08h00
- 08h30 Registration and coffee
08h30
Opening address
Emilio
Fontela (AEA President)
Michel Laurent (President of "Université
de Méditerranée")
Vêlayoudom Marimoutou (Greqam Director )
Sandrrine Lardic (Modem, UniversitéParis 10)
Valérie Mignon (Thema, Université Paris
10)
08h45
- 10h15 Session I : Exchange Rates and Financial
dynamics
Chairperson : Michael MOORE,
Queens University, Belfast
CHAMLEY
Christophe (Boston Univ. and EHESS DELTA),
Dynamic speculative attacks.
Abstract
on line
DELLAS
Harris (Univ. of Bern),
Monetary policy in an open economy under imperfect
information.
Abstract
on line
DE
GRAUWE Paul, GRIMALDI Marianna (Leuven Univ.),
Heterogeneity of agents, transaction costs and
the exchange rate.
Abstract
on line
HAU
Harald (INSEAD et CEPR), REY Hélène
(Princeton Univ., CEPR et NBER),
Exchange rates, Equity prices and capital flows.
Abstract
on line
Discutants
: Nikolaos PANIGIRTZOGLOU, Bank of England
and Catherine BRUNEAU, Thema, Univ. Paris X
10h15
- 10h45 Break
Poster Session 1
Chairperson
: Gilles DUFRENOT, Univ. Paris 12, Greqam
Poster session 1a
: Exchange Rates and Financial dynamics
BELLALAH
Mondher, BESBES Sana Mahfoudh (THEMA, Univ. Cergy),
L’équilibre du marché international
en présence de différents taux d’intérêt
et d’une information incomplète.
Abstract
on line
BJONNES
G.H. (Stockholm Inst. for Financial Research), RIME
Dagfinn (Norges Bank, Norway), SOLHEIM H.O. Aa. (Norwegian
School of Management),
Large vs. small players: A closer look at the dynamics
of speculative attacks.
Abstract
on line
CAPPIELLO
Lorenzo (BCE), CASTREN Olli (BCE), JAASKELA Jarkko
(Univ. of London),
Measuring the euro exchange rate risk premium:
the conditional international CAPM approach.
Abstract
on line
DE
GRAUWE Paul, GRIMALDI Marianna (Leuven Univ.),
The exchange rate in a model with heterogeneous
agents and transaction costs.
Abstract
on line
DERVIZ
Alexis (Czech National Bank),
Dealer Quotes, Order Flow et Indirect Foreign Currency
Utility in a Multiple Dealership Market.
Abstract
on line
MARTIN
Ben (Bank of England),
Assessing risks to the exchange rate.
Abstract
on line
MAREY
Philip S. (Maastricht Univ.), D
Uncovered interest parity tests and exchange rate
expectations.
Abstract
on line
PHYLAKTIS
Kate, RAVAZZOLO Fabiola (City Univ. Business School,
London),
Stock prices and exchange rate dynamics.
Abstract
on line
VERGIL
Hasan (Zonguldak Karaelmas Univ., Turquie), D
Analyzing the impact of real exchange rate volatility
on export flows.
Abstract
on line
Poster
session 1b : Exchange Rates, Transition economies
and emerging countries
BEN ABDALLAH Mohamed, MATEI Iuliana (TEAM, Univ. Paris
I),
Crise et contagion : cas des pays de l’Europe
de l’Est.
Abstract
on line
BRZESZCZYNSKI
Janusz, KELM Robert (Univ. Lodz, Polet),
Short-term dependencies between volatility of currency,
money and capital markets. The case of Poland.
Abstract
on line
CINCIBUCH
Martin, PODPIERA Jiri (Czech National Bank),
Real appreciation in the Czech republic: assessing
sectoral disparities.
Abstract
on line
CORREA
Rafael (Univ. San Francisco de Quito, Ecuador),
One market, one currency ? The economic desirability
of a monetary union for the CAN.
Abstract
on line
EGERT
Balazs (Modem, Univ. Paris X), LAHRECHE-REVIL Amina
(CRIISEA, CEPII et TEAM),
Estimating the fundamental equilibrium exchange
rate of central and eastern European countries.
Abstract
on line
FERREIRA
Afonso (Univ. Federal de Minas Gerais, Brazil), TULLIO
Giuseppe (LUISS Univ., Italy),
Exchange rate pegs and unemployment: a model of
the Brazilian currency crisis of 1999.
Abstract
on line
KARPOWICZ
Izabela (Kiel Institute for World Economics),
Competitiveness and the Equilibrium Real Exchange
Rate in Croatia.
Abstract
on line
KOCENDA
Evzen (CERGE-EI, Prague),
Structural Breaks in Exchange Rates of the CEE Transition
Countries
Abstract
on line
MATHUR
Somesh.K. (Univ. New Delhi, Inde),
Real Currency Appreciation: Test of Balassa Samuelson
Model
Abstract
on line
STRAHILOV
Kiril (European Univ. Institute, Italy),
The dynamics of wages and relative prices in Estonia:
Does the Balassa-Samuelson effect hold ?
Abstract
on line
Poster
session 1c : Exchange Rate dynamics
BHANUMURTHY
N.R. (Univ. Enclave, Delhi),
Microstructures in Indian Foreign Exchange Market.
Abstract
on line
BISPHAM
Francesco Devere (Hull Univ.),
Testing for Long Run PPP: An Approach using Panel
Data Methods.
Abstract
on line
CAMARERO
Mariam (Jaume I Univ. et INTECO), ORDONEZ Javier (Jaume
I Univ. et INTECO),
TAMARIT Cecilio (Valencia Univ. et INTECO),
The Euro-Dollar exchange rate : is it fundamental
?
Abstract
on line
DE
PERETI Christian (GREQAM), URGA Giovanni (City Univ.
Bus. School),
Bootstrapping sequential tests for multiple structural
breaks: A Monte Carlo analysis
Abstract
on line
FILLOL
Jérôme (Modem, Univ. Paris X),
Structure multifractale des exchange rates USD/FF,
USD/GB, USD/Euro et USD/Yen.
Abstract
on line
GOUX
Jean-François (Univ. Lyon II),
Le exchange rates euro-dollar :
les leçons du passé à la lumière
des nouvelles approches économétriques
de la co-intégration avec break structurel.
Abstract
on line
OMRANI
Walid (Modem, Univ. Paris X),
Etude de l’efficience du marché des
changes par le biais des processus à mémoire
longue.
Abstract
on line
SARTORE
Domenico, TREVISAN Lucia, TROVA Michele, VOLO Francesca
(Univ. Ca' Foscari di Venezia),
Euro/Dollar Exchange Rates: A Multy-Country Structural
Monthly Econometric Model for Forecasting.
Abstract
on line
VALACHY
Juraj (CERGE-EI, Charles Univ., Czech Republic),
Incorporation of Poisson Jumps into a model with
nonparametrically estimated diffusion and application
on the CE countries' exchange rate.
Abstract
on line
10h45
- 12h00 Session II Exchange Rates and transition
economies
Chairperson : Michel BEINE, DULBEA, Univ. Libre de
Bruxelles
EGERT
Balazs (Modem, Univ. Paris X),
Nominal and real convergence in Estonia: The Balassa-Samuelson
(dis)connection.
Does disaggregation provide better understeting ?
Abstract
on line
JAKAB
Zoltan M., KOVACS Mihaly etras (Magyar Nemzeti Bank),
Explaining the Exchange Rate Pass-Through in Hungary:
Some Simulations with the NIGEM Model.
Abstract
on line
LOMMATZSCH
Kirsten, TOBER Silke (German Institute of Economic
Research),
What is behind the real appreciation of the accession
countries currencies?
An investigation of the PPI based real exchange rate.
Abstract
on line
BENCZUR
Peter (Bank of Hungary),
The behavior of the nominal exchange rate at the
beginning of disinflations.
Abstract
on line
McDONALD
Ronald (Strathclyde University, Glasgow), WÓJCIK
Cezary (Warsaw School of Economics),
D
Catching up: the role of demand
and supply side effects on the real exchange rates
of accession countries.
Abstract
on line
Discutants
: Agnès BENASSY-QUERE, THEMA, Univ. Paris 10
et CEPII
12h00
- 13h30 Lunch
13h30
- 15h45 Keynote speeches
Chairperson : Orhan GÜVENEN, President, Development
Bank, Council of Europe
Denise
FLOUZAT
Professor, Recteur
Delegate Administrator Banque de France's foundation
Taux de change asiatiques et équilibres américains
Abstract
on line
15h45
- 16h15 Break
16h15 -17h 15 Session III
: Exchange rates and emerging countries
Chairperson : Vêlayoudom MARIMOTOU, GREQAM
GUILLAUMONT
JEANNENEY Sylviane, ROUMEGOUS Emmanuelle (CERDI, Univ.Auvergne),
Exchange Rate Dynamics with Currency Substitution:
the Case of Ghana, Paraguay and Uruguay.
Abstract
on line
BOINET
Virginie, NAPOLITANO Oreste, SPAGNOLO Nicola (Brunel
Univ., Londres),
Are currency crises self-fulfilling? The case of Argentina.
Abstract
on line
CERRATO
Mario, SARANTIS Nicholas (London Metropolitan Univ.),
Does the Purchasing Power Parity Hold in Emerging
Markets? Evidence from Black Market Exchange Rates.
Abstract
on line
GRANDES
Martin (DELTA, ENS, EHESS),
Sustainable debt dynamics and the endogenous role
of sovereign risk.
Vicious and virtuous circles in a VECM framework
Abstract
on line
MULLER
Aline, VERSCHOOR Willem F.C (LIFE, Maastricht Univ.),
The Latin-American exchange rate exposure of U.S.
multinationals.
Abstract
on line
Discutants
: Balazs EGERT, MODEM, Univ. Paris 10.
and Enrique
ALBEROLA, Banque d'Espagne
17h15-
17h45 Break
17h45
- 19h00 Session IV : Switching Models
Chairperson : Anne PEGUIN- FEISSOLLE, GREQAM, Marseille
CALDERON
Cesar (Central Bank of Chile), DUNCAN Roberto (Central
Bank of Chile),
Testing the Monetary Model of Exchange Rates: A Threshold
Cointegration Approach.
Abstract
on line
CHEUNG
Y-W. (Univ. California), ERLANDSSON Ulf (Lund Univ.,
Suède),
Exchange Rates and Markov Switching Dynamics.
Abstract
on line
KIRIKOS
Dimitris G. (TEI Crete and Hellenic Open Univ., Greece),
A reconsideration of uncovered interest rate parity
under switching policy regimes.
Abstract
on line
MÜLLER-PLANTENBERG
Nikolas (LSE),
Long swings in Japan’s current account and
in the yen.
Abstract
on line
Discutants
: Michel BEINE, DULBEA, Univ. Libre de Bruxelles,
and Gilles DUFRENOT, ERUDITE, Univ. Paris XII et GREQAM
Friday,
March 7, 2003
08h45 -10h00 Session V : Central
Banks interventions and exchange rates dynamics
Chairperson
: Eric GIRARDIN (GREQAM, Univ. de la Méditerranée)
BEINE
Michel (DULBEA, Univ. Libre Bruxelles), BENASSY-QUERE
Agnes (THEMA, Univ.Paris X et CEPII), DAUCHY Estelle
(TEAM, Univ. Paris I) and MAC DONALD Ronald (Strathclyde
Univ., Glasgow),
The impact of central bank intervention on forecast
heterogeneity.
Abstract
on line
TONKOV
Boyan (BGSE and ZEI, Univ. of Bonn),
The interplay between the foreign exchange traders
and the central bank.
Abstract
on line
DAUCHY
Estelle (TEAM, Univ. Paris I), BOUBEL Aurélie
(CDC Ixis), LECOURT Christelle (CADRE, Univ. Lille
II),
How do non anticipated E.C.B. et FED actions affect
the EUR/USD dynamics ?
Abstract
on line
FAUST
Jon, ROGERS John H., WRIGHT Jonathan H. (Federal Reserve
Board),
Time Variation in the High-Frequency Response of
Exchange Rates to Announcements.
Abstract
on line
REITZ
Stefan (Bundesbank, Univ. Giessen),
Central bank intervention and exchange rate expectations
– Evidence from the daily DM/US dollar exchange
rate.
Abstract
on line
Discutants
: Rebecca DRIVER, Banque d'Angleterre
and Jesus RODRIGUEZ LOPEZ, Univ. Pablo de Olavide,
Sevilla
10h00
- 10h30 Break et Poster Session 2
Chairperson : Sandrine
LARDIC, Modem, Univ. Paris X
Poster
session 2a : Central
Banks interventions
ALI
Leïla (CEFI, Marseille),
Optimal informational policy and currency crisis
toward a new analysis on the institutionalisation
of ex-post crisis exchange-rate management.
Abstract
on line
ASENSIO
Angel (CEPN, Univ. Paris Nord),
Politiques de stabilisation, volatilité
et distorsion des exchange rates : les effets de la
coopération monétaire internationale.
Abstract
on line
BRANDNER
Peter, GRECH Harald (Oesterreichische National Bank),
Why did central banks intervene in the EMS ? The post
1993 experience.
Abstract
on line
FERNANDEZ-ARIAS
Eduardo, PANIZZA Ugo, STEIN Ernesto (Inter-American
Development Bank),
Trade agreements, exchange rate dissagreements.
Abstract
on line
LEDESMA-RODRÍGUEZ
Francisco (Univ. de La Laguna), NAVARRO-IBÁÑEZ
Manuel (Univ. de La Laguna), PÉREZ-RODRÍGUEZ
Jorge (Univ. de Las Palmas de Gran Canaria), SOSVILLA-RIVERO
Simón (FEDEA et Univ. Complutense de Madrid),
Assessing the credibility of a target zone: A History
of the EMS.
Abstract
on line
LOPEZ
Jesus Rodriguez (Univ. Pablo de Olavide de Sevilla),
MENDIZABAL Hugo Rodriguez (Univ. Autonoma de Barcelona),
How tight should central bank’s hand be tied?
Credibility,volatility and the band width of a target
zone.
Abstract
on line
MENGUY
Séverine (FORUM, Univ. Paris X),
La Banque Centrale Européenne doit-elle
avoir un objectif de change ?
Abstract
on line
SIBI
Frédérique (TEAM, Univ. Paris I),
Taux de change de l’euro vis-à-vis
du dollar : évolution et réaction de
la Banque Centrale Européenne.
Abstract
on line
SOLIMAN
MOHAMED M. (Univ. Oregon),
The effect of currency crises on foreign direct
investment.
Abstract
on line
STAMATOPOULOS
Theodoros V. (Univ. of Piraeus et C.E.F.I.),
Hellenic Export Prices and European Monetary Integration,
1970-1995.
Abstract
on line
Poster
session 2b : Exchange rate regimes, Equilibrium exchange
rates
BALDI
Anne-Laure (FORUM, Univ. Paris X),
Fixed exchange rate regimes and national price
levels: Evidence from Latin American countries.
Abstract
on line
BINEAU
Yannick, DUPONT Bernard (MEDEE, Univ. Lille),
L’adhésion du Royaume-Uni dans la zone
euro : une évaluation en terme de taux de change
réel d’équilibre.
Abstract
on line
CALDERON
Cesar (Central Bank of Chile),
What Drives Volatility in Real Exchange Rates? Evidence
for Industrial Countries.
Abstract
on line
DUTU
Richard (FORUM, Univ. Paris X),
Concurrence entre monnaies et taux de changedans
un modèle de prospection.
Abstract
on line
FOUNTAS
Stilianos (Macedonia Univ.), ARISTOTELOUS Kyriacos
(Otterbein College, Ohio),
Does the Exchange Rate Regime Affect Export Volumes?
Evidence from Bilateral Exports in the US-UK trade:
1900-1998.
Abstract
on line
GUO
Lujian (Singapore National Univ.),
Capital Account Liberalization and the Choice of Exchange
Rate Regimes: the Case in China.
Abstract
on line
JEDIDI
KCHIR Fatma (ISG Tunis, LIEI, FSEGT Tunis),
Libéralisation des mouvements de capitaux
et taux de change réel : cas de la Tunisie
Abstract
on line
JEONG
Se-Eun, MAZIER Jacques (CEPN, Univ. Paris Nord),
Les taux de change dans les pays de l’Asie
de l’Est : une approche en termes de taux de
change d’équilibre.
Abstract
on line
KANG
Sammo (KIEP), WANG Yunjong (KIEP),
Fear of Inflation: Exchange Rate Pass-Through in East
Asia.
Abstract
on line
KHARROUBI
Enisse (DELTA),
Financial openness, exchange rates and macroeconomic
volatility.
Abstract
on line
LALONDE
René, SABOURIN Patrick (Banque du Canada),
Modélisation et prévision du taux
de change réel effectif américain.
Abstract
on line
PONSOT
Jean-François (LATEC, Univ. Bourgogne),
Essai de typologie des régimes de dollarisation.
Abstract
on line
10h30 - 12h00 Session VI Exchange rate regimes
Chairperson
: Valérie
MIGNON, THEMA, Univ. Paris 10
BAILLIU
Jeannine, LAFRANCE Robert, PERRAULT Jean-François
(Banque du Canada),
Does exchange rate policy matter for growth ?
Abstract
on line
BERGER
Wolfram (Univ. of Hagen),
Dollarization of liabilities, fear of floating
and optimal exchange rate volatility.
Abstract
on line
BESSEC
Marie (EUREQUA, Univ. Paris I), ROBINEAU François-Mathieu
(ESSEC),
Comportements chartistes et fondamentalistes :
coexistence ou domination alternative sur le marché
des changes ?
Abstract
on line
STRAHILOV
Kiril (European Univ. Institute, Italy),
The use of the Euro as a national currency substitute.
Abstract
on line
Discutants
: Anne-Laure BALDI, FORUM, Univ. Paris 10
and Eric GIRARDIN, GREQAM, Univ. Méditerranéee
12h00
- 13h30 Lunch
13h30
- 15h00 Session VII : Equilibrium Exchange rate I
Chairperson : Paul DE GRAUWE, Leuven University
ALBEROLA
Enrique (Banque d’Espagne),
Misalignment, liabilities dollarization and exchange
rate in Latin America.
Abstract
on line
BERGVALL
eters (Uppsala Univ., Suède),
What determines real exchange rates ? The Nordic
countries.
Abstract
on line
IMBS
Jean (London Business School et CEPR), MUMTAZ Haroon
(London Business School),RAVN Morten O. (London Business
School et CEPR), REY Hélène (CEPR, Princeton
Univ.,NBER),
PPP strikes back : aggregation and the real exchange
rate.
Abstract
on line
TESSIER
David, GAUTHIER Céline (Banque du Canada),
Supply Shocks and Real Exchange Rate Dynamics:
Canadian Evidence.
Abstract
on line
Discutants
: Robert LAFRANCE, Bank of Canada
and Yannick BINEAU, MEDEE, Univ. Lille
15h00
- 15h30 Break
15h30
- 16h30 Session VIII Equilibrium Exchange rate II
Chairperson : Georges PRAT, Modem, Univ. Paris 10
BOUAKEZ
Hafedh (Bank of Canada),
Nominal rigidity, desired markup variations, and
real exchange rate persistence.
Abstract
on line
BOWDEN
Roger J. (Victoria University of Wellington, New Zealand),
D
Asset prices, Tobin’s Q, and the real exchange
rate.
Abstract
on line
PISCITELLI
Laura, WESTAWAY Peter (Bank of England),
FEER computation: a model based approach.
Abstract
on line
SCHNATZ
Bernd, VIJSELAAR Focco, OSBAT Chiara (BCE),
Productivity and the euro-dollar exchange rate.
Abstract
on line
LAFRANCE
Robert, BOUAKEZ Hafed, DESROCHES Brigitte, DJOUDAD
Ramdane (Bank of Canada),
Estimating Equilibrium Exchange Rate for Canada.
Abstract
on line
Discutants
: Zsolt DARVAS, Central Bank of Hungary
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