13th Annual Conference: International Macroeconomics, Money & Banking

13th Annual Conference
International Macroeconomics, Money & Banking

May
2026

Wednesday

Trade and Currency
Chair: Robert M. TOWNSEND (Massachusetts Institute of Technology)

Venue: Tanglin III

2:00 pm – 3:00 pm

Beyond Bilateral Flows: Indirect Connections and Exchange Rates

Saleem BAHAJ (University College London)
Pasquale DELLA CORTE* (Imperial College London)
Daniele MASSACCI (King’s College London)
Eduard SEYDE (Imperial College London)

Discussant:
Huanhuan ZHENG (City University of Hong Kong)

Conference Paper

3:00 pm – 3:30 pm

Break

3:30 pm – 4:30 pm

Long-run Uncovered Interest Parity in Emerging Markets

Alessandro REBUCCI (Johns Hopkins University and ABFER)
Sinem Yagmur TORAMAN (Johns Hopkins University)
Giorgio VALENTE* (Hong Kong Monetary Authority and ABFER)

Discussant:
Ingomar KROHN (Bank for International Settlements)

Conference Paper

4:30 pm – 5:30 pm

Desirability of Competition in Currency of Invoicing

Sumit AGARWAL (National University of Singapore and ABFER)
Apoorva JAVADEKAR* (Muthoot FinCorp Ltd)
Shekhar TOMAR (Indian School of Business)
Gautham UDUPA (Centre for Advanced Financial Research and Learning)

Discussant:
Yao Amber LI (Hong Kong University of Science and Technology)

Conference Paper

May
2026

Thursday

Monetary Policy Transmission and Spillovers
Chair: Dora XIA (Bank for International Settlements)

Venue: Tanglin I & II

9:00 am – 10:00 am

Central Bank Independence and Risk-Taking at the Zero Lower Bound

Bernhard BARTELS (Mainz University of Applied Sciences)
Barry EICHENGREEN (University of California)
Julian SCHUMACHER (European Central Bank)
Beatrice WEDER DI MAURO* (Centre for Economic Policy Research and ABFER)

Discussant:
Daniel REES (Bank for International Settlements)

Conference Paper

10:00 am – 10:30 am

Break

10:30 am – 11:30 am

Banks and the State-Dependent Effects of Monetary Policy

Martin EICHENBAUM (Northwestern University)
Federico PUGLISI* (Bank of Italy)
Sergio REBELO (Northwestern University)
Mathias TRABANDT (Goethe University Frankfurt)

Discussant:
Vincent YAO (Georgia State University and ABFER)

Conference Paper

11:30 am – 12:30 pm

The International Spillover of Monetary Policy Shock: New Evidence from Nighttime Light

Kaiji CHEN* (Emory University and ABFER)
Qichao WANG (Hong Kong University of Science and Technology)
Juanyi XU (Hong Kong University of Science and Technology)
Jingbo YAO (Hong Kong University of Science and Technology)

Discussant:
Shang-jin WEI (Columbia University and ABFER)

Conference Paper

* Presenter. Program is subjected to change. Updated 13 Mar 2026.

Session Format

Three papers will be presented during each session. Each paper lasts for one hour, including 25 minutes for presentation, 20 minutes for discussion and 15 minutes for Q&A. There will be a 30 minutes break after the first paper.

Contact Information

Program Director	Conference Organizer
Ippei FUJIWARA (Australian National University, Keio University and ABFER) This email address is being protected from spambots. You need JavaScript enabled to view it. Kenichi UEDA (University of Tokyo and ABFER) This email address is being protected from spambots. You need JavaScript enabled to view it.	Dora XIA (Bank for International Settlements) This email address is being protected from spambots. You need JavaScript enabled to view it. Donghai ZHANG (National University of Singapore) This email address is being protected from spambots. You need JavaScript enabled to view it.