Spillovers or Scapegoats? Why Small Countries Should Not Fear Center-Country Monetary and Financial Policy



In this presentation Professor Andrew K. Rose will discuss recent research that analyzes the impact of monetary and financial in center countries (like the United States) for small and emerging economies.

He will discuss beggar-thy-neighbor "currency wars" associated with unconventional monetary policy like quantitative easing and negative nominal interest rates, as well as the impact of the "global financial cycle" on capital flows and credit creation.

Event Details

12:15 pm Registration
12:30 pm Lunch commence
12:50 pm Introduction

Professor Bernard Yeung
Dean and Stephen Riady Distinguished Professor in Finance and Strategic Management, National University of Singapore
President, Asian Bureau of Finance and Economic Research (ABFER)
1:00 pm Academic Luncheon Keynote

Professor Andrew K. Rose
B.T. Rocca Jr. Professor of International Business, Haas School of Business, University of California, Berkeley
Exco Member & Senior Fellow, Asian Bureau of Finance and Economic Research (ABFER)

Moderator:
Professor Bernard Yeung
2:00 pm Adjourn

Speakers

Professor Andrew K. Rose

B.T. Rocca Jr. Professor of International Business, Haas School of Business, University of California, Berkeley
Exco Member & Senior Fellow, Asian Bureau of Finance and Economic Research (ABFER)


Andrew K. Rose is the B.T. Rocca Jr. Professor of International Business in the Economic Analysis and Policy Group, Haas School of Business at the University of California, Berkeley. Read More

Professor Bernard Yeung

Dean and Stephen Riady Distinguished Professor in Finance and Strategic Management, National University of Singapore
President, Asian Bureau of Finance and Economic Research (ABFER)


Bernard Yeung is the Dean and Stephen Riady Distinguished Professor in Finance and Strategic Management and President of the Asia Bureau of Finance and Economic Research at National University of Singapore (NUS) Business School. Before joining NUS in June 2008, he was the Abraham Krasnoff Professor in Global Business, Economics, and Management at New York University (NYU) Stern School of Business. Read More





Dress Code for this event is Office Attire.

Please also note that the event will be governed by the 'Chatham House Rule'.

*In support of global green initiative there will not be printed conference materials. The papers will be linked to the Program when they are received.


Contact Information

Program

Program Directors

Conference Organizer

International Macroeconomics, Money & Banking

Takeo Hoshi (STANFORD)
Program Director
tkohoshi@stanford.edu

Andrew Rose (UC BERKELEY)
Program Director
arose@haas.berkeley.edu

Sumit Agarwal (GEORGETOWN)
Conference Organizer
ushakri@yahoo.com

Giorgio Valente (HKMA)
Conference Organizer
giorgio.valente@icloud.com

Corporate Finance

Randall Morck (ALBERTA)
Program Director
rmorck@ualberta.ca

Kang Jun-Koo (NTU)
Program Director
jkkang@ntu.edu.sg

Angie Low (NTU)
Conference Organizer
aaclow@ntu.edu.sg


Kasper Nielsen (HKUST)
Conference Organizer
nielsen@ust.hk


Yupana Wiwattanakantang (NUS)
Conference Organizer
bizyw@nus.edu.sg

Investment Finance

Massa Massimo (INSEAD)
Program Director
Massimo.MASSA@insead.edu

Allaudeen Hameed (NUS)
Program Director
allaudeen@nus.edu.sg

Roger Loh (SMU)
Conference Organizer
rogerloh@smu.edu.sg


Qian Wenlan (NUS)
Conference Organizer
bizqw@nus.edu.sg


Hong Zhang(TSINGHUA)
Conference Organizer
zhangh@pbcsf.tsinghua.edu.cn

 
Economic Transformation of Asia

Ping Wang (WUSTL)
Program Director
pingwang@artsci.wustl.edu

Wei Shang Jin (COLUMBIA)
Program Director
shangjin.wei@columbia.edu

Davin Chor (NUS)
Conference Organizer
ecschpld@nus.edu.sg

Michael Song (CUHK)
Conference Organizer
zsong@cuhk.edu.hk

 
Accounting

Ke Bin (NUS)
Program Director
bizk@nus.edu.sg

Douglas Skinner (CHICAGO)
Program Director
dskinner@chicagobooth.edu

Hai Lu (SMU)
Conference Organizer
hailu@smu.edu.sg

Haifeng You (HKUST)
Conference Organizer
achy@ust.hk

 

Andrew K. Rose is the B.T. Rocca Jr. Professor of International Business in the Economic Analysis and Policy Group, Haas School of Business at the University of California, Berkeley.  He is also a Research Associate of the National Bureau of Economic Research (based in Cambridge, MA), a Research Fellow of the Centre for Economic Policy Research (based in London, England), and a Senior Fellow of the Asian Bureau of Finance and Economic Research (based in Singapore).  He received his Ph.D. from the Massachusetts Institute of Technology, his M.Phil. from Nuffield College, University of Oxford, and his B.A. from Trinity College, University of Toronto.

Rose has published over one hundred and fifty papers and over ninety articles in refereed economics journals, including the American Economic Review, the Quarterly Journal of Economics, the Review of Economic Studies, and the Journal of Finance.  His research addresses issues in international trade, finance, and macroeconomics, and has received more than 40,000 citations.  His teaching is in the areas of international macroeconomics; he has won two teaching awards.

Rose served as Associate Dean for Academic Affairs and Chair of the Faculty 2010-2016, and was the managing editor of The Journal of International Economics 1995-2001.  He and the founding director of the Clausen Center for International Business and Policy at Haas and the Risk Management Institute at the National University of Singapore.  He has organized over fifty academic conferences.

Rose is interested in the theory and practice of economic policy, and most of his work is applied and driven by "real world" international phenomena.  A citizen of three countries, he has worked on six continents and at a number of international economic agencies, including: the International Monetary Fund, the World Bank, and the Asian Development Bank.  He has also worked at a number of national agencies, including: the US Department of Treasury, HM Treasury (UK), the Canadian Department of Finance; and the central banks of: Australia, Canada, England, Europe, Hong Kong, Israel, Italy, Japan, Netherlands, New Zealand, Singapore, Spain, and the United States.  He has visited a number of other universities, including Cape Town, EUI, FUB, INSEAD, London School of Economics, Melbourne, NUS, Princeton, SHUFE, SMU, Stockholm, Tel Aviv, Tsinghua, ULB, and Victoria. 

×

Bernard Yeung is the Dean and Stephen Riady Distinguished Professor in Finance and Strategic Management and President of the Asia Bureau of Finance and Economic Research at National University of Singapore (NUS) Business School. Before joining NUS in June 2008, he was the Abraham Krasnoff Professor in Global Business, Economics, and Management at New York University (NYU) Stern School of Business. He has also served as the Director of the NYU China House, the honorary co-chair of the Strategy Department of the Peking University Guanghua School of Management. From 1988 to 1999, he taught at the University of Michigan and at the University of Alberta from 1983 to 1988.

Professor Yeung has published widely in academic journals covering topics in Finance, Economics, and Strategy; his writing also appears in top-tier media publications such as The Financial Times and The Wall Street Journal.

He has also won several scholarly honours and awards for academic excellence, including the Irwin Outstanding Educator Award (2013) from the Business Policy and Strategy (BPS) division of the Academy of Management and Teaching Excellence Awards in NYU’s Stern School of Business and University of Michigan’s Ross School of Business.  He is an election Fellow of the Academy of International Business.

Professor Yeung is a member of the Social Science Research Council (SSRC) in Singapore. He was a member of the Economic Strategies Committee in Singapore (2009) and also a member of the Financial Research Council of the Monetary Authority of Singapore (2010 -2013).

Professor Yeung sits on the 3rd Advisory Board of the Antai College of Economics and Management at Shanghai Jiao Tong University, the Research Advisory Council of the Centre for Advanced Financial Research and Learning (CAFRAL), Reserve Bank of India, the Advisory Council of the Economics and Management School of Wuhan University, and an independent Non-executive Director of the Bank of China (BOC) Aviation Limited.

Professor Yeung received his Bachelor of Arts in Economics and Mathematics from the University of Western Ontario and his MBA and PhD degrees from the Graduate School of Business at the University of Chicago.

×