Universidad Torcuato Di Tella

IEF Workshop

2005, Buenos Aires. VIII Workshop in International Economics and Finance

Program

The workshop took place on December 2-5 at Buenos Aires.

In each session authors had 60 minutes, discussants 20 minutes and there was 10 minutes for general discussions.

Friday, December 2

14.30 - 16.00
Sudden Stops, Sectoral Reallocations, and the Real Exchange Rate
Kim Ruhl (University of Texas, Austin) and Timothy J. Kehoe (University of Minnesota)
Discussant: Marcelo Veracierto (Federal Reserve Bank of Chicago)

16.00 – 17.30
Phoenix Miracles Recovering From Systemic Financial Crises In Emerging Markets
Alejandro Izquierdo
(IADB), Guillermo A. Calvo (IADB), and Ernesto Talvi (CERS).
Discussants: Andrés Neumeyer (UTDT)

Saturday, December 3

9.30 – 11.00
Sovereign Default and Debt Renegotiation
Vivian Zhanwei Yue
(New York University)
Discussant: Kenneth Kletzer (University of California, Santa Cruz)

11.30 – 13.00
Competition for Default
Quid Pro Quo: Sudden Stops and Commitment
Eduardo Cavallo
(Harvard University, KSG) and Andrés Velasco (Harvard University, KSG)
Discussant: Andrew Powell (UTDT and IADB)

15.30 – 17.00
Optimal Fiscal Policy and Amplification in a Small Open Economy
Manuel Amador
(Harvard University), Mark Aguiar (Federal Reserve Bank of Boston) and Gita Gopinath (Harvard University)
Discussants: William Fuchs (University of Chicago)

Sunday, December 4

9.30 – 11.00
Size, Geography, and Foreign Direct Investment
Natalia Ramondo
(University of Chicago)
Discussant: Hugo Hopenhayn (UCLA)

11.30 – 13.00
Is it is or is it Ain't my Obligation? Regional Debt in a Fiscal Federation
Russell Cooper,
(University of Texas, Austin)  Hubert Kempf (Université de Paris I, Pantheon-Sorbonne) and Dan Peled (University of Haifa)
Discussant: Sebastian Ludmer (University of Chicago)

14.30 – 16.00
Macroeconomic Risk and Banking Crises in Emerging Market Countries: Business Fluctuations with Financial Crashes
Marcelo Oviedo (Iowa State University)
Discussant: Fernando Alvarez (University of Chicago)

Monday, December 5

On Monday we had a traditional Argentine barbeque.