NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
Conference on Currency Crises Prevention
Sebastian Edwards and Jeffrey Frankel, Organizers
January 11-13, 2001
Cheeca Lodge
Islamorada, Florida
THURSDAY, JANUARY 11:
7:00 PM Welcoming Reception and Dinner
FRIDAY, JANUARY 12:
8:00 AM Continental Breakfast
8:30 AM Welcoming Remarks: SEBASTIAN EDWARDS, UC, Los Angeles and NBER
JEFFREY FRANKEL, Harvard University and NBER
REGIMES AND FUNDAMENTALS
Chair: JEFFREY FRANKEL, Harvard University and NBER
8:45 AM SEBASTIAN EDWARDS, UC, Los Angeles and NBER
Does the Current Account Matter?
Discussant: ALEJANDRO WERNER, Bank of Mexico
9:45 AM LUIS FELIPE CESPEDES, New York University
ROBERTO CHANG, Rutgers University
ANDRES VELASCO, Harvard University and NBER
Balance Sheets,Exchange Rate Regimes,and Credible Monetary Policy
Discussant:NOURIEL ROUBINI, New York University and NBER
10:45 AM Coffee Break
11:15 AM AMARTYA LAHIRI, UC, Los Angeles
CARLOS VEGH, UC, Los Angeles and NBER
Living with the Fear of Floating: An Optimal Policy Perspective
Discussant:EDUARDO BORENSZTEIN, International Monetary Fund INTERNATIONAL FINANCIAL PLAYERS AND CONTAGION Chair: MARTIN FELDSTEIN, Harvard University and NBER 12:15 PM ENRIQUE MENDOZA, Duke University and NBER Credit, Prices, and Crashes: Business Cycles with a Sudden Stop Sudden Stops Economics in an Equilibrium Framework Discussant:JOSHUA AIZENMAN, Dartmouth College and NBER 1:15 PM Lunch 2:15 PM GIANCARLO CORSETTI, Yale University PAOLO PESENTI, Federal Reserve Bank of New York and NBER NOURIEL ROUBINI, New York University and NBER The Role of Large Players in Currency Crises Discussant: JAUME VENTURA, MIT and NBER 3:15 PM LINDA GOLDBERG, Federal Reserve Bank of New York and NBER When is U.S. Bank Lending to Emerging Markets Volatile? Discussant: SIMON JOHNSON, MIT 4:15 PM Coffee Break 4:30 PM ROBERTO RIGOBON, MIT and NBER Discussant: ENRIQUE MENDOZA, Duke University and NBER 5:30 PM KRISTIN FORBES, MIT and NBER How Important is Trade in the International Spread of Crises? Discussant: FEDERICO STURZENEGGER, Universidad Torcuato Di Tella 6:30 PM Adjourn 7:00 PM Reception and Dinner SATURDAY, JANUARY 13: 8:00 AM Continental Breakfast CAPITAL CONTROLS AND MALAYSIA Chair: MICHAEL DOOLEY, UC, Santa Cruz and NBER 8:30 AM ETHAN KAPLAN, Harvard University DANI RODRIK, Harvard University and NBER Did the Malaysian Capital Controls Work? Discussant: LILIANA ROJAS-SUAREZ, Institute for International Economics 9:30 AM RUDIGER DORNBUSCH, MIT and NBER Discussant: MICHAEL DOOLEY, UC, Santa Cruz and NBER 10:30 AM Coffee Break BANKING STRUCTURE AND "CRONY CAPITALISM" Chair: SEBASTIAN EDWARDS, UC, Los Angeles and NBER 11:00 AM SHANG-JIN WEI, Brookings Institution and NBER Negative Alchemy? Corruption, Composition of Capital Flows and Currency Crises Discussant: MARTIN FELDSTEIN, Harvard University and NBER 12:00 PM ROBERT DEKLE, University of Southern California KENNETH KLETZER, UC, Santa Cruz Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia Discussant: PAOLO PESENTI, Federal Reserve Bank of New York and NBER 1:00 PM Lunch 2:00 PM AARON TORNELL, UC, Los Angeles and NBER Financial and Monetary Policies in an Economy with Balance Sheet Effects Discussant:CHARLES CALOMIRIS, Columbia University and NBER 3:00 PM ANNE KRUEGER, Stanford University and NBER JUNGHO YOO, Korea Development Institute Chaebol Capitalism and the Currency-Financial Crisis in Korea Discussant: JORGE BRAGA DE MACEDO, OECD and NBER 4:00 PM Adjourn 4/4/01