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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC. |
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INTER-AMERICAN SEMINAR ON ECONOMICS |
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The Aftermath of Debt Restructuring and Default |
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Sebastian
Edwards and Carmen M. Reinhart, Organizers |
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Royal Sonesta Hotel |
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5 Cambridge Parkway |
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Cambridge, Massachusetts |
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July 12, 2004 |
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PROGRAM |
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MONDAY, JULY 12: |
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8:30 a.m. |
Coffee and Pastries |
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9:00 a.m. |
MARK AGUIAR and GITA
GOPINATH, University of Chicago |
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Emerging Market Business
Cycles: The Cycle is the Trend |
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Discussant: PIERRE-OLIVIER GOURINCHAS, UC, Berkeley and NBER |
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9:50 a.m. |
Break |
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10:00 a.m. |
ALEJANDRO NEUT, BBVA in Madrid |
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ANDRES VELASCO, Harvard
University and NBER |
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Tough Policies,
Incredible Policies? |
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Discussant: CARLOS ZARAZAGA, Federal Reserve Bank of Dallas |
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10:50 a.m. |
Break |
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11:00 a.m. |
JUAN CARLOS BERGANZA and
ALICIA GARCIA HERRERO, Banco de España |
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What Makes Balance Sheet Effects Detrimental for the Country Risk Premium? |
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Discussant: SERGIO SCHMUKLER, The World Bank |
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12:00 N |
Lunch |
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1:30 p.m. |
ASSAF RAZIN, Tel Aviv
University and NBER |
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YONA RUBINSTEIN, Tel Aviv
University |
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Growth Effects of
Exchange Rate Regimes and Capital Account Liberalization |
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in the Presence of
Crises: A Nuanced View |
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Discussant: MENZIE CHINN, University of Wisconsin and
NBER |
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2:20 p.m. |
EMANUEL KOHLSCHEEN,
University of Warwick |
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Discussant: MICHAEL KUMHOF, International Monetary
Fund |
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3:10 p.m. |
Break |
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3:20 p.m. |
FEDERICO WEINSCHELBAUM,
Universidad de San Andres |
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JOSE WYNNE, Duke University |
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Renegotiation,
Collective Action Clauses and Sovereign Debt Markets |
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Discussant: EDUARDO LEVY-YEYATI, Universidad Torcuato di Tella |
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4:10 p.m. |
JACQUES MINIANE, International Monetary Fund |
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JOHN ROGERS, Federal
Reserve Board |
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Capital Controls and the
International Transmission of U.S. Money Shocks |
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Discussant: HALI EDISON, International Monetary Fund |
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5:00 p.m. |
Adjourn |
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7:00 p.m. |
Group Dinner |
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Royal Sonesta Hotel |
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5/28/04 |
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