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The article provides information on the papers discussed during the National Bureau of Economic Research's 17th Annual East Asian Seminar on Economics on June 22-24, 2006. The papers discussed include "Growth and Returns in Emerging Markets," by Peter B. Henry and Prakash Kannan, "International Currency and the U.S. Current Account Deficits," by Shin-ichi Fukuda and Yoshifumi Kon and "Price Impacts of Deals and Predictability of the Exchange Rate Movements," by Takatoshi Ito and Yuko Hashimoto, among others.

The article discusses the highlights of the 18th Annual East Asian Seminar on Economics of the National Bureau of Economic Research (NBER) held on June 22 to 24, 2007. The conference was organized by Takatoshi Ito of the University of Tokyo and NBER, and Andrew K. Rose of the University of California, Berkeley and NBER. The papers presented and discussed at the conference include "Consolidation of Banks in Japan: Causes and Consequences," by Kaoru Hosono, Koji Sakai and Kotaro Tsuru.

Information on papers discussed at a 2006 meeting of the U.S. National Bureau of Economic Research's Working Group on China is presented. Douglas Almond, Lena Edlund, Hongbin Li and Junsen Zhang presented the paper Long-Term Effects of China's Great Famine in Hong Kong and Mainland China. A paper on firm ownership and investment efficiency in China by David Dollar and Shang-jin Wei was also presented. Yi Qian presented a paper focusing on the impact of counterfeiters and imitators on pricing and marketing.

Reviews some research on issues facing capital account opening, international reserves and development. Reason for the large buildup of international reserve holdings in East Asia; Situations that give rise to the increased demand of precautionary holdings; Benefits of the introduction of reserve requirements; Mechanism facilitating capital flight; Form of capital flow.