Santa Clara University

Directions and Lodgings


UCSC Campus Map

Visitor Parking


Parking Permits (Can be obtained at the TAPS Parking Sales Office in the H barn near the campus entrance)

Parking Map (Please park at the Core West Structure across the street from the engineering buildings)

Shuttle from SJC airport to UCSC campus via the Santa Cruz Flyer


Direction to UCSC


UCSC Engineering 2 (E2)Map


San Jose Airport



special conference rates for hotels need to be secured by 1st September.


Contacts for Dream Inn:

Dream Inn 175 W Cliff Drive, Santa Cruz CA 95060

Thurs, 10/1: $209 + tax, parking $15/night, reserve by Sept 1


Fri, 10/2: $289 + tax, parking $15/night, reserve by Sept 1

Call-In 831.426.4330

Ask for the UCSC SCU WCIF Conference block


In the Check-in date field, enter 10/01 or 10/02
Enter 1510UCSCSC in the Group ID field


Contacts for Beach Street Inn

TELE: (831) 423-3031



Thurs, 10/1: $149 + tax, reserve by Sept 1

Fri, 10/2: $279 + tax, reserve by Sept 1

ask for UCSC SCU WCIF Conference rate

The reservations for Beach Street Inn must be made by phone.

Download the 2015 WCWIF Agenda Below


Download Agenda (.pdf)


WCWIF Agenda 2015


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WCWIF 2015


West Coast Workshop on International Finance and Open Economy Macroeconomics

October 2, 2015.

Engineering 2 (E2) Building, Simularium, Room 180 [map] , UC Santa Cruz


Prof. Helen Popper, Department of Economics, SCU
Prof. Michael Hutchison, Department of Economics, UCSC

Prof. Carl Walsh, Department of Economics, UCSC

Register Here


Marianne Farag
Administrative Assistant
Department of Economics
Santa Clara University
SCU (408) 554-4341



9:00 - 9:25 Coffee and Rolls

Welcome by Michael Hutchison, Helen Popper, Carl Walsh 


  Session 1: Implications of Currency Ties, Chair: Helen Popper, SCU

9:30 - 10:15 “Bailouts and Sovereign Defaults in a Monetary Union”
   Pierre-Olivier Gourinchas, UCB
Discussant: Menzie Chinn, U of Wisconsin, Madison

10:15 - 11:00 Currency Unions and Trade: A Post-EMU Mea Culpa
  Andrew Rose, UCB
Reuven Glick, FRBSF 
Discussant: Thuy Lan Nguyen, SCU

11:00 - 11:30 Break

  Session 2: Default Risk, Chair: Carl Walsh, UCSC

11:30-12:15 Debt Overhang and Rollover
  Michal Szkup, UBC
Discussant: Pablo Kurlat, Stanford University

12:15 - 1:00 Envelope Condition Method with an Application to Default Risk Models
  Cristina Arellano, FRBM
Lilia Maliar, Stanford
Serguei Maliar, SCU
Viktor Tsyrennikov, Cornell
Discussant Grace Gu, UCSC

1:00 - 2:00 Lunch

  Session 3: Trade and Business Cycles, Chair, Fernanda Nechio, FRBSF

2:00-2:45 The Distributional Consequences of Large Devaluations
  Javier Cravino, U. Michigan
Andrei Levchenko, U. Michigan
Discussant: Yu-chin Chen, University of Washington

2:45 - 3:30 Chinese Outwards Mercantilism-The Art and Practice of Bundling,
  Joshua Aizenman, USC
Yothin Jinjarak, Victoria Business School
Huanhuan Zheng, Chinese University of Hong Kong
Discussant Antonio Rodriguez-Lopez, UC Irvine

3:30 - 4:00 Break

  Panel Discussion: The Future of International Finance, Chair, Michael Hutchison, UCSC

4:00-6:00 "Reflections on 40 Years in International Finance as Guide to New Developments in the Field",
  Michael Dooley, UCSC
Discussant Panel: James Boughton (CIGI), Robert Flood, Notre Dame
Hali Edison, IMF
Aris Protopapadakis, USC


6:15 - 9:30 Reception and Dinner, UCSC University Center

Informal Comments and Reflections by Participants of the Workshop and Members of the UCSC Department of Economics on the Occasion of Michael Dooley’s Retirement

The organizers, Michael Hutchison and Carl Walsh (UCSC) and Helen Popper (SCU), thank the Leavey School of Business at Santa Clara University, UCSC Economics Department Dean’s Office, USC Dockson Chair in Economics and International Relations, the Walsh Family Foundation, and the Federal Reserve Bank of San Francisco for supporting this workshop.