Financial Issues in the
Pacific Basin Region
September 26-27, 2002
Joint Conference
Center for Pacific Basin Monetary and Economic Studies
Federal Reserve Bank of San Francisco
and the
Journal of the Japanese and International Economies
Conference
Summary
(FRBSF Economic Letter
2002-38, December 27, 2002)
Agenda—PDF
Version |
Conference Program
|
| Thursday
September 26 |
|
8:00 a.m. |
Continental breakfast—East Garden Court Lounge, Fourth Floor
|
|
8:45 a.m. |
Welcoming
Remarks:
Reuven Glick, Federal Reserve Bank of San Francisco
|
|
9:00 a.m. |
Session 1 |
| Moderator: |
Reuven
Glick, Federal Reserve Bank of San Francisco |
| Presenters:
|
Mark
M. Spiegel, Federal Reserve Bank of San Francisco,
and
Nobuyoshi Yamori, Nagoya University
“The
Impact of Japan’s Financial Stabilization Laws on Bank
Equity Values” |
| Discussant:
|
Jim
Wilcox, University of California, Berkeley
|
|
10:00 a.m. |
Coffee break—East Garden Court Lounge, Fourth Floor |
|
10:30 a.m. |
Session 2 |
| Moderator: |
Mark
M. Spiegel, Federal Reserve Bank of San Francisco |
| Presenters:
|
David
Smith, Board of Governors
“Loans
to Japanese Borrowers” |
| Discussant:
|
Anil
Kashyap, University of Chicago |
| 12:00
noon |
Lunch—Market
Street Dining Room, Fourth Floor |
|
2:00 p.m. |
Session 3
|
| Moderator: |
Ramon
Moreno , Federal Reserve Bank of San Francisco |
| Presenters:
|
Joshua
Aizenman, University of California, Santa Cruz,
and
Nancy P. Marion, Dartmouth College
“The
High Demand for International Reserves in the Far East:
What's Going On?” |
| Discussant:
|
Hali
J. Edison, International Monetary Fund |
| 3:00 p.m.
|
Session
4
|
| Moderator: |
Ramon
Moreno, Federal Reserve Bank of San Francisco |
| Presenters:
|
Leonardo Hernández,
Banco Central de Chile, and
Peter J. Montiel, Williams College
“Post-Crisis
Exchange Rate Policy in Five Asian Countries: Filling
In the 'Hollow Middle’?”
|
| Discussant:
|
Reuven
Glick, Federal Reserve Bank of San Francisco
|
| 4:00 p.m.
|
Refreshment
Break—East Garden Court Lounge, Fourth Floor
|
|
4:15 p.m. |
Session 5: Roundtable Discussion
on Monetary Policy Coordination in Asia |
|
Moderator: |
Takeo Hoshi, University of California, San Diego
|
|
Panelists: |
Menzie D. Chinn, University of California, Santa Cruz
Barry Eichengreen, University of California,
Berkeley
Steven Kamin,
Board of Governors
Ronald McKinnon, Stanford University
Wataru Takahashi, Bank of Japan |
| 6:00 p.m.
|
Reception—Market
Street Dining Room, Fourth Floor |
| 7:00 p.m.
|
Dinner—Market
Street Dining Room, Fourth Floor |
| Introduction:
|
Robert
T. Parry, Federal Reserve Bank of San Francisco
|
Keynote
Speaker: |
J.
Bradford Delong, University of California, Berkeley
"Growth Prospects in Asia" |
| |
|
| Friday
September 27 |
| 8:00 a.m.
|
Continental
Breakfast—East Garden Court Lounge, Fourth Floor
|
| 9:00 a.m.
|
Session 6 |
| Moderator: |
Takeo
Hoshi, University of California, San Diego
|
| Presenters:
|
Robert
Dekle, University of Southern California and
Kenneth Kletzer, University of California, Santa Cruz
"Financial Intermediation,
Agency and Collateral and the Dynamics of Banking Crises:
Theory and Evidence for the Japanese Banking Crisis" |
| Discussant:
|
Kenneth
Kasa, Simon Fraser University |
| 10:00 a.m.
|
Coffee
break—East Garden Court Lounge, Fourth Floor |
| 10:30
a.m. |
Session 7 |
| Moderator: |
Takeo
Hoshi, University of California, San Diego
|
| Presenters:
|
Elijah
Brewer, Hesna Genay, and William C. Hunter,
Federal Reserve Bank of Chicago, and
George Kaufman, Loyola University Chicago
“The Value
of Banking Relationships During a Financial Crisis: Evidence
from Failures of Japanese Banks” |
| Discussant:
|
James
Harrigan, Federal Reserve Bank of New York
|
| 12:00
noon |
Lunch—Market
Street Dining Room, Fourth Floor |
| 1:30 p.m.
|
Conference
Adjournment |
