Monetary Policy and Financial Stability

Laurence M. Ball, Ṣebnem Kalemli-Özcan, and Turalay Kenc, Organizers

June 13-15, 2014

Conference Code of Conduct

Friday, June 13
1
Emmanuel Farhi, Harvard University
Iván Werning, Massachusetts Institute of Technology and NBER

Dilemma not Trilemma? Capital Controls and Exchange Rates with Volatile Capital Flows
2
Laura Alfaro, Harvard University and NBER
Anusha Chari, University of North Carolina at Chapel Hill and NBER
Fabio Kanczuk, University of Sao Paolo

The Real Effects of Capital Controls: Credit Constraints, Exporters and Firm Investment
3
Cecilia Dassatti, Central Bank of Uruguay
José-Luis Peydró, Universitat Pompeu Fabra

Macroprudential and Monetary Policy: Loan-Level Evidence from Reserve Requirements
4
Markus Brunnermeier, Princeton University and NBER
Yuliy Sannikov, Stanford University

International Credit Flows, Pecuniary Externalities, and Capital Controls
5
Anton Korinek, University of Virginia and NBER
Damiano Sandri, Bank for International Settlements

Capital Controls or Macroprudential Regulation?
6
Julien Bengui, Bank of Canada
Javier Bianchi, Federal Reserve Bank of Minneapolis

Capital Flow Management When Capital Controls Leak
7
Koray Alper, Central Bank of Turkey
Mahir Binici, Central Bank of Turkey
Selva Demiralp, Koç University
Hakan Kara, Bilkent University
Pinar Özlü, Central Bank of Turkey

Required Reserves, Liquidity Risk, and Credit Growth
8
Pablo Federico, BlackRock, Inc.
Carlos Vegh, Johns Hopkins University and NBER
Guillermo Vuletin, The World Bank

Effects and Role of Macroprudential Policy: Evidence from Reserve Requirements Based on a Narrative Approach