Homepage Masthead
Liberty Street Economics Blog
E-mail alerts
RSS feeds
YouTube
FOLLOW US:

 
 
Agenda
Global Dimensions of the Financial Crisis
June 3-4, 2010
Thursday, June 3, 2010
 
8:30 a.m. Breakfast
   
8:45 a.m. Opening Remarks
   
9:00 a.m. Session I: The Collapse of Global Trade
Chair: Rebecca Hellerstein, Federal Reserve Bank of New York

Off the Cliff and Back? Credit Conditions and International Trade during the Global Financial Crisis PDF
Presentation >> PDF

Davin Chor, Singapore Management University
Kalina Manova, Stanford University

Discussant: Philippe Martin, Sciences Po
Discussion >> PDF
   
10:00 a.m. Firms and the Global Crisis: French Exports in the Turmoil PDF
Presentation>> PDF

Jean-Charles Bricongne, Bank of France
Lionel Fontagne, Paris School of Economics
Guillaume Gaulier, Bank of France
Daria Taglioni, European Central Bank
Vincent Vicard, Bank of France

Discussant: Linda Tesar, University of Michigan
Discussion PDF
   
11:00 a.m. Break
   
11:15 a.m. Session II: Global Macroeconomic Policy
Chair: Paolo Pesenti, Federal Reserve Bank of New York

What Determines Government Spending Multipliers? PDF

Giancarlo Corsetti
, European University Institute
Andre Meier, International Monetary Fund
Gernot J. Muller, University of Bonn and Center for Economic and Policy Research

Discussants: Robert Hall, Stanford University
Discussion >> PDF
Michael Woodford, Columbia University
Discussion >> PDF
   
12:15 p.m. Lunch, Liberty Room, 1st Floor
 
2:00 p.m.

The Financial Crisis and Sizable International Reserves Depletion: From “Fear of Floating” to the “Fear of Losing International Reserves”? PDF
Presentation >> PDF

Joshua Aizenman, University of California at Santa Cruz
Yi Sun, University of California at Santa Cruz

Discussants: Paolo Pesenti, Federal Reserve Bank of New York
Discussion >> PDF
Peter Garber, Deutsche Bank

   
3:15 p.m. Panel Discussion: International Financial Linkages: What We Knew, What We Have Learned, and Policy Challenges

Chair: Donald L. Kohn, Vice Chairman, Board of Governors of the Federal Reserve System

Panel: Willem Buiter, Chief Economist, Citigroup
Peter Hooper, Chief Economist, Deutsche Bank
Discussion >> PDF
Marc Saidenberg, Senior Vice President, Federal Reserve Bank of New York
   
4:45 p.m. Coffee Break
 
5:00 p.m. Keynote Address:

William C. Dudley, President and Chief Executive Officer, Federal Reserve Bank of New York
   
5:45p.m. Reception, West Wing Coin Room, 1st Floor
   
6:30 p.m. Dinner (by Invitation Only), Liberty Room, 1st Floor
   
Friday, June 4, 2010
   
8:30 a.m. Breakfast
   
9:00 a.m.

Session III: Channels of International Financial Transmission
Chair: Linda Goldberg, Federal Reserve Bank of New York

How Do Business and Financial Cycles Interact? PDF
Presentation >> PDF

Ayhan Kose, International Monetary Fund
Stijn Claessens, International Monetary Fund
Marco E. Terrones, International Monetary Fund
Discussants: Charles Engel, University of Wisconsin
Discussion >> PDF
Frank Warnock, University of Virginia
Discussion >> PDF

   
10:00 a.m. Market Response to Policy Initiatives during the Global Financial Crisis PDF
Presentation >> PDF

Yacine Aït-Sahalia, Princeton University
Jochen Andritzky, International Monetary Fund
Andreas Jobst, International Monetary Fund
Sylvia Nowak, International Monetary Fund
Natalia Tamirisa, International Monetary Fund

Discussants: Jeff Frankel, Harvard University
Discussion >> PDF
John Williams, Federal Reserve Bank of San Francisco
Discussion >> PDF
   
11:15 a.m. Break
   
11:30 a.m. Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper During the Financial Crisis of 2007-09 PDF
Presentation >> PDF

Viral Acharya, New York University
Philipp Schnabl, New York University

Discussants: Kenneth Froot, Harvard Business School
Discussion >> PDF
Clara Vega, Board of Governors of the Federal Reserve System
Discussion >> PDF
   
12:45 p.m. Lunch, Liberty Room, 1st Floor
   
2:00 p.m.

Cross-Border Banking and the International Transmission of Financial Distress during the Crisis of 2007-2008 PDF
Presentation >> PDF

Alexander Popov, European Central Bank Gregory Udell, European Central Bank

Discussants: Anil Kashyap, University of Chicago
Discussion >> PDF
Philip Strahan, Boston College
Discussion >> PDF

   
3:30 p.m. Adjourn
Gold-Vault Tour (by Invitation Only)
   
space
space
space
Conference Location
Federal Reserve Bank of New York
33 Liberty Street
Multi Purpose Room, 10th Floor
New York, New York