Navigation Path: Home > Events > Conferences & seminars > Conference on Global Financial Linkages, Transmission of Shocks and Asset Prices
Please note that the conference's attendance is by invitation only.
Programme
| 08:30 – 09:00 | Registration (Welcome desk, Eurotower, Kaiserstrasse 29) |
| 09:00 – 09:15 | Opening address Jürgen Stark (Member of the Executive Board, European Central Bank) |
| 09:15 – 10:15 | Keynote lecture Robert Merton (Harvard University) |
| 10:15 – 10:45 | Coffee Break (Foyer C IV, ET 2nd Floor) |
| Session 1 | Capital flows and asset prices Chair: Frank Moss (European Central Bank) |
| 10:45 – 11:45 | Mark L. J. Wright (University of California, Los Angeles) Where Did Capital Flow? Fifty Years of International Rate of Return Differentials and Capital Flows (with Lee Ohanian) Discussant: Jaume Ventura (Universitat Pompeu Fabra) |
| 11:45 – 12:45 | Hélène Rey (London Business School) Global Portfolio Rebalancing Under the Microscope (with Harald Hau) Discussant: Philippe Bacchetta (Université de Lausanne) |
| 12:45 – 14:00 | Lunch (Foyer C IV, ET 2nd Floor) |
| 14:00 – 15:00 | Juan-Carlos Hatchondo (Federal Reserve Bank of Richmond) Asset Trading and Valuation with Uncertain Exposure (with P. Krusell and M. Schneider) Discussant: Bruno Biais, Toulouse University |
| Session 2 | Exchange rates and global adjustments Chair: Frank Smets (European Central Bank) |
| 15:00 – 16:00 | Martin S. Eichenbaum (Northwestern University) Do Peso Problems Explain the Returns to the Carry Trade (with Craig Burnside, Isaac Kleshchelski and Sergio Rebelo) Discussant: Mark P. Taylor (Warwick University) |
| 16:00 – 16:30 | Coffee Break (Foyer C IV, ET 2nd Floor) |
| 16:30 – 17:30 | Roland Straub (European Central Bank) Asset Prices and Current Account Fluctuations in Industrialized Economies (with Marcel Fratzscher) Discussant: Gianluca Benigno (London School of Economics) |
| 17:30 – 18:30 | Gian Maria Milesi-Ferretti (IMF) Fundamentals at Odds? The U.S. Current Account Deficit and the Dollar Discussant: Philippe Martin (Université Paris 1 Panthéon-Sorbonne) |
| 19:30 – 22:00 | Dinner (attendance is by invitation only)
Hosted by Lorenzo Bini Smaghi (Member of the Executive Board, European Central Bank) Dinner speech: Lorenzo Bini Smaghi (Member of the Executive Board, European Central Bank) |
| 08:00 – 08:30 | Registration (Welcome desk, Eurotower, Kaiserstrasse 29) |
| 08:30 – 10:30 | Policy Panel: Global financial linkages, asset prices and the recent financial turmoil: the long term policy implications Chair: Jean-Claude Trichet (President, European Central Bank) Panellists: Jean-Claude Trichet (President, European Central Bank) Josef Ackermann (CEO, Deutsche Bank) Charles Dallara (Managing Director, IIF) Robert Merton (Professor, Harvard University) |
| 10:30 – 11:00 | Coffee Break (Foyer C IV, ET 2nd Floor) |
| 11:00 – 12:00 | Keynote lecture – The Subprime Turmoil: What's Old, What's New, and What's Next Charles Calomiris (Columbia University) |
| Session 3 | International transmission mechanisms and the recent financial turmoil Chair: Philippe Moutot (European Central Bank) |
| 12:00 – 13:00 | Linda Goldberg (Federal Reserve Bank of New York) Banking Globalization, Monetary Transmission, and the Lending Channel (with Nicola Cetorelli) Discussant: Wouter J. Den Haan (University of Amsterdam) |
| 13:00 – 14:30 | Lunch (Foyer C IV, ET 2nd Floor) |
| 14:30 – 15:30 | Shang-Jin Wei (Columbia University) Real Effects of the Subprime Mortgage Crisis (with Hui Tong) Discussant: Volker Wieland (European Central Bank and Frankfurt University) |
| 15:30 – 16:30 | Pierre-Olivier Gourinchas (University of California, Berkeley) Financial Crash, Commodity Prices and Global Imbalances (with Ricardo Caballero and Emmanuel Farhi) Discussant: Giancarlo Corsetti (European University Institute) |
| 16:30 | End of conference |
