Joint European Central Bank / Federal Reserve Board and the Federal Reserve Bank of New York conference

Global Research Forum: International macroeconomics and finance

Thursday, 29 and Friday, 30 November 2018, Frankfurt am Main
European Central Bank: Main building, High-rise tower south (HS) C41.01

Programme

Thursday, 29 November 2018

8:30
Registration and breakfast
9:00

Welcome address

Luis de Guindos, Vice-President, European Central Bank

 

Session 1: Central banks and international bank funding

Chair: Livio Stracca, European Central Bank

9:20

Banking, trade and the making of a dominant currency

Gita Gopinath, International Monetary Fund and Jeremy Stein, Harvard University
Discussant: Cédric Tille, The Graduate Institute, Geneva

10:10

Financial crises, dollarization and lending of last resort in open economies

Guido Lorenzoni, Northwestern University and Luigi Bocola, Stanford University
Discussant: Tommaso Monacelli, Bocconi University

11:00
Coffee break
11:10

Central bank swap lines

Saleem Bahaj, Bank of England and Ricardo Reis, London School of Economics
Discussant: Fabiola Ravazzolo, Federal Reserve Bank of New York

12:00

Breakdown of covered interest parity: mystery or myth?

Alfred Wong and Jiayue Zhang, Hong Kong Monetary Authority
Discussant: Dagfinn Rime, BI Norwegian Business School

12:50

Lunch

 

Session 2: International capital flows and financial stability

Chair: Paola Donati, European Central Bank

14:00

A model of fickle capital flows and retrenchment

Ricardo Caballero and Alp Simsek, Massachusetts Institute of Technology
Discussant: Signe Krogstrup, International Monetary Fund

14:50

International spillovers and local credit cycles

Şebnem Kalemli-Özcan, University of Maryland, Yusuf Soner Baskaya, Central Bank of Turkey, Julian di Giovanni, Universitat Pompeu Fabra and Mehmet Fatih Ulu, Central Bank of Turkey
Discussant: Ozge Akinci, Federal Reserve Bank of New York

15:40

Coffee break

15:50

International coordination of macro-prudential and monetary policies

Enisse Kharroubi and Giovanni Lombardo, Bank for International Settlements
Discussant: Ester Faia, Goethe University, Frankfurt

16:40

Modeling your stress away

Friederike Niepmann and Viktors Stebunovs, Federal Reserve Board
Discussant: Christoffer Kok, European Central Bank

17:30

Reception

18:30

Dinner (by invitation only)

Friday, 30 November 2018

8:30
Breakfast
 

Session 3: Rethinking financial stability in domestic and international settings

Chair: Beth Anne Wilson, Federal Reserve Board

9:00

Keynote speech

Luc Laeven, European Central Bank

9:50

Rethinking financial stability

Sujit Kapadia, European Central Bank, David Aikman, Bank of England, Andrew Haldane, Bank of England and Marc Hinterschweiger, Bank of England
Discussant: Charles Goodhart, London School of Economics

10:40

Coffee break

10:55

Global financial cycles and risk premiums

Moritz Schularick, University of Bonn, Òscar Jordà, Federal Reserve Bank of San Francisco, Alan Taylor, University of California and Felix Ward, University of Bonn
Discussant: Mohammad Jahan-Parvar, Federal Reserve Board

11:45

The global financial cycle: structural drivers and transmission channels

Maurizio Habib, European Central Bank and Fabrizio Venditti, Banca d’Italia
Discussant: Anusha Chari, University of North Carolina

12:35

Lunch

13:45

Panel

Moderator: Benoît Cœuré, Member of the Executive Board, European Central Bank
Panellists: Vítor Constâncio, former Vice-President, European Central Bank, Linda Goldberg, Federal Reserve Bank of New York and Gian Maria Milesi-Ferretti, International Monetary Fund, Tara Rice (BlackRock) and Nicolas Véron (Bruegel and at Peterson Institute for International Economics)

14:45

Adjourn

General information

Venue

European Central Bank
Main building, High-rise tower south (HS) C41.01
Sonnemannstrasse 20
60314 Frankfurt am Main
Tel.: +49 (0) 69 1344 0
Fax: +49 (0) 69 1344 6000

Language

English

Transfers

Participants are requested to arrange their own transfers, unless indicated otherwise.

Contacts Organisers
  • Ozge Akinci, Federal Reserve Bank of New York
  • Roland Beck, European Central Bank
  • Paola Donati, European Central Bank
  • Linda Goldberg, Federal Reserve Bank of New York
  • John Rogers, Federal Reserve Board
  • Livio Stracca, European Central Bank

This programme may be subject to change without notice.