3rd Joint Bank of England – Banque de France – IMF – OECD – Banca d’Italia Workshop on International Capital Flows and Financial Policies
International Monetary Fund, Washington DC
October 17, 2022
The Bank of England, the Banque de France, the IMF, the Banca d’Italia, and the OECD are pleased to announce the third edition of the annual workshop on International Capital Flows and Financial Policies.
The one-day workshop will bring together academics and policymakers to address frontier issues in international capital flows. These issues include the distributional effects of capital flows and how they are affected by digitalization and climate change. The workshop will also consider how the policy challenges associated with volatile capital flows may be exacerbated by the growing role of nonbank financial institutions (NBFIs) and cyclical factors, such as inflation-driven monetary policy normalization in advanced economies. In addition, the workshop will seek to identify the appropriate mix of policy tools – including CFMs, macroprudential measures, monetary policy tools, and foreign exchange intervention – to help address these policy challenges. Lastly, the workshop will discuss the consequences of capital flows in a more fragmented international financial system.
The event will include seven academic papers with discussants, remarks by senior officials of the organizing institutions, a keynote speech, and a high-level panel discussion addressing frontier issues on capital flows and key policy challenges.
The workshop will take place at the International Monetary Fund in Washington, DC, on October 17, 2022, health and travel conditions permitting. The workshop will be held in virtual format if the health situation deteriorates.
Registration
Registration is required to attend the workshop, whether in-person or online. Please state your preference during registration.
The deadline for in-person registration for external guests is September 26. Additionally to event registration, external guests must fill out a Guest Application here to access the IMF premises.
The deadline for registration for IMF staff, World Bank Group staff, and retirees is October 10, 2022. In this case, the additional Guest Application does not apply.
Kindly note that room capacity is limited. Further details will be available closer to the event day.
If you have any questions or concerns, please contact capitalflowsworkshop@imf.org.
Agenda
The agenda is also available in PDF. All times are in Eastern Time (ET).
| Monday, October 17, 2022 | |
|
8:30 am |
Opening Remarks |
|
|
SESSION I: Capital Account Liberalization: Real Effects and Policy Challenges |
| 8:40 am |
Internationalizing like China Slides Discussion Watch |
|
9:05 am |
Discussion: Mark Spiegel (San Francisco FED) |
|
9:20 am |
Q&A |
|
9:30 am |
The Micro and Macro Dynamics of Capital Flows Slides Discussion Watch |
|
09:55 am |
Discussion: Eugenia Andreasen (U. de Chile) |
|
10:10 am |
Q&A |
|
10:20 am |
Coffee break |
|
|
SESSION II: New Sources of Capital Flow Volatility |
|
10:40 am |
Climate Risks and FDI Slides Discussion Watch |
|
11:05 am |
Discussion: Victoria Nuguer (IDB) |
|
11:20 am |
Q&A |
|
11:30 am |
Non-Bank Lending During Financial Crises Slides Discussion Watch |
|
11:55 am |
Discussion: Sergio Schmukler (World Bank) |
|
12:10 pm |
Q&A |
|
12:20– |
Lunch Break |
|
1:15 pm |
Keynote Speech Watch |
|
1:50 pm |
Q&A |
|
2:00 pm |
Break |
|
2:05 pm |
Policy Panel |
|
3:30 pm |
Coffee break |
|
|
SESSION III: Drivers of Capital Flows and Financial Policies |
|
4:00 pm |
A Theory of Fear of Floating Slides Discussion Watch |
|
4:25 pm |
Discussion: Stephanie Schmitt-Grohé (Columbia) |
|
4:40 pm |
Q&A |
|
4:50 pm |
Global Implications of Multi-Dimensional US Monetary Policy Normalization Slides Discussion Watch |
|
5:15 pm |
Discussion: Katharina Bergant (IMF) |
|
5:30 pm |
Q&A |
|
5:40 pm |
Break |
|
5:55 pm |
Original Sin redux Slides Discussion Watch |
|
6:20 pm |
Discussion: Frank Warnock (UVA) |
|
6:35 pm |
Q&A |
|
6:45 pm |
Closing Remarks
Christopher Erceg (IMF) |
|
7:00 pm |
End of the Workshop |
Workshop Organizers: Kai Arvai (Banque de France), Andrés Fernandez (IMF), Mark Joy (Bank of England), Annamaria Kokenyne Ivanics (IMF), Etienne Lepers (OECD), Clément Marsilli (Banque de France), Alessandro Moro (Banca d’Italia), Valerio Nispi Landi (Banca d’Italia), Dennis Reinhardt (Bank of England)
Workshop Coordinator: Tifany Lacroux (IMF)
Disclaimer: This web page contains links to papers that will be presented at the 3rd Workshop on International Capital Flows and Financial Policies. 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.