |
Break
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17:00 - 18:15 |
Regional Currencies
Xavier Debrun (IMF)
Discussant: David Cook (HKUST)
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19:00 |
Conference Dinner hosted by Joseph Yam, Chief Executive of the Hong Kong Monetary Authority and Chairman of the Board, Hong Kong Institute for Monetary Research
(Venue: China Club, Room 142-145, 14/F, The Old Bank of China Building, Bank Street, Central)
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Tuesday, 2 December
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Session 3: Capital Flows
Chair: Alan Siu (HKU)
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09:15 - 10:30 |
International Financial Adjustment
Pierre-Olivier Gourinchas
Hélene Rey* (Princeton University and CEPR)
Discussant: Philip Lane (Trinity College, Dublin and CEPR)
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10:30 - 10:45 |
Coffee
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10:45 - 12:00 |
Inadequacy of Capital Flows from Rich to Poor Countries: The Role of Set-up Costs
Assaf Razin* (Tel Aviv University; Cornell University and CEPR)
Yona Rubinstein (Tel Aviv University)
Efraim Sadka (Tel Aviv University)
Discussant: Hélene Rey (Princeton University)
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12:00 - 13:30 |
Lunch
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Session 4: Price Formation
Chair: Charles Wyplosz (GIIS, Geneva and CEPR)
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13:30 - 14:45 |
Real Exchange Rates under Nominal Pegs
Philip Lane (Trinity College, Dublin and CEPR)
Discussant: Hans Genberg (Graduate Institute of International Studies)
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14:45 - 15:00 |
Coffee
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15:00 - 16:15 |
Monetary Policy and Exchange Rate Passthrough: Theory and Empirics
Michael Devereux (University of British Columbia and CEPR)
James Yetman* (University of Hong Kong)
Discussant: Assaf Razin (Tel Aviv University, Cornell University and CEPR)
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16:15 - 16:30 |
Break
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16:30 - 17:45 |
The Open-Economy Phillips Curve: 'New Keynesian' Theory and Evidence
Prakash Loungani (IMF)
Assaf Razin (Tel Aviv University, Cornell University and CEPR)
Chi-Wa Yuen* (University of Hong Kong)
Discussant: Xavier Debrun (IMF)
Organizers:
Stefan Gerlach (HKMA, HKIMR, CEPR)
Alan Siu (HIEBS, University of Hong Kong)
Charles Wyplosz (GIIS, Geneva and CEPR)
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