Fifth BIS Annual Conference: Financial Globalisation

Brunnen, 19-20 June 2006



Programme



Monday, 19 June 2006
  
09.00Opening remarks: William White (BIS)
  
09.15Morning 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)
      
    11.15Session 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)
      
    14.15Afternoon 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)
  •   
    16.15Session 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
      
    09.00Morning 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)
  •   
    11.00Session 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)
      
    14.00Afternoon 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)
    15.30Close of conference