The distinguished International Seminar on Macroeconomics (ISoM) has met annually in Europe for thirty years. The papers included in this volume discuss openness and the fall and rise of stock market correlations between 1890 and 2001; defaults, underwriters and sovereign bond markets between 1815 and 2007; systemic risk taking and the U.S. financial crisis; the Feldstein-Horioka fact, nontradable goods' real exchange rate puzzle; and assessing external equilibrium in low income countries.
Frankel, Jeffrey A. Comments on ‘Firm-Size Distribution and Cross-country Income Differences,’ by Laura Alfaro, Andrew Charlton and Fabio Kanczuk. NBER International Seminar on Macroeconomics 2009, Volume 6. Ed. Lucrezia Reichlin and Kenneth West. University of Chicago Press, 2010.