Papers (in alphabetical order of the family names of the presenters) 

Hard copies will not be provided during the conference. Please print and bring your own copies as needed. Thank you.

 

Keynote Speakers 

Safe U.S. Assets and U.S. Capital Flows [Presentation Slides]
Charles Engel (University of Wisconsin-Madison)

R* in the Global Economy [Presentation Slides]
Reuven Glick (Federal Reserve Bank - San Francisco)

 

Speakers 

Monetary Trilemma, Dilemma or Something in Between?
Ruijie Cheng (National University of Singapore), Ramkishen S. Rajan (National University of Singapore)
Discussant - Cho-Hoi Hui (HKMA)

International Bank Lending Channel of Monetary Policy [Presentation Slides]
Silvia Albrizio (Bank of Spain), Sangyup Choi (Yonsei University, Korea), Davide Furceri (IMF), Chansik Yoon (Yonsei University, Korea)
Discussant - James Yetman (BIS) [Discussion Slides, please email GRU]

Accumulation of foreign currency reserves and risk-taking
Rasmus Fatum (University of Alberta)
Discussant - Sheng Liugang (Chinese University of Hong Kong)

Can Macroprudential Policies Counter the Financial Dutch Disease Phenomenon? Empirical Evidence from Panel Data [Presentation Slides]
Tony Cavoli (University of South Australia), Sasidaran Gopalan (Nazarbayev University, Kazakhstan), Ramkishen S. Rajan​ (National University of Singapore)
Discussant - Fred Kwan (City University of Hong Kong)

The making of global safe assets: does the shock matter? [Presentation Slides]
Maurizio Michael Habib (European Central Bank), Livio Stracca (European Central Bank), Fabrizio Venditti (European Central Bank)
Discussant - Jason Wu (HKMA) [Discussion Slides]

Facing the Quadrilemma: Reserve Accumulation, Exchange Rates and Monetary Policy in Large Emerging Markets [Presentation Slides]
Fernando Chertman (UC Santa Cruz), Michael Hutchison (UC Santa Cruz), David Zink (UC Santa Cruz)
Discussant - Tom Fong (HKMA) [Discussion Slides, please email GRU]

Currency composition of foreign exchange reserves
Hiro Ito (Portland State University), Robert N McCauley (BIS)
Discussant - David Cook (HKUST)

The risk-taking channel of international financial flows [Presentation Slides]
Pietro Cova (Bank of Italy), Filippo Natoli (Bank of Italy)
Discussant - Yabin Wang (HKMA) [Discussion Slides]

Cross-border effects of regional monetary authorities: the case of the ECB
Heather D. Gibson (Bank of Greece), Stephen G. Hall (University of Leicester, Bank of Greece and University of Pretoria), Pavlos Petroulas (Bank of Greece), George S. Tavlas (Bank of Greece and University of Leicester)
Discussant - Joshua Aizenman (USC)

The currency composition of International reserves, demand for international reserves, and global safe assets
Joshua Aizenman (University of Southern California), Yin-Wong Cheung (City University of Hong Kong), Xingwang Qian (SUNY Buffalo State)
Discussant - Paul Luk (HKBU) [Discussion Slides]

Alternative Measures of Capital Flight towards Germany [Presentation Slides]
Yin-Wong Cheung (City University of Hong Kong), Sven Steinkamp (University of Osnabrück, Germany), Frank Westermann (University of Osnabrück, Germany)
Discussant - Matthew Yiu (AMRO)