NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.


INTERNATIONAL FINANCE AND MACROECONOMICS PROGRAM MEETING

Charles Engel and Linda Tesar, Organizers


October 10, 2003


NBER

1050 Massachusetts Avenue

Cambridge, Massachusetts


PROGRAM


THURSDAY, OCTOBER 9, 2003

6:30 PM
Dinner

Davio's Restaurant

5 Cambridge Parkway

Cambridge, MA


FRIDAY, OCTOBER 10, 2003


8:15 AM
Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue


8:30 AM
Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue


8:30 AM
Continental Breakfast


9:00 AM
PAUL BERGIN, UC, Davis and NBER

REUVEN GLICK, Federal Reserve Bank of San Francisco

Endogenous Nontradability and Macrroeconomics Implications


Discussant: PAOLO PESENTI, Federal Reserve Bank of New York and NBER


10:00 AM
Break


10:30 AM
ANUSHA CHARI, University of Michigan

PETER BLAIR HENRY, Stanford University and NBER

Capital Account Liberalization, Investment, and the Invisible Hand


Discussant: RUI ALBUQUERQUE, University of Rochester


11:30 AM
ROBERT P. FLOOD, International Monetary Fund

ANDREW K. ROSE, UC, Berkeley and NBER

Equity Integration in Times of Crisis


Discussant: MARIA VASSALOU, Columbia University


12:30 PM
Lunch




1:30 PM
ENRIQUE MENDOZA, University of Maryland and NBER

KATHERINE A. SMITH, U.S. Navel Academy

Margin Calls, Trading Costs, and Asset Prices in Emerging Markets:

The Financial Mechanics of the 'Sudden Stop' Phenomenon


Discussant: FABRIZIO PERRI, New York University


2:30 PM
GIANCARLO CORSETTI , University of Rome III

BERNARDO GUIMARES, Yale University

NOURIEL ROUBINI, New York University and NBER

International Lending of Last Resort and Moral Hazard:

A Model of IMF's Catalytic Finance


Discussant: OLIVIER JEANNE, International Monetary Fund


3:30 PM
Break


4:00 PM
AMARTYA LAHIRI, Federal Reserve Bank of New York

RAJESH SINGH, Iowa State University

CARLOS VEGH, UC, Los Angeles and NBER

Segmented Asset Markets and Optimal Exchange Rate Regimes


Discussant: MICHAEL DEVEREUX, University of British Columbia


5:00 PM
Adjourn



9/29/03