Workshop on Recent Research in International Finance

Workshop on Recent Research in International Finance
The Chazen Institute of International Business, Columbia Business School
The Program on Economic Research, Department of Economics, Columbia University
Venue: Uris Hall, Room 333, Columbia University
Date: Friday, November 16, 2012


8:55 amWelcome
9:00-10:15 am“Prudential Policy for Peggers”
Stephanie Schmitt-Grohe (Columbia) and Martin Uribe (Columbia)
Discussant: Olivier Jeanne (Johns Hopkins)
10:15-10:30 amCoffee
10:30-11:45 am“Interpreting high frequency exchange rate fluctuation via inflation indexed bond yields”
Richard Clarida (Columbia)
Discussant: Robert Hodrick (Columbia)
11:45 am – 1 pm``A Theory of Capital Controls as Dynamic Terms-of-Trade Manipulation''
Arnaud Costinot, Guido Lorenzoni, and Ivan Werning (All MIT)
Discussant: Stephanie Schmitt-Grohe (Columbia)
1– 1:45 pm Lunch (for authors, discussants, and invited participants)
1:45 -3 pm“Roads and Real Exchange Rates”
Qingyuan Du (Monash), Shang-Jin Wei (Columbia) and Peichu Xie (Peking)
Discussant: Vivian Yue (Federal Reserve Board)
3:00-3:15 pmCoffee
3:15-4:30 pm“Capital Flows, Cross-border Banking and Global Liquidity,”
Valentina Bruno (American) and Hyun Song Shin (Princeton)
Discussant: Gian-Maria Milesi-Ferretti (IMF)
4:30 – 5:45 pm

``Overborrowing, Financial Crises and `Macro-prudential' Policy''
Enrique G. Mendoza                                     Javier Bianchi
Discussant: Paolo Pesenti (NY Fed)

6 pm

Dinner (for authors, discussants and other invited participants):
2869 Broadway (between 112th and 111th St), New York, NY 10025 Tel: (212) 678-8585




















Format of the workshop (following a typical NBER IFM program meeting)
Authors: 25 minutes
Discussant: 15-20 minutes
Balance of time for general discussion
Authors: Please send your latest version of the paper to Elisabeth Friedman ( by October 25, 2012 so she can forward it to the discussant.
Authors and discussants: If you are able to send in a ppt of your presentation/discussion by noon of November 15, we will install it on the computer in workshop room.