|   | International Finance and Macroeconomics Program Meeting Organized by Cristina Arellano and Oleg Itskhoki March 6, 2020 Hyatt Regency San Francisco, 5 Embarcadero Center, San Francisco, CA | 
| Thursday, March 5 | |
| 6:30 pm | Dinner Perbacco Restaurant 230 California Street San Francisco, CA | 
| Friday, March 6 | |
| 8:00 am | Continental Breakfast | 
| 8:30 am | Deviations from FIRE and Exchange Rates: A GE Theory of Supply and Demand 
    Discussant: Matteo Maggiori, Stanford University and NBER | 
| 9:30 am | Optimal Monetary Policy under Dollar Pricing 
    Discussant: Paolo A. Pesenti, Federal Reserve Bank of New York and NBER | 
| 10:30 am | Break | 
| 10:45 am | The Global Factor Structure of Exchange Rates 
    Discussant: Hanno Lustig, Stanford University and NBER | 
| 11:45 am | Arbitrage Capital of Global Banks 
    Discussant: Romain Rancière, University of Southern California and NBER | 
| 12:45 pm | Lunch- Market Street Dining Room | 
| 1:45 pm | Sovereign Debt, Default Risk, and the Liquidity of Government Bonds 
    Discussant: Alessandro Dovis, University of Pennsylvania and NBER | 
| 2:45 pm | Break | 
| 3:00 pm | Tracing the International Transmission of a Crisis Through Multinational Firms 
    Discussant: Doireann Fitzgerald, Federal Reserve Bank of Minneapolis | 
| 4:00 pm | Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach 
    Discussant: Yan Bai, University of Rochester and NBER | 
| 5:00 pm | Adjourn |