一、报告题目：
Foreign Asset Accumulation among Emerging Market Economies: a Case for Coordination
二、报告人：
金昊，厦门大学王亚楠经济研究院助理教授，美国Indiana University博士。主要研究领域为 Macroeconomics, International Economics, Monetary Economics。其研究成果发表在Journal of Translation From Foreign Literatures，Journal of Capital University of
Economics and Business 等知名亚娱体育官方网站期刊
三、报告时间：
3月30日（周四）14:30-16:00
四、报告地点：
知新楼B423聚贤报告厅
五、报告摘要：
We develop a two-sector, core-periphery country general equilibrium framework with endogenous financial crises and argue for coordination on foreign asset accumulations among emerging market economies (EMEs).We show that a national planner in each peripheral country prefers a higher foreign asset position than the decentralized agents. This is consistent with the policy prescription derived in Bianchi (2011). However, a coordinator for all peripheral countries, who internalizes the effect of aggregate peripheral savings on the world interest rate, prefers a lower foreign asset position relative to the national planner. We find that uncoordinated foreign asset accumulations may even be inferior to decentralized equilibrium once we allow for a variable world interest rate. Our quantitative analysis shows that the coordinated level of net foreign assets for the peripheral countries is only 56% that of the uncoordinated level.
六、主办单位：
山东大学经济学院
