| 18 December 2006, Monday |
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| 8:30 - 9:00 |
Registration and Coffee
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| 9:00 - 9:15 |
Welcoming Remarks
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Session 1. Overview
Session chair: Barry Eichengreen, University of California
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| 09:15 - 10:15 |
Bond Market Development: How much Progress have Emerging Markets Made?
Author: Ricardo Leal and Andre Carvalhal-da-Silva, Coppead Business School
Discussants: Hans Genberg, Hong Kong Monetary Authority
Alicia Garcia-Herrero, Bank for International Settlements
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| 10:15 - 10:45 |
Coffee Break
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| 10:45 - 11:45 |
What Do We Know About Foreign Investment in Local Bond Markets?
Authors: Frank Warnock, University of Virginia and John Burger, Loyola College
Discussant: Michael Devereux, University of British Columbia
Matias Braun, Universidad Adolfo Ibanez (tbc)
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| 11:45 - 12:45 |
Market Discipline, Financial Integration and Fiscal Rules: What Drives Spreads in the Euro Area Government Bond Market?
Author: Simone Manganelli, European Central Bank
Discussant: Frank Packer, Bank for International Settlements
Assaf Razin, Tel Aviv University
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| 12:45 - 14:00 |
Lunch
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Session 2. Making Markets Liquid
Session chair: Eli Remolona, Bank for International Settlements
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| 14:00 - 15:00 |
Transparency and Liquidity in European Bond Markets
Author: Richard Portes, London Business School
Discussant: David Cook, Hong Kong University of Science & Technology
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| 15:00 - 15:30 |
Coffee Break
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| 15:30 - 16:30 |
Why are Latin American Bond Markets Not More Liquid?
Authors: Sara Castallenos, Bank of Mexico and Lorenza Martinez, ITAM
Discussant: Alejandra Marinovic, Central Bank of Chile
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| 16:30 - 17:30 |
Liquidity Conditions in the Malaysian Corporate Bond Market
Authors: Mohd Fairuz Hj Ahmad, Bank Negara Malaysia and Philip Wooldridge, Bank for International Settlements
Discussant: Giorgio Valente, Chinese University of Hong Kong (tbc)
|
| 19 December 2006, Tuesday |
Session 3. Securitization/Derivatives Markets
Session chair: tbc
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| 08:30 - 09:15 |
Morning coffee
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| 09:15 - 10:15 |
Securitization in East Asia and Latin American Compared
Author: Jacob Gyntelberg, Eli Remolona and Camilo Tovar, Bank for International Settlements
Discussant: Joseph Fung, Hong Kong Baptist University (tbc)
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| 10:15 - 10:45 |
Coffee Break
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| 10:45 - 11:45 |
Korean Experience with the Futures Market
Author: Yeong-Ho Woo, Korea Exchange
Discussant: Simone Manganelli, European Central Bank (tbc)
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| 11:45 - 12:45 |
Derivatives Markets in Asia
Author: Olivier Fratzscher, World Bank
Discussant: Cho-hoi Hui, Hong Kong Monetary Authority
Philip Wooldridge, Bank for International Settlements
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| 12:45 - 14:00 |
Lunch
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Session 4. Policy Initiatives
Session chair: Hans Genberg, Hong Kong Monetary Authority
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| 14:00 - 16:30 |
Capital Market Development in Latin America: The Role of Policy
Authors: Matias Braun and Ignacio Briones, Universidad Adolfo Ibanez
Experience with Asian Bond Fund 2
Author: Carmen Chu, Hong Kong Monetary Authority
Bond Marked Developments in China
Author: Haizhou Huang, Barclays Capital
Discussants:
Barry Eichengreen, Univesrity of California
Guonan Ma, Bank for International Settlements
Richard Portes, London Business School
|
| 16:30 |
Conference Ends
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