Meklēšanas opcijas
Sākums Medijiem Noderīga informācija Pētījumi un publikācijas Statistika Monetārā politika Euro Maksājumi un tirgi Karjera
Ierosinājumi
Šķirošanas kritērijs
Latviešu valodas versija nav pieejama

New global challenges amid incomplete and divergent recoveries - Spillover Conference 2022

Joint Bank for International Settlements (BIS), Bank of England (BoE), European Central Bank (ECB), and International Monetary Fund (IMF) Conference

27-28 April 2022 - Online event

The Bank for International Settlements, Bank of England, International Monetary Fund and the European Central Bank invite you to attend the Spillover Conference 2022: New Global Challenges Amid Incomplete and Divergent Recoveries.

The conference aims to close gaps in our understanding of the international transmission of vulnerabilities, shocks and policies, and the trade-offs for policymakers, in the current environment of incomplete and divergent recoveries, high uncertainty, and structural change.

Registration

Programme

Times are Central European Time
* indicates the presenter

Wednesday, 27 April 2022
14:10

Opening Remarks by Pierre-Olivier Gourinchas

 

Session 1 – Capital Flows and Corporate Financing

Chair: Fiorella De Fiore (BIS)

14:30

“International Pecking Order”

  • Egemen Eren, BIS
  • Semyon Malamud, Swiss Finance Institute, EPF Lausanne, and CEPR
  • Haonan Zhou*, Princeton University

Discussant: Tim Schmidt-Eisenlohr, Federal Reserve Board

15:15

“Original Sin Redux”

  • Carol Bertaut, Federal Reserve Board
  • Valentina Bruno*, American University
  • Hyun Song Shin, BIS

Discussant: Galina Hale, UC Santa Cruz

16:00

“Cross-border Spillovers: How US Financial Conditions Affect M&As Around the World”

  • Katharina Bergant, IMF
  • Sanhitha Jugulum, Columbia University
  • Prachi Mishra*, IMF
  • Raghuram Rajan, University of Chicago

Discussant: Friederike Niepmann, Federal Reserve Board

16:45
Break
 

Session 2 – Structural Changes

Chair: Ambrogio Cesa-Bianchi, BoE

17:00

“The U.S. as a Safe Haven: Evidence from Convenience Yields, Exchange Rates and Country Risk in the Short and Long Run”

  • Giancarlo Corsetti*, European University Institute and CEPR
  • Simon Lloyd, BoE
  • Emile Marin, University of Cambridge
  • Daniel Ostry, University of Cambridge

Discussant: Zhengyang Jiang, Northwestern University

17:45

“Global Demand for Financial Assets, Falling Real Interest Rates, And Macroeconomic Instability”

  • Enrique G. Mendoza, University of Pennsylvania
  • Vincenzo Quadrini*, University of Southern California

Discussant: Marco del Negro, Federal Reserve Bank of New York

18:25
End of day 1
Thursday, 28 April 2022
 

Session 3 – Spillovers from Policies and Shocks

Chair: Carlo Altavilla, ECB

14:00

“Uncertainty Shocks, Capital Flows, and International Risk Spillovers”

  • Ozge Akinci*, Federal Reserve Bank of New York, CEPR
  • Sebnem Kalemli-Ozcan, University of Maryland, NBER, CEPR
  • Albert Queralto, Federal Reserve Board

Discussant: Rohan Kekre, University of Chicago Booth School of Business

14:45

“Global Spillovers of the Fed Information Effect”

  • Marco Pinchetti*, BoE
  • Andrzej Szczepaniak, BoE

Discussant: Jenny Tang, Federal Reserve Bank of Boston

15:30

“What Happens in China Does Not Stay in China?”

  • William L. Barcelona, Federal Reserve Board
  • Danilo Cascaldi-Garcia*, Federal Reserve Board
  • Jasper J. Hoek, Federal Reserve Board
  • Eva Van Leemput, Federal Reserve Bank

Discussant: Hui He, IMF

16:15
Break
 

Session 4 – Optimal Policies in Open Economies

Chair: Giovanni Dell’Ariccia, IMF

16:35

“Optimal Exchange Rate Policy”

  • Oleg Itskhoki, University of California, Los Angeles
  • Dmitry Mukhin*, London School of Economics

Discussant: Sebastian Fanelli, Center for Monetary and Financial Studies

17:20

“Sudden Stops and Optimal Foreign Exchange Intervention”

  • J. Scott Davis, Federal Reserve Bank of Dallas
  • Michael B. Devereux*, University of British Columbia
  • Changhua Yu, Peking University

Discussant: Roberto Chang, Rutgers University

18:05

“No Country is an Island - International Cooperation and Climate Change”

  • Massimo Ferrari , ECB
  • Maria Sole Pagliari*, Banque de France

Discussant: Anna Lipinska, Federal Reserve Board

18:45
End of the conference

Timings
Presenter: 20 minutes; Discussant: 10 minutes; General Discussion: 10 minutes.

This programme may be subject to change without notice.

Audiovisual notice: Images and video recordings may be published online.