Posted 7/30/09
CALL FOR PAPERS
GLOBAL DIMENSIONS OF THE FINANCIAL CRISIS
June 3-4, 2010
Federal Reserve Bank of New York
The Federal Reserve Bank of New York will host a conference
on June 3 and 4, 2010, on the Global Dimensions of the
Financial Crisis. The conference organizers are soliciting
submissions that address themes that include, but are not
limited to, the following:
THE ROLE OF GLOBAL FINANCIAL MARKETS:
The crisis has revealed an extraordinary degree of
interdependence among major economies. What role did
financial markets play in the international transmission of
shocks during the crisis? How did financial deleveraging
propagate and magnify shocks across countries?
DYNAMICS OF INTERNATIONAL TRADE, CAPITAL FLOWS, AND RECOVERY:
What accounts for the unprecedented decline in world trade
during the crisis? Can it be explained by inventory
dynamics, trade finance constraints, or other causes?
What determines the different recovery paths across
countries?
What new insights have emerged on the issue of current
account sustainability?
What have been the consequences of shifting risk appetites
for international capital flows? How have they differed
across developed and developing economies?
POLICY INTERVENTIONS ACROSS COUNTRIES:
What have been the comparative effects, at home and abroad,
of monetary policy; fiscal policy; and extraordinary market
interventions (short-sale bans, bank liability guarantees,
recapitalization programs, asset protection programs, asset
purchase programs, and foreign exchange swaps programs)?
What accounts for the very different policy responses
observed across countries?
How has cross-country regulatory arbitrage by firms
constrained policymakers over the course of the crisis?
EXCHANGE RATE POLICIES, INTERNATIONAL CURRENCIES, AND
FOREIGN EXCHANGE RESERVES:
What are the implications of the crisis for the
international role of the dollar and other currencies going
forward? Has the debate over Bretton Woods II been altered
by the crisis and the responses of countries?
What have we learned about the use of foreign exchange
reserves in a crisis? When should a country use its
reserves? Do reserves play an important role even when they
are not used?
Did lender-of-last-resort programs respond effectively to
the crisis? What are the implications of the crisis for
international liquidity programs?
AUDIENCE:
The conference is open to academics, policymakers, and
other researchers in the field of economics. It is closed
to the media.
PAPER SUBMISSION PROCEDURE:
The deadline for submissions of completed or draft
manuscripts is Friday, October 30, 2009. Papers should be
sent electronically to the Conference Mailbox:
Email: MAILTO:Global.Dimensions@ny.frb.org
Authors of accepted manuscripts will be contacted around
December 1, 2009.
CONFERENCE ORGANIZERS:
Linda Goldberg
Rebecca Hellerstein
FURTHER INFORMATION:
Please address any questions to:
CONTACT: Linda Goldberg
Email: MAILTO:Linda.Goldberg@ny.frb.org