International Fragmentation, Supply Chains, and Financial Frictions
Pol Antràs, Sofía Bauducco, Linda S. Goldberg, and Ṣebnem Kalemli-Özcan, Organizers
March 1-2, 2023
FORMAT: 25 mins for paper presentation, 15 mins for the discussant, remaining time for Q&A.
| Tuesday, February 28 | ||||
| 7:30 pm | Informal Dinner - Liguria Lastarria | |||
| Wednesday, March 1 | ||||
| 8:30 am | Continental Breakfast | |||
| 9:00 am | Opening Remarks, Linda S. Goldberg, Federal Reserve Bank of New York and NBER | |||
|
Session 1: Policy Interactions in Trade and Finance Session Chair: Ṣebnem Kalemli-Özcan, University of Maryland and NBER |
||||
| 9:15 am |
From Carry Trades to Trade Credit: Financial Intermediation by Non-Financial Corporations
|
|||
| 10:15 am |
The 2014 Russia Shock and its Effects on Italian Firms and Banks
|
|||
| 11:15 am | Break | |||
| 11:45 am |
Capital Controls and Free-Trade Agreements
|
|||
| 12:45 pm | Lunch | |||
|
Session 2: Finance and Supply Chain Dynamics Session Chair: Pol Antras, Harvard University and NBER |
||||
| 2:00 pm |
Financial Crises and the Global Supply Chain: Evidence from Multinational Networks
|
|||
| 3:00 pm |
Bound by Ancestors: Immigration, Credit Frictions, and Global Supply Chain Formation
|
|||
| 4:00 pm | Break | |||
| 4:30 pm |
Supply Chain Resilience: Evidence from Indian Firms
|
|||
| 5:30 pm | Adjourn | |||
| 7:30 pm | Reception and Dinner - Castillo Forestal | |||
| Thursday, March 2 | ||||
| 8:45 am | Continental Breakfast | |||
|
Session 3: Uncertainty and Fragmentation Session Chair: Linda Goldberg, Federal Reserve Bank of New York and NBER |
||||
| 9:15 am |
Supply Chain Risk: Changes in Supplier Composition and Vertical Integration
|
|||
| 10:15 am |
Trade Uncertainty and U.S. Bank Lending
|
|||
| 11:15 am | Break | |||
| 11:45 am |
Trade Shocks and Credit Reallocation
|
|||
| 12:45 pm | Lunch | |||
|
Session 4: From Trade Shocks to Banking Session Chair: Sofia Bauducco, Central Bank of Chile |
||||
| 2:00 pm |
Domestic Credit, Trade Finance, and the Trade Tensions of 2016-18: A Prelude to International Fragmentation?
|
|||
| 3:00 pm |
Escaping the Trade War: Finance and Relational Supply Chains in the Adjustment to Trade Policy Shocks
|
|||
| 4:00 pm | Break | |||
| 4:30 pm |
Policy Panel on Fragmentation of Trade and Finance Participants: Pierre-Olivier Gourinchas, International Monetary Fund and NBER Pablo García, Vice Governor, Central Bank of Chile Elías Albagli, Central Bank of Chile Moderator: Ṣebnem Kalemli-Özcan, University of Maryland and NBER |
|||
| 6:00 pm | Adjourn | |||
| 8:00 pm | Informal Dinner - Mestizo | |||