- ECB Workshop on
Exchange rates: a global perspective
| 10.00 a.m. | Registration |
| 10.30 a.m. | Welcome remarks Benoît Coeuré, Member of the Executive Board of the European Central Bank |
| 10.45 a.m. | Keynote speech Real exchange rate adjustment in and out of the Eurozone Charles Engel, University of Wisconsin |
| 11:30 a.m. | Coffee break |
| 12:00 a.m. | Session 1 Macroeconomic policies and exchange rates Chair: Klaus Masuch, European Central Bank |
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Export dynamics in large devaluations George Alessandria, Federal Reserve Bank of Philadelphia Sangeeta Pratap, Hunter College and City University of New York Vivian Yue, Board of Governors of the Federal Reserve System Discussant: Francesco Pappadà, University of Lausanne |
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| 12.50 a.m. | Buffet lunch |
| 2.00 p.m. |
Importers, exporters, and exchange rate disconnect Mary Amiti, Federal Reserve Bank of New York Oleg Itskhoki, Princeton University Jozef Konings, University of Leuven Discussant: Philippe Martin, Sciences Po |
| 2.50 p.m. |
International debt deleveraging Luca Fornaro, London School of Economics Discussant: Paraskevi Pappa, European University Institute |
| 3.40 p.m. | Coffee break |
| 4.10 p.m. | Session 2 Exchange rate markets Chair: Philipp Hartmann, European Central Bank |
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The share of systematic variation in bilateral exchange rates Adrien Verdelhan, Massachusetts Institute of Technology Discussant: Barbara Rossi, Universitat Pompeu Fabra |
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| 5.00 p.m. | Currency risk premia and macro fundamentals Lukas Menkhoff, Kiel Institute for the World Economy Lucio Sarno and Maik Schmeling, Cass Business School Andreas Schrimpf, Bank for International Settlements Discussant: Christiane Baumeister, Bank of Canada |
| 5.50 p.m. | End of first day |
| 7.30 p.m. | Dinner (by invitation only) Restaurant Emma Metzler |
| 9.30 a.m. | Session 3 Exchange rates and the international environment Chair: Frank Moss, European Central Bank |
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Optimal exchange rate policy in a growing semi-open economy Philippe Bacchetta and Kenza Benhima, University of Lausanne Yannick Kalantzis, Banque de France Discussant: Giovanni Lombardo, European Central Bank |
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| 10.30 a.m. | Has the dollar always dominated global oil markets? Evidence and implications for the international monetary system Livia Chitu and Arnaud Mehl, European Central Bank Barry Eichengreen, University of California, Berkeley Discussant: Richard Friberg, Stockholm School of Economics |
| 11.10 a.m. | Coffee break |
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Endogenous trade participation with incomplete exchange rate pass-through Yuko Imura, Bank of Canada Discussant: Paolo Pesenti, Federal Reserve Bank of New York |
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| 12.30 a.m. | Buffet lunch |
| 2.00 p.m. | End of workshop |
| Workshop dates | 27 and 28 June 2013 |
| Workshop venue | European Central Bank Eurotower, Conference room CV Kaiserstrasse 29 60311 Frankfurt am Main Tel.: +49 (0) 69 1344 0 Fax: +49 (0) 69 1344 6000 E-mail: E-mail: info@ecb.europa.eu |
| Workshop language | English |
| Programme | The workshop programme may be subject to change without notice. |
| Dinner | Restaurant Emma Metzler Schaumainkai 17 60594 Frankfurt am Main Tel.: +49 (0) 69 6199 5906 Fax: +49 (0) 69 6199 5909 |
| Organisers | European Central Bank Bank of Canada |
| Contacts | Alexandra Kroppenstedt Cristina Rico, Jasmine Heil |
| Website | http://www.ecb.europa.eu |