International Macro/Finance and Sovereign Debt Workshop in East Asia is a virtual workshop for a group of Asian scholars both based in the U.S. and Asia to discuss cutting-edge research on the topics of international macro/finance and sovereign debt.
The first workshop, hosted by Sogang University, Korea, and supported by University of Surrey, U.K., will be on November 5-6 (Asian time).
The first workshop, hosted by Sogang University, Korea, and supported by University of Surrey, U.K., will be on November 5-6 (Asian time).
Schedule
First Day
(November 5th China/Korea/Japan/Singapore time/ November 4th US time)
Session 1
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Sovereign Debt and Domestic Economy
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Chair
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Jing Zhang (Chicago Fed)
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1st Paper
8:00am -9:00am China/Singapore 9:00am-10:00am Korea/Japan 7:00pm -8:00pm US EST 6:00pm -7:00pm US CST 4:00pm -5:00pm US PST |
Presenter
Sewon Hur (Dallas Fed) Coauthor: Cesar Sosa-Padilla and Zeynep Yom "Optimal Bailouts in Banking and Sovereign Crises" Discussant Yun Pei (The State University of New York at Buffalo) |
2nd Paper
9:00am -10:00am China/Singapore 10:00am-11:00am Korea/Japan 8:00pm -9:00pm US EST 7:00pm -8:00pm US CST 5:00pm -6:00pm US PST |
Presenter
Hyungseok Joo (University of Surrey) Coauthor: Tamon Asonuma "Fiscal Consolidation and Debt Relief: Ex-ante (Front-loaded) vs. Ex-post (Back-loaded)" Discussant Gabriel Mihalache (Stony Brook University) |
Session 2
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Capital Flows and Foreign Market Interventions
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Chair Yun Jung Kim (Sogang University)
1st Paper
10:20am-11:20am China/Singapore 11:20am-12:20pm Korea/Japan 9:20pm -10:20pm US EST 8:20pm -9:20pm US CST 6:20pm -7:20pm US PST |
Presenter
Changhua Yu (Peking University) Coauthors: J. Scott Davis and Michael B. Devereux "Foreign Exchange Intervention to Prevent a Self-fulfilling Sudden Stop" Discussant Takayuki Tsuruga (Osaka University) |
2nd paper
11:20am-12:20pm China/Singapore 12:20am- 1:20pm Korea/Japan 10:20pm-11:20pm US EST 9:20pm -10:20pm US CST 7:20pm -8:20pm US PST |
Presenter
Chang Ma (Fudan University) Coauthor: Shang-Jin Wei "International Equity and Debt Flows: Composition, Crisis, and Controls" Discussant Masashige Hamano (Waseda University) |
Second Day
(November 6th China/Korea/Japan/Singapore time/ November 5th US time)
Session 1
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Capital Flows
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Chair Tamon Asonuma (IMF)
1st Paper
8:00am -9:00am China/Singapore 9:00am-10:00am Korea/Japan 7:00pm -8:00pm US EST 6:00pm -7:00pm US CST 4:00pm -5:00pm US PST |
Presenter
Yun Jung Kim (Sogang University) Coauthor: Jing Zhang "International Capital Flows: Private Versus Public Flows in Developing and Developed Countries" Discussant Wataru Miyamoto (University of Hong Kong) |
2nd Paper
9:00am -10:00am China/Singapore 10:00am-11:00am Korea/Japan 8:00pm -9:00pm US EST 7:00pm -8:00pm US CST 5:00pm -6:00pm US PST |
Presenter
Kenichi Ueda (University of Tokyo) Coauthor: Yasumasa Morito "Bilateral Lucas Paradox" Discussant Hyunju Lee (Ryerson University) |
Session 2
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Sovereign Debt and Financial Market
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Chair Hyungseok Joo (University of Surrey)
1st Paper
10:20am-11:20am China/Singapore 11:20am-12:20pm Korea/Japan 9:20pm -10:20pm US EST 8:20pm -9:20pm US CST 6:20pm -7:20pm US PST |
Presenter
Grace Gu (UC Santa Cruz) Coauthor: Zachary Stangebye "Costly Information and Heteroskedasticity in Sovereign Risk Spreads" Discussant Huixin Bi (Kansas City Fed) |
2nd Paper
11:20am-12:20pm China/Singapore 12:20am- 1:20pm Korea/Japan 10:20pm-11:20pm US EST 9:20pm -10:20pm US CST 7:20pm -8:20pm US PST |
Presenter
JungJae Park (National University of Singapore) "Sovereign Default and Global Financial Shock" Discussant Minjie Deng (Simon Fraser University) |
Format
Time allocation – 60 minutes will be allocated to each paper: (i) 40 minutes for paper presentation, (ii) 10 minutes for discussants’ discussion, (iii) Q&A (including responses to discussants). It is totally fine with us if you prefer streamlining presentation (less than 40 minutes) to allocate more time on Q&A.
Chat box – To facilitate smooth presentation, we will set up a chat box to allow all panel participants and audience to raise questions (rather than interrupting presenters’ presentation). Presenters can choose any of three options to handle questions (please indicate your preference to chairs before your presentation); (i) have co-authors take care of questions at Chat box, (ii) ask chairs to interrupt and read questions during presentation, (iii) answer questions at the Q&A session or small group meetings.
Co-authors’ participation – Given that presenters have 40 minutes for presentation, we would be grateful if presenters can kindly ask co-authors to participate the conference. We are more than welcome to have your co-authors to participate the workshop. If this is the case, please let us know. We will send an invitation from our side. If co-authors can handle questions raised at the Chat box, this would facilitate the presentation and discussion on the paper.
Small group meetings – During the coffee break and after the second sessions of the day, we will set up zoom meetings for two papers. Presenters, discussants and participants can discuss on the paper after the session. Presenters can also answer questions to discussants in small group meeting . The meetings are aimed to have more bilateral discussion and engagement.
Workshop participants – We can have two sets of participants:
- Panelists – Chairs, presenters, discussants and co-authors – who have an access to speak orally, to upload presentation slides on the screen and to raise questions at the chat box.
- Audience participants – who have an access to raise questions at the chat box.
Organizers
Tamon Asonuma (IMF)
Hyungseok Joo (University of Surrey)
Yun Jung Kim (Sogang University)
Hyungseok Joo (University of Surrey)
Yun Jung Kim (Sogang University)