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CPBS Events
Upcoming Events
Seminar: TBA
Rebecca Hellerstein • FRB New York
Past Events
Research Seminars
Research Conferences
- Annual Pacific Basin Conference
September 19-20, 2008
Program and papers
- Annual Pacific Basin Conference
June 8-9, 2007
Agenda
- Annual Pacific Basin Conference
June 16-17, 2006
Agenda •
Summary
- Annual Conference: "External Imbalances and Adjustment in the Pacific Basin"
September 22-23, 2005
Agenda •
Summary
- Symposium: "Revived Bretton Woods System: A New Paradigm for Asian Development?"
Sponsored jointly with the Clausen Center for International Business & Policy, U.C. Berkeley
February 4, 2005
Agenda •
Summary
- Conference: "Emerging Markets and Macroeconomic Volatility: Lessons from a Decade of Financial Debacles"
Sponsored jointly with the Center for International Economics, University of Maryland
June 4-5, 2004
Agenda •
Summary
- Senior Policymaker Seminar: "Capital Flows, Monetary Policy and Current Issues in International Finance"
Organized Jointly with the World Bank
February 23-26, 2004
Agenda
- Conference: "Financial Issues in the Pacific Basin Region"
Sponsored jointly with the Journal of the Japanese and International Economies
September 26-27, 2002
Agenda •
Summary
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Recent Research
Sterilization, Monetary Policy, and Global Financial Integration
FRBSF Working Paper 08-15 :: Aizenman and Glick
This paper investigates the changing pattern and efficacy of sterilization within emerging market countries as they liberalize markets and integrate with the world economy. We estimate the marginal propensity to sterilize foreign asset accumulation associated with net balance of payments inflows, across countries and over time. We find that the extent of sterilization of foreign reserve inflows has risen in recent years to varying degrees in Asia as well as in Latin America, consistent with greater concerns about the potential inflationary impact of reserve inflows. We also find that sterilization depends on the composition of balance of payments inflows. More »
View other CPBS Working Papers »
Pacific Basin Notes
A series of the FRBSF Economic Letter
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CPBS Staff
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