International Journal of Central Banking (IJCB) and Hong Kong Institute for Monetary Research (HKIMR)
International Journal of Central Banking (IJCB) Spring 2012 Conference
17 May 2012 (Thursday) - 18 May 2012 (Friday)
Programme
17 May 2012 |
|
8:00-8:50 |
Registration, Breakfast and coffee
|
8:50-9:00 |
Opening Remarks
John Williams (Federal Reserve Bank of San Francisco and IJCB Managing Editor)
|
Session I |
The Impact of Unconventional Monetary Policy on Asset Markets Chair: Harrison Hong (Princeton University and IJCB Co-Editor)
|
9:00-10:15 |
Term Structure Modeling with Supply Factors and Applications to Federal Reserve’s Large Scale Asset Purchase Programs Evaluations
Canlin Li (Federal Reserve Board)
Min Wei (Federal Reserve Board)
Discussant: Mark Loewenstein (University of Maryland)
|
10:15-10:45 |
Coffee Break
|
10:45-12:00 |
The Impact of Policy Initiatives on Credit Spreads during the 2007-09 Financial Crisis
Alan Rai (University of New South Wales)
Discussant: Jialin Yu (Columbia University)
|
12:00-12:30 |
Commentator: Hanno Lustig (University of California, Los Angeles)
|
12:30-14:00 |
Luncheon [By invitation]
|
Session II |
Monetary Policy and Financial Crises Chair: Douglas Gale (New York University and IJCB Co-Editor)
|
14:00-15:15 |
Business Cycles and Financial Crises: The Roles of Credit Supply and Demand Shocks
James M. Nason (Federal Reserve Bank of Philadelphia)
Ellis W. Tallman (Oberlin College and Federal Reserve Bank of Cleveland)
Discussant: Gianni De Nicolo (IMF)
|
15:15-15:45 |
Coffee Break
|
15:45-17:00 |
The Low Monetary Rates Paradox, Banking Stability and Credit: Evidence from the Euro Area
Angela Maddaloni (European Central Bank)
José-Luis Peydró (Universitat Pompeu Fabra)
Discussant: Egon Zakrajsek (Federal Reserve Board)
|
18:00 |
Dinner [By invitation]
|
18 May 2012 |
|
8:30-9:00 |
Breakfast and coffee
|
Session III |
Capital and Macroprudential Regulation Chair: Rafael Repullo (CEMFI and IJCB Co-Editor)
|
9:00-10:15 |
Long term effects of equity capital on the interest rate and the demand on credit
Alfredo Martin-Oliver (Universitat de les Illes Balears)
Sonia Ruano (Banco de España)
Vincente Salas-Fumas (Universidad de Zaragoza)
Discussant: Gianni De Nicolo (IMF)
|
10:15-10:45 |
Coffee Break
|
10:45-12:00 |
Capital Flows and Financial Stability: Monetary Policy and Macroprudential Responses
Filiz Unsal (IMF)
Discussant: Douglas Gale (New York University and IJCB Co-Editor)
|
12:00-12:30 |
Commentator: Gianluca Benigno (London School of Economics)
|
12:30-14:00 |
Luncheon [By invitation]
|
14:00-14:30 |
Remarks by Dong He (Hong Kong Monetary Authority)
|
14:30-15:00 |
Q&A and open discussion
|
15:00 |
Conference adjourns
|