In recent years the Russian and Chinese economies have grown rapidly. At the same time, their importance for the global economy has increased, and they have become more and more integrated with the global economy. December, the Bank of Finland Institute for Economies in Transition (BOFIT) will host a research seminar devoted to this integration process and its consequences.

Programme for seminar

Helsinki, December 11-12, 2007
Bank of Finland Auditorium, Rauhankatu 19, Helsinki

 

Tuesday, December 11

9.00

Opening of the seminar

Sinikka Salo (Bank of Finland)

9.20-10.10

What beyond oil and gas? Russian trade specialisation in manufactures

Olga Garanina (University of Grenoble)

Discussant

Ville Kaitila (The Research Institute of the Finnish Economy)

10.10-11.00

External trade and interindustry structure of Russia – an analysis of input-output tables in 2001-2003

Minoru Yasuda (University of Birmingham)

Discussant

Simon-Erik Ollus (Bank of Finland, BOFIT)


11.00-11.20   Break

11.20-12.10

China in the world economy: Dynamic correlation analysis

Jarko Fidrmuc (University of Munich)
Ivana Bátorová (Comenius University)
Iikka Korhonen (Bank of Finland, BOFIT)

Discussant

Tomasz Kozluk (Organisation for Economic Co-operation and Development)

12.10-13.00

Currency Union in NorthEast Asia countries: Perspectives from international specialization

Yannick Bineau (Université de Lille I)

Discussant

Jarko Fidrmuc (University of Munich)


13.00-14.30   Lunch (by invitation)

14.30-15.20

Is the Chinese banking system benefiting from foreign investors?

Daniel Santabárbara (European Central Bank)
Alicia García-Herrero (Bank for International Settlements)

Discussant

Alexei Karas (Gent University)
15.20-16.00 Are private banks more efficient than public banks? Evidence from Russia

Koen Schoors (Gent University)
Alexei Karas (Gent University)
Laurent Weill (Université Robert Schuman)

Discussant

Daniel Santabárbara (European Central Bank)


18.30 Dinner (by invitation)


Wednesday, December 12

9.00-9.50 Can the Chinese trade surplus be reduced through exchange rate policy?

Tuuli Koivu (Bank of Finland, BOFIT)
Alicia García-Herrero (Bank of International Settlements)

Discussant

Pertti Haaparanta (Helsinki School of Economics)

9.50-10.40

The undisclosed renminbi basket: Are the markets telling us something about where the renminbi - US dollar exchange rate is going?

Michael Funke (Hamburg University)
Marc Gronwald (Hamburg University)

Discussant

Kashif Saleem (Lappeenranta School of Business)


10.40-11.00   Break

11.00-11.50 Trade linkages and macroeconomic effects of oil price

Svetlana Ledyaeva (University of Joensuu)
Iikka Korhonen (Bank of Finland, BOFIT)

Discussant

Aaron Mehrotra (Bank of Finland, BOFIT)


12.00-13.00  Lunch (by invitation)

13.00-13.50 The impact of Chinese monetary policy shocks on East Asia

Aaron Mehrotra (Bank of Finland, BOFIT)
Tomasz Kozluk (Organisation for Economic Co-operation and Development)

Discussant

Koen Schoors (Gent University)
13.50-14.40 Global and regional forces and stock market movements - the case of Russia and China

Tomasz Kozluk (Organisation for Economic Co-operation and Development)

Discussant

Iikka Korhonen (Bank of Finland, BOFIT)

14.40-15.30

International linkage of Russian market and Russian financial crisis: A multivariate GARCH analysis

Kashif Saleem (Lappeenranta School of Business)

Discussant

Michael Funke (Hamburg University)


15.30   Closing of the seminar