| Day 1 |
22 August, 2016 (Monday)
Venue: City University of Hong Kong, AC3, 14/F, 14-221
|
| 8:30 – 8:50am |
Registration and Welcome Coffee
|
| 8:50 – 9:00am |
Opening Remarks
Charles Leung, City University of Hong Kong
|
| Morning Session |
Session Chair: Chung-Yi Tse, University of Hong Kong
|
| 9:00 – 10:00am |
Keynote Speech: Commercial Real Estate and Financial Stability
Timothy Riddiough, University of Wisconsin-Madison
|
| 10:00 – 10:30am |
Coffee Break
|
| 10:30 – 11:20am |
Global Liquidity, Leverage, House Prices and Exchange Rates
Ambrogio Cesa-Bianchi, Bank of England
|
| 11:20-12:10pm |
Refining Credit Rating of Individuals from Mortgage Default over the Business Cycle
Guonnan Luo, City University of Hong Kong
|
| 12:10 – 1:40pm |
Lunch (By invitation only)
|
| Afternoon Session |
Session Chair: Fred Kwan, City University of Hong Kong
|
| 1:40 – 2:30pm |
Flipping in the Housing Market
Chung-Yi Tse, University of Hong Kong
|
| 2:30 – 3:20pm |
Rural-Urban Migration, Structural Transformation, and Housing Markets in China
Ping Wang, Washington University at St. Louis
|
| 3:20 – 3:50pm |
Coffee Break
|
| 3:50 – 4:40pm |
The Credit Scoring Channel in the Subprime Conduit Mortgage Market
Jaime Luque, University of Wisconsin-Madison
|
| 4:40 – 5:30pm |
Fundamentals and the Volatility of Real Estate Prices in China: A Sequential Modelling Strategy
Roselyne Joyeux, Macquarie University
|
| 6:00pm |
Dinner (By invitation only)
|
| Day 2 |
23 August, 2016 (Tuesday)
Venue: HKIMR, Harbour Room, 56th Floor, Two International Finance Centre, Central
|
| 8:30 – 8:50am |
Registration and Welcome Coffee
|
| 8:50 – 9:00am |
Welcoming Remarks
Lillian Cheung, Hong Kong Monetary Authority (HKMA) & Hong Kong Institute for Monetary Research (HKIMR)
|
| Morning Session |
Session Chair: Ilhyock Shim, Bank for International Settlements
|
| 9:00 – 10:00am |
Keynote Speech: Age, Demographics, and the Demand for Housing, Revisited
Richard Green, University of Southern California
|
| 10:00 – 10:40am |
The Effect of Large Investors on Asset Quality: Evidence from Subprime Mortgage Securities
Kristopher Gerardi, Federal Reserve Bank of Atlanta
|
| 10:40 – 11:00am |
Coffee Break
|
| 11:00 – 11:40am |
A Bayesian Analysis of Hong Kong's Housing Price Dynamics
Tommy Wu, Hong Kong Monetary Authority
|
| 11:40 – 12:20pm |
What Does the House Price-to-income Ratio Tell Us about the Housing Market Affordability: A Theory and International Evidence
Charles Leung, City University of Hong Kong
|
| 12:20 – 1:00pm |
The Impacts of Mortgage Regulations on Households' Lifecycle Housing Decisions
Anson Ho, Kansas State University
|
| 1:00 – 2:10pm |
Lunch (By Invitation only)
|
| Afternoon Session |
Session Chair: Matthew Yiu, Hong Kong Institute for Monetary Research
|
| 2:10 – 2:50pm |
Understanding Residential Real Estate in China
Raphael Lam, International Monetary Fund
|
| 2:50 – 4:30pm |
Panel Discussion: Real Estate and Financial Stability: Recent Challenges and Trends
Panel Chair:
Simon Kwan, Federal Reserve Bank of Cleveland
Panelists:
Lillian Cheung, HKMA & HKIMR
Mayank Kaul, Citibank
Yuichiro Kawaguchi, Waseda University
Frank Packer, Bank for International Settlements
|
| 4:30pm |
Closing Remarks
Lillian Cheung, HKMA & HKIMR
Charles Leung, City University of Hong Kong
|
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