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

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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 Center, Bank 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

Time	In-person only
8:15 AM - 8:50 AM	Registration & Coffee
8:50 AM - 9:00 AM	Welcoming 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 AM	Break
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 PM	Break
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 PM	Lunch
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 PM	Break
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 PM	Break
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 PM	Dinner (by invitation only)

Day 2: 17 January, 2025

Time	In-person only
8:15 AM - 9:00 AM	Registration & Coffee
9:00 AM - 10:00 AM	Session 7: Keynote Presentation Elephants in Equity Markets Presenter: Hélène Rey, London Business School
10:00 AM - 10:30 AM	Break
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 PM	Break
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 PM	Lunch
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 PM	Break
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 PM	Break
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 PM	Closing Remarks

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