NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

INTERAMERICAN SEMINAR ON ECONOMICS

Sebastian Edwards and Roberto Rigobon, Organizer

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

July 20 - 21, 2001

PRELIMINARY PROGRAM



Friday, July 20:



8:30 AM Coffee and Doughnuts



9:00 AM JENNIFER CRYSTAL, Federal Reserve Bank - New York

GERARD DAGES, Federal Reserve Bank - New York

LINDA GOLDBERG, Federal Reserve Bank - New York and NBER

Does Foreign Ownership Contribute to Sound Banks in Emerging Markets?

The Latin American Experience

Discussant: ROBERTO RIGOBON, MIT and NBER



10:00 AM KRISTIN FORBES, MIT and NBER

The Aftermath of Devaluations:

Firm and Industry Effects in Global Markets



Discussant: MICO LORETAN, Federal Reserve Board



11:00 AM Break



11:15 AM LORENZA MARTINEZ, Central Bank of Mexico

ALEJANDRO WERNER, Central Bank of Mexico

The Exchange Rate Regime and the Currency Composition of

Corporate Debt: The Mexican Experience



Discussant: MARK AGUIAR, University of Chicago



12:15 PM Lunch



1:30 PM FERNANDO ALVAREZ, University of Chicago and NBER

PABLE ANDRES NEUMEYER, Universidad Torcuato Di Tella

Fitting a Sovereign Spread Curve in an Economy with Incomplete Markets



Discussant: ALBERTO MOEL, Monitor Corporate Finance, Monitor Group





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2:30 PM SERGIO SCHMUKLER, World Bank

LUIS SERVEN, World Bank

Uncovering Country Risk and Currency Risk:

Evidence from Developing Countries



Discussant: MICHAEL KUMHOF, Stanford University



3:30 PM Break



3:45 PM ROBERTO RIGOBON, MIT and NBER

The Curse of Being Non-Investment Grade



Discussant: DAVID SEKIGUCHI, Deutsche Bank



4:45 PM Adjourn



6:00 PM Dinner - TBA



Saturday, July 21:



8:30 AM Coffee and Doughnuts



9:00 AM GRACIELA KAMINSKY, George Washington University

CARMEN REINHART, University of Maryland and NBER

Financial Markets in Times of Stress



Discussant: MENZIE CHINN, UC, Santa Cruz and NBER



10:00 AM ILAN GOLDFAJN, Brazil Central Bank and PUC

MARCOS ANTONIO DA SILVEIRA, PUC

The Exchange Rate Mismatching in a General Equilibrium Approach



Discussant: FERNANDO BRONER, University of Maryland



11:00 AM Break



11:15 AM Dollarization: A Discussion

Moderator: SEBASTIAN EDWARDS, UC, Los Angeles and NBER



12:15 PM Lunch and Adjourn



07/10/01