East Asian Seminar on Economics

Takatoshi Ito and Andrew K. Rose, Organizers

June 18-19, 2015

Federal Reserve Bank of San Francisco

Thursday, June 18
1	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
2	Jiseob Kim, Korea Development Institute How Loan Modifications Influence the Prevalence of Mortgage Defaults
3	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
4	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
5	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
6	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
7	Douglas W. Diamond, University of Chicago and NBER Anil Kashyap, University of Chicago and NBER Liquidity Requirements, Liquidity Choice and Financial Stability
8	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
9	Kenichi Ueda, University of Tokyo, CEPR, and TCER Frederic Lambert, International Monetary Fund The Effects of Unconventional Monetary Policies on Bank Soundness
10	Tim Robinson, University of Melbourne LVR Policy and the Business Cycle
11	David Cook, Hong Kong University of Science & Technology Policy Conflicts and Inflation Targeting: The Role of Credit Markets
12	Andrés Fernández, International Monetary Fund Alessandro Rebucci, Johns Hopkins University and NBER Martín Uribe, Columbia University and NBER Are Capital Controls Countercyclical?