2003 Rethinking Structural Reform in Latin America Conference - Program Presentations and Papers

Introductory Remarks
Robert Eisenbeis, Federal Reserve Bank of Atlanta
Eduardo Lora, Inter-American Development Bank
Panel 1: Governance and Institutional Issues
Chair: Eduardo Fernández-Arias, Inter-American Development Bank

Reform Fatigue: Symptoms, Reasons, and Implications
Eduardo Lora, Inter-American Development Bank
Ugo Panizza, Inter-American Development Bank
Myriam Quispe-Agnoli, Federal Reserve Bank of Atlanta

The Truth about Privatization
Alberto Chong, Inter-American Development Bank
Florencio Lopez de Silanes, Yale University

Public Policy Making in Argentina
Mariano Tommasi, Universidad de San Andrés, Argentina

Discussants:
Jeffry A. Frieden, Harvard University
Eliana Cardoso, Department of Economics, University of São Paulo

Dinner
Keynote Speaker: Miguel Ángel Rodríguez Echeverría, Former President of Costa Rica
Panel 2: Labor Market Reform
Chair: Tom Cunningham, Federal Reserve Bank of Atlanta

Labor Market Reforms: The Good, the Bad, and the Ugly
Carmen Páges, Inter-American Development Bank

The Regulation of Labor
Rafael La Porta, Harvard University

Discussant: Raquel Fernández, New York University

Panel 3: Financial Sector Reform
Chair: Robert Eisenbeis, Federal Reserve Bank of Atlanta

Creditor Protection and Financial Markets: An Overview of Empirical Evidence and Implications for Latin America
Arturo Galindo, Inter-American Development Bank
Alejandro Micco, Inter-American Development Bank

Does Financial Liberalization Spur Growth?
Geert Bekaert, Columbia University

Discussant: Sergio Schmukler, The World Bank
Presentation

Lunch
Speaker: Arnold C. Harberger, University of California, Los Angeles
Panel 4: Reform and Macroeconomic Stability/Instability
Chair: Paulo Vieira da Cunha, HSBC Securities

Debt Composition and Balance Sheet Effects of Currency Depreciation: Empirical Evidence
Ugo Panizza, Inter-American Development Bank

Loyal Lending or Fickle Financing: Foreign Banks in Latin America
Andrew Powell, Universidad Torcuato Di Tella, Argentina

Discussant: Linda Goldberg, Federal Reserve Bank of New York

Panel 5: Roundtable Policymaker Discussion
Roundtable participants will address the central questions discussed in the conference. What have been the main obstacles to successful reform? How might implementation be improved? What is the relationship between reform and stability?

Panelists:
Guillermo Calvo, Inter-American Development Bank
Presentation
Arnold C. Harberger, University of California, Los Angeles
Carmen Reinhart, University of Maryland

Moderator: Jeffry A. Frieden, Harvard University