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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SI 2015 International Asset Pricing

Karen K. Lewis, Organizer

July 8, 2015

University Room - BC
Royal Sonesta Hotel
40 Edwin H. Land Blvd.
Cambridge, MA

PROGRAM

Wednesday, July 08
12:00 noon	Lunch
	Session I: Foreign Exchange Risk
1:00 pm	Kent D. Daniel, Columbia University and NBER Robert J. Hodrick, Columbia University and NBER Zhongjin Lu, Columbia University The Carry Trade: Risks and Drawdowns Discussant: Nikolai Roussanov, University of Pennsylvania and NBER
1:55 pm	Francesca Brusa, University of Oxford Tarun Ramadorai, University of Oxford Adrien Verdelhan, MIT and NBER The International CAPM Redux Discussant: Michael Brandt, Duke University and NBER
2:50 pm	Break
	Session II: International Capital Flows and Asset Prices
3:10 pm	Nicolae B. Garleanu, University of California at Berkeley and NBER Stavros Panageas, University of Chicago and NBER Jianfeng Yu, University of Minnesota Impediments to Financial Trade: Theory and Measurement Discussant: Martin Schneider, Stanford University and NBER
4:05 pm	Riccardo Colacito, University of North Carolina at Chapel Hill Mariano Croce, University of North Carolina at Chapel Hill Federico Gavazzoni, INSEAD Robert Ready, University of Rochester Currency Risk Factors in a Recursive Multi-Country Economy. Discussant: Emmanuel Farhi, Harvard University and NBER
5:00 pm	Adjourn
6:00 pm	Clambake, Royal Sonesta Hotel