Conference on Financial Frictions and Monetary Policy in an Open Economy - Globalization and Monetary Policy Institute, Federal Reserve Bank of Dallas
The recent financial crisis has precipitated an outpouring of new research on the effects of financial frictions. However, most of the new work has been limited to a closed economy framework. Of the few that have studied financial frictions in an open economy setting, even fewer have specifically focused on the impact of those frictions on the optimal conduct of monetary policy. Topics will include: The design of an optimal monetary policy rule in the presence of home and foreign financial market frictions. The effect of financial frictions on the monetary transmission mechanism in an open economy. The optimal degree of exchange rate stabilization when liabilities are denominated in a foreign currency. Monetary policy and optimal portfolio choice in the presence of financial frictions. The effect of financial integration on cross-border business cycle transmission. A regulatory environment in an open economy that minimizes financial instability following foreign financial shocks. Welfare effects of international financial integration in the presence of domestic financial frictions.
|Event dates:||2012-03-16 – 2012-03-17|
|Deadline Call for Papers:||2011-09-30|
|Organizers:||Globalization and Monetary Policy Institute Federal Reserve Bank of Dallas|
|Conference venue:||Dallas, Texas, Federal Reserve Bank of Dallas|
|Classification:||E4 - Money and Interest Rates ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; F4 - Macroeconomic Aspects of International Trade and Finance|
|Event type:||Konferenzen, Tagungen; Conferences|