Department of Economics & Finance
AACSB International EQUIS - European Quality Improvement System

Conference on Real Estate and Financial Stability

August 22-23, 2016
City University of Hong Kong and Hong Kong Institute for Monetary Research, Hong Kong
Organized by City University of Hong Kong, Department of Economics and Finance, Global Research Unit (GRU), and Hong Kong Institute for Monetary Research (HKIMR)

Pre-registration required. Seats are limited.
Papers  (Hard copies will not be provided during the conference. Please print and bring your own copies as needed.)
Real Estate plays an important role in recent issues, including the Global Financial Crisis, the explosive growth and apparent slowdown of the China economy, etc. Academics, market practitioners, and government agencies (particularly central banks) are especially concerned that fluctuations in real estate markets could affect the financial stability through many channels. They include (but not limited to):
  • wealth effect of households;
  • collateral constraint effect of households and firms;
  • adjustment in bank loan quality and quantity;
  • securitization of real estate-related assets;
  • portfolio management of institutional investors (such as Pension Fund and Retirement Fund) in real estate-related assets, etc.

We intend to bring together experts on these topics and provide a platform for an in-depth and at the same time insightful discussion in a 2-day conference.

Those interested in presenting at the conference should send a completed paper or a two-page detailed abstract in WORD or PDF format via email to by March 15, 2016. Authors of accepted papers will be notified by June 1, 2016.

Presenters may apply for financial support for economy class airfare and local accommodation expenses. Final versions of the accepted papers will be posted on the conference website.

Selected conference papers will be invited to be considered for publication in the Pacific Economic Review.

Yin-Wong Cheung
Charles Ka Yui Leung
Matthew S. Yiu
We thank the Hung Hing Ying and Leung Hau Ling Charitable Foundation (孔慶熒及梁巧玲慈善基金) for their support through the Hung Hing Ying Chair Professorship of International Economics (孔慶熒講座教授(國際經濟)).

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