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Venue

Amphithéâtre SCOR, 5, Avenue Kleber, 75016 Paris

Format

Paris

Date

Friday, September 16, 2016

In cooperation with

The Case for Rethinking International Capital Flows 

Dinner Speech by Benoît Cœuré, Member of the Executive Board of the European Central Bank

Program

Time
Friday, 16 September 2016
08:00
Registration
08:45
Opening and welcome
Urs W. Birchler, SUERF President and University of Zurich
09:00
Session I - Capital controls and foreign exchange interventions
Chair: Marc-Olivier Strauss-Kahn, Banque de France

Banks Make Sterilized FX Purchases Expansionary

Márcio Gomes Pinto Garcia, Pontifícia Universidade Católica do Rio De Janeiro presentation

Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective

Alessandro Rebucci, Johns Hopkins University Carey Business School presentation

Exchange Rate Policies at the Zero Lower Bound

Fabrizio Perri, Federal Reserve Bank of Minneapolis presentation

Currency Wars or Efficient Spillovers? A General Theory of International Policy Cooperation

Anton Korinek, Johns Hopkins University and NBER presentation
11:00
Coffee
11:30
Policy Panel - Capital flows and the international dimension of monetary policy
Moderator: Francesco Giavazzi, Bocconi University

Capital Flows and the International Dimension of Monetary Policy

Kristin J. Forbes, Bank of England and MIT Sloan School of Management presentation

Rethinking Capital Controls and Capital Flows

Catherine L. Mann, OECD presentation
Lorenzo Bini Smaghi, Société Générale
Jonathan Ostry, IMF
Karim El Aynaoui, OCP Policy Center
Kevin Noel Cowan, Inter-American Development Bank
13:00
Lunch
14:00
Session II - Capital flows and macroeconomic performance
Chair: Philippe Trainar, SCOR

Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence

Olivier Blanchard, Peterson Institute for International Economics presentation

Monetary policy with large capital flows

Hélène Rey, London Business School presentation

Decomposing International Portfolio Flows

Frank E. Warnock, Darden Business School-University of Virginia presentation

International Sectoral Portfolios

Natacha Valla, EIB and SUERF presentation

Global Imbalances and Currency Wars at the ZLB

Pierre-Olivier Gourinchas, University of California, Berkeley presentation
16:30
Closing
Romain Ranciere, Paris School of Economics