Workshop on “International Monetary and Financial System – short-term challenges, long-term solutions”


Workshop on “International Monetary and Financial System – Short-term challenges, long-term solutions” 

14 June 2015

Bodrum, Turkey


13 June, Saturday    Welcome Reception
19:30 – 21:30  Ramada Resort Hotel, Bodrum
14 June, Sunday  
08:00 – 08:30                                      Registration
08:30 – 08:45                                       Welcoming Remarks and Workshop Program
Turalay Kenç, Deputy Governor, CBRT
Philip Evans, Director, BOE
Session 1:  
08:45-09:15 Domestic and Multilateral Effects of Capital Controls in Emerging Markets / (Slides)
Gurnain Pasricha (Bank of Canada), Matteo Falagiarda (ECB), Martin Bijsterbosch (ECB) and Joshua Aizenman (University of Southern California)
09:15-09:45 Regulating Capital Flows at Both Ends: Does it Work?
Atish R. Ghosh (IMF), Masvash S. Qureshi (IMF) and Naotaka Sugawara (IMF)
09:45-10:00 Coffee Break
Session 2:  
10:00-10:30 Policy Choices and Resilience to International Monetary Shocks
Xuehui Han (Asian Development Bank) and Shang-Jin Wei (Asian Development Bank)
10:30-11:00  External Shocks, Banks and Monetary Policy in an Open Economy
Yasin Mimir (CBRT) and Enes Sunel (CBRT)
11:00 – 11:15 Coffee Break
Session 3:  
11:15 – 11:45 Global Liquidity, House Prices, and the Macroeconomy: Evidence from Advanced and Emerging Economies
Ambrogio Cesa-Bianchi (BoE), Luis Felipe Cespedes (Universidad Adolfo Ibanez) and Alessandro Rebucci (John Hopkins University)
11:45 – 12:15 Investor Redemptions and Fund Manager Sales of Emerging Market Bonds: How Are They Related?
Jimmy Shek (BIS), Ilhyock Shim (BIS) and Hyun Song Shin (BIS)
12:15 – 13:30 Lunch 
Session 4:  
13:30 – 14:00 Global Banking, Global Crises? The Role of the Bank Balance-Sheet Channel for the Transmission of Financial Crises
Rudiger Ahrend (OECD) and Antoine Goujard (OECD)
14:00-14:30 Dollar Debt in the International Monetary System: New Vulnerabilities
Ilhyock Shim (BIS), Philip Turner (BIS) and Michael Chui (BIS)
14:30-15:00 Progress and Challenges in International Monetary System Reform
Andreas Bauer (IMF)
15:00-15:15 Coffee Break
Session 5:  
15:15 – 18:15 Round Table
18:15 – 18:30 Closing Remarks
18:30 Adjourn