Universidad Torcuato Di Tella

IEF Workshop

2004, Buenos Aires. VII Workshop in International Economics and Finance

PROGRAM

Friday, December 10th, 2004
Venue: Polo Resort

12.30 - 14.30
Lunch

14.30 - 16.00
Default Risk, the Real Exchange Rate and Income Fluctuations in Emerging Economies.
Cristina Arellano (University of Minnesota).
Discussant: Helène Rey (Princeton University).

16.30 - 18.00
‘Sudden Stops’ in an Equilibrium Business Cycle Model with Credit Constraints: A Fisherian Deflation of Tobin’s q.
Enrique Mendoza (University of Maryland).
Discussant: TBA.
.

Saturday, December 11th, 2004
Venue: Polo Resort

09.30 - 11.00
Information Aggregation and Equilibrium Multiplicity: Morris-Shin Meets Grossman-Stiglitz.
Ivan Werning (MIT) with George-Marios Angeletos (MIT).
Discussant: Balàzs Szentes (U of Chicago)

11.30 - 13.00
Coordination Failures and Asset Prices.
Aleh Tsyvinski (UCLA) with Arijit Mukherji ( U. of Minnesota) and Christian Hellwig (UCLA).
Discussant: Juan Dubra (Universidad de Montevideo).

13.00 - 15.30
Lunch

15.30 - 17.00
Courage to Capital? A Model of the Effects of Rating Agencies on Sovereign Debt Roll–over.
Galina Hale (Yale University) with Mark Carlson (Board of Governors of the Federal Reserve)
Discussant: Ivan Werning (MIT).
.

Sunday, December 12th, 2004
Venue: Polo Resort

09.30 - 11.00
Asset float and speculative bubbles.
Speculative trading in stock prices: an analysis of the chinese A-B share puzzle.
José Scheinkman.
Discussant: Fernando Alvarez.

11.30 - 13.00
Market Closures for Emerging Market and High Yield Bonds: A Supply Story.
Ana Fostel (Yale University).
Discussant: TBA.

13.00 - 15.00
Lunch
.

Monday, December 13th, 2004
Venue: New UTDT Campus

09.00 - 10.30
International relative prices in new ricardian models of international trade.
Ariel Burstein (UCLA) with Andrew Atkeson (UCLA).
Discussant: Kenneth Kletzer.

11.00 - 12.30
On the Optimality of Procyclical Fiscal Policy when Governments can Default.
Alejandro D. Guerson (World Bank).
Discussant: Rody Manuelli (U. of Wisconsin, Madison).

12.30 - 13.45
Lunch
.

Conference on Monetary Policy and Financial 
Markets in Latin America

Monday, December 13th, 2004
Venue: New UTDT Campus


PRELIMINARY PROGRAM

14.00 - 14.20
Opening Remarks
Andrés Neumeyer (Di Tella).

14.20 - 15.30
The World Bank
Whither Latin American Capital Markets?
Chair: Axel van Trotsenburg (The World Bank).
Panelists: Sergio Schmukler (The World Bank).
Discussants: Claudio Irigoyen (BCRA), Miguel Kiguel (Di Tella).

15.30 - 15.50
Coffee Break

15.50 - 17.00
Interamerican Development Bank.
Social and Economic Progress Report 2005.
Unlocking Credit: The Quest for Deep and Stable Bank Lending.
Chair: Juan Pablo Nicolini (Di Tella).
Panelists: Alejandro Izquierdo (IADB).
Discussants: Mario Vicens (ABA), Marcus Miller (University of Warwick).

17.00 - 17.30
Coffee Break

17.30 – 18.30
Monetary Policy in Argentina and Chile.
Chair: Guillermo Calvo (Chief Economicst, IADB).
Panelists: Martín Redrado (President, BCRA), Vittorio Corbo (President, Banco Central de Chile).