WORKSHOP

6th EMME Workshop

Emerging Market MacroEconomics.


.Bordeaux

March 14th, 2025

Theme

The goal of this workshop is to gather academic contributions addressing recent Emerging Market Economies developments in the fields of Macroeconomics, International Trade and Finance.

The scientific committee welcomes both empirical and theoretical contributions.

Papers can in particular address the following issues about Emerging Countries:

  • Global financial cycle, capital flows and international spillovers
  • Evolution of global value chains
  • Debt denomination and sustainability
  • Foreign exchange, derivatives markets, Renminbi internationalization
  • Monetary policy challenges
  • Commodities and terms of trade shocks

The workshop is open to anybody involved in these research areas, including both young and experienced researchers, Ph.D. students, post-doctoral researchers, and professionals from business, government, and non-governmental institutions. There is no registration fee.


Keynote speaker

Ulrich Volz

 SOAS, University of London

.

Reversing the Vicious Circle of Debt, Underdevelopment, and Environmental Change
This lecture examines how climate vulnerability and nature loss create a vicious circle in which developing countries face higher sovereign risk, rising capital costs, and decreasing fiscal space for investment. It subsequently discusses ways of enhancing investment in resilience and sustainable development to reverse this process and create a virtuous circle.

Ulrich Volz is Professor of Economics and Director of the Centre for Sustainable Finance at SOAS, University of London. He is also a Sencaior Research Fellow at the German Institute of Development and Sustainability (IDOS), Visiting Professor at the London School of Economics and Political Science, Honorary Professor of Economics at the University of Leipzig, and a Research Fellow at the Centre for Economic Policy Research (CEPR). At SOAS, he previously served as Head of the Department of Economics and Member of the University’s Executive Board. Ulrich is academic director of the University Network for Strengthening Macrofinancial Resilience to Climate and Environmental Change, co-chair of the Global Research Alliance for Sustainable Finance and Investment, and a co-chair of the Debt Relief for a Green and Inclusive Recovery initiative. He serves on the Sustainable Finance Advisory Committee of the German Federal Government, the Economic Advisory Network of the German Federal Ministry for Economic Cooperation and Development, the advisory panel of the Glasgow Financial Alliance for Net Zero (GFANZ), the International Advisory Committee for the Climate/SDGs Debt Swap Mechanism of the UN Economic and Social Commission for Western Asia (UN ESCWA), and the Alliance for Financial Inclusion’s Research Advisory Council for Inclusive Green Finance. Ulrich was Banque de France Chair at the École des Hautes Études en Sciences Sociales (EHESS) in Paris, and taught at Peking University, Kobe University, Hertie School of Governance, Freie Universität Berlin, Central University of Finance and Economics, and the Institute of Developing Economies (IDE-JETRO). He spent stints working at the European Central Bank and European Bank for Reconstruction and Development and held visiting positions at the University of Oxford, University of Birmingham, Aoyama Gakuin University, ECB, Bank Indonesia, Bank Negara Malaysia and the Asian Development Bank Institute, where he previously served on the Advisory Council. Ulrich was part of the UN Inquiry into the Design of a Sustainable Financial System, a member of the NGFS-INSPIRE Study Group on Biodiversity and Financial Stability, and a member of the World Bank’s Green Recovery Monitoring and Evaluation Technical Working Group. In 2024, Ulrich was appointed by the Brazilian G20 Presidency to the Group of Experts of the G20 Taskforce on a Global Mobilization against Climate Change (TF-CLIMA). He has acted as an advisor to numerous governments, central banks, international organisations and development agencies on matters of macroeconomic policy, climate risk and sustainable finance, and financial sector development. Ulrich obtained a doctorate in economics from Freie Universität Berlin and was a Fox International Fellow and Max Kade Scholar at Yale University.


Programme

 8.45. Welcome

9.00-9.45. Climate change and fiscal crisis in agricultural commodity dependent countries.
Florian Morvillier and Erica Perego (CEPII)

9.45-10.30. How climate physical risks affect banking stability? The Latin American experience with strong ENSO events.
Olivier Damette, Clément Mathonnat and Julien Thavard (BETA, University of Lorraine)

10.30-11.00. Break 

11.00-12.15. Keynote Lecture by Ulrich VOLZ (SOAS, University of London)
Reversing the Vicious Circle of Debt, Underdevelopment, and Environmental Change 

12.30-13.45. Lunch break. Room Salle des séminaires H2-116

13.45-14.45. The physical vulnerability to climate change index: presentation and uses.
Michaël Goujon (CERDI, University of Clermont Auvergne)

14.45-15.45. China and its role in the global energy transition.
Camélia Turcu (LEO, University of Orléans)

15.45-16.00. Final break

.


Organization and Scientific Committee

Delphine Lahet (BSE, U. de Bordeaux), Marc Pourroy (LéP, U. de Poitiers)

Cristina Badarau (BSE, U. de Bordeaux & INFER), Florence Huart (LEM, U. de Lille), Antonia Lopez-Villavicencio (EconomiX, U. Paris Nanterre)
.


Place of the workshop

The workshop will take place at University of Bordeaux, France :

Bordeaux School of Economics (BSE):
Campus Pessac Montesquieu // Room Manon Cormier
16 avenue Léon Duguit
33 600 Pessac, France
Tramway B: station Montaigne/Montesquieu


Practical information