Held on February 16-17, 2017 at Princeton University, this conference explored how China is confronting its growing social and economic challenges following decades of unprecedented growth. 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? Videos, papers presented, and corresponding slides from are posted below. Selected photos from the conference are here.
Videos, Papers & Slides
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China’s international politics and economics
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Household surveys and income/wealth inequality
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Policy Risk in China
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"The Long Shadow of a Fiscal Expansion"
Chang-Tai Hsieh, The University of Chicago Booth School of Business
[slides]
Discussant: Yi Huang, The Graduate Institute Geneva
[slides]
"China's Model of Managing the Financial System"
Wei Xiong, Princeton University
[slides]
Discussant: William Cong, The University of Chicago Booth School of Business
[slides]
Chair: Nobuhiro Kiyotaki, Princeton University -
Keynote Address
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Shadow Banking
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"In the Shadow of Banks: Wealth Management Products and Issuing Banks' Risk in China"
Jun Qian, Shanghai Advanced Institute of Finance
[slides]
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]
Discussant: Hui Chen, Massachusetts Institute of Technology
[slides]
Chair: Motohiro Yogo, Princeton University -
Rising Leverage in China
Keynote Speaker
Nicholas Lardy, Peterson Institute for International Economics