East Asian Seminar on Economics

Takatoshi Ito and Andrew K. Rose, Organizers

June 18-19, 2015

Federal Reserve Bank of San Francisco

Conference Code of Conduct

Thursday, June 18
Jens Christensen, Federal Reserve Bank of San Francisco
Jose Lopez, Federal Reserve Bank of San Francisco
Glenn Rudebusch, Brookings Institution

A Probability-Based Stress Test of Federal Reserve Assets and Income
Jiseob Kim, Korea Development Institute

How Loan Modifications Influence the Prevalence of Mortgage Defaults
Sumit Agarwal, National University of Singapore
Jessica Pan, National University of Singapore
Wenlan Qian, National University of Singapore

Age of Decision: Pension Savings Withdrawal and Consumption and Debt Response
John D. Burger, Loyola University Maryland
Rajeswari Sengupta, Indira Gandhi Institute of Development Research
Francis E. Warnock, University of Virginia and NBER
Veronica Cacdac Warnock, University of Virginia

U.S. Investment in Global Bonds: As the Fed Pushes, Some EMEs Pull
Hao Wang, Tsinghua University
Honglin Wang, Hong Kong Institute for Monetary Research
Lisheng Wang, Chinese University of Hong Kong
Hao Zhou, Tsinghua University

Shadow Banking: China's Dual-Track Interest Rate Liberalization
Òscar Jordà, Federal Reserve Bank of San Francisco
Moritz Schularick, Kiel Institute for the World Economy & Sciences Po
Alan M. Taylor, Columbia University and NBER

Leveraged Bubbles
Douglas W. Diamond, University of Chicago and NBER
Anil Kashyap, University of Chicago and NBER

Liquidity Requirements, Liquidity Choice and Financial Stability
Chung-Hua Shen, National Taiwan University
Hao Fang
Yen-Hsien Lee, Chung Yuan Christian University

How Early of the Early Warning Signal in Banking Crisis? The Three Booms, Credit, Housing and Capital, Cases
Kenichi Ueda, University of Tokyo, CEPR, and TCER
Frederic Lambert, International Monetary Fund

The Effects of Unconventional Monetary Policies on Bank Soundness
Tim Robinson, University of Melbourne

LVR Policy and the Business Cycle
David Cook, Hong Kong University of Science & Technology

Policy Conflicts and Inflation Targeting: The Role of Credit Markets
Andrés Fernández, International Monetary Fund
Alessandro Rebucci, Johns Hopkins University and NBER
Martín Uribe, Columbia University and NBER

Are Capital Controls Countercyclical?