Tsinghua Workshop in International Finance
June 11 - 12, 2019, Tsinghua University, Beijing, China
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Tsinghua Workshop in International Finance 2019

June 11 - 12, 2019


Tsinghua University, Beijing

Venue: Room 418, Shunde Bldg., Tsinghua SEM

Keynote Speaker: Giancarlo Corsetti and Enrique Mendoza

 

Tuesday, June 11

7:30-7:50      Registration

7:50-8:00      Opening Remarks: Chong-En Bai (Mansfield Freeman Professor and Dean, School of Economics and Management, Tsinghua University)

 

Morning Session: (Presenters: 55 minutes)

Chair: Yan Bai (University of Rochester)

 

8:00-9:00      Giancarlo Corsetti (Cambridge University and CEPR), Luca Dedola (European Central Bank and CEPR),

        Sylvain Leduc (Bank of Canada):

"Exchange Rate Misalignment, Capital Flows and Optimal Monetary Policy Trade-offs"

 

9:00-10:00    Ricardo Reyes-Heroles (Federal Reserve Board), Gabriel Tenorio (Bank of America Merrill Lynch):

"Macroprudential Policy in the Presence of External Risks"

 

10:00-10:15   Coffee Break

 

10:15-11:15  Alan Finkelstein Shapiro (Tufts University), Victoria Nuguer (Inter-American Development Bank):

"Domestic Financial Participation and External Vulnerability in Emerging Economies"

 

11:15-12:15  Giancarlo Corsetti (Cambridge University and CEPR):

Keynote Speech: "Is International policy coordination irrelevant? The elusive gains from nationally oriented monetary policy"

 

12:15-13:30  Lunch

 

Afternoon Session: (Presenters: 55 minutes)

Chair: Keyu Jin (LSE)

 

13:30-14:30  Oleg Itskhoki (Princeton University), Dmitry Mukhin (Yale University):

"Mussa Puzzle Redux"

 

14:30-15:30  Dan Cao (Georgetown University), Martin D.D. Evans (Georgetown University), Wenlan Luo (Tsinghua University):

" The International Real Business Cycle Model is more useful than you think"

 

15:30-15:45   Coffee Break

 

15:45-18:00   Policy Panel:

Moderator: Chong-En Bai (Mansfield Freeman Professor and Dean, School of Economics and Management, Tsinghua University)

Cristina Arellano (Federal Reserve Bank of Minneapolis)

Giancarlo Corsetti (Cambridge University and CEPR)

Enrique G. Mendoza (University of Pennsylvania)

Yanliang Miao (State Administration of Foreign Exchange Investment Center)

 

18:30-20:00  Conference Dinner

 

Wednesday, June 12

Morning Session: (Presenters: 55 minutes)

Chair: Qing Liu (Tsinghua University)

 

9:00-10:00    Aitor Erce (European Stability Mechanism), Enrico Mallucci (Federal Reserve Board):

"Selective Sovereign Defaults"

 

10:00-11:00  Cristina Arellano (Federal Reserve Bank of Minneapolis), Yan Bai (University of Rochester and NBER),

       Gabriel Mihalache (Stony Brook University):

"Monetary Policy and Sovereign Risk in Emerging Economics"

 

11:00-11:15  Coffee Break

 

11:15-12:15  Enrique G. Mendoza (University of Pennsylvania):

Keynote Speech: "The Fisherian Approach to Sudden Stops: Positive and Normative Lessons"

 

12:15-13:30  Lunch

 

Afternoon Session: (Presenters: 55 minutes)

Chair: Vivian Yue (Emory)

 

13:30-14:30  Andres Fernandez (Central Bank of Chile), Ruy Lama (International Monetary Fund),

       Carlos Vegh (Johns Hopkins University & World Bank), Guillermo Vuletin (World Bank):

"On Fiscal Cyclicality and Market Incompleteness"

 

14:30-15:30  Sihao Chen (Hong Kong University of Science and Technology):

" International Production Networks and the Propagation of Financial Shocks"

 

15:30-15:45  Coffee Break

 

Chair: Kang Shi (CUHK)

 

15:45-16:45  Wataru Miyamoto ( University of Hong Kong), Thuy Lan Nguyen (Santa Clara University):

"International Linkages and the Changing Nature of International Business Cycles"

 

16:45-17:45 Chao He (London School of Economics and Political Science):

"When Being Thrifty is Risky: A Paradox of Precaution in International Saving"

 

 

Tsinghua Workshop in International Finance

for Young Economists 2019

June 13, 2019


Tsinghua University, Beijing

Venue: Room 306, Shunde Bldg., Tsinghua SEM

 

Thursday, June 13

Morning Session: (Presenters: 55 minutes)

Chair: Wen Yao (Tsinghua University)

 

9:00-10:00    Hao Jin (Xiamen University), Chen Xiong (Xiamen University):

"Fiscal Stress and Monetary Policy Stance in Oil Exporting Countries"

 

10:00-11:00  Michael Devereux (University of British Columbia), Dun Jia (Renmin University of China),

        Guoshi Tong (Renmin University of China):

"Online Borders of the U.S. Dollar: Price Stickiness and Exchange Rate Sensitivities"

 

11:00-11:15  Coffee Break

 

11:15-12:15  Qing Liu (Tsinghua University), Kang Shi (The Chinese University of Hong Kong),

        Junjie Tang (The Chinese University of Hong Kong), Jenny Xu (The Hong Kong University

        of Science and Technology):

"Trade Reforms and External Adjustment: Theory and Evidence from China"

 

12:15-13:30  Lunch

 

Afternoon Session: (Presenters: 55 minutes)

Chair: Wenlan Luo(Tsinghua University)

 

13:30-14:30  Jie Peng (City University of Hong Kong), Jing Wu (City University of Hong Kong),

       Yu Zhang (Guanghua School of Management, Peking University):

"Global Supply Chains and Cross-Border Financing"

 

14:30-15:30  Renliang Liu (the University of Guelph), Liugang Sheng (the Chinese University of Hong Kong),

        Jian Wang (the Chinese University of Hong Kong, Shenzhen):

"Capital Control Evasion, Dual Exchange Rates Arbitrage and Fake Trade"

 

15:30-15:45  Coffee Break

 

Chair: Jenny Xu (HKUST)

 

15:45-16:45  Chang Ma (Fudan University), Shangjin Wei (Columbia University):

"Domestic Institutions and the Volatility of International Capital Flows"

 

16:45-17:45 Tuo Chen (Tsinghua University):

"TFP Declines: Misallocation or Mismeasurement?"