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Journal of International Economics conference on What Future for Financial Globalisation?*
Thursday, 9 and Friday, 10 September 2010
Participation upon invitation only - No media attendance
Day 1 - 9 September 2010
| 8.30 - 9 a.m. | Registration Welcome Desk, Eurotower |
| 9.00 - 9.15 a.m. | Opening address José Manuel González-Páramo, Member of the Executive Board, European Central Bank |
| Session 1: Risk, panics and the role of banks Chair: Charles Engel, University of Wisconsin |
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| 9.15 - 10.30 a.m. | On the global spread of risk panics Philippe Bacchetta, University of Lausanne, Eric van Wincoop*, University of Virginia download Discussants: Mick Devereux, University of British Columbia and Fabio Ghironi, Boston College |
| 10.30 - 10.45 a.m. | Coffee break – Foyer C IV, ET 2nd Floor |
| 10.45 - 12 p.m. | International risk cycles Adrien Verdelhan*, MIT Sloan School of Management and François Gourio, Boston University download Appendix Discussants: Philippe Bacchetta, University of Lausanne and Philip Lane, Trinity College Dublin |
| 12 - 1.15 p.m. | This time is different: Financial integration and the 2007 crisis Sebnem Kalemli-Ozcan*, University of Houston, Elias Papaioannou, Dartmouth College and Fabrizio Perri, University of Minnesota download Discussants: Thorsten Beck, Tilburg University and Claudia Buch, Universität Tübingen |
| 1.15 - 2.30 p.m. | Lunch Foyer C IV, ET 2nd Floor |
| Session 2: Overborrowing, credit and financial crises Chair: Frank Smets, European Central Bank |
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| 2.30 - 3.45 p.m. | International capital flows and credit market imperfections: a tale of two frictions Alberto Martin, Centre de Recerca en Economia Internacional, Universitat Pompeu Fabra and Filippo Taddei*, Collegio Carlo Alberto download Discussants: Paolo Pesenti, Federal Reserve Bank of New York and Luca Dedola, European Central Bank |
| 3.45 - 4 p.m. | Coffee break Foyer C IV, ET 2nd Floor |
| 4.00 - 5.15 p.m. | Overborrowing, financial crises and 'macro-prudential' taxes Javier Bianchi, University of Maryland and Enrique Mendoza*, University of Maryland download Discussants: Charles Engel, University of Wisconsin and Jaume Ventura, Universitat Pompeu Fabra |
| 5.15 - 6.30 p.m. | Inefficient borrowing in production economies Gianluca Benigno*, London School of Economics, Huigang Chen, JD Power and Associates, Christopher Otrok, University of Virginia, Alessandro Rebucci*, Inter-American Development Bank and Eric R.Young, University of Virginia download Discussants: Robert Kollmann, European Center for Advanced Research in Economics and Statistics (ECARES), Université Libre de Bruxelles and Giancarlo Corsetti, European University Institute |
| 7 p.m. | Shuttle bus to dinner venue |
| 7.30 - 10 p.m. | Dinner hosted by Lorenzo Bini Smaghi, Member of the Executive Board, European Central Bank Venue:Hotel Intercontinental, Saal Silhouette |
| * presenters |
Day 2 - 10 September 2010
| 8.00 - 8.30 a.m. | Registration Welcome desk, Eurotower |
| 8.30 - 9.45 a.m. | Keynote lecture: Raghuram Rajan, University of Chicago Chair: Lorenzo Bini Smaghi, Member of the Executive Board, European Central Bank |
| 9.45 - 10 a.m. | Coffee break Foyer C IV, ET 2nd Floor |
| Session 3: Real consequences of financial crises Chair: Frank Moss, European Central Bank |
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| 10.00 - 11.15 a.m. | Does short-term debt increase vulnerability to crisis? Evidence from the East Asian financial crisis Eyal Dvir*, Boston College and Efraim Benmelech, Harvard University download Discussants: Kristin Forbes, Massachusetts Institute of Technology and Enrique Alberola, Banco de España |
| 11.15 - 12.30 p.m. | U.S. international equity investment and past and prospective returns Stephanie E. Curcuru, Board of Governors Federal Reserve System, Charles P. Thomas, Board of Governors Federal Reserve System, Francis E. Warnock*, University of Virginia, Jon Wongswan, Barclays Global Investors download Discussant: Galina Hale, Federal Reserve Bank of San Francisco |
| 12.30 - 2 p.m. | Lunch Foyer C IV, ET 2nd Floor |
| 2.00 - 3.15 p.m. | Financial integration and growth - Is emerging Europe different? Christian Friedrich, Graduate Institute for International and Development Studies Geneva, Isabel Schnabel*, Universität Mainz and Jeromin Zettelmeyer, European Bank for Reconstruction and Development download Discussants: Ayhan Kose, International Monetary Fund and Nauro Campos, Brunel University |
| 3.30 - 5.30 p.m. | Policy Panel: The future of macroeconomic and financial policies Jean-Claude Trichet, President, European Central Bank Raghuram Rajan, University of Chicago Takatoshi Ito, University of Tokyo Enrique Mendoza, University of Maryland |
| 5.30 p.m. | End of the conference |
| * presenters |