Call for Papers
2nd International Macroeconomics and Finance Conference on “Financial Frictions in Open Economies”
Seoul, 24-25 March 2017

Korea University will hold the 2nd International Macroeconomics and Finance Conference (IMFC2) on “Financial Frictions in Open Economies” in Seoul, Korea on 24-25 March 2017 in collaboration with Keio University and the Hong Kong University of Science and Technology.


Since the global financial crisis, a growing number of papers have studied the implications of financial frictions on open economies. The crisis clearly showed that financial frictions are not contained in the financial sector and can widely affect the real economy. Accordingly, developing optimal macroeconomic policies that explicitly take financial frictions into consideration has become an important issue. This conference hopes to bring together new empirical and theoretical research on all aspects of financial frictions and their role in shaping macroeconomic policies in the open economy context.       

Possible topics include, but are not limited to

-    Financial frictions and macroeconomic fluctuations in open economies
-    Financial frictions and optimal monetary policies in open economies
-    Coordination of monetary and macroprudential policies in open economies
-    Financial frictions and unemployment in open economies
-    Housing and financial frictions in open economies
-    Foreign debts and financial frictions in open economies
-    Current account surplus and financial frictions in open economies

Those interested in participating are invited to submit papers to bk21conference@korea.ac.kr. The submission deadline is January 21, 2017. Authors of accepted papers will be notified by February 6, 2017.

Accommodation and requests for economy-class airfare can be supported according to need. Workshop attendance is by invitation only.

The conference organizers are grateful for the support from the Korea University BK21 program and the Korean Economic Review. The Korean Economic Review is developing a special volume from the conference. Participants are encouraged to indicate their interest in the special issue. 

Keynote Presenter
Michael Devereux (University of British Columbia)

Organizing Committee
David Cook (HKUST)
Ippei Fujiwara (Keio University / ANU)
Jinill Kim (Korea University)
Kwanho Shin (Korea University)