| Thursday 25 March 2010 |
| Financial Stability (FS) Network Workshop |
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| Session one: |
| "Monetary Policy Effects on Liquidity Crunch in Late 2008: High-Frequency Model of Differentials between Swap-Implied Funding Costs and Money Market Rates", Matthew S. Yiu (HKMA), Wai-Yip Alex Ho (HKMA and Boston University), Lu Jin (HKMA) and Joseph K. W. Fung (Hong Kong Baptist University and HKIMR) |
| Discussant: Geun-Young Kim (BOK) |
| "Global contagion of volatilities and volatility risk premia", Yoshihiko Sugihara (BOJ) |
| Discussant: Michael Davies (RBA) |
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| Session two: |
| "A Liquidity Risk Stress-Testing Framework with Interaction Between Market and Credit Risks", Eric Wong and Cho-Hoi Hui (HKMA) |
| Discussant: Naohiko Baba (BOJ) |
| "Market Liquidity Risk as an Indicator of Financial Stability: The Case of Indonesia", Wimboh Santoso, Cicilia A. Harun, Taufik Hidayat and Hero Wonida (BI) |
| Discussant: Leo Krippner (RBNZ) |
| |
| Session three: |
| "Measuring Systemic Risk and Financial Linkages in the Thai Banking System", Rungporn Roengpitya and Phurichai Rungcharoenkitkul (BOT) |
| Discussant: Haibin Zhu (BIS) |
| "Loan Loss Provisioning and the Business Cycle: Does Capital Matter? Evidence from Philippine Banks", Danvee Floro (BSP) |
| Discussant: Frank Packer (BIS) |
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| Session four: |
| "Procyclical management of non-performing loans by the Indian public sector banks", B M Misra and Sarat Dhal (RBI) |
| Discussant: Daniel Wang (MAS) |
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| Panel Discussion: Panel discussion on financial stability and market issues |
| Panelists: Xuechun Zhang (PBC) Shinobu Nakagawa (BoJ) Sungwon Lee (FSS, Korea) Titanun Mallikamas (BOT) |
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| Friday 26 March 2010 |
| Monetary Policy and Exchange Rate (MPER) Network Workshop |
| |
| Session one: |
| "The recent financial market crisis: the impact on banks' funding costs, lending rates, interest margins and on monetary policy transmission", Michael Davies (RBA) |
| Discussant: Hasni Sha'ari (BNM) |
| "Impacts of financial factors on emerging market business cycle fluctuations", Ashvin Ahuja, Suchot Piamchol, Paiboon Pongpaichet, Tanawat Ruenbanterng and Surach Tanboon (BOT) |
| Discussant: Shinobu Nakagawa (BOJ) |
| |
| Session two: |
| "Does bank credit channel of monetary policy matter in the Philippines?", Veronica Bayangos (BSP) |
| Discussant: Adrian Ng (MAS) |
| "Financial integration and economic growth: an empirical analysis using international panel data from 1974-2007", Mitsuhiro Osada and Masashi Saito (BOJ) |
| Discussant: Leo Krippner (RBNZ) |
| |
| Session three: |
| "The road to recovery: how much can fiscal stimulus and financial rehabilitation contribute?", Zhiwei Zhang and Wenlang Zhang (HKMA) |
| Discussant: Sahminan Sahminan (BI) |
| "Double drain, risk of recession and monetary policy in small open economies", Geun-Young Kim (BOK) |
| Discussant: James Yetman (BIS) |
| "The urban-rural differences of inflation in China", Xuechun Zhang (PBC) |
| Discussant: K.U.B. Rao (RBI) |
