Globalization Institute Events

The Political Economy of International Money: Common Currencies, Currency Wars and Exorbitant Privilege

April 03, 2014 Southern Methodist University

This conference brought together scholars and policy experts to discuss the current state of thinking in this broad and controversial area, including

Positive and negative effects of capital flows
Shared currency areas with an emphasis on the euro zone
Currency wars and international monetary arrangements

Conference Organizers

Kathleen Cooper, Southern Methodist University
Mark Wynne, Federal Reserve Bank of Dallas

Agenda

Thursday, April 3 Ernst & Young Gallery, SMU
6 p.m.	Reception
6:45 p.m.	Welcome and Dinner
	James F. Hollifield Director, Tower Center, and Professor of Political Science, Southern Methodist University
7:30 p.m.	Presentation
	Jeffry Frieden Professor of Government, Harvard University
9 p.m.	Adjourn
Friday, April 4 Federal Reserve Bank of Dallas
7:45 a.m.	Registration and Continental Breakfast
8:30 a.m.	Welcoming Remarks
	Mark Wynne Vice President, Associate Director of Research and Director of the Globalization and Monetary Policy Institute, Federal Reserve Bank of Dallas
8:45 a.m.	Setting the Stage on International Money
	The Unloved World Dollar Standard: Greenspan–Bernanke Bubbles in the Global Economy Ronald McKinnon William D. Eberle Professor of International Economics (emeritus), Stanford University
9:15 a.m.	Capital Flows
	Moderator: Scott Davis Senior Research Economist, Federal Reserve Bank of Dallas Frank Warnock James C. Wheat Jr. Professor of Business Administration, University of Virginia Capital Flows and Capital Controls Michael Klein William C. Clayton Professor of International Economic Affairs, Tufts University Capital Flows After the Crisis: Recent Developments and Investor Motivations Carol Bertaut Chief, Global Financial Flows Section, Division of International Finance, Federal Reserve Board of Governors
10:45 a.m.	Break
11 a.m.	Shared Currency Areas
	Moderator: Thomas Osang Associate Professor and Altshuler Distinguished Teaching Professor, Southern Methodist University Hubert Kempf Professor of Economics, University of Paris ECB Balance Sheet: Sterilization and Stimulus David Malpass President, Encima Global LLC The Eurozone Crisis? Will the Euro Survive? Michael Bordo Board of Governors Professor of Economics, Rutgers University
12:30 p.m.	Luncheon
	Introduction: Kathleen Cooper Director of International Politics and Economics, Tower Center, SMU Keynote Speaker: Jeffrey Frankel James W. Harpel Professor of Capital Formation and Growth, Harvard University
2 p.m.	Currency Wars/International Monetary Arrangements
	Moderator: Mark Wynne Currency Wars: Yesterday, Today—and Tomorrow? Benjamin Cohen Louis G. Lancaster Professor of International Political Economy, University of California, Santa Barbara Currency Misalignments and Industry Demands for Trade Protection J. Lawrence Broz Associate Professor of Political Science, University of California, San Diego Emerging Markets and the Fed Benn Steil Senior Fellow and Director, International Economics, Council on Foreign Relations Brad Setser Deputy Assistant Secretary for International Economic Analysis, U.S. Department of the Treasury
3:45 p.m.	Closing Remarks
4 p.m.	Adjourn