Topics: - International adjustment dynamics - Current account imbalances and international capital flows - Global financial crises - Open-economy macroeconomic models - Exchange rates - International dimensions of monetary and fiscal policy - Sovereign risk

The idea of the conference is to bring together economists who have recently contributed new research on the interlinkages between current account imbalances and financial factors.

Papers presented address topics such as the role of capital flow management measures as a policy instrument and their spillovers, the role of banks in international business cycles, exchange rate policy, and international debt deleveraging.

The reform process triggered by the recent financial crisis is gradually making progress. Advances are underway in the area of banking regulation, accounting standards, and market infrastructure (e.g. clearing houses for derivatives, etc.). A new framework for macroprudential policy is also...

Topics: quantitative measures the degree of cross-country risk sharing, and of the gains from risk sharing, based on micro and macro data; determinants of the degree of risk sharing; comparisons between interregional and international risk sharing; portfolio choices and international risk...

The conference will focus on the causes and consequences of global imbalances. Topics of interest include, but are not restricted to, international risk-sharing and portfolio choices, current account and international investment position dynamics, international asset pricing and valuation...