Emerging and Frontier Markets: Capital Flows, Resiliency, Risks, and Growth
Mark A. Aguiar, Cristina Arellano, and Ṣebnem Kalemli-Özcan, Organizers
May 9-10, 2022
Hyatt Regency, Cartagena, Colombia
| Monday, May 9 | ||||
| 9:00 am |
Enrique G. Mendoza, University of Pennsylvania and NBER Vincenzo Quadrini, University of Southern California and NBER Global Demand for Financial Assets, Falling Real Interest Rates and Macroeconomic Instability
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| 10:00 am | Break | |||
| 10:15 am |
Lawrence Christiano, Northwestern University and NBER Hüsnü Dalgic, University of Mannheim Armen Nurbekyan, Central Bank of Armenia Financial Dollarization in Emerging Markets: Efficient Risk Sharing or Prescription for Disaster?
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| 11:15 am | Break | |||
| 11:30 am |
Liliana Varela, London School of Economics Laura Alfaro, Harvard University and NBER Mauricio Calani, Central Bank of Chile Currency Hedging: Managing Cash Flow Exposure
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| 12:30 pm | Lunch | |||
| 2:00 pm |
Andrea Fabiani, Bank of Italy Martha Lopez, Central Bank of Colombia Jose-Luis Peydro, Universitat Pompeu Fabra Paul Soto, Federal Reserve Board Capital Controls, Corporate Debt and Real Effects
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| 3:00 pm | Break | |||
| 3:15 pm |
Yasin Kürşat Önder, Ghent University Maria Alejandra Ruiz-Sanchez, Central Bank of Colombia Mauricio Villamizar-Villegas, Central Bank of Colombia Debt Moratorium: Theory and Evidence
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| 4:15 pm | Break | |||
| 4:30 pm |
Bryan Hardy, Bank for International Settlements Karen K. Lewis, University of Pennsylvania and NBER Xiang Fang, University of Hong Kong Who Holds Sovereign Debt and Why It Matters
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| 5:30 pm | Adjourn | |||
| Tuesday, May 10 | ||||
| 9:00 am |
Manuel Amador, University of Minnesota and NBER Javier Bianchi, Federal Reserve Bank of Minneapolis Bank Runs, Fragility, and Credit Easing
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| 10:00 am | Break | |||
| 10:15 am |
Ina Simonovska, University of California, Davis and NBER Felipe Saffie, University of Virginia and NBER Bryan Hardy, Bank for International Settlements Economic Stabilizers in Emerging Markets: The Case for Trade Credit
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| 11:15 am | Break | |||
| 11:30 am |
Juan C. Hatchondo, University of Western Ontario Leonardo Martinez, International Monetary Fund César Sosa-Padilla, University of Notre Dame and NBER Sovereign Debt Standstills
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| 12:30 pm | Lunch | |||
| 2:00 pm |
Haonan Zhou, University of Hong Kong Open Economy, Redistribution, and the Aggregate Impact of External Shocks
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| 3:00 pm | Break | |||
| 3:15 pm |
Oleg Itskhoki, University of California, Los Angeles and NBER Dmitry Mukhin, London School of Economics Optimal Exchange Rate Policy
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| 4:30 pm |
Pierre-Olivier Gourinchas, Economic Counsellor and Director of Research, International Monetary Fund Maurice Obstfeld, University of California, Berkeley and NBER José Darío Uribe, FLAR Executive President Dr. Mauricio Villamizar, Banco de la República, Co-Director |
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| 6:00 pm | Adjourn | |||