2nd Annual Conference on the Chinese Economy
Welcome and Opening Remarks
by Césaire Meh
Session 1: Housing Price Fundamentals
Chair: Mark Kruger
Housing Price and Fundamentals in A Transition Economy: The Case of Beijing Market
Presentation: Bing Han
Session 2: Market Distortions, Financial Frictions and Misallocation
Chair: Xiaodong Zhu
Misallocation in a Global Economy
Presentation: Aleh Tsyvinski
Do Financial Frictions Explain Chinese Firms’ Saving and Misallocation?
Presentation: Dan Lu
Session 3: Shadow Banking
Chair: Rose Cunningham
Liquidity Regulation and Unintended Financial Transformation
Presentation: Kinda Hachem
What Do We Learn from China's Rising Shadow Banking: Exploring the Nexus of Monetary Tightening and Banks' Role in Entrusted Lending
Presentation: Tao Zha
Session 4: Stability in China’s Banking Sector
Chair: Wei Dong
Reserve Requirements and Optimal Chinese Stabilization Policy
Presentation: Mark Spiegel
Session 5: International Trade and Imbalances
Chair: Chris Hajzler
China's Imbalances: Trade Integration in a Dynamic General Equilibrium Model
Presentation: George Alessandria
Export Expansion, Skill Acquisition and Industry Specialization: Evidence from China
Presentation: Bingjing Li
Session 6: Local Government Debt and Misappropriation of Funds
The Long Shadow of a Fiscal Expansion
Presentation: Chang-Tai Hsieh
The Great Wall of Debt: Corruption, Real Estate, and Chinese Local Government Credit Spreads
Presentation: Jennie Bai
Session 7: Retail Investors and China’s Equity Market
Chair: Don Brean
China’s Model of Managing the Financial System
Presentation: Wei Xiong
Household Finance in China
Presentation: Russell Cooper