32nd International Seminar on Macroeconomics conferences.

• Position: Conferences - Conference news

NBER'S 32nd International Seminar on Macroeconomics (ISOM) took place on June 12 and 13. NBER Research Associates Jeffrey Frankel of Harvard University and Francesco Giavazzi of Bocconi University served as ISOM co-chairs. Lucrezia Reichlin, London Business School, and Kenneth D. West, NBER and University of Wisconsin, organized this year's program, which was hosted by the Central Bank of Cyprus. The following papers were discussed:

* "Free Flows, Limited Diversification: Openness and the Fall and Rise of Stock Market Correlations, 1890-2001"--Dennis Quinn, Georgetown University, and Joachim Voth, CREI, Barcelona

"The Default Puzzle: Underwriters and Sovereign Bond Markets, 1815-2007" (NBER Working Paper No. 15128)--Marc Flandreau, Graduate Institute Geneva; Juan Flores, University of Geneva; Norbert Galliard, Sciences Po; and Sebastian Nieto, OECD

* "Systemic Risk-Taking and the U.S. Financial Crisis"--Romain Ranciere, IMF, and Aaron Tornell, University of California, Los Angeles

* "The Feldstein-Horioka Fact"--Domenico Giannone and Michele Lenza, European Central Bank

* "Can Parameter Instability Explain the Meese-Rogoff Puzzle ?"--Philippe Bacchetta and Toni Beutler, University of Lausanne, and Eric van Wincoop, University of Virginia...