Conference on Currency Crises Prevention
Conference on Currency Crises Prevention
PROGRAM
Cheeca Lodge, Islamorada, Florida
Sebastian Edwards and Jeffrey Frankel, Organizers
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
Contagion: How to Measure it?
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
Malaysia: Was it Different?
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