XIX Workshop in International Economics and Finance, Bogotá, 2016

Thursday, March 10, 2016


Opening Remarks

José Darío Uribe (Banco de la República), Issam Abousleiman (World Bank) and Rafael de la Cruz (Inter-American Development Bank)

Capital Flows and Sovereign Debt

Chair: Andrés Fernández (Inter-American Development Bank)


Bad Investments and Missed Opportunities? Postwar Capital Flows to Asia and Latin America

Lee Ohanian (University of Californa, Los Angeles), Paulina Restrepo-Echavarría (St. Louis FED) and Mark Wright (Chicago FED)

Discussant: Constantino Hevia (Universidad Torcuato Di Tella)


Coffee Break


The Risky Capital of Emerging Markets

Joel David (University of Southern California), Espen Henriksen (University of Southern California) and Ina Simonovska (University of Southern California)

Discussant: Juan Carlos Hatchondo (Indiana University)




Sovereign Cocos: Liquidity, Default, and the Reprofiling of Debt Payments
Juan Carlos Hatchondo (Indiana University), Leonardo Martinez (IMF), Yasin Kürsat Önder (Central Bank of Turkey) and Francisco Roch (IMF)

Discussant: Tito Cordella (World Bank)

Misallocation and Growth

Chair: Andrew Powell (Inter-American Development Bank)


Natural Resources and Global Misallocation

Alex Monge-Naranjo (St. Louis FED), Juan Sánchez (St. Louis FED) and Raul Santaeulalia-Llopis (Washington University)

Discussant: Fernando Jaramillo (Universidad del Rosario)


Coffee Break


Credit, Misallocation and Productivity Growth: A Disaggregated Analysis

Felipe Meza (ITAM), Sangeeta Pratap (Hunter College) and Carlos Urrutia (ITAM)

Discusssant: Julieta Caunedo (Cornell University)


Conference Dinner at Restaurante Club Colombia


Friday, March 11, 2016

Policy Panel

Chair: Hernando Vargas Herrera (Banco de la República)


Policy PanelFiscal and Monetary Policy Challenges in Latin America and the Caribbean

Andrés Neumeyer (Banco Central de Argentina), Guillermo Perry (Universidad de los Andes), Andrew Powell (Inter-American Development Bank), Augusto de la Torre (World Bank) and Carlos Vegh (Johns Hopkins University)



Credit, Export and Business Cycles

Chair: Tito Cordella (World Bank)


Specialization in Bank Lending: Evidence from Exporting Firms

Daniel Paravisini (London School of Economics), Verónica Rappoport (London School of Economics) and Philipp Schnabl (New York University Stern)

Discussant: Marcela Eslava (Universidad de los Andes)


The Aggregate Implications of Regional Business Cycles

Martín Beraja (University of Chicago), Erik Hurst (University of Chicago) and Juan Ospina (University of Chicago)

Discussant: Marc Hofstetter (Universidad de los Andes)


Coffee Break


Effect of Household Credit on Sectoral Composition: Evidence from Mexico

Jagdish Tripathy (Universitat Pompeu Fabra)

Discussant: Sergio Schmukler (World Bank)


Closing Remarks

Tito Cordella (World Bank)