Tsinghua Workshop in International Finance
June 26 - 28, 2020, 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 (Rochester University)

 

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 Financial Policies in Emerging Economies"

 

11:15-12:15  Giancarlo Corsetti (London Business School 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: Juanyi Xu (HKUST)

 

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)

Officials (TBA) (PBOC/the State Administration of Foreign Exchange)

 

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):

"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 (Inter-American Development Bank)

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"