NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Conference on Management of Currency Crises


NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Conference on Management of Currency Crises

PRELIMINARY PROGRAM
March 28 - 31, 2001
Monterey Plaza Hotel & Spa, 400 Cannery Row, Monterey, CA 93940

Michael Dooley and Jeffrey Frankel, Organizers


Wednesday, March 28, 2001

6:00 PM Reception and Dinner

Thursday, March 29, 2001

8:15 AM Continental Breakfast

8:45 AM Official Welcome

THE SPECULATORS

9:00 AM
CARMEN REINHART, University of Maryland and NBER
VINCE REINHART, Federal Reserve System

What Hurts Most: G-3 Exchange or Interest Rate Volatility?
Discussant: JOSHUA AIZENMAN, Dartmouth College and NBER

10:00 AM Break

10:15 AM
KENNETH FROOT, Harvard University and NBER
(Joint with TARUN RAMADORAI, Harvard University)

The Information Content of International Portfolio Flows
Discussant: JEFFREY SHAFER, Salomon Smith Barney

11:15 AM Break

THE DEFENSE

11:30 AM
KENNETH WEST, University of Wisconsin-Madison and NBER
DONGCHUL CHO, Korea Development Institute

Interest Rates and Exchange Rates in the Korean, Philippine and Thai Exchange Rate Crises
Discussant: ROBERT DEKLE, University of Southern California

12:30 PM ALLAN DRAZEN, Tel Aviv University and NBER

Interest Rate Defense Against Speculative Attack as a Signal: A Primer
Discussant: ROBERT FLOOD, International Monetary Fund

1:30 PM Lunch

2:30 PM BARRY EICHENGREEN and ANDREW ROSE, UC, Berkeley and NBER

To Defend or Not to Defend? That is the Question
Discussant: PABLO E. GUIDOTTI, Universidad Torcuato di Tella

THE PROGRAM

3:00 PM
OLIVIER JEANNE, International Monetary Fund
CHARLES WYPLOSZ, Graduate Institute of International Studies

The International Lender of Last Resort: How Large is Large Enough
Discussant: OLIVIER BLANCHARD, MIT and NBER

4:00 PM MICHAEL DOOLEY, UC, Santa Cruz and NBER, and SUJATA VERMA, UCSC

The IMF and "Bailing In" the Private Sector
Discussant: ANDREW POWELL, Central Bank of Argentina

5:00 PM Adjourn

7:00 PM Dinner - Sardine Factory Restaurant

Friday, March 30, 2001

8:00 AM Continental Breakfast

8:30 AM
STIJN CLAESSENS, The World Bank
(Joint with DAIELA KLINGEBIEL and LUC LAEVEN, World Bank)

Financial Restructuring in Systemic Crises: What Policies to Pursue?
Discussant: PETER KENEN, Princeton University

9:30 AM
MARTIN EICHENBAUM and SERGIO REBELO, Northwestern University and NBER
CRAIG BURNSIDE, The World Bank

On the Fiscal Implications of Twin Crises
Discussant: KENNETH KLETZER, UC, Santa Cruz

10:30 AM Break

11:00 AM MORRIS GOLDSTEIN, Institute for International Economics

An Evaluation of Proposals to Reform the International Finanacial Architecture
Discussant: ANDREW BERG, International Monetary Fund

12:00 PM Adjourn - Field Trips

7:00 PM Dinner - Chart House Restaurant

Saturday, March 31, 2001

THE IMPACT

8:00 AM Continental Breakfast

8:30 AM YUNG CHUL PARK and JONG HWA LEE, Korea University

Recovery and Sustainability in East Asia
Discussant: RICHARD PORTES, London Business School and NBER

9:30 AM MICHAEL HUTCHISON, UC, Santa Cruz

A Cure Worse Than The Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs
Discussant: GIAN MARIA MILESI-FERRETTI, International Monetary Fund

10:30 AM Break

11:00 AM WILLIAM EASTERLY, The World Bank

IMF and World Bank Structural Adjustment Programs and Poverty
Discussant: TED TRUMAN, Institute for International Economics

12:00 PM
JAMES LEVINSOHN, University of Michigan and NBER
(Joint with STEVEN BERRY and JED FRIEDMAN)

Impacts of the Indonesian Economic Crisis: Price Changes and the Poor
Discussant: LANT PRICHETT, Harvard University

1:00 PM Adjourn

3/19/01

 
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