Dear fellow IFM members - I just want to remind everyone of the ECB
conference on Financial Globalisation. The submission deadline is April
30th, and the conference is in September.
--------------------------------
Charles Engel
Department of Economics
University of Wisconsin
1180 Observatory Drive
Madison, WI 53706-1393
Phone: (608) 262-3697
_____
From: Charles Engel [mailto:cengel_at_ssc.wisc.edu]
Sent: Friday, November 13, 2009 2:32 PM
To: ifm_at_nber.org
Subject: Call for Papers: Conference on Financial Globalization
Dear fellow IFM members - please see the announcement below.
--------------------------------
Charles Engel
Department of Economics
University of Wisconsin
1180 Observatory Drive
Madison, WI 53706-1393
Phone: (608) 262-3697
Announcement and call for papers:
"What Future for Financial Globalisation?"
in Frankfurt am Main, Germany, on 9-10 September 2010
Joint conference of the European Central Bank and the Journal of
International Economics
The current financial crisis is challenging the belief that financial
liberalisation and integration are universally beneficial for economic
growth and development, and it is rekindling the debate about the empirical
validity of a robust finance-growth nexus. There is an emerging consensus
that the fundamental origins of the crisis are reflecting both micro
elements, notably a lack of effective supervision and regulation of
financial institutions, and macro elements, as evidenced in the major
imbalances and asymmetries in the global economy and the international
financial system, with the debate about the relative contribution of both
sets of factors is ongoing.
On the one hand, while many emerging markets have been experiencing rapid
integration with advanced countries on the real side of the economy through
trade, they have lagged behind in terms of financial liberalisation and
deepening. In turn, this asymmetry may have contributed to rising financial
and real imbalances in the global economy and to an increase in leverage and
risk-taking among financial institutions. On the other hand, unfettered
financial innovation and deepening in advanced economies have played a
central role in the financial crisis, and recent events underline the
inherent risks in promoting liberalization of capital movements globally.
What are then the lessons of the crisis for the future of financial
globalisation? In particular, has financial globalisation disappointed or
not, and why? Is there a need to reconsider the empirical record on its
benefits and costs, not only for developing but also for developed
countries? These issues, in turn, lead to the question about how the global
financial system should evolve, and how policy can shape this process. What
will be the main global financial risks of the future? What are the risks
that policy will turn inward and foster financial protectionism, rather than
attempt to find appropriate solutions? And to what extent do the latter
require policy cooperation at a global level?
These are some of the central themes of the conference. The conference aims
to bring together academics and researchers at policy institutions to
discuss ongoing research on these issues. The intention is to improve our
understanding of the deeper root causes of the crisis, including its
international propagation and global reach. Its objective is also to take a
longer-term perspective on the future evolution of global finance and its
place in the world economy. Moreover, the conference intends to enhance our
understanding of how macroeconomic policy - including monetary policy,
international liquidity provision and the lender of last resort role - has
to adjust and rise to the challenge of a new global environment.
More concretely, the papers of the conference should address one or more of
the following issues:
* Financial liberalisation and the finance-growth nexus;
* Financial linkages and propagation channels of shocks;
* Asset price co-movements, bubbles and contagion phenomena;
* Financial stability implications of international financial
integration and global imbalances;
* Global policy responses and coordination in reforming the
international financial architecture.
Submission of papers:
Interested authors should submit either a draft of the paper or an extended,
detailed abstract by 30 April 2010 to
International.Secretariat_at_ecb.europa.eu. Authors of accepted papers will be
notified by early June 2010. The final versions of the papers selected for
the conference are due by 15 August 2010.
The Journal of International Economics (JIE) will publish a special
conference volume. Submission is optional, and authors submitting papers to
the conference should indicate whether or not they wish their paper to be
considered for the special volume. Papers for the special issue will be
subject to the normal refereeing process of the JIE.
Organising committee:
Luca Dedola (ECB, Luca.Dedola_at_ecb.int), Charles Engel (University of
Wisconsin, and Editor of JIE), Marcel Fratzscher (ECB,
Marcel.Fratzscher_at_ecb.int <mailto:Pmarcel.Fratzscher_at_ecb.int> )
The conference will take place over two full days and includes the following
features:
* 10-12 academic papers with discussants
* keynote speakers
* a policy panel with senior policy-makers and observers
Expenses:
Academic presenters' and discussants' expenses for travel (economy class
round-trip) and accommodation for up to three days will be covered.
Received on Mon Apr 12 2010 - 14:34:42 EDT
