Asia School of Business

    3rd ASB-CEPR-ERSA-ADB-CAMA-BNM and WB Workshop on Macroeconomic Policy in Emerging Markets

    Thursday, January 16, 2025 at 8:15 AM until Friday, January 17, 2025 at 6:15 PMMalay Peninsula Standard Time UTC +08:00


    Level 2, CR-E2-02, Asia School of Business (ASB) Academic
    11, Jalan Dato Onn
    Kuala Lumpur 50480
    Malaysia

    Download Program Agenda


    Event Overview:

    Macroeconomic policy in emerging markets is facing the multiple challenges of an uncertain global environment, high world interest rates, and a limited fiscal space after unprecedented global shocks. At the same time emerging markets are becoming increasingly important both as determinants of the world economic outlook and centers of policy innovation and experimentation. 

    The 3rd Macroeconomic Policy in Emerging Markets Workshop is dedicated to exploring and discussing research on the challenges to macroeconomic policy in emerging markets, the policy options available to them and the best ways to inform and monitor policy.

    Hélène Rey (London Business School and CEPR) will be the keynote speaker of the conference.

    The conference is organised with the support of the Asia School of Business’ Central Banking Research CenterBank Negara Malaysia, the Asian Development Bank, the Centre of Applied Macroeconomic Analysis (Australian National University), World Bank’s East Asia and Pacific Office, the South African Reserve Bank and the Banco Central de Chile.

     

    OPEN-EVENT. RSVP NOW BY REGISTERING BELOW.

    Workshop Agenda: 

    Day 1: 16 January, 2025

    TimeIn-person only
    8:15 AM - 8:50 AMRegistration & Coffee
    8:50 AM - 9:00 AMWelcoming Remarks 
    9:00 AM - 10:00 AM

    Session 1: 

    Macro-Financial Implications of the Surging Global Demand (and Supply) of International Reserves

    Presenter: Vincenzo Quadrini, USC
    Discussant: Ippei Fujiwara, Keio University

    10:00 AM - 10:30 AMBreak
    10:30 AM - 11:30 AM

    Session 2: 

    The Nuanced Role of Government Credit on Monetary Policy Transmission

    Presenter: Leila Aghabarari, World Bank
    Discussant: Ozer Karagedikli, Asia School of Business

    11:30 AM - 12:00 PMBreak
    12:00 PM - 1:00 PM

    Session 3: 

    High-Frequency Surprises: Uncovering Credit Rating Agency Shocks in an Emerging Market

    Presenter: Lorenzo Menna, Bank of Mexico
    Discussant: Giovanni Ricco, Warwick University

    1:00 PM - 2:00 PMLunch
    2:00 PM - 3:00 PM

    Session 4: 

    Corporate Debt Structure over The Global Credit Cycle

    Presenter: Nina Boyarchenko, New York Fed
    Discussant: Karsten Muller, National University of Singapore

    3:00 PM - 3:30 PMBreak
    3:30 PM - 4:30 PM

    Session 5: 

    The Emerging Market Great Moderation

    Presenter: Timothy Meyer, University of Bonn
    Discussant: Refet Gurkaynak, Bilkent University and CEPR

    4:30 PM - 5:00 PMBreak
    5:00 PM - 6:00 PM

    Session 6: 

    To Comply or not to Comply: Understanding Developing Country Supply Chain Responses to Russian Sanctions

    Presenter: Haishi "Harry" Li, University Of Hong Kong
    Discussant: Gabriele Ciminelli, Asian Development Bank

    7:00 PM - 10:00 PMDinner (by invitation only)

    Day 2: 17 January, 2025

    TimeIn-person only
    8:15 AM - 9:00 AMRegistration & Coffee
    9:00 AM - 10:00 AMSession 7:

    Keynote Presentation

    Elephants in Equity Markets

    Presenter: Hélène Rey, London Business School

    10:00 AM - 10:30 AMBreak
    10:30 AM - 11:30 AM

    Session 8:

    Heterogeneous UIPDs Across Firms: Spillovers from U.S. Monetary Policy Shocks

    Presenter: Maria Alejandra Amado, Bank of Spain
    Discussant: Cynyoung Park, The SEACEN Centre

    11:30 AM - 12:00 PMBreak
    12:00 PM - 1:00 PM

    Session 9:

    Investment Giants and Their Impacts in Emerging Markets

    Presenter: Inhwan So, Bank of Korea
    Discussant: Huanhuan Zheng, National University of Singapore

    1:00 PM - 2:00 PMLunch
    2:00 PM - 3:00 PM

    Session 10:

    Beyond the Aggregate: Heterogenous Effects of Monetary Policy on Credit Allocation

    Presenter: Ozer Karagedikli, Asia School of Business
    Discussant: Xolani Sibande, South African Reserve Bank

    3:00 PM - 3:30 PMBreak
    3:30 PM - 4:30 PM

    Session 11:

    How Does International Capital Flow?

    Presenter: Michael Kumhof, Bank of England
    Discussant: Nicola Viegi, University of Pretoria

    4:30 PM - 5:00 PMBreak
    5:00 PM - 6:00 PM

    Session 12:

    Renminbi Rising? Exporters’ Response to China’s Currency Internationalization

    Presenter:  Sonali Chowdry, DIW Berlin
    Discussant: Yi Huang, BIS and CEPR

    6:00 PM - 6:15 PMClosing Remarks

    Registration is no longer available because the registration deadline has passed.