| Date | |
| May 10-11, 2012 | |
| Local | |
| Rio de Janeiro | |
| Agenda | |
| Thursday, May 10 | |
| 12:00 a.m. | Welcome lunch |
| 02:00 p.m. | Registration |
| 02:30 p.m. | Introduction
Adriana Soares Sales, Banco Central do Brasil Carlos Hamilton Araújo, Banco Central do Brasil |
| 02:50 p.m. | Opening speech
Alexandre Tombini, Banco Central do Brasil Pronouncement (PDF - 266KB - Portuguese) |
| 03:50 p.m. | Coffee break |
| 04:10 p.m. |
Session I: Capital Flows
Chair: Mário Mesquita, Brevan Howard Asset Management João Barata Ribeiro Blanco Barroso, Banco Central do Brasil Optimal Capital Flow Taxes in Latin America (PDF - 1452KB - English) Marcos Chamon, Fundo Monetário Internacional Tools for Managing Financial-Stability Risks from Capital Inflows (PDF - 279KB - English) Commentator: Norman Loayza, Banco Mundial Capital Flows (PDF - 263KB - English) |
| Friday, May 11 | |
| 09:00 a.m. |
Session II: Further Impacts of Anti-Crises Policies
Chair: : Eduardo Loyo, Banco BTG Pactual Carlos Viana de Carvalho, PUC-Rio Unconventional Policies During the Crisis and Expectations of Inflation and Growth: a Cross-Country Analysis (PDF - 656KB - English) Marco Del Negro, Federal Reserve Bank of New York The Great Escape? A Quantitative Evaluation of the Fed’s Liquidity Facilities (PDF - 284KB - English) Commentator: Timothy Kehoe, University of Minnesota Great Depressions of the Twentieth (PDF - 129KB - English) |
| 10:20 a.m. | Coffee break |
| 09:00 a.m. |
Session III: Financial Markets During Economic Crises
Chair: : Ilan Goldfajn, Itaú Unibanco Benjamin M. Tabak, Banco Central do Brasil Contagion in CDS, Banking and Equity Markets (PDF - 1264KB - English) Michael Ehrmann, European Central Bank Global Crises and Equity Market Contagion (PDF - 281KB - English) Commentator: Michael Leahy, Federal Reserve Board of Governors Global Crises and Equity Market Contagion (PDF - 334KB - English) |
| 12:00 a.m. | Lunch break |
| 02:00 p.m. |
Panel I: Macroeconomic and Financial Stability
Chair: Carlos Hamilton Araújo, Banco Central do Brasil David Vegara, International Monetary Fund Macroeconomic and Financial Stability (PDF - 1900KB - English) Pierre-Richard Agénor, University of Manchester Macroeconomic Stability, Financial Stability and Monetary Policy (PDF - 1057KB - English) Stephen G. Cecchetti, Bank for International Settlements Macroprudential Policy: Making it Work (PDF - 307KB - English) |
| 03:30 p.m. | Coffee break |
| 02:00 p.m. |
Panel II: Crises: Past, Present and Future
Chair: Luiz Pereira, Banco Central do Brasil Frank Moss, European Central Bank Crises: Past, Present and Future - A Euro Area Perspective (PDF - 522KB - English) Jean-Pierre Landau, Princeton University Crisis and Internal Imbalances in the Eurozone (PDF - 1131KB - English) Takatoshi Ito, University of Tokyo Crises: Past, Present and Future, Asian Perspectives (PDF - 126KB - English) |
| 05:00 p.m. | Closing Remarks
Carlos Hamilton Araújo, Banco Central do Brasil Pronouncement (PDF - 67KB - Portuguese) |