NATIONAL
BUREAU OF ECONOMIC RESEARCH, INC.
International
Capital Flows Conference
December
16th-18th, 2004
Sebastian
Edwards, Organizer
Fours Seasons Resort
Santa
Barbara, CA
PRELIMINARY PROGRAM
THURSDAY, DECEMBER 16:
7:00 PM Reception and Group Dinner
FRIDAY, DECEMBER 17:
8:30 AM Continental Breakfast
GENERAL PAPERS, part 1
9:00 AM NICOLAS MAGUD, University of Oregon
CARMEN REINHART, University of Maryland and NBER
Controls on International Borrowing: An
Evaluation of Alternative Methods Used to Restrict Capital Inflows
Discussant: MARTIN FELDSTEIN, Harvard
University and NBER
9:50 AM LAURA ALFARO, Harvard University
SEBNEM KALEMLI-OZCAN and VADYM VOLOSOVYCH, University of Houston
Capital Flows in a
Globalized World: The Role of Policies and Institutions
Discussant: GERD HAEUSLER, International
Monetary Fund
10:40 AM Break
10:55 AM KRISTIN FORBES, MIT and NBER
The Microeconomic
Evidence on Capital Controls: No
Free Lunch
Discussant: CHARLES CALOMIRIS, Columbia
University and NBER
11:45 AM JAGDISH BHAGWATI, Columbia University and NBER
Key Note Speech
12:35 PM Lunch
COUNTRY CASE STUDIES, part 1
1:35 PM ILAN GOLDFAJN, PUC-Rio
ANDRE MINELLA, Central Bank of Brazil
Capital Flows and
Controls in Brazil: What Have We
Learnt?
Discussant: PETER GARBER, Brown University
and NBER
2:25 PM SIMON JOHNSON, International Monetary
Fund and NBER
NATALIA TAMIRISA, International Monetary Fund
Malaysian Capital Controls: An Assessment
Discussant: PETER HENRY, Stanford University and
NBER
3:15 PM Break
3:30 PM KATHY DOMINGUEZ and LINDA TESAR, University of Michigan and NBER
International
Borrowing and Macroeconomic Performance in Argentina
Discussant: NICOLAS MAGUD, University of
Oregon
4:20 PM BASANT KAPUR, National University of Singapore
Capital Flows and Exchange
Rate Volatility: Singapore's Experience
Discussant: ANUSHA CHARI, University of Michigan
5:10 PM Adjourn
7:00 PM Reception and Group Dinner
Dinner Speaker: RANDY QUARLES, Department of the Treasury
SATURDAY, DECEMBER 18:
8:30 AM Continental Breakfast
GENERAL PAPERS, part 2
9:00 AM SEBASTIAN EDWARDS, UC, Los Angeles and NBER
Capital Controls,
Sudden Stops and Current Account Reversals
Discussant: ALAN TAYLOR, UC, Davis and NBER
9:50 AM BARRY EICHENGREEN, UC, Berkeley and NBER
Currency Mismatches,
Debt Intolerance and Original Sin:
Why They Are Not the Same and Why it Matters
(Joint with RICARDO HAUSMAN and UGO PANIZZA)
Discussant: JOSHUA AIZENMAN, UC, Santa Cruz
and NBER
10:40 AM Break
10:55 AM LINDA GOLDBERG, Federal Reserve Bank of New York and NBER
The International Exposure
of U.S. Banks
Discussant: MATIAS BRAUN, UC, Los Angeles and
NBER
11:45 PM Lunch
COUNTRY CASE STUDIES part 2
1:00 PM ESWAR PRASAD, International Monetary Fund
SHANG-JIN WEI, International Monetary Fund and NBER
The Chinese Approach to
Capital Inflows
Discussant: MICHAEL DOOLEY, UC, Santa Cruz
and NBER
1:50 PM MARCUS NOLAND, Institute for International Economics
South Korea's
Experience with International Capital Flows
Discussant: GITA GOPINATH, University of
Chicago
2:40 PM Break
3:00 PM KEVIN COWAN, Inter-American Development Bank
JOSÉ DE GREGORIO, Central Bank of Chile
International
Borrowing, Capital Controls and the Exchange Rate:
Discussant: AARON TORNELL, UC, Los Angeles
and NBER
3:50 PM ILA PATNAIK, Indian Express
AJAY SHAH, Ministry of Finance, New Delhi
India's Experience with
Capital Flows
Discussant: TAKATOSHI ITO, University of
Tokyo and NBER
4:40 PM Adjourn
7:00 PM Reception and Group Dinner
12/15/04