NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Conference on Currency Crises Prevention Pre-conference

Sebastian Edwards and Jeffrey Frankel, Organizers

July 21, 2000

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

PRELIMINARY PROGRAM

FRIDAY, JULY 21:

8:15 AM Coffee and Doughnuts

8:45 AM Welcome and Introduction

SEBASTIAN EDWARDS, UC, Los Angeles and NBER

JEFFREY FRANKEL, Harvard University and NBER

REGIMES AND FUNDAMENTALS

9:00 AM SEBASTIAN EDWARDS, UC, Los Angeles and NBER

Do Current Account Imbalances Matter?

9:15 AM ANDRES VELASCO, New York University and NBER

Exchange Rate Regimes and Macroeconomics Stability*

9:30 AM CARLOS VEGH, UC, Los Angeles and NBER

AMARTYA LAHIRI, UC, Los Angeles

Active defense of the currency under dirty floating:

Higher interest rates versus foreign exchange market intervention*

9:45 AM Break

INTERNATIONAL FINANCIAL MARKETS

10:00 AM ENRIQUE MENDOZA, Duke University and NBER

Credit, Prices, and Crashes in Emerging Economies: Sudden Stops Economics in an Equilibrium Framework

10:15 AM GIANCARLO CORSETTI, Yale University

PAOLO PESENTI, Federal Reserve Bank of New York and NBER

NOURIEL ROUBINI, New York Univeristy and NBER

The Role of Large Players in Currency and Financial Crises

10:30 AM LINDA GOLDBERG, Federal Reserve Bank of New York and NBER

The Cyclical Performance of Foreign and Domestic Banks in Emerging Markets*

10:45 AM ROBERTO RIGOBON, MIT

Contagion: How to Measure it?

11:00 AM KRISTIN FORBES, MIT and NBER

Are Competitiveness Effects Significant?

11:15 AM DANI RODRIK, Harvard University and NBER (tentative)

Capital Account Convertibility and Currency Crises*

BANKING STRUCTURE AND "CRONY CAPITALISM"

11:30 AM SHANG-JIN WEI, The World Bank and NBER

Corruption, Composition of Capital Flows and Currency Crises

11:45 AM MENZIE CHINN, UC Santa Cruz and NBER

ROBERT DEKLE, UC, Los Angeles

KENNETH KLETZER, UC, Santa Cruz

Regulation, Market Structure and Financial Crises: The Korean Case*

12:00 N AARON TORNELL, UC, Los Angeles and NBER

Leverage, Vulnerability and Crises: On the Role of Bank Regulation*

12:15 PM ANNE KRUEGER, Stanford University and NBER

JUNG-HO -YOO, Stanford University

Crony Capitalism and the Crises in Korea* (tentative)

12:30 PM Lunch and Adjourn

* Preliminary title

5/30/00