Santa Clara University

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WCWIF 2013


West Coast Workshop on International Finance and Open Economy Macroeconomics

October 11, 2013.

University of California Santa Cruz

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


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



West Coast Workshop International Fiance & Open Economy Macroeconomics
October 11, 2013 - University Center Alumni Room, UC Santa Cruz


8:30 - 9:00 Coffee and Rolls

Default and its Implications

Chair, Johanna Francis, Fordham University and UC Santa Cruz
9:00 - 9:45 Leverage and Beliefs: Risk Taking and Personal Experience in Collateralized Lending Transaction on the Amsterdam Stock Market, 1770-1775
  Peter Koudijs, Stanford University
Discussant: Chris Meissner, University of California at Davis
Discussant Notes

9:45 - 10:30 "A Tale of Two Countries: Sovereign Default and Trade
  Grace Gu, University of California at Santa Cruz
Discussant: Kenneth Kasa, Simon Frasier University
Discussant Notes

10:30 - 10:45 Break


International Finance and Macroeconomic Policy

Chair, Eric Aldrich, UC Santa Cruz
10:45-11:30 The Rehabilitation of UIRP
  Aris Protopapadakis, University of Southern California
Discussant: Rick Fernholz, Claremont McKenna
Discussant Notes

11:30 - 12:15 Macroeconomics Adjustment and the History of Crises in Open Economics
  Joshua Aizenman, University of Southern California
Discussant Takeo Hoshi, Stanford University
Discussant Notes

12:15 - 1:45 Lunch


The International Macroeconomic Trilemma and Monetary Policy

Chair, Ken Kletzer, UC Santa Cruz
1:45-2:30 Capital Controls, Global Liquidity Traps and the International Policy Trilemma
  Michael Devereux, University of British Columbia
Discussant: Carl Walsh, University of California at Santa Cruz
Discussant Notes

2:30 - 3:15 Market Deregulation and Optimal Monetary Policy in a Monetary Union
  Fabio Ghironi, University of Washington
Discussant Betty Daniels, SUNY
Discussant Notes

3:15 - 3:30 Break


International Financial Market Barriers and Intergration

Chair, Helen Popper, Santa Clara University
3:30-4:15 Non- Fundametal Dynamics and Financial Markets Intergration
  Giacomo Rondina, University of California San Diego
Discussant: Goncalo Pina, Santa Clara University
Discussant Notes

4:15 - 5:00 Capital Controls and Currency Wars
  Anton Korinek, John Hopkins University
Discussant Reuven Glick, Federal Reserve Bank of San Francisco
Discussant Notes