Emerging Markets: Capital Flows, Debt Overhang, Inflation, and Growth
Cristina Arellano, Saki Bigio, and Paulina Restrepo-Echavarria, Organizers
May 20-21, 2024
Supported by Supported by the National Bureau of Economic Research (NBER), the Latin American Reserve Fund (FLAR), and Banco Central de Reserva del Peru
Lima, Peru
| Monday, May 20 | ||||
| 9:00 am |
Lorena Keller, University of Pennsylvania Arbitraging Covered Interest-Rate Parity Deviations and Bank Lending
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| Break | ||||
| 10:15 am |
Pablo A. Guerrón-Quintana, Boston College Grey Gordon, Federal Reserve Bank of Richmond A Quantitative Theory of Hard and Soft Sovereign Defaults
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| Break | ||||
| 11:30 am |
Matias Moretti, University of Rochester Lorenzo Pandolfi, CSEF Sergio L. Schmukler, The World Bank German Villegas-Bauer, International Monetary Fund Tomas Williams, George Washington University Inelastic Demand Meets Optimal Supply of Risky Sovereign Bonds
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| Break | ||||
| 2:00 pm |
Nicholas Trachter, Federal Reserve Bank of Richmond Francisco J. Buera, Washington University in St. Louis and NBER Sectoral Development Multipliers
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| Adjourn | ||||
| 3:15 pm |
Francesco Ferrante, Federal Reserve Board Nils Gornemann, Federal Reserve Board Devaluations, Deposit Dollarization, and Household Heterogeneity
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| 4:30 pm |
Fernando Arce, Federal Reserve Bank of Chicago Nicolas D. Werquin, Federal Reserve Bank of Chicago Tax Revolts and Sovereign Defaults
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| Adjourn | ||||
| Tuesday, May 21 | ||||
| 9:00 am |
Pierre De Leo, University of Maryland Gita Gopinath, International Monetary Fund Ṣebnem Kalemli-Özcan, Brown University and NBER Monetary Policy and the Short-Rate Disconnect in Emerging Economies
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| Break | ||||
| 10:15 am |
Enrique G. Mendoza, University of Pennsylvania and NBER Vincenzo Quadrini, University of Southern California and NBER The Surge in Emerging Markets' International Reserves and the Rise in Global Volatility
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| Break | ||||
| 11:30 am |
Paul Bergin, University of California, Davis and NBER Ju H. Pyun, Korea University Woo Jin Choi, University of Seoul Capital Flows, Structural Change, and Productivity Growth
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| Lunch | ||||
| 2:00 pm |
Julien Bengui, Bank of Canada Louphou Coulibaly, University of Wisconsin-Madison and NBER Inflation and Capital Flows
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| Break | ||||
| 3:15 pm |
Pablo A. Neumeyer, Universidad Torcuato Di Tella Emilio c. Espino, Universidad Torcuato Di Tella Alfonso Gauna, Universidad Torcuato Di Tella Models of Balance of Payments Crisis with Capital Controls
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| 4:30 pm |
Policy Panel: Fiscal and Monetary Challenges in Emerging Markets Timothy Kehoe, University of Minnesota and NBER Federico Sturzenegger, Universidad San Andres Jose Uribe, Executive President of FLAR Julio Velarde, Governor of the Central Bank of Peru |
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