Conferences

Eighth Annual Conference of the Central Bank of Chile:

External Financial Vulnerability and Preventive Policies

Wednesday, August 11

Session II (continuation)
Time Speaker Subject  
9:30-10:20
  • Kevin Cowan (IDB)
    Erwin Hansen (IDB)
    Luis Óscar Herrera (Central Bank of Chile)
    Discussant: Roberto Rigobon (MIT)
Currency Mismatches, Balance Sheet E¤ects and Hedging in Chilean Non-Financial Corporations (230Kb)  
10:20-10:40
  • Coffe
10:40-11:30
  • Esteban Jadresic (Central Bank of Chile)
    Jorge Selaive (Central Bank of Chile)
    Discussant: Guillermo Larraín (Superintendencia de AFP)
Is the FX derivatives market effective and efficient in reducing currency risk? Some evidence, with focus on Chile (360 Kb)  

Invited Lecture

Chair: Rodrigo Valdés (Central Bank of Chile)

Time Speaker Subject  
11:30-12:30
  • Sebastián Edwards
    UCLA
 Managing the Capital account (272 Kb)  
12:00-12:30
  • Ernesto Talvi
    CERES
Sudden Stops, Financial Vulnerabilities and Economic Collapse: A View from the Southern Cone  
12:30-14:00 Lunch

Session III: How could emerging economies face better external vulnerability?

Chair: Jorge Desormeaux (Central Bank of Chile)
Time Speaker Subject  
14:00-14:50
  • Kenneth Kletzer (UC at Santa Cruz)
    Discussant: Pablo Neumeyer (Universidad Torcuato Di Tella)
 Sovereign Debt, Volatility and Insurance (321 Kb)  
14:50-15:40
  • Francisco Gallego (MIT)
    Geraint Jones (MIT)
    Discussant: Arvind Krishnamurthy (Northwestern University)
 Exchange Rate Interventions and Insurance: Is “Fear of Floating” a Cause for Concern? (213 Kb)  
15:40-16:00 Coffee
16:00-16:50
  • Ricardo Caballero (MIT)
    Stavros Panageas (MIT)
    Discussant: Andrés Velasco (Harvard University)
 Contingent Reserves Management: An Applied Framework