Globalization in the Aftermath of the Crisis
Bank Negara Malaysia, Kuala Lumpur
July 25-26, 2017
Bank Negara Malaysia (BNM), the International Monetary Fund (IMF) and the IMF Economic Review are organizing a joint conference on "Globalization in the Aftermath of the Crisis". The conference will aim to deepen our understanding of the recent setback to globalization by providing a forum to discuss empirical and theoretical research on the slowdown in global trade and finance, the role of protectionist policies, and welfare implications of immigration. The conference will be hosted by Bank Negara Malaysia and will take place in Kuala Lumpur, Malaysia on July 25-26, 2017.
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Day 1, 25 July 2017, Tuesday |
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08:00 – 08:45 |
Registration |
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08:45 – 09:00 |
Welcome Remarks by Governor Muhammad bin Ibrahim |
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09:00 – 10:55 |
Session 1: Global Trade Slowdown Chair: Gian Maria Milesi-Ferretti (International Monetary Fund) |
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09:00 – 09:50 |
“The Slowdown in Global Trade: A Symptom of a Weak Recovery?” Authors: Aqib Aslam (IMF), Emine Boz (IMF), Eugenio Cerutti (IMF), Marcos Poplawski-Ribeiro (IMF), and Petia Topalova (IMF) Discussant: Yeah Kim Leng (Sunway University & External Member of the MPC of BNM) |
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09:50 – 10:40 |
“The Global Trade Slowdown: Trade and growth, cause and effect” Authors: George Alessandria (University of Rochester) and Carter Mix (University of Rochester) Discussant: Jing Zhang (Federal Reserve Bank of Chicago) |
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10:40 – 10:55 |
Coffee Break |
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10:55 – 12:35 |
Session 2: Trade and Firm Dynamics Chair: Fraziali Ismail (Bank Negara Malaysia) |
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10:55 – 11:45 |
“Financial Frictions and Trade Dynamics” Authors: Paul R. Bergin (University of California, Davis), Ling Feng (Shanghai University of Finance and Economics), and Ching-Yi Lin (University of California, Davis) Discussant: Felipe Saffie (University of Maryland) |
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11:45 – 12:35 |
“The Great Recession and a Missing Generation of Exporters” Authors: William F. Lincoln (Claremont McKenna College), Andrew H. McCallum (Federal Reserve Board), and Michael Siemer (Federal Reserve Board) Discussant: Kei-Mu Yi (Federal Reserve Bank of Minneapolis) |
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12:35 – 14:00 |
Lunch Break |
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14:00 – 15:40 14:00 – 14:50 |
Session 3: Immigration and Structural Change Chair: Per Nymand-Andersen (European Central Bank) “The Changing Structure of Immigration to the OECD: What Welfare Effects on Member Countries?” Authors: Michal Burzynski (University of Luxembourg), Frederic Docquier (Université Catholique de Louvain), and Hillel Rapoport (Paris School of Economics) Discussant: Federico Mandelman (Federal Reserve Bank of Atlanta) |
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14:50 –15:40 |
“Structural Change and the Slowdown of International Trade” Authors: Logan T. Lewis (Federal Reserve Board), Ryan Monarch (Federal Reserve Board), and Jing Zhang (Federal Reserve Bank of Chicago) Discussant: Tomasz Swiecki (University of British Columbia) |
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15:40 – 15:55 |
Coffee Break |
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15:55 – 17:30 |
Panel Discussion: Challenges on Globalization Moderator: Maury Obstfeld Panelist: Sukhdave Singh Panelist: Shang Jin-Wei Panelist: Ernesto Zedillo Panelist: Beatrice Weder di Mauro |
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Day 2, 26 July 2017, Wednesday |
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08:30 – 09:00 |
Registration |
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09:00 – 10:40 |
Session 4: Trade, Productivity and Innovation Chair: Norhana Endut (Bank Negara Malaysia) |
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09:00 – 09:50 |
“Innovation and Trade Policy in a Globalized World” Authors: Ufuk Akcigit (University of Chicago), Sina T. Ates (Federal Reserve Board), and Giammario Impullitti (University of Nottingham) Discussant: Cheng Hoon Lim (IMF) |
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09:50 – 10:40 |
“Productivity, (Mis)allocation and Trade” Authors: Antoine Berthou (Banque de France and CEPII), John Jong-Hyun Chung (Stanford University), Kalina Manova (Oxford University), and Charlotte Sandoz Dit Bragard (Banque de France and PSE) Discussant: Lin Ma (National University of Singapore) |
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10:40 – 10:55 |
Coffee Break |
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10:55 – 12:35 |
Session 5: Global Value Chains Chair: Sebastián Claro (Central Bank of Chile) |
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10:55 – 11:45 |
“Trade Policy and Supply Chains in a Low Growth World” Author: Chad P. Bown (Peterson Institute for International Economics) Discussant: Davin Chor (National University of Singapore) |
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11:45 – 12:35 |
“Assessing the Fragility of Global Trade: The Impact of Localized Supply Shocks Using Network Analysis” Authors: Yevgeniya Korniyenko (IMF), Magali Pinat (IMF), and Brian Dew (American University) Discussant: Amanda Jakobsson (Singapore Management University) |
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12:35 – 14:00 |
Lunch Break |
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14:00 – 15:40 |
Session 6: Capital Flows Chair: Athanasios Orphanides (Massachusetts Institute of Technology) |
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14:00 – 14:50 |
“Benchmarking Portfolio Flows” Authors: John D. Burger (Sellinger School of Business, Loyola University Maryland), Francis E. Warnock (University of Virginia's Darden School of Business), and Veronica Cacdac Warnock (University of Virginia's Darden School of Business) Discussant: Paolo Pesenti (Federal Reserve Bank of New York) |
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14:50 – 15:40 |
“The Global Banking Network in the Aftermath of the Crisis: Is There Evidence of De-globalization?” Authors: Eugenio Cerutti (IMF) and Haonan Zhou (IMF) Discussant: Abdul Abiad (Asian Development Bank) |
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15:40 – 15:55 |
Coffee Break |
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15:55 – 17:30 |
Keynote Address by Kevin H. O'Rourke (Oxford University) |
Organizing committee:
Fabio Ghironi (University of Washington and guest editor, IMF Economic Review), Andrei Levchenko (University of Michigan and
guest editor, IMF Economic Review), Cheng Hoon Lim (IMF), Hasni
Mohamad Sha'ari (Bank Negara Malaysia), Emine Boz (IMF andIMF Economic Review), Linda Tesar (University of Michigan and IMF Economic Review) and Boon Hwa Tng (Bank Negara Malaysia),
invite submissions in these and related areas.
Conference Coordinator: Tracey Lookadoo
Disclaimer : This website contains papers and web links to papers that will be presented at the Exchange Rates and External Adjustment Conference. The views expressed in these papers are those of the authors only, and the presence of them, or of links to them, on the IMF website does not imply that the IMF, its Executive Board, or its management endorses or shares the views expressed in the papers.