Authors, please upload your paper here.

 

 

 

 

Preconference for NBER-Sloan Project on

The Global Financial Crisis

 

Organizers: Charles Engel, Kristin Forbes and Jeffrey Frankel

 

July 14-15, 2010

 

Royal Sonesta Hotel

Parkview Room

40 Edwin H. Land Blvd.

Cambridge, MA

 

 

Program

Wednesday, July 14:

 

1:45 pm

Welcome and Conference Background

 

Setting the Stage: Causes of the Crisis

2:00 pm

Macroeconomic Implications of Global Financial Integration

Philip Lane, Trinity College Dublin

Gian Maria Milesi Ferretti, IMF

 

2:25 pm

ABS Inflows to the U.S. and the Global Financial Crisis

Carol Bertaut, Federal Reserve Board

Steven Kamin, Federal Reserve Board

Laurie Pounder, Federal Reserve Board

Ralph Tryon, Federal Reserve Board

 

2:50 pm

Leverage Across Firms, Banks and Countries

Sebnem Kalemli-Ozcan, University of Houston and NBER

Bent Sorensen, University of Houston

Sevcan Yesiltas, Johns Hopkins University

 

3:05 pm

BREAK

 

3:30 pm

Managing Capital Inflows: The Role of Controls and Prudential Policies

Marcos Chamon, IMF

Atish Ghosh, IMF

Jonathan Ostry, IMF

Mahvash Qureshi, IMF

 

The International Transmission of the Crisis

3:55 pm

Surges, Stops, Flight and Retrenchment

Kristin Forbes, MIT and NBER

Francis Warnock, University of Virginia and NBER

 

4:20 pm

BREAK

 

4:35 pm

The Role of Capital Flows and Investment Fund Contagion in the Global Crisis

Marcel Fratzscher, European Central Bank

 

5:00 pm

The Channels for the Real Collateral Damage of the 2007-2009 Global Financial Crisis: Evidence from Firms in 44 Countries

Stijn Claessens, IMF

Hui Tong, IMF

Shang-Jin Wei, Columbia University and NBER

 

5:25 pm

ADJOURN

 

 

6:00 pm

Clambake at Harvard Faculty Club

FOR ALL SUMMER INSTITUTE PARTICIPANTS

 

7:30 pm

Dessert, Coffee and Port at Kristin Forbes’ Home

FOR PARTICIPANTS IN GLOBAL FINANCIAL CRISIS PROJECT

352 Beacon Street #6 (between Fairfield and Gloucestor)

in the Back Bay in Boston, Phone #: 617-375-5575

 

 

Thursday, July 15:

 

The International Transmission of the Crisis (cont.)

1:00 pm

Exorbitant Privilege and Exorbitant Duty

Pierre-Olivier Gourinchas, UC, Berkeley and NBER

Hélène Rey, London Business School and NBER

 

1:25 pm

Liquidity Management in Global Banks: Evidence and Consequences

Nicola Cetorelli, Federal Reserve Bank of New York

Linda Goldberg, Federal Reserve Bank of New York and NBER

 

1:50 pm

Bank Relationships, Business Cycles and Financial Crisis

Galina Hale, Federal Reserve Bank of San Francisco

 

2:15 pm

BREAK

 

Macroeconomic Policy Responses around the World

2:30 pm

International Reserves and the Global Financial Crisis

Kathryn Dominguez, University of Michigan and NBER

Yuko Hashimoto, IMF

Takatoshi Ito, University of Tokyo and NBER

 

2:55 pm

Dollar Illiquidity and Central Bank Facilities During the U.S. Sub-Prime Crisis

Andrew Rose, UC, Berkeley and NBER

Mark Spiegel, Federal Reserve Bank of San Francisco

 

3:20 pm

BREAK

 

 

3:35 pm

Fiscal Stabilization on a Global Scale: The Role of the Exchange Rate Regime

Giancarlo Corsetti, European University Institute

Andre Meier, IMF

Gernot Mueller, University of Bonn

 

4:00 pm

The Coevolution of Emerging Market Crises and the IMF

Bergljot Barkbu, IMF

Barry Eichengreen, UC, Berkeley and NBER

Ashoka Mody, IMF

 

 

4:25 pm

ADJOURN

 

 

 

 

 

 

 

 

7/8/10