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<div class=Section1><pre> CALL FOR PAPERS <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> GLOBAL DIMENSIONS OF THE FINANCIAL CRISIS <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> June 3-4, 2010 <o:p></o:p></pre><pre> Federal Reserve Bank of New York<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> The Federal Reserve Bank of New York will host a conference <o:p></o:p></pre><pre> on June 3 and 4, 2010, on the Global Dimensions of the <o:p></o:p></pre><pre> Financial Crisis. The conference organizers are soliciting <o:p></o:p></pre><pre> submissions that address themes that include, but are not <o:p></o:p></pre><pre> limited to, the following:<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> THE ROLE OF GLOBAL FINANCIAL MARKETS:<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> The crisis has revealed an extraordinary degree of <o:p></o:p></pre><pre> interdependence among major economies. What role did <o:p></o:p></pre><pre> financial markets play in the international transmission of <o:p></o:p></pre><pre> shocks during the crisis? How did financial deleveraging <o:p></o:p></pre><pre> propagate and magnify shocks across countries? <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> DYNAMICS OF INTERNATIONAL TRADE, CAPITAL FLOWS, AND RECOVERY:<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> What accounts for the unprecedented decline in world trade <o:p></o:p></pre><pre> during the crisis? Can it be explained by inventory <o:p></o:p></pre><pre> dynamics, trade finance constraints, or other causes? <o:p></o:p></pre><pre> What determines the different recovery paths across <o:p></o:p></pre><pre> countries? <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> What new insights have emerged on the issue of current <o:p></o:p></pre><pre> account sustainability? <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> What have been the consequences of shifting risk appetites <o:p></o:p></pre><pre> for international capital flows? How have they differed <o:p></o:p></pre><pre> across developed and developing economies? <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> POLICY INTERVENTIONS ACROSS COUNTRIES:<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> What have been the comparative effects, at home and abroad, <o:p></o:p></pre><pre> of monetary policy; fiscal policy; and extraordinary market <o:p></o:p></pre><pre> interventions (short-sale bans, bank liability guarantees, <o:p></o:p></pre><pre> recapitalization programs, asset protection programs, asset <o:p></o:p></pre><pre> purchase programs, and foreign exchange swaps programs)?<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> What accounts for the very different policy responses <o:p></o:p></pre><pre> observed across countries? <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> How has cross-country regulatory arbitrage by firms <o:p></o:p></pre><pre> constrained policymakers over the course of the crisis? <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> EXCHANGE RATE POLICIES, INTERNATIONAL CURRENCIES, AND <o:p></o:p></pre><pre> FOREIGN EXCHANGE RESERVES:<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> What are the implications of the crisis for the <o:p></o:p></pre><pre> international role of the dollar and other currencies going <o:p></o:p></pre><pre> forward? Has the debate over Bretton Woods II been altered <o:p></o:p></pre><pre> by the crisis and the responses of countries? <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> What have we learned about the use of foreign exchange <o:p></o:p></pre><pre> reserves in a crisis? When should a country use its <o:p></o:p></pre><pre> reserves? Do reserves play an important role even when they <o:p></o:p></pre><pre> are not used? <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> Did lender-of-last-resort programs respond effectively to <o:p></o:p></pre><pre> the crisis? What are the implications of the crisis for <o:p></o:p></pre><pre> international liquidity programs?<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> AUDIENCE:<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> The conference is open to academics, policymakers, and <o:p></o:p></pre><pre> other researchers in the field of economics. It is closed <o:p></o:p></pre><pre> to the media. <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> PAPER SUBMISSION PROCEDURE:<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> The deadline for submissions of completed or draft <o:p></o:p></pre><pre> manuscripts is Friday, October 30, 2009. Papers should be <o:p></o:p></pre><pre> sent electronically to the Conference Mailbox:<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> Email: <a
href="MAILTO:Global.Dimensions@ny.frb.org">MAILTO:Global.Dimensions@ny.frb.org</a><o:p></o:p></pre><pre> <o:p></o:p></pre><pre> Authors of accepted manuscripts will be contacted around <o:p></o:p></pre><pre> December 1, 2009. <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> SPECIAL ISSUE:<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> The JOURNAL OF INTERNATIONAL ECONOMICS (JIE) will publish a <o:p></o:p></pre><pre> special conference volume. Submission is optional and <o:p></o:p></pre><pre> authors submitting papers to the conference should indicate <o:p></o:p></pre><pre> whether or not they wish their paper to be considered for <o:p></o:p></pre><pre> the special volume. Papers for the special issue will be <o:p></o:p></pre><pre> subject to the normal refereeing process of the JIE.<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> CONFERENCE ORGANIZERS:<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> Linda Goldberg<o:p></o:p></pre><pre> Rebecca Hellerstein <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> <o:p></o:p></pre><pre> FURTHER INFORMATION:<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> Please address any questions to:<o:p></o:p></pre><pre> <o:p></o:p></pre><pre> CONTACT: Linda Goldberg<o:p></o:p></pre><pre> Email: <a
href="MAILTO:Linda.Goldberg@ny.frb.org">MAILTO:Linda.Goldberg@ny.frb.org</a> <o:p></o:p></pre><pre> <o:p></o:p></pre>
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