That’s the title of an upcoming conference organized by Global Research Unit at Department of Economics and Finance, City University of Hong Kong, Bank for International Settlements, Asian Office, Centre for Economic Policy Research, and Journal of International Money and Finance, May 18-19 at City University Hong Kong. The conference program is here, official conference website here.
The conference provides a platform for discussing recent advances in modelling exchange rates, and the links between exchange rates and external balances and economic stability from perspectives of both major and emerging market currencies.
Here are the papers:
- KEYNOTE PAPER: Where’s the Risk? The Forward Premium Bias, the Carry-Trade Premium, and Risk-Reversals in General Equilibrium Kimberly A. Berg (Miami University, Ohio), Nelson C. Mark (University of Notre Dame)
- The Term Structure of Exchange Rate Predictability: Commonality, Scapegoat, and Disagreement Shuo Cao (Shenzhen Exchange), Huichou Huang (Broad Reach Investment Management), Ruirui Liu (King’s College London), Ronald MacDonald (University of Glasgow). Discussant: Han Xu (City University of Hong Kong).
- The Uncovered Interest Parity Puzzle, Exchange Rate Forecasting, and Taylor Rules Charles Engel (University of Wisconsin), Dohyeon Lee (University of Wisconsin), Chang Liu (University of Wisconsin), Chenxin Liu (University of Wisconsin), Steve Pak Yeung Wu (University of Wisconsin). Discussant: Daniel Law (IMF)
- The Exchange Rate Effects of Macro News after the Global Financial Crisis Yin-Wong Cheung (City University of Hong Kong), Rasmus Fatum (University of Alberta), Yohei Yamamoto (Hitotsubashi University). Discussant: Jinyue Li (City University of Hong Kong)
- Does a Big Bazooka Matter? Central Bank Balance-Sheet Policies and Exchange Rates. Luca Dedola (European Central Bank and CEPR), Georgios Georgiadis (European Central Bank), Johannes Gräb (European Central Bank), Arnaud Mehl (European Central Bank). Discussant: Cho-Hoi Hui (Hong Kong Institute for Monetary Research).
- Interdealer information in an augmented Taylor rule – A new hybrid approach to analyze exchange rates Ingomar Krohn (The University of Warwick), Michael J. Moore (The University of Warwick). Discussant: Mico Loretan (Swiss National Bank)
- Unconventional Policies, External Adjustment, and the ZLB Gustavo Adler (IMF), Ruy Lama (IMF), Juan Pablo Medina (Universidad Adolfo Ibáñez). Discussant: David Cook (HKUST)
- China policy spillovers in August 2015: an RMB bloc? Robert McCauley (BIS) and Chang Shu (BIS). Discussant: Menzie D. Chinn (University of Wisconsin, NBER and JIMF)
- The Missing Risk Premium in Exchange Rates
Magnus Dahlquist (Stockholm School of Economics) and Julien Penasse (University of Luxembourg). Discussant: Peter Hoerdahl (BIS)
- Uncertainty and Deviations from Uncovered Interest Rate Parity Adilzhan Ismailov (Univ. Pompeu Fabra), Barbara Rossi (ICREA-Univ. Pompeu Fabra, Barcelona GSE, and CREI). Discussant: Yohei Yamamoto (Hitotsubashi University)
- Crowds, Crashes, and the Carry Trade Valeri Sokolovski (Stockholm School of Economics). Discussant: Ilhyock Shim (BIS)
- Exchange Rate Prediction Redux: New Models, New Data, New Currencies Yin-Wong Cheung (City University of Hong Kong), Menzie D. Chinn (University of Wisconsin, Madison and NBER), Antonio Garcia Pascual (Barclays), Yi Zhang (University of Wisconsin, Madison). Discussant: James Yetman (BIS)
The conference concludes with a policy panel chaired by Remolona, Eli (BIS), and including:
- Steven Englander (Citi)
- Robert McCauley (BIS)
- Chikahisa Sumi (IMF)