IMF Conference
April 29-30, 2025
As the world economy faces unprecedented shifts, the dynamics of global trade, exchange rates and capital flows are evolving in ways that challenge established economic theory and policy frameworks. Rising geopolitical tensions, economic fragmentation and changing approaches to trade policy and financial regulation are reshaping global integration, capital mobility, and currency stability.
This conference brings together recent research in international economics and finance, offering insights that can inform policy design and support effective interventions.
If you would like to attend one or both days of the conference remotely, please register via the links below.
08:30 - Registration and coffee
09:00 - Welcome Speech
Chair: Isabel Vansteenkiste, Director General International and European Relations, European Central Bank
Financial and Trade Fragmentation: Risks and Policy Alternatives
09:30 - Session 1: Geoeconomics and Spillovers
Session chair: Georgios Georgiadis, European Central Bank
Violent Conflict and Cross-border Lending
Discussant: Mancy Luo, Bayes Business School
Industrial and Trade Policy in Supply Chains - The Case of Rare Earth Elements
Discussant: Arthur Stalla-Bourdillon, European Central Bank
11:30 - Coffee break
12:00 - Session 2 - Part 1: Global Value Chains and Trade Fragmentation
Session chair: Aqib Aslam, International Monetary Fund
The US-China Trade War and the Relocation of Global Value Chains to Mexico
Discussant: Justin Pierce, Federal Reserve Board
13:00 - Buffet lunch
14:30 - Session 2 - Part 2: Global Value Chains and Trade Fragmentation
Session chair: Aqib Aslam, International Monetary Fund
Accounting for Propagation
Discussant: Anastasiia Antonova, Aix-Marseille School of Economics
15:30 - Coffee break
15:45 - Session 3: Shock Spillovers
Session chair: Sonya Zhu, Bank for International Settlements
Granular Expectation Shocks and International Financial Contagion
Discussant: Paula Beltran, International Monetary Fund
Asymmetries in International Financial Spillovers
Discussant: Angela Abbate, Swiss National Bank
17:45 - End of first conference day
08:30 - Registration and coffee
09:00 - Session 4: Capital Flows
Session chair: Julia Giese, Bank of England
Global Bank Lending and Exchange Rates
Discussant: Christian Kubitza, European Central Bank
Unbalanced Financial Globalization
Discussant: Kai Arvai, Banque de France
11:00 - Coffee break
11:30 - Session 5: International Role of Currencies and Exchange Rates
Session chair: Massimo Ferrari Minesso, European Central Bank
Measuring Dollar Funding Shortage
Discussant: Filiz Unsal, Organization for Economic Co-operation and Development
Beyond Bilateral Flows: Indirect Connections and Exchange Rates
Discussant: Giacomo Romanini, Banca d’Italia
13:30 - Buffet lunch
15:00 - End of conference
Please note that the agenda may be subject to change without notice.
Audiovisual notice: A photographer will be present at the event taking photographs for our internet / intranet webpage. If you prefer not to have your photograph taken, please approach the photographer directly. The event may be filmed and the video recording, or parts of it, may be published on the internet / intranet.
Venue: European Central Bank
Sonnemannstrasse 20
60314 Frankfurt am Main
Germany
Language: English
Transfers: Participants are requested to arrange their own transfers from and to the airport, unless indicated otherwise.
Organizing Committee:
