Home:: Mission statement:: Directors:: Conferences:: Call for papers:: Contact us:: Links
Conferences  
  TAFI Conference on “Foreign exchange markets”
Program Thursday, March 17, 2005

8:30 – 10:30 SESSION I:
Uncovered Interest Parity and the Forward Premium
Session chair: James R. Lothian
8:30 – 9:10 “Asymmetry and Nonlinearity in Uncovered Interest Rate Parity”
Richard T. Baillie and Rehim Kiliç
Discussant: Daniel L. Thornton
9:10 – 9:50 “The Rehabilitation of Interest Rate Parity in the Floating Rate Era: Longer Horizons, Alternative Expectations, and Emerging Markets”
Menzie D. Chinn
Discussant: James R. Lothian
9:50 – 10:30 “The Forward Premium in a Model with Heterogeneous Prior Beliefs”
Eric O’N. Fisher
Discussant: Jan J.J. Groen
10:30 – 11:00 Coffee break
 
11:00 – 13:00 SESSION II:
Exchange Rate Volatility and Risk
Session chair: Mathijs A. van Dijk
11:00 – 11:40 “The Long-Run Volatility Puzzle of the Real Exchange Rate”
Ricardo Hausmann, Ugo Panizza, and Roberto Rigobon
Discussant: Richard T. Baillie
11:40 – 12:20 “Asset Price Based Estimates of Sterling Exchange Rate Risk Premia”
Jan J.J. Groen and Ravi Balakrishnan
Discussant: Christian C.P. Wolff
12:20 – 13:00 “Currency Crises and Institutions”
Pattama L. Shimpalee and Janice Boucher Breuer
Discussant: Roberto Rigobon
13:00 – 15:00 Lunch break
   
15:00 – 17:00 SESSION III:
Exchange Rate Communication
Session chair: Kees G. Koedijk
15:00 – 15:40 “On the Long-Term Effectiveness of Exchange Rate Communication and Interventions”
Marcel Fratzscher
Discussant: Michael T. Melvin
15:40 – 16:20 “What Defines ‘News’ in Foreign Exchange Markets?”
Kathryn M.E. Dominguez and Freyan Panthaki
Discussant: Marcel Fratzscher
16:20 – 17:00 “Establishing Credibility: Evolving Perceptions of the European Central Bank”
Linda S. Goldberg and Michael Klein
Discussant: Sylvester C.W. Eijffinger
 










Location
San Juan, Puerto Rico

In cooperation with
Journal of International Money and Finance (JIMF)
The Frank J. Petrilli Center for Research in International Finance (CRIF)