Financial Issues in the Pacific Basin Region

Date

Thursday, September 26, 2002 – Friday, September 27, 2002

Financial Issues in the Pacific Basin Region

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

Agenda Download (PDF – 23kb)

Presenters

Agenda

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 Hernandez, 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

Presenters

Contact information for the Authors, Discussants, Moderator, and Panelists of the conference. From here you can send e-mail to conference presenters, or visit their personal home pages.

Alphabetical listing, by last name:

Aizenman, Joshua Kasa, Kenneth
Brewer, Elijah Kashyap, Anil
Chinn, Menzie D. Kaufman, George
Dekle, Robert Kletzer, Kenneth
Delong, J. Bradford Marion, Nancy
Edison, Hali J. McKinnon, Ronald
Eichengreen, Barry Montiel, Peter
Genay, Hesna Smith, David
Harrigan, James Spiegel, Mark
Hernandez, Leonardo Takahashi, Wataru
Hoshi, Takeo Wilcox, James
Hunter, William C. Yamori, Nobuyoshi
Kamin, Steven  
 
Aizenman, Joshua Author
Professor of Economics
Social Sciences 1
University of California Santa Cruz
Santa Cruz, CA 95064
tel/fax: (831) 459-4791/5900
jaizen@cats.ucsc.edu

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Brewer, Elijah III Author
Economic Advisor and Assistant Vice President
Economic Research Department
Federal Reserve Bank of Chicago
230 South LaSalle Street
Chicago, Illinois 60604-1413
tel/fax: (312) 322-5813
ebrewer@frbchi.org

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Chinn, Menzie D. Panelist
Associate Professor
Department of Economics
University of California, Santa Cruz
217 Social Sciences I
1156 High St.
Santa Cruz, CA 95064-1077
tel/fax: (831) 459-2079/5900
chinn@cats.ucsc.edu

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Dekle, Robert Author
Associate Professor
Department of Economics
University of Southern California
Los Angeles, CA 90089
tel/fax: (213) 740-2134
dekle@usc.edu

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Delong, J. Bradford Author
Department of Economics,
University of California, Berkeley,
Berkeley, CA 94720-3880
Phone/fax: 510-643-4027/642-6615
delong@econ.berkeley.edu

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Edison, Hali J. Discussant
Economist
International Monetary Fund
700 19th St. NW
Washington, DC 20431
tel/fax: (202) xxx-xxxx/xxxx
hedison@imf.org

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Eichengreen, Barry Panelist
Professor of Economics and Political Science
University of California, Berkeley
Department of Economics
549 Evans Hall # 3880
Berkeley, CA 94720-3880
tel/fax: (510) 642-2772/643-0926
eichengr@econ.Berkeley.edu

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Genay, Hesna Author
Economist
Department of Economics
Federal Reserve Bank of Chicago
230 South LaSalle Street
Chicago, Illinois 60604-1413
tel/fax: (312) 322-5796
hesna.genay@chi.frb.org

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Glick, Reuven Discussant
Vice President
Economic Research Department
Federal Reserve Bank of San Francisco
101 Market Street MS1130
San Francisco, CA 94105
tel/fax: (415) 974-3184/2168

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Harrigan, James Discussant
Senior Economist
International Research Function
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045-0001
tel/fax: (212) 720-6130
james.harrigan@ny.frb.org

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Hernandez, Leonardo Principal Advisor
Economist
Financial Policy Division
Banco Central de Chile
Casilla 967, Agustinas 1180
Santiago, Chile
lhernant@bcentral.cl

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Hoshi, Takeo Moderator
Professor
Graduate School of International Relations and Pacific Studies
University of California, San Diego (UCSD)
9500 Gilman Drive
La Jolla, California 92093-0520
tel/fax: (858) 534-5914/1135
thoshi@ucsd.edu

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Hunter, William C. Author
Senior Vice President and Director of Research
Federal Reserve Bank of Chicago
230 South LaSalle Street
Chicago, Illinois 60604-1413
tel/fax: (312) 322-5800/2357
chunter@chi.frb.org

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Kamin, Steven B. Panelist
Assistant Director
International Finance Division
Board of Governors of the Federal Reserve System
20th St and Constitution Avenue NW
Washington, DC 20551
tel/fax: (202) 452-3339
steven.kamin@frb.gov

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Kasa, Kenneth Discussant
Associate Professor of Economics
Department of Economics
Simon Fraser University
8888 University Drive
Burnaby, B.C.
Canada V5A 1S6
tel/fax: (604) 291-5406
kkasa@sfu.ca

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Kashyap, Anil Discussant
Professor of Economics
University of Chicago Graduate School of Business
1101 East 58th Street
Chicago IL 60637
tel/fax: (773) 702-7260/0458
anil.kashyap@gsb.uchicago.edu

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Kaufman, George Author
Department of Finance
Loyola University Chicago
25 East Pearson Street
Chicago, IL 60611
tel/fax: (312) 915-7075/8508
gkaufma@luc.edu

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Kletzer, Kenneth Author
Professor
Department of Economics
University of California Santa Cruz
203 Social Sciences I
Santa Cruz, CA 95064-1077
tel/fax: (831) 459-3407/5900
kkletzer@cats.ucsc.edu

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Marion, Nancy Author
Dartmouth College
Economics Department
6106 Rockefeller Hall, Room 325
Hanover, NH 03755-3514
tel/fax: (603) 646 2511/2122
nancy.marion@dartmouth.edu

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McKinnon, Ronald Panelist
William D. Eberle Professor of Economics
Department of Economics
Landau Economics Bldg.
Stanford University
Stanford, CA 94305-6072
tel/fax: (650) 723-3721/725-5702
mckinnon@stanford.edu

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Montiel, Peter J. Author
James Phinney Baxter III Professor of Public Affairs
Department of Economics
Fernald House
Williams College
Williamstown, MA 01267
tel/fax: (413) 597-2103/4045
peter.j.montiel@williams.edu

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Smith, David C. Author
Economist
International Finance Division
Board of Governors of the Federal Reserve System
20th St and Constitution Avenue NW
Washington, DC 20551
tel/fax: (202) 452-3827
david.c.smith@frb.gov

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Spiegel, Mark Author
Research Advisor
Economic Research Department
Federal Reserve Bank of San Francisco
101 Market Street MS1130
San Francisco, CA 94105
tel/fax: (415) 974-3241/2168

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Takahashi, Wataru Panelist
Associate Director
International Department
Bank of Japan
2-1-1 Nihonbashi-hongokucho, Chuo-Ku
Tokyo, Japan 103-8660
tel/fax: (+813) 3279-1111 / 5200-2256
wataru.takahashi@boj.or.jp

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Wilcox, James Discussant
Kruttschnitt Family Professor of Financial Institutions
Haas School of Business
University of California
545 Student Services Building
Berkeley, CA 94720-1900
tel/fax: (510) 642-2455/643-1420
jwilcox@haas.berkeley.edu

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Yamori, Nobuyoshi Author
Associate Professor
School of Economics
Nagoya University
Frou-cho, Chikusa-ku
Nagoya 464-6801 JAPAN
tel/fax: (81) (52) 789-2361/4942
yamori@soec.nagoya-u.ac.jp

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