
	Monday, July 10
9:00 am	Coffee and Pastries
9:45 am	The Geography of Capital Allocation in the Euro Area Roland Beck, European Central Bank Antonio Coppola, Stanford University Angus J. Lewis, Stanford University Matteo Maggiori, Stanford University and NBER Martin Schmitz, European Central Bank Jesse Schreger, Columbia University and NBER Discussant: Ester Faia, Goethe University Frankfurt
10:25 am	Risk-Free Rates and Convenience Yields Around the World William F. Diamond, University of Pennsylvania Peter Van Tassel Discussant: Arvind Krishnamurthy, Stanford University and NBER
11:05 am	Break
11:20 am	US Public Debt and Safe Asset Market Power Jason Choi, University of Toronto Rishabh Kirpalani, University of Wisconsin-Madison Diego J. Perez, New York University and NBER Discussant: Matteo Maggiori, Stanford University and NBER
12:00 pm	Lunch
1:00 pm	Dollar Asset Holding and Hedging Around the Globe Wenxin Du, Harvard University and NBER Amy W. Huber, University of Pennsylvania Discussant: Motohiro Yogo, Princeton University and NBER
1:40 pm	Asset Prices, Global Portfolios, and the International Financial System Maxime Sauzet, Boston University
2:00 pm	Break
2:10 pm	U.S. Risk and Treasury Convenience (slides) Giancarlo Corsetti, University of Cambridge Simon P. Lloyd, Bank of England Emile A. Marin, University of California, Davis Daniel A. Ostry, Bank of England
2:30 pm	Break
2:40 pm	Following the Fed: Limits of Arbitrage and the Dollar Nikolai Roussanov, University of Pennsylvania and NBER Xiaoliang Wang, Hong Kong University of Science and Technology
3:00 pm	Break
3:10 pm	Long-Horizon Exchange Rate Expectations Lukas Kremens, University of Washington Ian Martin, London School of Economics Liliana Varela, London School of Economics
3:30 pm	Break
3:40 pm	Export Risk and Currency Returns Craig Brown, Purdue University
4:00 pm	Adjourn

Participants

Isha Agarwal, University of British Columbia
Joshua Aizenman, University of Southern California and NBER
Torben G. Andersen, Northwestern University and NBER
Patrick Augustin, McGill University
Philippe Bacchetta, University of Lausanne
Jennie Bai, Georgetown University and NBER
David S. Bates, University of Iowa and NBER
Marianne Baxter, Boston University and NBER
Juliane Begenau, Stanford University and NBER
Frederico Belo, INSEAD
Katharina Bergant, International Monetary Fund
Paul Bergin, University of California, Davis and NBER
Carol Bertaut, Federal Reserve Board
Vincent Bogousslavsky, Boston College
Nicola Borri, LUISS
Michael W. Brandt, Duke University
Jeppe Bro, Norges Bank
Craig Brown, Purdue University
Markus K. Brunnermeier, Princeton University and NBER
Georgia Bush, Banco de México
Julian Caballero, Bank for International Settlements
John Y. Campbell, Harvard University and NBER
Francesca Carrieri, McGill University
Ines Chaieb, University of Geneva
Anusha Chari, University of North Carolina at Chapel Hill and NBER
Gastón Chaumont, University of Rochester
Mikhail Chernov, University of California, Los Angeles and NBER
Menzie D. Chinn, University of Wisconsin-Madison and NBER
Thummim Cho, Korea University Business School
Jason Choi, University of Toronto
Riccardo Colacito, University of North Carolina at Chapel Hill and NBER
Antonio Coppola, Stanford University
Louphou Coulibaly, University of Wisconsin-Madison and NBER
Magnus Dahlquist, Stockholm School of Economics
Kent D. Daniel, Columbia University and NBER
Francis X. Diebold, University of Pennsylvania and NBER
Karlye Dilts Stedman, Federal Reserve Bank of Kansas City
Michael P. Dooley, University of California, Santa Cruz and NBER
Winston Wei Dou, University of Pennsylvania and NBER
Wenxin Du, Harvard University and NBER
Bernard Dumas, INSEAD (France) and NBER
Eduardo Dávila, Yale University and NBER
Charles Engel, University of Wisconsin-Madison and NBER
Egemen Eren, Bank for International Settlements
Federico Esposito, Tufts University
Ester Faia, Goethe University Frankfurt
Xiang Fang, University of Hong Kong
Wayne E. Ferson, University of Southern California and NBER
Kristin Forbes, Massachusetts Institute of Technology and NBER
Xavier Gabaix, Harvard University and NBER
Can Gao, University of St. Gallen
Stefania Garetto, Boston University and NBER
Francesco Giavazzi, Bocconi University and NBER
Linda S. Goldberg, Federal Reserve Bank of New York and NBER
Robert Goldstein, University of Minnesota and NBER
Niels Joachim Gormsen, University of Chicago and NBER
Mark Grinblatt, University of California, Los Angeles and NBER
Galina Hale, University of California, Santa Cruz and NBER
Bryan Hardy, Bank for International Settlements
Kazuhiro Hiraki, Bank of Japan
Robert J. Hodrick, Columbia University and NBER
Jingxian Hu, Boise State University
Amy W. Huber, University of Pennsylvania
Benjamin M. Hébert, Stanford University and NBER
Ravi Jagannathan, Northwestern University and NBER
Kristy A.E. Jansen, University of Southern California
Olivier Jeanne, Johns Hopkins University and NBER
Zhengyang Jiang, Northwestern University and NBER
Lawrence J. Jin, Cornell University and NBER
Tristan Jourde, Banque de France
Marcin Kacperczyk, Imperial College London
Ṣebnem Kalemli-Özcan, University of Maryland and NBER
Rohan Kekre, University of Chicago and NBER
Lorena Keller, University of Pennsylvania
Rishabh Kirpalani, University of Wisconsin-Madison
Leonid Kogan, Massachusetts Institute of Technology and NBER
Ralph S. J. Koijen, University of Chicago and NBER
Robert Kollmann, Université Libre de Bruxelles
Péter Kondor, London School of Economics
Lukas Kremens, University of Washington

Arvind Krishnamurthy, Stanford University and NBER
Eben Lazarus, University of California, Berkeley
Richard M. Levich, New York University and NBER
Jonathan Lewellen, Dartmouth College and NBER
Karen K. Lewis, University of Pennsylvania and NBER
Edith Liu, Federal Reserve Board of Governors
Simon P. Lloyd, Bank of England
Juan M. Londono, Federal Reserve Board
Hanno Lustig, Stanford University and NBER
Matteo Maggiori, Stanford University and NBER
Rui Mano, International Monetary Fund
Emile A. Marin, University of California, Davis
Thomas A. Maurer, The University of Hong Kong
Rajnish Mehra, Arizona State University and NBER
Konstantin Milbradt, Northwestern University and NBER
Denis Mokanov, University of California at Los Angeles
Alan Moreira, University of Rochester and NBER
Tyler Muir, University of California, Los Angeles and NBER
Dmitry Mukhin, London School of Economics
Tsvetelina Nenova, London Business School
James O'Donovan, City University of Hong Kong
Daniel A. Ostry, Bank of England
Cecilia Parlatore, New York University and NBER
Ella Patelli, University of British Columbia
Bruno Pellegrino, Columbia University
Diego J. Perez, New York University and NBER
Carolin Pflueger, University of Chicago and NBER
Thomas Philippon, New York University and NBER
Christopher Polk, London School of Economics
Richard Portes, London Business School and NBER
Sungjune Pyun, National University of Singapore
Vincenzo Quadrini, University of Southern California and NBER
Angelo Ranaldo, University of St.Gallen
Alessandro Rebucci, Johns Hopkins University and NBER
Carmen M. Reinhart, Harvard University and NBER
Hélène Rey, London Business School and NBER
Robert J. Richmond, New York University and NBER
Nikolai Roussanov, University of Pennsylvania and NBER
Jumana N. Saleheen, Vanguard
Juliana Salomao, University of Minnesota and NBER
Lucio Sarno, University of Cambridge
Maxime Sauzet, Boston University
Alexi Savov, New York University and NBER
Jesse Schreger, Columbia University and NBER
Eduardo S. Schwartz, University of California, Los Angeles and NBER
Ilhyock Shim, Bank for International Settlements
Samer Shousha, BWGI and Insper
Ina Simonovska, University of California, Davis and NBER
Emil Siriwardane, Harvard University and NBER
Chester S. Spatt, Carnegie Mellon University and NBER
Vania Stavrakeva, London Business School
Lars E.O. Svensson, Stockholm School of Economics and NBER
Siang Meng Tan, Monetary Authority of Singapore
Alan M. Taylor, Columbia University and NBER
Tammaro Terracciano, IESE Business School
Linda Tesar, University of Michigan and NBER
Fabrice Tourre, Baruch College
Rosen Valchev, Boston College and NBER
Peter Van Tassel
Liliana Varela, London School of Economics
Dimitri Vayanos, London School of Economics and NBER
Andrea Vedolin, Boston University and NBER
Adrien Verdelhan, Massachusetts Institute of Technology and NBER
Emil Verner, Massachusetts Institute of Technology and NBER
Jiang Wang, Massachusetts Institute of Technology and NBER
Xiaoliang Wang, Hong Kong University of Science and Technology
Francis E. Warnock, University of Virginia and NBER
Michael Weber, University of Chicago and NBER
Tomas Williams, George Washington University
Wei Xiong, Princeton University and NBER
Chenzi Xu, Stanford University and NBER
Motohiro Yogo, Princeton University and NBER
Kathy Yuan, London School of Economics
Vivian Yue, Emory University and NBER
Shaojun Zhang, The Ohio State University
Tengfei Zhang, Rutgers University
Tony Zhang, Federal Reserve Board
Irina Zviadadze, HEC Paris
Eric van Wincoop, University of Virginia and NBER