Sixth BIS CCA Research Conference on "Detecting vulnerabilities, monetary policy normalisation and policy frameworks"

13–14 April 2015 | Mexico City, Mexico

About this conference

Under the auspices of the Consultative Council for the Americas (CCA), the Americas Office organises Annual Research Conferences, workshops and conferences for the research networks.

Hosted by Banco de México on 13 - 14 April 2015.

Day 1 - 13 April

09:00 - 09:20

Alberto Torres (Director General of Economic Research, Banco de México)
Hyun Song Shin (Economic Adviser and Head of Research, Bank for International Settlements)

Paper presentations: 25 minutes - Discussion: 15 minutes - Open discussion: 10 minutes

09:20 - 11:00

Chair: Enrique Alberola (Bank for International Settlements)

  1. Risky banks and macroprudential policy for emerging economies

Gabriel Cuadra and Victoria Nuguer (Banco de México) | Paper, presentation

Discussant: Luca Dedola (European Central Bank) | Presentation

  1. Asset price bubbles and monetary policy in a small open economy

Martha Lopez (Banco de la República - Colombia) | Paper, presentation

Discussant: Kevin Lansing (FRB San Francisco) | Presentation

11:20 - 12:10

Chair: Rasmus Fatum (University of Alberta)

  1. Capital flows and macroprudential policies - a multilateral assessment of effectiveness and externalities

John Beirne and Christian Friedrich (Bank of Canada) | Paper, presentation

Discussant: Atish Ghosh (IMF) | Presentation

14:00 - 14:50

Chair: Rasmus Fatum (University of Alberta)

  1. How effective are macroprudential policies? An empirical investigation

Ozge Akinci and Jane Olmstead-Rumsey (Federal Reserve Board) | Paper, presentation

Discussant: Luis Serven (World Bank) | Presentation

15:00 - 16:40

Chair: Daniel Sámano Peñaloza (Banco de México)

  1. Bank's price setting and lending maturity: evidence from an inflation targeting economy

Emiliano Luttini and Michael Pedersen (Central Bank of Chile) | Paper, presentation

Discussant: Ferre de Graeve (Sveriges Riksbank) | Presentation

  1. The dynamic effects of interest rates and reserve requirements

Fernando Perez-Forero and Marco Vega (Central Reserve Bank of Peru) | Paper, presentation

Discussant: Francesco Zanetti (Oxford University) | Presentation

Day 2 - 14 April

09:30 - 11:10

Chair: Luca Dedola (European Central Bank

  1. OTC derivatives: impacts of regulatory changes on the non-financial sector

Gustavo Silva Araujo and Sergio Leao (Central Bank of Brazil) | Paper, presentation

Discussant: Michael Moore (Warwick Business School) | Presentation

  1. The effect of global liquidity on corporate financing in Mexico

Mauricio Carabarin, Adrian de la Garza and Othon Moreno (Banco de México) | Paper, presentation

Discussant: Rasmus Fatum (University of Alberta) | Presentation

11:10 - 11:20

Enrique Alberola (Chief Representative, Bank for International Settlements, Office for the Americas)