NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

CENTER FOR ADVANCED RESEARCH IN FINANCE, UNIVERSITY OF TOKYO

CHINA CENTER FOR ECONOMIC RESEARCH

CHUNG-HUA INSTITUTION FOR ECONOMIC RESEARCH

HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY

KOREA DEVELOPMENT INSTITUTE

PRODUCTIVITY COMMISSION, AUSTRALIA

SINGAPORE MANAGEMENT UNIVERSITY

TOKYO CENTER FOR ECONOMIC RESEARCH

 

 

17th Annual East Asian Seminar on Economics

International Financial Issues Around the Pacific-Rim

 

Takatoshi Ito and Andrew Rose, Organizers

 

June 22-24, 2006

 

Mauna Lani Bay Hotel

Kohala Coast, Hawaii

 

PROGRAM

 

WEDNESDAY, JUNE 21:

 

 

7:00 pm

Welcome Reception and Dinner

 

 

THURSDAY, JUNE 22:

 

 

9:00 am

Continental Breakfast

 

 

9:30 am

Welcome

 

 

International Financial Integration

 

 

9:45 am

PETER HENRY, Stanford University and NBER

 

PRAKASH KANNAN, Stanford University

 

Growth and Returns in Emerging Markets

 

 

 

Discussants: TAKATOSHI ITO, University of Tokyo and NBER

 

                   ETSURO SHIOJI, Hitotsubashi University

 

 

10:45 am

SHIN-ICHI FUKUDA and YOSHIFUMI KON, University of Tokyo

 

International Currency and the US Current Account Deficits

 

 

 

Discussants: LINDA GOLDBERG, Federal Reserve Bank of New York and NBER

 

                   ANDREW ROSE, UC, Berkeley and NBER

 

 

11:45 am

Break

 

 

12:00 pm

LEE-RONG WANG, Chung-Hua Institution for Economic Research

 

Financial Liberalization under the WTO and Its Relationship with the Macro Economy

 

 

 

Discussants: SHIN-ICHI FUKUDA, University of Tokyo

 

                   ROBERTO MARIANO, Singapore Management University

 

 

1:00 pm

Lunch

 

 

International Monetary Regimes

 

 

2:00 pm

MICHAEL DOOLEY, UC, Santa Cruz and NBER

 

DAVID FOLKERTS-LANDAU, Deutsche Bank

 

PETER GARBER, Deutsche Bank and NBER

 

Life on the Tri-Polar Sphere: How Should Interest and Exchange Rates Realign Next?

 

 

 

Discussants: BARRY EICHENGREEN, UC, Berkeley and NBER

 

                   JOHN SIMON, Reserve Bank of Australia

 

 

3:00 pm

EIJI OGAWA, Hitotsubashi University

 

KENTARO KAWASAKI, Toyo University

 

Adopting a Common Currency Basket Arrangement into the “ASEAN Plus Three”

 

 

 

Discussants: MICHAEL DOOLEY, UC, Santa Cruz and NBER

 

                   KIYOTAKA SATO, Yokohama National University

 

 

4:00 pm

Adjourn

 

 

7:00 pm

Reception and Dinner

 

 

 

 

FRIDAY, JUNE 23:

 

 

9:00 am

Continental Breakfast

 

 

International Capital Movements

 

 

9:30 am

TAKATOSHI ITO, University of Tokyo and NBER

 

YUKO HASHIMOTO, Toyo University

 

Price Impacts of Deals and Predictability of the Exchange Rate Movements  

 

 

 

Discussants: PETER GARBER, Deutsche Bank and NBER

 

                   ELI REMOLONA, Bank for International Settlements

 

 

10:30 am

CHULSOO KIM, Sookmyung Women’s University

 

Current Account, Government Budget and World Output Shares

 

 

 

Discussants: ASHVIN AHUJA, Bank of Thailand

 

                   PETER NICHOLAS KRIZ, Singapore Management University

 

 

11:30 am

Break

 

 

11:45 am

INSEOK SHIN and CHANGYUN PARK, Korea Development Institute

 

Stock Market Opening and the Cost of Capital: The Case of Korea

 

 

 

Discussants: YUKO HASHIMOTO, Toyo University

 

                   CHULSOO KIM, Sookmyung Women’s University

 

 

12:45 pm

Lunch

 

 

1:45 pm

KYOJI FUKAO and MIHO TAKIZAWA, Hitotsubashi University

 

KEIKO ITO, Senshu University

 

HYEOG UG KWON, Nihon University

 

Cross-Border Acquisitions and Target Firms’ Performance: Evidence from Japanese Firm-Level Data

 

 

 

Discussants: CHATIB BASRI, University of Indonesia

 

                   ROBERTO MARIANO, Singapore Management University

 

 

2:45 pm

BARRY EICHENGREEN, UC, Berkeley and NBER

 

PIPAT LUENGNARUEMITCHAI, IMF

 

Bond Markets as Conduits for Capital Flows: How Does Asia Compare?

 

 

 

Discussants: EIJI OGAWA, Hitotsubashi University

 

                   ELI REMOLONA, Bank for International Settlements

 

 

3:45 pm

Adjourn

 

 

7:00 pm

Reception and Dinner

 

 

 

 

SATURDAY, JUNE 24:

 

 

8:00 am

Continental Breakfast

 

 

International Aspects of Monetary Policy

 

 

8:30 am

LINDA GOLDBERG, Federal Reserve Bank of New York and NBER

 

JOSE MANUEL CAMPA, IESE

 

Pass Through of Exchange Rates to Consumption Prices: What Has Changed and Why?

 

 

 

Discussants: CHATIB BASRI, University of Indonesia

 

                   KIYOTAKA SATO, Yokohama National University

 

 

9:30 am

Break

 

 

9:45 am

CHUNG-SHU WU and JIN-LUNG LIN, Academia Sinica

 

The Relationship between Openness and Inflation in Asian 4 and G 7

 

 

 

Discussants: PETER HENRY, Stanford University and NBER

 

                   JOHN SIMON, Reserve Bank of Australia

 

 

10:45 am

JIANHUAI SHI, CCER

 

Are Currency Revaluations Contractionary in China?

 

 

 

Discussants: ASHVIN AHUJA, Bank of Thailand

 

                   DANTE CANLAS, University of the Philippines

 

 

11:45 am

Boxed Lunches Provided - Afternoon on own

 

 

7:00 pm

Reception and Dinner

 

 

 

Conference Format - One hour per paper:

25 minutes for author presentation

10 minutes each for discussant comments

15 minutes general discussion

 

The organizers are grateful to the Center for Global Partnership for their financial support of this conference.

 

 

6/15/06