5th Conference of the Analysis of International Capital Markets Research Training Network
May 16 -17, 2003

Program

Friday | Saturday

Friday, May 16
   
   
10:00-11:15

The Intertemporal Approach to the Financial Account
*Pierre-Olivier Gourinchas (Princeton University and CEPR)
Hélène Rey (Princeton University and CEPR)

Discussant: Bartosz Mackowiak (Princeton University)

   
11:15-11:45 Coffee break
   
11:45-13:00

Mixed Signals in Defending the Exchange Rate
*Allan Drazen (University of Maryland and CEPR)
Stefan Hubrich, Mckinsey Consulting

Discussant: Alan Sutherland (University of St. Andrews and CEPR)

   
13.00-14:30 Lunch
   
14:30-15:45

Estimating Private Returns to Emerging Market Lending, 1970-2000
Christophe Klingen (International Monetary Fund)
*Beatrice Weder (Universitat Mainz)
Jeromin Zettelmeyer (International Monetary Fund)

Discussant: Allan Drazen (University of Maryland and CEPR)

   
15:45-16:15 Coffee break
   
16:15-17:30

Diversification, Original Sin, and International Bond Portfolio
John Burger (Sellinger School of Business and Management, Loyola College in Maryland)
*Francis Warnock (The Board of Governors of the Federal Reserve System)

Discussant: Hans Joachim Voth (Universitat Pompeu Fabra and CEPR)

   
Saturday, May 17
   
 

 

 
8:30-9:15

The Danger of Hard Pegs: Monetary and Fiscal Policy Coordination in an Open Economy
David Cook
*Michael Devereux (University of British Columbia and CEPR)

Discussant: Harris Dellas (Universität Bern)

9:15-10:30

International Financial Integration
Philip Lane (Trinity College Dublin and CEPR)
*Gian-Maria Milesi-Ferretti (International Monetary Fund and CEPR)

Discussant: Harry Huizinga (European Commission and CEPR)

 

 

10:30-11:00 Coffee break
 

 

11:00-12.15

The Role of Information in Driving FDI: Host-Country Transparency and Source-Country Specialization
Ashoka Mody (International Monetary Fund)
*Assaf Razin (Cornell University, Tel Aviv University and CEPR)
Efraim Sadka (Tel-Aviv University)

Discussant: Philipp Harms (Studienzentrum Gerzensee and University of Konstanz)

   
12:15-13:45 Lunch
 

 

13:45-15:00

The Present-Value Model of the Current Account Has Been Rejected: Round Up the Usual Suspects
James Nason (University of British Columbia)
*John Rogers (Board of Governors of the Federal Reserve System)

Discussant: Morten Ravn (London Business School and CEPR)

Organizers:
Phillippe Bacchetta (Studienzentrum Gerzensee and CEPR)
Philip Lane (Trinity College Dublin and CEPR)
Hélène Rey (Princeton University and CEPR)

 

 

page last modified: May 27, 2003