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National Bureau of Economic Research
Chung-Hua Institution for Economic Research
Korea Development Institute
21st Annual East Asian Seminar on
Economics
A 
Renee Fry, Takatoshi Ito, Christopher Kent, and Andrew
Rose, Organizers
Reserve Bank of 
HC Coombs Centre
122a 
Kirribilli, New South Wales 2061
PROGRAM
Thursday, June 24:
6:15 pm             Departure
from HC Coombs Centre for Sydney Harbour Dinner Cruise 
                        (Boards
at Circular Quay)
Friday, June 25:
8:30 am             Coffee
                        Chair:  Andrew Rose
9:00 am             Michael
Devereux, University of British Columbia
and NBER
                        James
Yetman, Bank for International
Settlements
Financial Contagion and Vulnerability of Asian
Financial Markets
Discussants:
Pedro Gomis-Porqueras,
Mark Wright, UC, Los Angeles and NBER
10:15 am           Break
                        Andrew Stoeckel, 
                        Modelling the Impact
of the Global Financial Crisis on World Trade
                        Discussants: 
                        Yongheng Deng, 
                        Gordon
Menzies, 
12:00 pm           Lunch
                        Chair:  Takatoshi
Ito
1:00 pm             Jonathan
Eaton, Pennsylvania State University and NBER
Sam Kortum, University of Chicago and NBER
Brent Neiman, University of Chicago 
John Romalis, University of Chicago and NBER
                        Trade and the Global Recession
                        Discussants: 
                        Andrew Rose, UC, 
                        Nao Sudo, Bank of 
2:15 pm             Bih Jane
Liu, Chung-Hua Institution for Economic
Research
                        Discussants:  
                        Chatib
Basri, 
                        David Hargreaves, Reserve Bank of 
3:30 pm             Break
                        Chair:  Renee
Fry
4:00 pm             Jiandong
Ju, 
                        Shang-Jin
Wei, Columbia University and NBER
                        Are Trade Liberalizations a Source of Global Imbalances?
                        Discussants:
                        Jonathan
Eaton, Pennsylvania State University and NBER
                        James
Yetman, Bank for International
Settlements   COMMENTS
5:15 pm             Ippei Fujiwara, Nao Sudo, and Yuki Teranishi, Bank of 
                        Tomoyuki
Nakajima, 
            
Discussants:
                        Joshua
Aizenman, UC, Santa Cruz and NBER
                        Yiping
Huang, CCER
6:30 pm             Adjourn
7:00 pm             Dinner - HC Coombs Centre (Top Floor)
Saturday, June 26:
7:15 am             Breakfast
for those staying at the HC Coombs Centre
8:30 am             Coffee
                        Chair:  Christopher Kent
9:00 am             Yiping
Huang, CCER
                        Discussants:
                        Adam
Cagliarini, Reserve Bank of 
                        Bernard
Yeung, National University of 
10:15 am           Break
10:45 am           Joshua Aizenman,
UC, Santa Cruz and NBER
                        Yothin
Jinjarak, Nanyang Technological University
                        Donghyun
Park, Asian Development Bank
                        International Reserves and Swap Lines: Substitutes or
Complements?
                        Discussants:  
                        Kevin
Davis, 
                        Stephen
Grenville, Lowy Institute for International Policy   COMMENTS
12:00 pm           Lunch
                        Chair:  Andrew Rose
1:00 pm             Paul
Bloxham, Reserve Bank of 
                        Christopher
Kent, Reserve Bank of 
                        Michael Robson, Reserve Bank of 
                        Asset Prices, Credit Growth and Monetary Policy:  An Australian Case Study
                        Discussants:
                        Takatoshi Ito, University of Tokyo and NBER
                        Kwanho
Shin, Korea University
2:15 pm             Hyun Song
Shin, 
                        Kwanho
Shin, Korea University
                        Procyclicality
and Monetary Aggregates
                        Discussants:
                        Michael
Devereux, University of British Columbia
and NBER
                        Somchai Jitsuchon,
TDRI   COMMENTS
3:30 pm             Break
                        Chair:  Takatoshi
Ito
4:00 pm             Shin-ichi Fukuda, 
                        Discussants:
Vance Martin, 
                        Shu-Ping
Shi, 
5:15 pm             Yongheng
Deng, Jing Wu, and Bernard Yeung, National
University of 
                        Randall Morck,
University of Alberta and NBER
Monetary and Fiscal Stimuli, Ownership Structure
and Chinas Housing Market
                        Discussants:
                        Shin-ichi Fukuda, 
                        Jiandong
Ju, 
6:30 pm             Adjourn
Free Night
Sunday, June 27:
Continental Breakfast and Bus Trip to Featherdale Wildlife Park
and the 
Details to be announced
COOMBS
CENTRE & SYDNEY INFORMATION