| Day 1: Thursday, 14 January 2010 |
|
| 8:15 – 9:00 a.m. |
Registration and Breakfast
|
| 9:00 – 9:30 |
Welcome Remarks
Dong He, Director, Hong Kong Institute for Monetary Research (HKIMR)
Srinivasa Madhur, Senior Director, Office of Regional Economic Integration (OREI), Asian Development Bank (ADB)
|
| Session 1 |
Moderator: Srinivasa Madhur
|
| 9:30 – 9:50 |
Evolution of Regional and Global Risk Sharing of Asian Countries
Pierfederico Asdrubali, John Cabot University
|
| 9:50 – 10:00 |
Comments
Philippe Martin, Sciences-Po
|
| 10:00 – 10:15 |
Open Forum
|
| 10:15 – 10:30 |
Tea Break
|
| 10:30 – 10:50 |
Regional and Global Short-Term Financial Market Integration: Evidence from the Interbank Markets of Tokyo, Singapore, and Hong Kong
Shin-ichi Fukuda, University of Tokyo
|
| 10:50 – 11:00 |
Comments
Ilhyock Shim, Senior Economist, Bank for International Settlements (BIS) Asian Pacific Representative Office
|
| 11:00 – 11:15 |
Open Forum
|
| 11:15 – 11:35 |
International Capital Mobility of East Asian Countries: Global vs. Regional
Soyoung Kim, Seoul National University
|
| 11:35 – 11:45 |
Comments
Zhiwei Zhang, Hong Kong Monetary Authority (HKMA)
|
| 11:45 – 12:00 |
Open Forum
|
| 12:00 – 1:30 |
Lunch
|
| Session 2 |
Moderator: Eli Remolona, Chief Representative, BIS Asian Pacific Representative Office
|
| 1:30 – 1:50 |
Regional and Global Drivers of the Portfolio Holdings of Asian Investors
Philip R. Lane, Trinity College of Dublin
|
| 1:50 – 2:00 |
Comments
Jean M. Imbs, HEC Lausanne
|
| 2:00 – 2:15 |
Open Forum
|
| 2:15 – 2:35 |
Regional and Global Financial Integration: An Analytical Framework
Philippe Martin
|
| 2:35 – 2:45 |
Comments
Chen Qianying, HKIMR
|
| 2:45 – 3:00 |
Open Forum
|
| 3:00 – 3:15 |
Tea Break
|
| 3:15 – 3:35 |
What Happened to the ASEAN Business Cycle?
Jean M. Imbs
|
| 3:35 – 3:45 |
Comments
Soyoung Kim
|
| 3:45 – 4:00 |
Open Forum
|
| Session 3 |
Moderator: Yiping Huang, Professor, Peking University
|
| 4:00 – 4:20 |
Financial Accelerator Integration
David E. Cook, Hong Kong University of Science and Technology
|
| 4:20 – 4:30 |
Comments
Shin-ichi Fukuda
|
| 4:30 – 4:45 |
Open Forum
|
| 4:45 - 5:05 |
Stock Market Integration and Financial Contagion
Kee-Hong Bae, York University
|
| 5:05 – 5:15 |
Comments
Alicia García-Herrero, Chief Economist for Emerging Markets, Banco Bilbao Vizcaya Argentaria
|
| 5:15 – 5:30 |
Open Forum
|
| Day 2: Friday, 15 January 2010 |
|
| 8:30 – 9:00 a.m. |
Breakfast
|
| Session 4 |
Moderator: Hans Genberg, Visiting Adviser, BIS Asian Pacific Representative Office
|
| 9:00 – 9:20 |
Stock Market Integration: Emerging Asia's Experience
Cyn-Young Park, Principal Economist, OREI, ADB
|
| 9:20 – 9:30 |
Comments
Kee-Hong Bae
|
| 9:30 – 9:45 |
Open Forum
|
| 9:45 – 10:05 |
Financial Contagion and Vulnerability of Asian Financial Markets
Michael B. Devereux, University of British Columbia
|
| 10:05 – 10:15 |
Comments
David E. Cook
|
| 10:15 – 10:30 |
Open Forum
|
| 10:30 – 10:45 |
Tea Break
|
| 10:45– 11:05 |
Not All Financial Integration is Created Equal: Revisiting the Composition Effect
Shang-Jin Wei, Columbia University
|
| 11:05 – 11:15 |
Comments
Pierfederico Asdrubali
|
| 11:15 – 11:30 |
Open Forum
|
| Session 5 |
Moderator: Dong He
|
| 11:30 – 12:20 |
Panel Discussion: Policy Implications of Global and Regional Financial Market Integration
Panelists:
Michael B. Devereux
Philip R. Lane
Soyoung Kim
Cyn-Young Park
Shang-Jin Wei
|
| 12:20 – 12:35 |
Closing Remarks
Jong-Wha Lee, Chief Economist, concurrently Head of OREI, ADB
|
| 12:35 – 2:00 |
Lunch
|