East Asian seminar on economics.

• Position: Conferences

The NBER, the Australian National University, the Peking University China Center for Economic Research, the ChungHua Institution for Economic Research (Taipei), the Hong Kong University of Science and Technology, the Korea Development Institute, the National University of Singapore, the Tokyo Center for Economic Research, and Tsinghua University jointly sponsored the NBERs 26th Annual East Asian Seminar on Economics. It took place in San Francisco on June 18-19. Research Associates Takatoshi Ito of Columbia University and Andrew K. Rose of the University of California, Berkeley, organized the conference, which focused on "Financial Stability." These papers were discussed:

* Oscar Jorda, Federal Reserve Bank of San Francisco; Moritz Schularick, University of Bonn; and Alan M. Taylor,

University of California, Davis, and NBER, "Leveraged Bubbles"

* Suinit Agarwal, Jessica Pan, and Wenlan Qian, National University of Singapore, "Age of Decision: Pension Savings Withdrawal and Consumption and Debt Response"

* Douglas VC Diamond and Anil K. Kashyap, University of Chicago and NBER, "Liquidity Requirements, Liquidity

Choice, and Financial Stability"

* Frederic Lambert and Kcnichi Ucda, International Monetary Fund, "The Effects of Unconventional Monetary Policies on Bank Soundness"

* Wo on Gyu Choi, Bank of Korea, and David Cook, Hong Kong University of Science and Technology, "Policy Conflicts and Inflation Targeting: The Role of Credit Markets"

* Hao Wang and Hao Zhou, Tsinghua University; Honglin Wang, Hong Kong Institute for Monetary Research; and Lishcng Wang, Chinese University of Hong Kong, "Shadow Banking: China's Dual-Track Interest Rate Liberalization"

* John D. Burger, Loyola University...