Fifth BIS Annual Conference: Financial Globalisation

Brunnen, 19-20 June 2006


Programme


Monday, 19 June 2006
   
09.00 Opening remarks: William White (BIS)
   
09.15 Morning Chair: Kazumasa Iwata (Bank of Japan)

Session 1: Democracy and globalisation (PDF, 46 pages, 189 kb)

Authors: Barry Eichengreen (University of California, Berkeley)
David Leblang (University of Colorado, Boulder)
  • Presentation (PDF, 24 pages, 70 kb)
  • Discussants: Marc Flandreau (Institut d'Etudes Politiques de Paris)
    Harold James (Princeton University)
       
    11.15 Session 2: Globalisation and asset prices (PDF, 57 pages, 485 kb)
    Authors: Geert Bekaert (Columbia University)
  • Presentation (PDF, 37 pages, 365 kb)
  • Discussants: Alan Bollard (Reserve Bank of New Zealand)
  • Presentation (PDF, 18 pages, 119 kb)

  • Sushil Wadhwani (Wadhwani Asset Management)
       
    14.15 Afternoon Chair: Lorenzo Bini Smaghi (ECB)

    Session 3: Sudden stop and recovery: lessons and policies (PDF, 41 pages, 418 kb)

    Authors: Guillermo Calvo (Inter-American Development Bank)
  • Presentation (PDF, 37 pages, 414 kb)
  • Discussants: Randall Kroszner (Board of Governors of the Federal Reserve System)
  • Presentation (PDF, 21 pages, 355 kb)

  • Takatoshi Ito (University of Tokyo)
  • Presentation (PDF, 17 pages, 662 kb)
  •    
    16.15 Session 4: Panel on "Review of recent trends and issues in financial sector globalisation"

    Background reports:

    Lead-off presenter: Christine Cumming (Federal Reserve Bank of New York)
  • Presentation (PDF, 18 pages, 68 kb)
  • Other panellists: José Luis de Mora (Banco Santander Central Hispano)
  • Presentation (PDF, 27 pages, 2110 kb)

  • David Llewellyn (Loughborough University)
  • Presentation (PDF, 21 pages, 59 kb)

  • Guillermo Ortiz (Banco de México)
  • Presentation (PDF, 15 pages, 393 kb)
  •    
       
       
    Tuesday, 20 June 2006
       
    09.00 Morning Chair: Donald Kohn (Board of Governors of the Federal Reserve System)

    Session 5: Financial globalisation, governance and the evolution of the home bias (PDF, 52 pages, 202 kb)

    Authors: René Stulz (Ohio State University), Bong-Chan Kho (Seoul National University), Francis E Warnock (University of Virginia)
  • Presentation (PDF, 22 pages, 131 kb)

  • Discussants: Philip Lane (Institute for International Integration Studies)
  • Presentation (PDF, 11 pages, 52 kb)

  • José Viñals (Banco de España)
  • Presentation (PDF, 14 pages, 75 kb)
  •    
    11.00 Session 6: Global "imbalances" (PDF, 58 pages, 962 kb)
    Authors: Ricardo Caballero (Massachusetts Institute of Technology)
  • Presentation (PDF, 44 pages, 248 kb)

  • Emmanuel Farhi (Massachusetts Institute of Technology)
    Pierre-Olivier Gourinchas (University of California, Berkeley)
    Discussants: Jeffrey Frankel (Harvard University)
  • Presentation (PDF, 57 pages, 315 kb)

  • Michael Mussa (Institute for International Economics)
       
    14.00 Afternoon Chair: Malcolm Knight (BIS)

    Session 7: Policy panel

    Panellists: Vittorio Corbo (Banco Central de Chile)
  • Presentation (PDF, 12 pages, 103 kb)

  • Raghuram Rajan (IMF)
    Usha Thorat (Reserve Bank of India)
    Zdenik Tuma (Czech National Bank)
    15.30 Close of conference