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CONFERENCE ANNOUNCEMENT AND CALL FOR PAPERS
Global Dimensions of the Financial Crisis
June 3-4, 2010
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
By invitation only. It is closed to the media.
Call for Papers Deadline
The deadline for submissions of completed or draft manuscripts is Friday, October 30, 2009. Papers should be sent electronically to the Conference Mailbox. Authors of accepted manuscripts will be contacted around December 1, 2009.

The Journal of International Economics (JIE) will publish a special conference volume. Submission is optional and authors submitting papers to the conference should indicate whether or not they wish their paper to be considered for the special volume. Papers for the special issue will be subject to the normal refereeing process of the JIE.
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Conference Organizers
Linda Goldberg
Rebecca Hellerstein
Contact
Please address any questions to Linda Goldberg