NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

Universities Research Conference

 

Micro and Macroeconomic Effects of Financial Globalization

 

December 5 and 6, 2008

 

Ross Levine and Carlos Vegh, Organizers

 

Royal Sonesta Hotel

40 Edwin H. Land Blvd.

Cambridge, MA

 

PROGRAM

 

FRIDAY, DECEMBER 5:

 

 8:45 am          Registration and Continental Breakfast

 

            Session 1:  Foreign Lending and Credit in Emerging Markets

 

 9:15 am          RAOUL MINETTI, Michigan State University

                        Foreign Lenders in Emerging Economies                 

 

                        Discussant: ANTON KORINEK, University of Maryland       

 

10:15 am         Break

 

10:45 am         MARIA SOLEDAD MARTINEZ PERIA, The World Bank

                        Foreign Bank Participation and Outreach: Evidence from Mexico

 

                        Discussant:  ATIF MIAN, University of Chicago and NBER

 

11:45 am         TODD GORMLEY, Washington University in St. Louis

                        Costly Information, Foreign Entry, and Credit Access

           

                        Discussant:  KENNETH KLETZER, UC, Santa Cruz

 

12:45 pm         Lunch

 

            Session 2:  Financial Markets and Macroeconomic Volatility

 

 2:00 pm          STEPHAN SIEGEL, Columbia University

                        What Segments Equity Markets?

 

                        Discussant: ANUSHA CHARI, University of North Carolina

 

 3:00 pm          Break

 

 3:30 pm          SEBNEM KALEMLI-OZCAN, University of Houston and NBER

                        Deep Financial Integration and Macroeconomic Volatility

 

                        Discussant: NICOLA CETORELLI, New York Federal Reserve

 

 4:30 pm          SCOTT DAVIS, Vanderbilt University

                        The Effects of Globalization on International Business Cycle Co-Movement:

                        Is All Trade and Finance Created Equal?

 

                        Discussant: FABIO GHIRONI, Boston College and NBER

 

 5:30 pm          Adjourn

 

 6:00 pm          Group Dinner – Royal Sonesta Hotel

 

SATURDAY, DECEMBER 6:

 

 8:45 am          Continental Breakfast

 

            Session 3:  International Finance: Risk and Investment

 

 9:15 am          ULUC AYSUN, University of Connecticut

                        ADAM HONIG, Amherst College

                        Bankruptcy Costs, Liability Dollarization and Vulnerability to Sudden Stops

           

                        Discussant: MARIO CRUCINI, Vandebilt University and NBER

 

10:15 am         Break

 

10:30 am         FILIPPO BRUTTI, Universitat Pompeu Fabra

                        Legal Enforcement, Public Supply of Liquidity and Sovereign Risk

 

                        Discussant:  VIVIAN YUE, New York University

 

11:30 am         LAURA ALFARO, Harvard University and NBER

                        Intra-Industry Foreign Direct Investment   

 

                        Discussant: VERONICA RAPPOPORT, Columbia University

 

12:30 pm         Adjourn

 

 

 

 

 

 

11/14/08