Hong Kong Institute for Monetary Research

The 12th HKIMR Summer Workshop


19 August 2014 (Tuesday)

Harbour Room, 56/F, Two International Finance Centre, 8 Finance Street, Central


19 August 2014 (Tuesday)

8:30 - 9:00 Registration and Coffee

Chair: Dong He (HKMA and HKIMR)

9:00 – 9:55 How Do Business Cycles become Global? Common Shocks or Spillovers?
Thomas Helbling (International Monetary Fund)
Raju Huidrom (University of Virginia)
Ayhan Kose (International Monetary Fund)
Christopher Otrok* (University of Missouri)

Discussant: David Cook (Hong Kong University of Science and Technology)

9:55 – 10:50 Asian-Pacific Financial Market Interactions with the U.S. and China: A Structural VAR Approach
Dong He (HKMA and HKIMR)
Chang Shu* (Bank for International Settlements)
Honglin Wang (HKIMR)
Jinyue Dong (BBVA)

Discussant: Christopher Otrok (University of Missouri)

10:50 – 11:10 Coffee Break

11:10 – 12:05 Foreign Bank Subsidiaries' Default Risk during the Global Crisis: What Factors Help Insulate Affiliates from their Parents?
Deniz Anginer (Virginia Tech)
Eugenio Cerutti (International Monetary Fund)
Maria Soledad Martinez Peria* (The World Bank)

Discussant: Cho-Hoi Hui (HKMA)

12:05 – 1:00 Network Effects in Currency Internationalisation: Insights from BIS Triennial Surveys and Implications for the Renminbi
Dong He* (HKMA and HKIMR)
Xiangrong Yu* (HKIMR)

Discussant: Torsten Ehlers (Bank for International Settlements)

1:00 – 2:00 Lunch (By Invitation)

- End of Workshop -