Session 1 (1:30-3:10): Corporate Finance and Monetary Policy 1. Why leverage ratios of Chinese industry firms keep declining? By Asso. Prof. Ninghua ZHONG (Tongji University) 2. The credit channel of monetary policy and exports: Solving causality using the impossible trinity By Prof. Shu LIN (Fudan University) 3. Structural changes in Chinese monetary policy By Junhui QIAN (Shanghai Jiao Tong University) Discussions Break (3:10-3:20) Session 2 (3:20-5:30) Macroeconomy, Financial Stability and Government Debt 4. Behavioral macroeconomics and its implications for financial stability By Prof. Paul De Grauwe (London school of Economics & Center for European Policy Studies, Brussels) 5. Information precision and market reactions in an optimal expectations model By Assi. Prof. Yu JIN (Shanghai University of Finance and Economics) 6. Eurozone sovereign debt crises: recent development By Dr. Yuemei JI (Lecturer, Brunel University, London) 7. The Europeanization of Chinese economy and local government debt By Prof. Ming LU (Shanghai Jiao Tong University and Fudan University)