2004

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About HKIMR
Monetary Research Programmes
Monetary Research Programmes
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Applied Research Programmes
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Publications and Research
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Seminars

20/12/2004

Second HKIMR Workshop on "Research on the Mainland Economy" (conducted in Putonghua)

Hong Kong Institute for Monetary Research (HKIMR)

Second HKIMR Workshop on "Research on the Mainland Economy" (conducted in Putonghua)

20 December 2004 (Monday)

09:00 - 09:20

Registration

09:20 - 09:30

Opening Remarks

Wensheng Peng, Member of the HKIMR Board of Directors

09:30 - 10:30

Speculative Bubbles in the Chinese Stock Markets
Yue Ma, Lingnan University

10:30 - 10:45

Coffee Break

Session Chair : Yue Ma, Lingnan University

10:45 - 11:45

Effectiveness of China's Capital Controls: Some Empirical Evidence
Guonan Ma, Bank for International Settlements

11:45 - 12:45

China's Role in the Current Global Economic Imbalances
Ligang Liu, Research Institute of Economy, Trade and Industry, Japan

12:45 - 14:15

Lunch Break

Session Chair: Guonan Ma, Bank for International Settlements

14:15 - 15:15

Property Rights and Farm Land Appropriation - An Important Issue in China's Urbanisation
Qiren Zhou, Beijing University

15:15 - 15:30

Coffee Break

Session Chair: Shuki Tsang, Hong Kong Baptist University

15:30 - 16:30

Interest Rates in China: Determination and Consequences
David D. Li, Tsinghua University

16:30 - 17:30

A Monetary Condition Index for Mainland China
Wensheng Peng, Hong Kong Institute for Monetary Research

21/11/2004 - 22/11/2004

"Managing Procyclicality of the Financial System: Experiences in Asia and Policy Options"

HKIMR - IMF Conference

"Managing Procyclicality of the Financial System: Experiences in Asia and Policy Options"

21 November 2004 (Sunday) - 22 November 2004 (Monday)

November 21, 2004 (Sunday)

7:00 p.m. - 9:00 p.m.

Welcoming dinner hosted by Joseph Yam, Chairman, Hong Kong Institute for Monetary Research

Venue: The Golden Leaf private room, Conrad International Hotel (Pacific Place, 88 Queensway, Hong Kong)

November 22, 2004 (Monday)

9:30 a.m. - 10:00 a.m.

Registration and Coffee/Tea

10:00 a.m. - 10:15 a.m.

Opening Remarks

10:15 a.m. - 12:15 p.m.

Module 1. "Financial System Procyclicality: Where Do We Stand?"
This module will provide a "theoretical roadmap" of the current debate on financial sector procyclicality. What are the main issues? What are the areas of agreement and disagreement? Which issues remain unresolved or in need of further research?

Presenter : Professor Charles Goodhart, Professor of Economics, London School of Economics
Chair : Joseph Yam, Chairman, Hong Kong Institute for Monetary Research
Panellists : José Viñals, Director General, International Affairs, Banco de España
David Burton, Director, Asia and Pacific Department, International Monetary Fund
William Ryback, Deputy Chief Executive, Hong Kong Monetary Authority

con_paper_0_135_charles-goodhart.pdf

12:15 p.m. - 2:00 p.m.

Lunch hosted by Agustín Carstens, Deputy Managing Director, International Monetary Fund

Venue: American Club, Columbia Room (47/F, Two Exchange Square, Central, Hong Kong)

2:00 p.m. - 4:00 p.m.

Module 2. "Financial System Procyclicality: Asian Issues and Experiences"
This module will focus on issues and experiences in Asia. How can the extent of procyclicality in Asia be assessed? What factors have contributed to procyclicality of the financial system in Asian economies? What actions have country authorities taken to address procyclicality and how successful have these been?

Presenter : Stefan Ingves, Director, Monetary and Financial Systems Department, International Monetary Fund
Chair : Park Yung-Chul, Professor, College of Political Science and Economics, Korea University
Panellists : Tarisa Watanagase, Deputy Governor, Bank of Thailand
Ooi Sang Kuang, Deputy Governor, Bank Negara Malaysia
Han Mingzhi, Director-General, International Department, China Banking Regulatory Commission

con_paper_0_137_stefan-ingves.pdf

4:00 p.m. - 4:15 p.m.

Coffee/Tea

4:15 p.m. - 6:15 p.m.

Module 3. "Financial System Procyclicality in Asia: Policy Options"
The final module will be forward looking, and seek to discuss policy options for addressing procyclicality in the Asian context. Are there possible policy strategies that have not yet been explored? Is the conventional wisdom with respect to the ways in which policy makers can deal with these issues correct? How do we move forward?

Presenters : Glenn Stevens, Deputy Governor, Reserve Bank of Australia
Chair : Agustín Carstens, Deputy Managing Director, International Monetary Fund
Panellists : Andrew Sheng, Chairman, Hong Kong Securities and Futures Commission
Eiji Hirano, Assistant Governor, Bank of Japan
Már Gudmundsson, Deputy Head, Monetary and Economic Department, Bank for International Settlements

con_paper_0_139_glenn-stevens.pdf

6:15 p.m.

Concluding Remarks

13/092004

Second HKIMR Summer Workshop

Hong Kong Institute for Monetary Research (HKIMR)

Second HKIMR Summer Workshop

13 September 2004 (Monday)

1:30 - 1:35 p.m.

Welcoming Remarks

Stefan Gerlach, Hong Kong Institute for Monetary Research

1:35 - 2:35 p.m.

A Simple Model of Optimal Monetary Policy under Financial Constraints
Michael Devereux, University of British Columbia

con_paper_0_125_devereux-paper.pdf

2:35 - 3:35 p.m.

Macroeconomic Volatility, Debt Dynamics, and Sovereign Interest Rate Spreads
Hans Genberg, Graduate Institute of International Studies

con_paper_0_126_genberg-paper.pdf

3:35 - 4:05 p.m.

Coffee Break

4:05 - 5:05 p.m.

Predicting Directional Changes in the UK Interest Rate: The Usefulness of Information from the Taylor Rule Versus a Wider Alternative
Paul Mizen, University of Nottingham

con_paper_0_128_mizen-paper.pdf

5:05 - 6:05 p.m.

Interest Rate Setting by the ECB: Words and Deeds
Stefan Gerlach, Hong Kong Institute for Monetary Research

con_paper_0_129_gerlach-paper.pdf

08/07/2004

Workshop on "Research on the Mainland Economy"

Hong Kong Institute for Monetary Research (HKIMR)

Workshop on "Research on the Mainland Economy"

08 July 2004 (Thursday)

09:00 - 09:20

Registration

09:20 - 09:30

Opening Remarks by Stefan Gerlach

Director, Hong Kong Institute for Monetary Research

09:30 - 10:30

China - 2004 Article IV Briefing
Paul Gruenwald, International Monetary Fund

10:30 - 10:45

Coffee Break

Session Chair: Honghui Cao

10:45 - 11:45

Macroeconomic Conditions and the Behaviour of Regional Governments
Jiechang Xia, Chinese Academy of Social Sciences

con_paper_0_114_xia-summary.pdf

11:45 - 12:45

Macroeconomic Conditions and Policy Issues in the Mainland
Wensheng Peng, Hong Kong Monetary Authority

con_paper_0_115_peng-paper.pdf

12:45 - 14:00

Lunch

Session Chair: Wensheng Peng

14:00 - 15:00

Interest Rate Structure and the Tendency of Interest Rate Policy
Honghui Cao, Chinese Academy of Social Sciences

con_paper_0_118_cao-presentation-english-.pdf

15:00 - 16:00

Modelling the RMB Exchange Rate
Yue Ma, Lingnan University

con_paper_0_119_ma-paper.pdf

16:00 - 16:15

Coffee Break

Session Chair: Yue Ma

16:15 - 17:15

Non-performing Loans: Implications for Banking Reform
Geng Xiao, The University of Hong Kong

con_paper_0_122_xiao-paper-table.pdf

17:15 - 18:15

Estimating Money Demand in China
Janet Kong, Hong Kong Monetary Authority

con_paper_0_123_kong-presentation.pdf

10/05/2004 - 14/05/2004

Joint HKIMR/CCBS Workshop on " Advanced Modelling for Monetary Policy in the Asian-Pacific Region"

Hong Kong Institute for Monetary Research and CCBS of Bank of England

13/04/2004 - 16/04/2004

Course on "Calibration Methods, Industry Applications and Software Examples" by Salih Neftci

Hong Kong Institute for Monetary Research (HKIMR)

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