XIX Workshop in International Economics and Finance, Bogotá, 2016

Thursday, March 10, 2016

09.00-09.30

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)

09.30-10.40

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

10.55-12.05

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)

12.05-13.20

Lunch

13.20-14.30

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)

14.30-15.40

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

15.55-17.05

Credit, Misallocation and Productivity Growth: A Disaggregated Analysis

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

Discusssant: Julieta Caunedo (Cornell University)

19.30

Conference Dinner at Restaurante Club Colombia

 

Friday, March 11, 2016

Policy Panel

Chair: Hernando Vargas Herrera (Banco de la República)

9.30-11.30

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)

12.00-13.15

Lunch

Credit, Export and Business Cycles

Chair: Tito Cordella (World Bank)

13.15-14.25

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)

14.25-15.35

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

15.50-17.00

Effect of Household Credit on Sectoral Composition: Evidence from Mexico

Jagdish Tripathy (Universitat Pompeu Fabra)

Discussant: Sergio Schmukler (World Bank)

17.00-17.10

Closing Remarks

Tito Cordella (World Bank)