#  March 9, 2019 

 



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## **The Politics and Economics of International Finance Research Group Meeting**

*Sponsored by the Weatherhead Center for International Affairs and the Mossavar-Rahmani Center for Business and Government*

## Conference Chairs:

**Frankel, Jeffrey**  
James W. Harpel Professor of Capital Formation and Growth, Harvard Kennedy School.

**Frieden, Jeffry A.**   
Stanfield Professor of International Peace, Department of Government, Harvard University.

## Schedule:

**Location**: Belfer Case Study Room (S020), CGIS South Building, 1730 Cambridge Street, Cambridge, MA 02138

**8:30-9:00 AM: Continental Breakfast**

**9:00-9:10 AM: Welcome**

**9:10-10:40 AM: Sebnem Kalemli-Ozcan** (Department of Economics, University of Maryland), “Corporate Leverage in the United States, Europe and Emerging Markets”

*Background Material:*

Dinlersoz, Emin, Sebnem Kalemli-Özcan, Henry Hyatt, and Veronika Penciakova. 2019. “[Leverage over the Life Cycle and Implications for Firm Growth and Shock Responsiveness](/publications/leverage-over-life-cycle-and-implications-firm-growth-and-shock-responsiveness)”. [Publisher's Version](http://econweb.umd.edu/~kalemli/assets/workingpapers/leverage_lifecycle_oct28.pdf)

Kalemli-Özcan, Sebnem, Luc Laeven, and David Moreno. 2019. “[Debt Overhang, Rollover Risk, and Corporate Investment: Evidence from the European Crisis](/publications/debt-overhang-rollover-risk-and-corporate-investment-evidence-european-crisis)”. [Publisher's Version](http://econweb.umd.edu/~kalemli/assets/workingpapers/overhang_nov11_18.pdf)

 di Giovanni, Julian, Sebnem Kalemli-Özcan, and Mehmet Fatih Ulu,Yusuf Soner Baskaya. 2019. “[International Spillovers and Local Credit Cycles](/publications/international-spillovers-and-local-credit-cycles)”. [Publisher's Version](http://econweb.umd.edu/~kalemli/assets/workingpapers/dGKOUB_InternationalSpilloversCreditCycles_sep11.pdf)

Kalemli-Özcan, Sebnem, Bent Sorensen, and Sevcan Yesiltas. 2019. “[Leverage across firms, banks, and countries](/publications/leverage-across-firms-banks-and-countries).” Journal of International Economics 88: 284–298. [Publisher's Version](http://econweb.umd.edu/~kalemli/assets/publications/leverage2012jie.pdf)

Gopinath, Gita, Sebnem Kalemi-Özcan, Loukas Karabarbounis, and Carolina Villegas-Sanchez. 2019. “[Capital Allocation and Productivity in South Europe ](/publications/capital-allocation-and-productivity-south-europe).” The Quarterly Journal of Economics, 1915-1967. [Publisher's Version](http://econweb.umd.edu/~kalemli/assets/publications/Gopinath%20et%20al%20(2019)_QJE_Capital%20Allocation%20and%20Productivity%20in%20South%20Europe.pdf)

**10:40-11:00 AM: Coffee Break**

**11:00 AM-12:30 PM: Randall Stone** (Department of Political Science, University of Rochester), “The Political Economy of the International Financial Institutions”

*Background Material:*

Chapman, Terrence, Songying Fang, Xin Li, and Randal W. Stone. 2019. “[Mixed Signals: IMF Lending and Capital Markets](/publications/mixed-signals-imf-lending-and-capital-markets).” B.J.Pol.S 47: 329–349.

Malik, Rabia, and Randall W. Stone. 2019. “[Corporate Influence in World Bank Lending](/publications/corporate-influence-world-bank-lending).” The Journal of Politics 80 (1): 103-118.

Stone, Randall W. “[Chapter Two:The International Monetary Fund and the Post-Communist Transition](/publications/chapter-twothe-international-monetary-fund-and-post-communist-transition).” Lending Credibility. Princeton and Oxford: Princeton University Press.

Stone, Randall W. “[The Political Economy of IMF Lending in Africa](/publications/political-economy-imf-lending-africa).” American Political Science Review 98 (4): 577-591.

Stone, Randall W. “[The Scope of IFM Conditionality](/publications/scope-ifm-conditionality).” International Organization 62: 589-620.

Stone, Randall W. [Controlling Institutions: International Organizations and the Global Economy](/publications/controlling-institutions-international-organizations-and-global-economy). Cambridge: Camrbidge University Press.

**12:30-1:30 PM: Lunch**

**1:30-3:00 PM: Douglas Irwin** (Department of Economics, Dartmouth College), “Clashing Over Commerce: A History of US Trade Policy”

*Background Material:*

Irwin, Douglas A. 2018. “[Understanding Current US Trade Policy Through the Lens of History](/publications/understanding-current-us-trade-policy-through-lens-history).” Macroeconomic Review XVII (2).

**3:00-3:15 PM: Coffee Break**

**3:15-4:30 PM:** **Panel Discussion on Emerging Markets**

- **Laura Alfaro** (Warren Alpert Professor of Business Administration, Harvard Business School. Former Minister of National Planning and Economic Policy, Costa Rica)
- **Arvind Subramanian (**Visiting Lecturer, Harvard Kennedy School; Former Chief Economic Advisor, Government of India, 2014-18**)**
- **Carmen Reinhart (**Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School; former Senior Policy Advisor, International Monetary Fund**)**

To connect to Harvard network go [here](https://getonline.harvard.edu/guest/harvard_portal.php?_browser=1).



 



 

 See also:- [ March 9, 2019 ](/conferences/march-9-2019)