The NBER, the Australian National University, the China Center for Economic Research, the Chung-Hua Institution for Economic Research, the Hong Kong University of Science and Technology, the Korea Development Institute, the National University of Singapore, and the Tokyo Center for Economic Research jointly sponsored the NBER's 21st Annual East Asian Seminar on Economics. It took place on June 25 and 26, 2010 at the Reserve Bank of Australia. Takatoshi Ito, University of Tokyo and NBER, and Andrew K. Rose, University of California, Berkeley and NBER, organized the conference, which focused on "A Pacific Rim Perspective on the Financial Crisis." These papers were discussed:
- Michael B. Devereux, University of British Columbia and NBER; and James Yetman, Bank for International Settlements, "Financial Contagion and Vulnerability of Asian Financial Markets"
- Warwick J. McKibbin and Andrew Stoeckel, Australian National University, "Modelling the Impact of the Global Financial Crisis on World Trade"
- Jonathan Eaton, Pennsylvania State University and NBER; Samuel S. Kortum, Brent Neiman, and John Romalis,University of Chicago and NBER, "Trade and the Global Recession"
- Bih Jane Liu, Chung-Hua Institution for Economic Research, "Why World Exports Are so Susceptible to the Economic Crisis --The Prevailing 'Export Overshooting' Phenomenon Especially in Taiwan"
- Jiandong Ju, Tsinghua University, and Shang-Jin Wei, NBER and Columbia University, "When Are Trade Liberalizations and Capital Flows Substitutes or Complements?"
- Ippei Fujiwara, Nao Sudou, and Yuki Teranishi, Bank of Japan; and Tomoyuki Nakajima, Kyoto University, "Global Liquidity Trap"
- Yiping Huang, Nian Lin, Tao Kunyu, Wang Bijun, and Wang Xun, CCER, "China's Monetary Systems and Economic Performance during the Global Crises: From Great Depression to Great Crash"
- Joshua Aizenman, University of California, Santa Cruz and NBER; Yothin Jinjarak, Nanyang Technological University; and Donghyun Park, Asian Development Bank, "International Reserves and Swap Lines: Substitutes or Complements"
- Paul Bloxham, Christopher Kent, and Michael Robson, Reserve Bank of Australia, "Asset Prices, Credit Growth and Monetary Policy: An Australian Case Study"
- Hyun Song Shin, Princeton University, and Kwanho Shin, Korea University, "Macroprudential Policy and Monetary Aggregates"
- Shin-ichi Fukuda, University of Tokyo, "Money Market Integration during the Global Financial Crisis: Evidence from the Interbank Markets in Tokyo and London"
- Yongheng Deng, Jing Wu, and Bernard Yeung, National University of Singapore; and Randall Morck, University of Alberta and NBER, "Monetary and Fiscal Stimuli, Ownership Structure and China's Housing Market"
Summaries of these papers may be found