The workshop was co-organized by Banco de España, Bank of Finland Institute for Emerging Economies (BOFIT) and Oesterreichische Nationalbank.

Program

Monday, 27 November 2023

8.30–9.00 Registration and morning coffee

9.00–10.30 Session 1 - China's integration into the global economy
Chair: Zuzana Fungáčová (Bank of Finland, BOFIT)

9.00–9.45 China’s Footprint in Global Financial Markets
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Ana-Simona Manu (European Central Bank), Ine Van Robays (European Central Bank) and
David Lodge (European Central Bank)
Discussant: Aaron Mehrotra (Bank for International Settlements)

9.45-10.30 Chinese overseas investment and construction and the New Silk Road: recent developments and outlook (2019-H1/2023)
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Stephan Barisitz (Oesterreichische Nationalbank)
Discussant: Riikka Nuutilainen (Bank of Finland, BOFIT)

10.30–10.45 Break

10.45–12.15 Session 2 - Banking in emerging markets
Chair: Zana Gjocaj (Central Bank of the Republic of Kosovo)

10.45–11.30 Exporting stability in the European neighborhood the role of deposit euroization in CESEE revisited after 25 years of EMU
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Thomas Scheiber (Oesterreichische Nationalbank) and Julia Woerz (Osterreichische
Nationalbank)
Discussant: Sonalika Sinha (Reserve Bank of India)

11.30-12.15 In search of credit crunch (rationing) periods in Albania: A disequilibrium approach
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Gerti Shijaku (Bank of Albania)
Discussant: Zuzana Fungáčová (Bank of Finland, BOFIT)

12.15–13.30 Lunch Break

14.00–16.00 Optional social programme

16.30–17.30 Keynote Speech
Chair: Iikka Korhonen (Bank of Finland, BOFIT)

Emerging Markets and International Finance in the Age of Uncertainty

Menzie Chinn (University of Wisconsin-Madison)

17.30 Coffee and sweets to end the first workshop day

 

Tuesday, 28 November 2023

8.45–9.00 Registration

9.00–10.30 Session 3 - Globalization and deglobalization
Chair: Pedro del Rio (Banco de España)

9.00–9.45 Deglobalisation and decoupling tendencies in the Visegrád countries in the wake of the polycrisis
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Tamás Ginter (Magyar Nemzeti Bank) and Patrik Tischler (Magyar Nemzeti Bank)
Discussant: Juuso Kaaresvirta (Bank of Finland)

9.45-10.30 Trade destruction and trade diversion effects of trade sanctions on Russia
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Iikka Korhonen (Bank of Finland, BOFIT) and Heli Simola (Bank of Finland, BOFIT)
Discussant: Javier Quintana (Banco de España)

10.30–11.00 Coffee Break

11.00–12.30 Session 4 - Inflation in emerging markets
Chair: Patrik Tischler (Magyar Nemzeti Bank)

11.00–11.45 A note on the transmission of shocks to international food and energy commodity prices on food inflation in Latin America
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Fructuoso Borrallo (Banco de España), Lucía Cuadro-Sáez (Banco de España), Águeda Gras-Miralles (Banco de España) and Javier J. Pérez (Banco de España)
Discussant: Iikka Korhonen (Bank of Finland, BOFIT)

11.45-12.30 Fiscal sources of inflation risk in EMDEs: the role of the external channel
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Aaron Mehrotra (Bank for International Settlements), Ryan Banerjee (Bank for International
Settlements), Valerie Boctor (UC Berkeley) and Fabrizio Zampolli (Bank for International
Settlements)
Discussant: Ana-Simona Manu (European Central Bank)

12.30–13.45 Lunch Break

13.45–15.15 Session 5 - Climate change and its effects in emerging markets
Chair: Aaron Mehrotra (Bank for International Settlements)

13.45–14.30 Carbon pricing, border adjustment and renewable energy investment: A network approach
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Javier Quintana (Banco de España), Mar Delgado-Téllez (European Central Bank) and Daniel
Santabarbara (Banco de España)
Discussant: Heli Simola (Bank of Finland, BOFIT)


14.30-15.00 Coffee and sweets to end the workshop