COVID-19 Crisis and International Financial Architecture
Organizer: CEBRA’s International Finance and Macroeconomics Program (IFM)
Chair: Chenyue Hu (UC Santa Cruz)
- “Deadly debt crises: COVID-19 in emerging markets” Gabriel Mihalache (Stony Brook University) joint with Yan Bai and Cristina Arellano
- “When the panic broke out: COVID-19 and investment funds’ portfolio rebalancing around the world” Massimiliano Affinito (Bank of Italy) joint with Raffaele Santioni (Bank of Italy)
- “Epidemics, Infrastructural Disparities and FinTech Adoption” Orkun Saka (Sussex University & London School of Economics)
- “Sovereign Debt Standstills” Cesar Sosa-Padilla (University of Notre Dame) joint with Juan Carlos Hatchondo and Leonardo Martinez
Choices of Currencies for Use in Financial Transactions
Organizer: Federal Reserve Bank of New York
Chair: Linda Goldberg (Federal Reserve Bank of New York)
- "Digital Money as a Unit of Account and Monetary Policy in Open Economies” Daisuke Ikeda (Bank of Japan)
- Discussant: Kenza Benhima (University of Lausanne)
- “International Trade and the Currency Composition of Corporate Debt” Yang Jiao (Fudan University) joint with Ohyun Kwon and Jae-Whak Roh
- Discussant: Valentina Bruno (American University, Kogod School of Business)
- “Trade Finance and the Durability of the Dollar” Rosen Valchev (Boston College) joint with Ryan Chahrour
- Discussant: Saleem Bahaj (Bank of England)
Policy Tools across Risk-On and Risk-Off Periods
Organizer: MIT Sloan School of Management
Chair: Agustin Samano (University of Minnesota/Federal Reserve Bank of Minneapolis)
- “Capital Flows at Risk: Taming Ebbs and Flows” Lucyna Gornicka (International Monetary Fund) joint with Gaston Gelos, Robin Koepke, Ratna Sahay, Silvia Sgherri
- Discussant: Eddie Gerba (Bank of England)
- “Spillovers at the Extremes: Macroprudential Tools and Vulnerability to the Global Financial Cycle” Karlye Dilts Stedman (Federal Reserve Bank of Kansas City) joint with Anusha Chari, Kristin Forbes (MIT Sloan School of Management)
- Discussant: Eddie Gerba (Bank of England)
- “Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)?” Katharina Bergant (International Monetary Fund) joint with Francesco Grigoli, Niels-Jakob Hansen, and Damiano Sandri
- Discussant: Agustin Samano
- “Monetary Policy Independence and the Strength of the Global Financial Cycle” Christian Friedrich (Bank of Canada) joint with Pierre Guerin and Danilo Leiva-Leon
- Discussant: Agustin Samano
Global Shocks and Financial Conditions in Emerging Markets
Organizer: MIT Sloan School of Management
Chair: Eli Remolona (Asia School of Business)
- “Addressing Spillovers from Prolonged U.S. Monetary Policy Easing” Stephen Cecchetti and Umang Rawat (Brandeis International Business School) joint with Machiko Narita, and Ratna Sahay
- “Spillover effects of ECB and Fed forward guidance” Triwit Ariyathugun (Asia School of Business) joint with Sui-Jade Ho (Bank Negara Malaysia)
- “What drives cross-border bank flows?” Veronica Bayangos (Bangko Sentral ng Pilipinas) joint with Ramon Moreno
- “Exchange rate pass-through to import prices in Thailand: Evidence from micro data” Nuwat Nookhwun joint with Tosapol Apaitan, Pym Manopimoke and Jettawat Pattararangrong (Bank of Thailand)
Capital flows, Corporate Debt Developments, and (Mis)allocation
Organizers: Organisation for Economic Co-operation and Development (OECD)
Co-Chairs: Caroline Roulet, Etienne Lepers, and Guido Franco (All OECD)
- “Corporate credit booms, financial constraints, and the investment nexus” Bruno Albuquerque (Bank of England)
- Discussant: Enisse Kharroubi (Bank of International Settlements)
- “Capital flows: the role of fund manager portfolio reallocation” Carlos Canon (Bank of England) joint with Georgia Bush and Daniel Gray
- Discussant: Christoph Kaufmann (ECB)
- “Capital Flows, Real Estate, and Local Cycles: Evidence from German Cities, Banks, and Firms” Alessandro Rebucci (Johns Hopkins University) joint with Peter Bednarek, Daniel Marcel te Kaat, and Chang Ma
- Discussant: Laura Alfaro (Harvard Business School)
International Trade and Macroeconomics
Organizer: CEBRA’s International Trade and Macroeconomics Program (ITM)
Chair: Jose Fillat (Federal Reserve Bank of Boston)
- “Market Concentration and Import Penetration” Sebastian Heise (Federal Reserve Bank of New York) joint with Mary Amiti
- Discussant: Luciana Juvenal (IMF)
- “The Causal Effect of the Dollar on Trade” Tim Schmidt-Eisenlohr (Federal Reserve Board) joint with Sai Ma
- Discussant: Georgios Georgiadis (ECB)
- “Organizational capacity and firm profitability: evidence from multinationals” Katarzyna Bilicka (Utah State University) joint with Daniela Scur (Cornell University)
- Discussant: Anna Gumpert (University of Munich)