Conference on Management of Currency Crises
Conference on Management of Currency Crises
PRELIMINARY PROGRAM
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