Program
Financial Globalization and its Spillovers:
Monetary and Exchange Rate Policy in Times of Crises
Wednesday, 15 February 2017
15:00 onward: Arrival at the hotel (a room is booked for you according to the information you have provided in your registration):
Hotel Hopper St. Josef, Dreikönigenstraße 1-3,50678 Köln, T. +49.221.99800-0, F. +49.221.99800-111
19:00 onward: Informal Dinner at
“Zum Alten Brauhaus”, Severinstraße 51, 50678 Köln. The Brauhaus is just a 3 minute walk from the hotel (see map). As this is an informal dinner you can also join us anytime later after your arrival.
Thursday, 16 February 2017
07:45 Departure to Conference Venue TH-Köln, Campus Südstadt, Claudiusstrasse
The venue is a 10-15 minutes walk from the hotel, but we also provide a bus service. Please note that the bus to Maastricht will depart after lunch from the conference venue and not from the hotel. So please bring with you all you need for the day
08:00 Registration
08:30 Welcome Speech by Prof. Dr. Sylvia Heuchemer, Vice President TH Köln
08:45 Opening of Workshop by the Organizers
09:00 Workshop Session 1 – Chair: Ansgar Belke
Cross-border transmission of emergency liquidity
Michael Koetter (Leibniz Institute for Economic Research Halle, Frankfurt School of Finance and Management, Deutsche Bundesbank), Thomas Kick (Deutsche Bundesbank, University Erlangen-Nuremberg) and Manuela Storz (Frankfurt School of Finance & Management)
Discussant: Ulrich Volz (SOAS University of London)
The breadth of currency crises
Stefan Straetmans (Maastricht University), Philipp Hartmann (ECB), and Casper G. de Vries (Erasmus University Rotterdam)
Discussant: Timo Baas (University of Duisburg-Essen)
10:30 Workshop Session 2 – Chair: Joscha Beckmann
Exchange Rates and Macro News in Emerging Markets
Guglielmo Maria Caporale (Brunel University London), Fabio Spagnolo (Brunel University London) and Nicola Spagnolo (Brunel University London)
Discussant: Maria Siranova (University of Bratislava)
What determines financial development? Bayesian model averaging evidence
Roman Horvath (Charles University Prague), Eva Horvatova (University of Economics Bratislava) and Maria Siranova (University of Economics Bratislava)
Discussant: Robert Czudaj (Chemnitz University of Technology)
12:00 Lunch
13:00 Bus shuttle to Maastricht University where the special event takes place
15:00 25 Years After Maastricht: The Future of Money and Finance in Europe
Chairs: Jaap Bos (University Maastricht), Ansgar Belke (UDE) and Harald Sander (TH Köln)
Official Opening by Prof. Dr. Jaap Bos, Department Head of the Finance Department at Maastricht University
Words of Welcome by Prof. Dr. Philip Vergauwen, Dean of Maastricht University’s School of Business and Economics
Keynote Speeches:
Benoît Cœuré, Member of the Executive Board of the European Central Bank, TB
Professor Barry Eichengreen, UC Berkeley: “Aftershocks of monetary unification“.
The keynotes will be followed by a panel discussion with the keynote speakers and
Daniel Gros (Director CEPS), Hans-Helmut Kotz (Center for European Studies Harvard, Center for Financial Studies Frankfurt) and Robert McCauley (Senior Adviser BIS)
18:00 Closing words by Prof. Dr. Jaap Bos
19:00 Dinner in Maastricht at Chateau Neercanne:
Dinner Speech: Niels Thygesen, Professor Emeritus of International Economics at the University of Copenhagen, independent member of the Delors Committee on Economic and Monetary Union in 1988 and 1989.
21:30 Bus Transfer back to Hotel Hopper, Cologne
Friday, 17 February 2017
08:00 Bus transfer to conference venue available
08:30 Workshop Session 3 - Chair: Harald Sander
International Financial Integration in the Aftermath of the Global Financial Crisis
Gian Maria Milesi-Ferretti (IMF, CEPR) and Philip Lane (Central Bank of Ireland, Trinity College Dublin, CEPR)
Discussant: Jana Riedel (University of Münster, Institute of International Economics)
Global Bond Market Spillovers from Monetary Policy and Reserve Management
Robert N. McCauley (BIS)
Discussant: Hans Helmut Kotz (Center for European Studies Harvard, Center for Financial Studies Frankfurt)
10:30 Workshop Session 4 - Chair: Ansgar Belke
Sylvester Eijffinger (Tilburg University) and Jonathan Malagón (Colombian Banking Association, National University of Colombia)
Discussant: Mariarosaria Comunale (Central Bank of Lithuania)
Revisiting the Fama Puzzle: An Unexpected Journey
Matthieu Bussière (Banque de France), Menzie Chinn (University of Wisconsin, NBER), Laurent Ferrera (Banque de France), and Jonas Heipertz (Paris School of Economics)
Discussant: Evgenia Passari (Univeristy of Paris-Dauphine)
12:00 Lunch
13:00 Workshop Session 5 – Chair: Joscha Beckmann
Spreading the word or reducing the term spread? Assessing spillovers from euro area monetary policy
Martin Feldkircher (Oesterreichische Nationalbank), Thomas Gruber (OeNB) and Floria Huber (Vienna University of Economics and Business)
Discussant: Milan Nedeljkovic (Central Bank of Serbia)
How Connected is the Global Sovereign Credit Risk Network?
Kamil Yilmaz (Koç University) and Görkem Bostancı (University of Pennsylvania)
Discussant: Rainer Schüssler (Helmut Schmidt University, Hamburg)
14:45 Workshop Session 6 – Chair: Hans-Helmut Kotz
Cross-Border Banking and Macroprudential Policies in Asymmetric Monetary Unions
Lena Dräger (Mainz University) and Christian Proaño (University of Bamberg)
Discussant: Anton Jevcak (European Commission)
Small Firms and Domestic Bank Dependence in Europe's Great Recession
Mathias Hoffmann (University of Zurich, CESifo), Bent E. Sorensen (University of Houston, CEPR) and Egor Maslov (University of Zurich)
Discussant: Ralph Setzer (ECB)
Romanos Priftis (European Commission, DG ECFIN), Stephan Hohberger (European Commission, Joint Research Centre) and Lukas Vogel (European Commission, DG ECFIN
Discussant: Irina Dubova (University of Duisburg-Essen)
17:00 Departure to city tour (Cathedral)
19:30 Farewell Dinner at Haus Müller, Achterstr. 2, 50678 Köln (close to the Hotel, see map or http://haus-mueller.koeln)
Departure: Friday or Saturday