FRIDAY, SEPTEMBER 13:
9:15 AM Opening Remarks
9:20 AM Session 1
Chair: MAGNUS BLOMSTROM, Stockholm School of Economics and NBER
JOE PEEK, University of Kentucky
ERIC ROSENGREN, Federal Reserve Bank of Boston
Corporate Affiliations and the (Mis)Allocation of Credit
Discussant: KAORU HOSONO, Nagoya City University
PATRICK MCGUIRE, Bank for International Settlements
Bank Ties and Bond Market Access:
Evidence on Investment-Cash Flow Sensitivity in Japan
Discussant: KAZUYUKI SUZUKI, Meiji University
11:20 AM Break
11:45 AM Session 2
Chair: HUGH PATRICK, Columbia University
JOHN SUTTON, London School of Economics
Market Share Dynamics in Japanese Manufacturing
Discussant: THOMAS HUBBARD, University of Chicago and NBER
12:45 PM Lunch, Introduced by Hugh Patrick
Speaker: HARUHIKO KURODA
Vice Minister for International Affairs, Ministry of Finance of Japan
2:15 PM Session 3
Chair: ANIL KASHYAP, University of Chicago and NBER
RASMUS FATUM, University of Alberta
MICHAEL HUTCHISON, UC, Santa Cruz
Is Foreign Exchange Market Intervention an Alternative to Monetary Policy?
Evidence from Japan
Discussant: LINDA TESAR, University of Michigan and NBER
TAKATOSHI ITO, University of Tokyo and NBER
Is Foreign Exchange Intervention Effective?
The Japanese Experiences in the 1990s
Discussant: LINDA TESAR, University of Michigan and NBER
3:45 PM Break
4:15 PM Session 4
Chair: MASARU YOSHITOMI, Asian Development Bank Institute
Panel Discussion on Monetary Policy
Speakers: ROBERT FELDMAN, Morgan Stanley Japan Ltd.
TAKATOSHI ITO, University of Tokyo and NBER
NOBUYUKI NAKAHARA, Former Member, BOJ Policy Board
5:45 PM Adjourn
6:30 PM Conference Reception
Swedish Embassy
SATURDAY, SEPTEMBER 14:
9:30 AM Session 5
Chair: JENNIFER CORBETT, Australian National University
KAZUO OGAWA, Osaka University
Financial Distress and Employment:
The Japanese Case in the 90s
Discussant: HIDEHIKO ICHIMURA, University College London
TOKUO IWAISAKO, Hitotsubashi University
Household Portfolios in Japan:
Interaction between Equity and Real Estate Holdings over the Life Cycle
Discussant: LUIGI GUISO, Universita di Sassari
11:30 AM Break
12:00 PM Session 5 continued
YASUSHI HAMAO, University of Southern California
JIANPING MEI, New York University
YEXIAO XU, University of Texas
Idiosyncratic Risk and Creative Destruction in Japan
Discussant: JESSICA WACHTER, New York University and NBER
1:00 PM Lunch
2:30 PM Session 6
Chair: FUMIO HAYASHI, University of Tokyo and NBER
COLIN MAYER, University of Oxford
KOEN SCHOORS, University of Ghent
YISHAY YAFEH, Hebrew University
Sources of Funds and Investment Activities of Venture Capital Funds:
Evidence from Germany, Israel, Japan and the UK
Discussant: SEKI OBATA, Hitotsubashi University
DONALD DAVIS and DAVID WEINSTEIN, Columbia University and NBER
A Search for Multiple Equilibria in Urban Industrial Structure
Discussant: TAKATOSHI TABUCHI, University of Tokyo
4:30 PM Adjourn
9/6/02