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Summer Workshop on Money, Banking, Payments and Finance
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Summer Workshop on Money, Banking, Payments and Finance

  • Overview
  • Speakers
  • Agenda
  • Accommodations
  • Conference Materials
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August 12 – 18, 2010

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The economic research department of the Federal Reserve Bank of Chicago will host a summer workshop on money, banking, payments and finance. This workshop will bring together experts from academia and policy institutions around the world to discuss recent developments in the field. The goal of the conference is to provide a frank and critical assessment of all papers presented, and to take stock of where we are and where we should be heading.

08/12/10
10:00 AM
Session 1: Liquidity and Asset Price Dynamics

Guillaume Rocheteau,  University of California-Irvine

Randy Wright,  University of Wisconsin

11:00 AM
Break
11:15 AM
Session 2: Money and Capital in a News Economy

David Andolfatto,  Federal Reserve Bank of St. Louis and Simon Fraser University

Fernando Martin,  Simon Fraser University

12:15 PM
Lunch
1:00 PM
Session 3: Money and Credit— The Role of the Informal Sector

Chris Waller,  Federal Reserve Bank of St. Louis

Adrian Peralta-Alva,  Federal Reserve Bank of St. Louis

Pedro Gomis-Porqueras,  Australian National University

2:00 PM
Session 4: Counterfeit Quality and Verification in a Monetary Exchange

Ben Fung,  Bank of Canada

Enchuan Shao,  Bank of Canada

3:00 PM
Break
3:30 PM
Session 5: A Dynamic Competitive (Search) Equilibrium Model of Adverse Selection

Veronia Guerrieri,  University of Chicago

Rob Shimer,  University of Chicago

Randy Wright,  University of Wisconsin

  • Competitive Equilibrium in Asset Markets with Adverse Selection
4:30 PM
Session 6: Local Currency Pricing, Price Discrimination and a Uniform Currency

Mei Dong,  Bank of Canada

Janet Jiang,  University of Manitoba

08/13/10
10:00 AM
Session 1: A Monetary Theory with Nondegenerate Distributions

Guido Menzio,  University of Pennsylvania

Shouyong Shi,  University of Toronto

Amy Hongfei Sun,  Queen's University

11:00 AM
Break
11:15 AM
Session 2: Heterogeneity and the Welfare Cost of Inflation — An International Perspective

Paola Boel,  Bowdoin College

12:15 PM
Lunch
1:00 PM
Session 3: Institutions for Long-run Cooperation — Experiments on Markets with Frictions

Gabriele Camera,  Purdue University

Marco Casari,  University of Bologna

2:00 PM
Session 4: Market Freeze and Recovery — Trading Dynamics under Optimal Intervention by a Market-Maker-of-Last-Resort

Jonathan Chiu,  Bank of Canada

Thor Koeppl,  Queen's University

3:00 PM
Break
3:30 PM
Session 5: Period Length and the Set of Dynamic Equilibria with Commodity Money

Ezra Oberfield,  University of Chicago

Nicholas Trachter,  Einaudi Institute for Economics and Finance

  • Period Length and the Set of Dynamic Equilibria with Commodity Money
4:30 PM
Session 6: Money in a Model of Prior Production and Imperfectly Directed Search

Adrian Masters,  State University of New York-Albany

5:30 PM
Reception
08/14/10
10:00 AM
Session 1: Costly Recordkeeping, Settlement System and Monetary Policy

Pedro Gomis-Porqueras,  Australian National University

Daniel Sanches,  Washington University in St. Louis

11:00 AM
Break
11:15 AM
Session 2: Adverse Selection, Reputation and Sudden Collapses in Secondary Loan Markets

V. V. Chari,  Federal Reserve Bank of Minneapolis

Ali Shourideh,  Federal Reserve Bank of Minneapolis

Ariel Zetlin-Jones,  Federal Reserve Bank of Minneapolis

12:15 PM
Lunch
1:00 PM
Session 3: Fire Sales in a Model of Complexity

Ricardo Caballero,  Massachusetts Institute of Technology

Alp Simsek,  Massachusetts Institute of Technology

2:00 PM
Session 4: Limiting Fees and Feasible Limits — How Amsterdam Got Fiat Money

Steve Quinn,  Texas Christian University

Will Roberds,  Federal Reserve Bank of Atlanta

  • How Amsterdam got Fiat Money
  • How Amsterdam got Fiat Money (Supplementary Material)
3:00 PM
Break
3:30 PM
Session 5: Bank Liability Insurance Schemes before 1865

Warren Weber,  Federal Reserve Bank of Minneapolis

08/16/10
10:00 AM
Session 1: Implications of Monetary Search Frictions on the Exchange Rate Dynamics

Pedro Gomis-Porqueras,  Australian National University

Timothy Kam,  Australian National University

Junsang Lee,  Australian National University

11:00 AM
Break
11:15 AM
Session 2: Goods Market Frictions and Real Exchange Rate Puzzles

Qing Liu,  Tsinghua University

12:15 PM
Lunch
1:00 PM
Session 3: Competing Fiat Currencies and Debt Enforcement

Mariana Rojas Breu,  University of Basel and University of Paris

2:00 PM
Session 4: Asset Liquidity and Equity Home Bias

Thanasis Geromichalos,  University of California-Davis

Ina Simonovska,  University of California-Davis

3:00 PM
Break
3:30 PM
Session 5: Dollar Illiquidity and Central Bank Facilities during U.S. Subprime Crisis

Andrew Rose,  University of California-Berkeley

Mark Spiegel,  Federal Reserve Bank of San Francisco

4:30 PM
Session 6: Liquidity and Bank Capital Requirements

Hajime Tomura,  Bank of Canada

08/17/10
8:30 AM
Session 1: Money, Financial Stability and Efficiency

Franklin Allen,  University of Pennsylvania

Douglas Gale,  New York University

Elena Carletti,  European University Institute

9:30 AM
Session 2: Optimal Liquidity Policy

Jennifer Haung,  University of Texas

Jiang Wang,  Massachusetts Institute of Technology

10:30 AM
Break
11:00 AM
Session 3: Trading Dynamics in Decentralized Markets with Adverse Selection

Braz Camargo,  University of Western Ontario

Ben Lester,  University of Western Ontario

12:00 PM
Session 4: Liquidity, Financial Intermediation and Monetary Policy in a New Monetarist Model

Steve Williamson,  Washington University in St. Louis

08/18/10
10:00 AM
Session 1: Endogenous Credit Cycles

Chao Gu,  University of Missouri

Randy Wright,  University of Wisconsin

11:00 AM
Break
11:15 AM
Session 2: Liquidity, Asset Prices and Credit Constraints

Ying-Syuan Li,  National Taiwan University

Yiting Li,  National Taiwan University

12:15 PM
Lunch
1:00 PM
Session 3: Inflation and Price Competition

Borghan Narajabad,  Rice University

2:00 PM
Session 4: Mechanism Design and Commodity Money

Richard Dutu,  Deakin University

Ching-jen Sun,  Deakin University

3:00 PM
Break
3:30 PM
Session 5: Optimal Monetary Policy — Distribution Efficiency versus Production Efficiency

Haitao Xiang,  Simon Fraser University

 

 

 

 

Last Updated: 08/03/2010

Event Information
Date
08/12/10 - 08/18/10
Location

Federal Reserve Bank of Chicago
230 S. LaSalle Street
Chicago, IL 60604

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