We are pleased to announce the celebration of the XVIII Workshop on Economic
Integration, organized by the INTECO joint research unit in Economic Integration to be
held at the University of Valencia the next 25th and 26th of November 2021. In this
edition, our invited key speaker will be Gian María Milesi-Ferretti (Brookings
Institution-Former Deputy Director Research Department IMF). We will also have a
round-table on “post-Covid recovery and structural reforms” with the participation of
Juan Francisco Jimeno (Banco de España) and Oriol Carreras (Caixabank Research).
The COVID-19 pandemic does not allow to have large in-person events yet. Thus, the
XVIII Inteco Workshop on Economic Integration will take place on a hybrid
format through both online and onsite participation. You will receive further
details in due time.
Analogously to previous years, the workshop will consist of the presentation of working
papers in the field of economic integration, both real (international trade) and financial
(international finance). Participants will have 20 minutes to present their works and then
each paper will be briefly commented on by a discussant and open for general discussion to
the floor. Onsite presenters/discussants of accepted papers will be covered one hotel
night plus social meals.
In case you are interested in participating in the workshop, either presenting or
discussing papers, please let us know by email: [email protected] before the 30th of October.
a) 30th of October 2021: expression of interest and submission of papers.
b) 11th of November 2021: publication of the program
b) 25th and 26th of November 2021: workshop
All the information will be available on INTECO web page (http://www.inteco.uji.es).

Jeffrey Frankel, 02 May 2021

Richard Cooper, Robert Mundell, and John Williamson made important contributions on a variety of topics in international economics throughout their careers, particularly in terms of how we think about currency arrangements. This column reviews the work of all three, tracing their ideas and drawing lessons for policymakers today.

Christine Arriola, Przemyslaw Kowalski, Frank van Tongeren, 15 November 2020

The Covid-19 pandemic has left in its wake a global economy damaged beyond what was thought possible a decade ago. The globalised nature of the 21st century global economy is a key component in terms of the dynamics, and effects, of the virus. This column presents an analysis of the importance of global value chains, both during the pandemic and throughout the recovery process. The results of the study suggest that increased localisation could do more harm than good, and that the international network of interconnected supply chains remains key to producing essential goods and services.

Sebastian Edwards, 10 November 2020

While today almost every advanced nation has a flexible exchange rate regime similar to that advocated by Milton Friedman, most emerging countries continue to have ‘conventional peg’. This column draws on the historical work of Milton Friedman to examine the conditions under which he thought that flexible rates were the right system for developing countries, and when he thought that it was appropriate to have an alternative regime. 

Emine Boz, Camila Casas, Georgios Georgiadis, Gita Gopinath, Helena Le Mezo , Arnaud Mehl, Tra Nguyen, 09 October 2020

Most global trade transactions are invoiced in just a few currencies, regardless of the countries involved in the transaction. This column presents a new dataset that offers a comprehensive and up-to-date understanding of trade invoicing patterns within the major currencies. It finds that vehicle currency use has been on the rise, with dollar invoicing increasing over time despite the decline in the share of global trade accounted for by the US, and euro invoicing also rising among certain countries (typically at the expense of the dollar). 

Silvana Tenreyro, 04 September 2020

Understanding the nature of the global economy remains an important and interesting topic of discussion for both policymakers and researchers. This column presents a summary of two recent evaluations of aspects of the open economy. The author summarises work concerning global currencies and trading networks, offering insights into how the research agenda on each area may evolve over the coming years. 


Submissions are sought on the following themes:
• Digital currencies, fintech, and technology
• Regulation, markets, and financial intermediation
• International economics
• Macroeconomics, monetary policy, macrofinance, monetary policy frameworks, and communication
• Inflation dynamics
• Policy lessons from the history of finance and central banking
The deadline for submissions is Saturday, February 2nd.
The meeting commences on Thursday, July 18 at the FRB New York, featuring presentations by Nellie Liang and Jeremy C. Stein, and John C. Williams.
The 31 contributed sessions take place on Friday and Saturday, July 19-20 at the Kellogg Center, SIPA, Columbia University. Contributed sessions are organized by BIS, FSB, IMF, SNB, FRB St. Louis, Bank of Israel, FRB Cleveland, ECB, Riksbank, FRB San Francisco, Norges Bank, Bank of Spain, Bank of Japan, Bank of Canada, Bank of Korea, OeNB, FRB Minneapolis, Bundesbank, Central Bank of Ireland, SAFE, CEPR, ABFER, and IBRN.


Nobel Prizes in Economics Joseph Stiglitz, Angus Deaton and Michael Spence will lecture at the I.S.E.O International Summer School 2016 focused on "Looking forward: new challenges and opportunities for the World Economy”. The course takes place in a wonderful location in northern Italy and it's promoted by I.S.E.O Institute chaired by Robert Solow. Post graduate students, young economists and researchers are eligible. Partial scholarships available. Info www.istiseo.org or [email protected].


CEPR Policy Research