TOP


Hong Kong Institute for Monetary Research and City University of Hong Kong, Department of Economics and Finance, Global Research Unit (GRU)

Conference on Real Estate and Financial Stability

22 August 2016 (Monday) - 23 August 2016 (Tuesday)

(Day 1) City University of Hong Kong, AC3, 14/F, 14-221; (Day 2) HKIMR, Harbour Room, 56/F, Two International Finance Centre, Central


Programme


Day 1 22 August, 2016 (Monday)
Venue: City University of Hong Kong, AC3, 14/F, 14-221
8:30 – 8:50am Registration and Welcome Coffee
8:50 – 9:00am Opening Remarks
Charles Leung, City University of Hong Kong

Morning Session Session Chair: Chung-Yi Tse, University of Hong Kong
9:00 – 10:00am Keynote Speech: Commercial Real Estate and Financial Stability
Timothy Riddiough, University of Wisconsin-Madison
10:00 – 10:30am Coffee Break
10:30 – 11:20am Global Liquidity, Leverage, House Prices and Exchange Rates
Ambrogio Cesa-Bianchi, Bank of England
11:20-12:10pm Refining Credit Rating of Individuals from Mortgage Default over the Business Cycle
Guonnan Luo, City University of Hong Kong
12:10 – 1:40pm Lunch (By invitation only)

Afternoon Session Session Chair: Fred Kwan, City University of Hong Kong
1:40 – 2:30pm Flipping in the Housing Market
Chung-Yi Tse, University of Hong Kong
2:30 – 3:20pm Rural-Urban Migration, Structural Transformation, and Housing Markets in China
Ping Wang, Washington University at St. Louis
3:20 – 3:50pm Coffee Break
3:50 – 4:40pm The Credit Scoring Channel in the Subprime Conduit Mortgage Market
Jaime Luque, University of Wisconsin-Madison
4:40 – 5:30pm Fundamentals and the Volatility of Real Estate Prices in China: A Sequential Modelling Strategy
Roselyne Joyeux, Macquarie University
6:00pm Dinner (By invitation only)

Day 2 23 August, 2016 (Tuesday)
Venue: HKIMR, Harbour Room, 56th Floor, Two International Finance Centre, Central
8:30 – 8:50am Registration and Welcome Coffee
8:50 – 9:00am Welcoming Remarks
Lillian Cheung, Hong Kong Monetary Authority (HKMA) & Hong Kong Institute for Monetary Research (HKIMR)

Morning Session Session Chair: Ilhyock Shim, Bank for International Settlements
9:00 – 10:00am Keynote Speech: Age, Demographics, and the Demand for Housing, Revisited
Richard Green, University of Southern California
10:00 – 10:40am The Effect of Large Investors on Asset Quality: Evidence from Subprime Mortgage Securities
Kristopher Gerardi, Federal Reserve Bank of Atlanta
10:40 – 11:00am Coffee Break
11:00 – 11:40am A Bayesian Analysis of Hong Kong's Housing Price Dynamics
Tommy Wu, Hong Kong Monetary Authority
11:40 – 12:20pm What Does the House Price-to-income Ratio Tell Us about the Housing Market Affordability: A Theory and International Evidence
Charles Leung, City University of Hong Kong
12:20 – 1:00pm The Impacts of Mortgage Regulations on Households' Lifecycle Housing Decisions
Anson Ho, Kansas State University
1:00 – 2:10pm Lunch (By Invitation only)

Afternoon Session Session Chair: Matthew Yiu, Hong Kong Institute for Monetary Research
2:10 – 2:50pm Understanding Residential Real Estate in China
Raphael Lam, International Monetary Fund
2:50 – 4:30pm Panel Discussion: Real Estate and Financial Stability: Recent Challenges and Trends
Panel Chair:
Simon Kwan, Federal Reserve Bank of Cleveland

Panelists:
Lillian Cheung, HKMA & HKIMR
Mayank Kaul, Citibank
Yuichiro Kawaguchi, Waseda University
Frank Packer, Bank for International Settlements

4:30pm Closing Remarks
Lillian Cheung, HKMA & HKIMR
Charles Leung, City University of Hong Kong

- End -


<< Back