Federal Reserve Bank of San Francisco

Economic Research

CPBS 2010 Pacific Basin Research Conference Center for Pacific Basin Studies Federal Reserve Bank of San Francisco Janet Yellen Conference Center October 1, 2010

October 1, 2010

8:15 AM Continental Breakfast
8:45 AM Welcoming Remarks
9:00 AM Session 1
“Does Short-Term Debt Increase Vulnerability to Crisis? Evidence from the East Asian Financial Crisis”

Eyal Dvir,* Boston College
Efraim Benmelech, Harvard University
Discussants: Galina Hale, Federal Reserve Bank of San Francisco
Sergio Schmukler, World Bank
10:00 AM Break
10:30 AM Session 2
“Hoarding International Reserves Versus A Pigovian Tax-Cum-Subsidy Scheme: Reflections on the Deleveraging Crisis of 2008-9, and a Cost Benefit Analysis”

Joshua Aizenman, University of California, Santa Cruz
Discussants: Carolyn Evans, Santa Clara University
Kathryn Dominguez, University of Michigan
“Regional Reserve Pooling Arrangements”
Prakash Kannan,* International Monetary Fund
Suman Basu, International Monetary Fund
Ran Bi, International Monetary Fund
Discussants: Pierre-Olivier Gourinchas, University of California, Berkeley
Charles Engel, University of Wisconsin
12:30 PM Lunch
2:30 PM Session 3
“Overborrowing, Financial Crises and ‘Macro-Prudential’ Taxes”

Enrique Mendoza,* University of Maryland
Javier Bianchi, University of Maryland
Discussants: Vincenzo Quadrini, University of Southern California
Amartya Lahiri, University of British Columbia
3:30 PM Break
4:00 PM Session 4
“Trade Elasticities”

Jean Imbs,* HEC Lausanne
Isabelle Mejean, International Monetary Fund
Discussants: George Alessandria, Federal Reserve Bank of Philadelphia
Brent Neiman, University of Chicago Booth School of Business
“In Search of the Armington Elasticity”
Robert Feenstra,* University of California, Davis
Maurice Obstfeld, University of California, Berkeley
Katheryn Russ, University of California, Davis
Discussants: Kei Mu Yi, Federal Reserve Bank of Minneapolis
James Harrigan, University of Virginia
6:00 PM. Reception
6:30 PM Dinner
7:15 PM Keynote Address: Rakesh Mohan, Yale University

Agenda PDF