2007

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11/10/2007 - 12/10/2007

The Fifth HKIMR Conference on the Mainland Economy: "Analysing, Modelling and Forecasting Macroeconomic Fluctuations in Mainland China"

Hong Kong Institute for Monetary Research (HKIMR) and Wang Yanan Institute for Studies in Economics (WISE)

The Fifth HKIMR Conference on the Mainland Economy: "Analysing, Modelling and Forecasting Macroeconomic Fluctuations in Mainland China"

11 October 2007 (Thursday) - 12 October 2007 (Friday)

11 October 2007, Thursday

08:30 - 09:00

Coffee reception and registration

09:00 - 09:10

Opening Remarks

Peter Pang, Deputy Chief Executive
Hong Kong Monetary Authority

CHEN Goujin, Assistant Dean
WISE, Xiamen Univeristy

Session 1

Session Chair: HE Dong, Hong Kong Monetary Authority

09:10 -09:45

"Lessons from ten years of macroeconomic forecasting in China"

by WANG Tongshan, Institute of Quantitative Economics, Chinese Academy of Social Sciences (no discussant for this speech)

09:45 - 10:45

"A Dynamic Stochastic General Equilibrium (DSGE) model for monetary policy in China"

by LIU Bin, Research Bureau, People's Bank of China
Discussant: ZHU Feng, Bank for International Settlements

10:45 - 11:15

Coffee Break

11:15 -12:15

"A three-equation new Keynesian model for monetary policy analysis in China"

by LIU Li-gang and ZHANG Wenlang, Research Department, Hong Kong Monetary Authority
Discussant: ZHU Feng, Bank for International Settlements

12:15 - 13:45

Lunch

Session 2

Session Chair: SIN Chor-yiu, WISE, Xiamen University

13:45 - 14:45

"Foreign reserve shocks, sterilization and macroeconomic fluctuation in China"

by QIAN Hang, SONG Zheng and SUN Lijian, School of Economics, Fudan University
Discussant: Stephen Green, Standard Chartered Bank

14:45 - 15:45

"Food prices and inflation in China"

by Kevin CHENG, Research Department, International Monetary Fund
Discussant: SHU Chang, External Department, Hong Kong Monetary Authority

15:45 - 16:15

Coffee Break

16:15 - 17:15

"Renminbi appreciation, excess liquidity, and asset prices in China"

by ZHANG Xiaojing, Institute of Economics, Chinese Academy of Social Sciences; and SUN Tao, Monetary and Capital Markets Department, International Monetary Fund
Discussant: CHANG Jian, Research Department, Hong Kong Monetary Authority

17:15 - 18:15

"Dynamic factor models for now-casting the Chinese economy"

by Matthew YIU, Hong Kong Institute for Monetary Research
Discussant: FANG Ying, WISE, Xiamen University

12 October 2007, Friday

08:30 - 09:00

Morning coffee

Session 3

Session Chair: CHEN Guojin, WISE, Xiamen University

09:00 - 10:00

"Capital share in China"

by BAI Chong-en, School of Economics and Management, Tsinghua University
Discussant: SHI Kang, Department of Economics, Chinese University of Hong Kong

10:00 - 10:30

Coffee Break

10:30 - 11:30

"What prompts the People's Bank of China to change its monetary policy stance: evidence from a discrete choice model"

by HE Dong and Laurent Pauwels, Research Department, Hong Kong Monetary Authority
Discussant: WANG Tao, Bank of America

11:30 - 12:30

"Exchange Rate Pass-through to export in China-evidence from firm level data"

by WEI Shang-jin and ZHANG Zhiwei, Research Department, International Monetary Fund
Discussant: ZHANG Ping, External Department, Hong Kong Monetary Authority

12:30 - 14:00

Lunch

Session 4

Session Chair: Matthew YIU, Hong Kong Institute for Monetary Research

14:00 - 15:00

"Do institutions matter? Estimating the effects of institutions of economic performance in China"

by FANG Ying and ZHAO Yang, WISE, Xiamen University
Discussant: LI Hongbin, Department of Economics, Chinese University of Hong Kong

15:00 - 16:00

"Using a structural VAR model to investigate the macroeconomic impacts of oil prices in China"

by SIN Chor-yiu, WISE, Xiamen University
Discussant: LI Hongyi, Faculty of Business Administration, Chinese University of Hong Kong

**End of Conference**

13/09/2007

Fifth HKIMR Summer Workshop

Hong Kong Institute for Monetary Research (HKIMR)

Fifth HKIMR Summer Workshop

13 September 2007 (Thursday)

8:30 - 9:00 a.m

Registration and Welcoming coffee

9:00 - 9:05 a.m.

Welcoming Remarks

Hans GENBERG, Hong Kong Institute for Monetary Research

9:05 - 10:05 a.m

"Pooling Risk Among Countries"
Speaker: Jean IMBS, HEC Lausanne
Discussant: James YETMAN, The University of Hong Kong

con_paper_0_421_pooling-risk-among-countries-cepr-8-28-07.pdf

10:05 - 11:05 a.m

"Are Asian Housing Prices Too High for Comfort?"

Speaker: Eloisa GLINDRO, Bank of International Settlements
Discussant: Charles LEUNG, City University of Hong Kong

11:05 - 11:30 a.m.

Coffee Break

11:30 a.m. - 12:30 p.m.

"The Optimal Currency Basket with Input Currency and Output Currency"
Speaker: Kang SHI, The Chinese University of Hong Kong
Discussant : Pengfei WANG, Hong Kong University of Science and Technology

con_paper_0_424_inputoutpuhkma.pdf

02/05/2007 - 04/05/2007

Joint HKIMR and CCBS workshop on "Advanced Economic Modelling and Forecasting"

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

16/04/2007 - 17/04/2007

Conference on "Banking and Monetary History of Hong Kong: Hong Kong's Current Challenges in Historical Perspective"

HKIMR/CAS

Conference on "Banking and Monetary History of Hong Kong: Hong Kong's Current Challenges in Historical Perspective"

16 April 2007 (Monday) - 17 April 2007 (Tuesday)

16 April 2007, Monday

09:00 - 09:30

Registration and Coffee

09:30 - 09:45

Welcoming Remarks

Session 1: Financial Relations with Mainland China

Session chair: Leo Goodstadt, Trinity College, University of Dublin

09:45 - 10:45

Financial Relations between Hong Kong and Mainland China in Historical Perspective
Author: Catherine Schenk, University of Glasgow
Discussant: Tai-lok Lui, Chinese University of Hong Kong

con_paper_0_398_cantherine-schenk-paper.pdf

10:45 - 11:00

Coffee Break

11:00 - 12:00

Historical Dimensions of the Hong Kong - Guangdong Financial and Monetary Links: Three Cases in Politico-Economic Interactive Dynamics, 1912 - 1935

Author: Ming Chan, Stanford University
Discussant: Chan Lau Kit-ching, University of Hong Kong

12:00 - 13:15

Lunch

Session 2: Exchange Rate and Monetary Policy

Session chair: Christopher Munn, Hong Kong Monetary Authority

13:15 - 14:15

Business Came First: The Evolution of Monetary Policy in Hong Kong, 1935 - 1980
Author: Leo Goodstadt, University of Dublin
Discussant: Pierre Siklos, Wilfrid Laurier University

con_paper_0_403_leo-goodstadt-paper.pdf

14:15 - 15:15

Rules versus Discretion in Managing the Hong Kong Dollar, 1983 - 2000
Author: Tony Latter
Presented by Leo Goodstadt, University of Dublin
Discussant: Lars Jonung, European Commission

con_paper_0_404_tony-latter-paper.pdf

15:15 - 15:45

Coffee Break

Session 3: Banking Industry and Supervision

Session chair: S. L. Wong, University of Hong Kong

15:45 - 16:45

French Banks and the Hong Kong Market Place, from the 1860s to Present Time
Author: Hubert Bonin, Political Studies Institute of Bordeaux
Discussant: Catherine Schenk, University of Glasgow

con_paper_0_407_hubert-bonin-paper070503.pdf

16:45 - 17:45

Government Control, Transaction Cost and Trust between the Hong Kong and Shanghai Banking Corporation and the Chinese Government
Author: Qing Lu, University of Sunderland
Discussant: Kenneth Chan, City University of Hong Kong

con_paper_0_408_qing-lu-paper.pdf

17 April 2007, Tuesday

Session 4: Hong Kong as an International Financial Centre

Session chair: Jesus Seade, Lingnan University

09:30 - 10:00

Morning coffee

10:00 - 11:00

The Role of Law in Hong Kong's Development as a Financial Hub
Authors: Douglas Arner and Paul Lejot, University of Hong Kong
Discussant: Leo Goodstadt, University of Dublin

11:00 - 12:00

Hong Kong's Future as a Financial Centre
Author: David Meyer, Brown University
Discussant: Robert McCauley, Bank for International Settlements

con_paper_0_413_david-meyer-paper.pdf

12:00 - 13:30

Lunch

Session 5: The Origin and the Evolution of Hong Kong's Currency Board

Session chair: Hans Genberg, Hong Kong Monetary Authority

13:30 - 15:00

Presentations by:

Joseph Yam, Hong Kong Monetary Authority
John Greenwood, INVESCO Asset Management Limited

15:00

Conference Ends / Coffee & Tea

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