Sixth Annual Conference

2017 conference

After decades of unprecedented growth, China is confronting growing social and economic challenges.  How can China deal with these challenges, particularly in its financial system and currency market?  What are the implications for global financial stability and growth?”

The conference took in the Julis Romo Rabinowitz Building, Princeton University campus.  Links to the papers presented as well as the corresponding slides are posted below.  The video recordings of the conference will be posted here by early March.  Visit us again to watch the videos!

PROGRAM

Thursday, February 16, 2017

Open to the public
Room 399, Julis Romo Rabinowitz Building

4:30 pm - 6:00 pm
Panel on China’s international politics and economics
[Video]

Thomas Christensen, Princeton University
William Kirby, Harvard Business School
[slides]
Daniel Rosen, Rhodium Group
[slides]
Moderator: Jean-Christophe de Swaan, Princeton University
This session is co-sponsored by Princeton-Harvard China in the World Program

Dinner speech:  “Gaining Currency: The Rise of the Renminbi”
Eswar Prasad, Cornell University and the Brookings Institution
Introduction: Atif Mian, Princeton University

Friday, February 17, 2017

Open to the public (all day)
Room 399, Julis Romo Rabinowitz Building

Panel on household surveys and income/wealth inequality
[Video]

Xiang Zhou, Harvard University
[slides]
Li Gan,  Texas A&M University
[slides]
Terry Sicular, University of Western Ontario
[slides]
Moderator: Atif Mian, Princeton University
This session is co-sponsored by the Center on Contemporary China


Policy Risk in China
"The Long Shadow of a Fiscal Expansion"
Chang-Tai Hsieh, The University of Chicago Booth School of Business
[slides] [video]
Discussant: Yi Huang, The Graduate Institute Geneva
[slides]
"China's Model of Managing the Financial System"
Wei Xiong, Princeton University
[slides] [video]
Discussant: William Cong,  The University of Chicago Booth School of Business
[slides]
Chair: Nobuhiro Kiyotaki, Princeton University

Keynote speech
"Is a Resurgent Party/State Dragging Down China’s Growth?"
Nicholas Lardy, Peterson Institute for International Finance
[slides] [video]
Introduction: Wei Xiong, Princeton University


Shadow Banking
"In the Shadow of Banks: Wealth Management Products and Issuing Banks' Risk in China"
Jun Qian, Shanghai Advanced Institute of Finance
[slides] [video]
Discussant: Zhiguo He, The University of Chicago Booth School of Business
[slides
"Liquidity Regulation and Credit Booms: Theory and Evidence from China"
Kinda Hachem, The University of Chicago Booth School of Business
[slides] [video]
Discussant: Hui Chen, Massachusetts Institute of Technology
[slides]
Chair: Motohiro Yogo, Princeton University


Panel on Rising Leverage in China
[Video]
Shang Jin Wei, Columbia University
[slides]
Mark Spiegel, Federal Reserve Bank of San Francisco
[slides]
Joseph Gyourko, Wharton School of Business, University of Pennsylvania
Moderator: Markus Brunnermeier, Princeton University

 

 

 

 

 

Keynote Speaker

Nicholas Lardy

Nicholas Lardy
Peterson Institute for International Economics