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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Center for Financial Research

Agenda - PDF (PDF Help)

Conference Program
18th Annual Bank Research Conference:

Sponsored by the Federal Deposit Insurance Corporation's Center for Financial Research and the Journal of Financial Services Research
September 6-7, 2018

Program Committee
Mitchell Berlin, Linda Goldberg, Itay Goldstein,
Mitchell Petersen, Nagpurnanand Prabhala, Catherine Schrand

Organizing Committee
Haelim Anderson, Rosalind Bennett, Stefan Jacewitz, Emily Johnston-Ross,
Hua Kiefer, Troy Kravitz, Philip Li, Christopher Martin, Manju Puri, Haluk Unal

Thursday, September 6, 2018

8:30 - 9:00

Registration & Continental breakfast

9:00 - 9:30

Opening Remarks
Jelena McWilliams, Chairman of the FDIC

9:30 - 11:00

Tradeoffs in Bank Regulation
Session Chair and Discussant: Itay Goldstein, University of Pennsylvania

Bank Bailouts, Bail-ins or No Regulatory Intervention? A Dynamic Model and Empirical Tests of Optimal Regulation
Allen N. Berger, University of South Carolina,
Charles P. Himmelberg, Goldman Sachs & Co.
Raluca A. Roman, Federal Reserve Bank of Philadelphia
Sergey Tsyplakov, University of South Carolina

The Welfare Effects of Bank Liquidity and Capital Requirements
Skander J. Van den Heuvel, Federal Reserve Board

The Effects of Capital Requirements on Good and Bad Risk Taking
N. Aaron Pancost, University of Texas at Austin
Roberto Robatto, University of Wisconsin-Madison

11:00 - 11:30

- break -

11:30 - 12:30

Regulations, Institutions, and Bank Behavior
Session Chair and Discussant: Catherine Schrand, University of Pennsylvania

Creditor Rights and Bank Losses: A Cross-Country Comparison
Amanda Rae Heitz, Tulane University
Gans Narayanamoorthy, Tulane University

Government Guarantees and Banks’ Earnings Management
Manuela M. Dantas, Cornell University
Kenneth J. Merkley, Cornell University
Felipe Bastos G. Silva, Cornell University

12:30 - 1:30

- Lunch -

1:30 - 3:00

Segmentation of the Lending Markets
Session Chair and Discussant: Elena Loutskina, , University of Virginia

The Effects of Competition on Consumer Credit Markets
Stefan Gissler, Federal Reserve Board
Rodney Ramcharan, University of Southern California
Edison Yu, Federal Reserve Bank of Philadelphia

Nonbank Lending
Sergey Chernenko, Purdue University
Isil Erel, The Ohio State University
Robert Prilmeier, Tulane University

What Drives Global Syndication of Bank Loans? Effects of Capital Regulations
Janet Gao, Indiana University
Yeejin Jang, Purdue University
3:00 - 3:30 - break -
3:30 - 5:00 Stress Spillovers through Banks
Session Chair and Discussant: Linda Goldberg, Federal Reserve Bank of New York

The Fire-Sale Channels of Universal Banks in the European Sovereign Debt Crisis
Giulio Bagattini, Frankfurt School of Finance and Management
Falko Fecht, Frankfurt School of Finance and Management
Patrick Weber, Deutsche Bundesbank

Friend or Foe? Cross Border Linkages Contagious Banking Crises, and “Coordinated” Macroprudential Policies
Seung Mo Choi, International Monetary Fund
Laura Kodres, International Monetary Fund
Jing Lu, International Monetary Fund

The Cleansing Effect of Banking Crises
Reint Gropp, IWH and University of Magdeburg
Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven, and CEPR
Jörg Rochell, ESMT Berlin and ECGI
Vahid Saadi, IE Business School
5:00 - 6:00 Fast Track Session

The Micro Impact of Macroprudential Policies: Firm-Level Evidence Meghana Ayyagari, George Washington University
Thorsten Beck, University of London and CEPR
Maria Soledad Martinez Peria, International Monetary Fund

Resolving Too Big to Fail
Nicola Cetorelli, Federal Reserve Bank of New York
James Traina, Federal Reserve Bank of New York

Are Contingent Convertibles Going-Concern Capital?
Franco Fiordelisi, University of Rome III
George Pennacchii, University of Illinois
Ornella Ricci, University of Rome III

How Banks Respond to Negative Interest Rates: Evidence from the Swiss Exemption Threshold
Christoph Basten, University of Zurich
Mike Mariathasan, KU Leuven

Acquiring Failed Banks
Siddharth Vij, University of Georgia

The Wisdom of Crowds and Information Cascades in FinTech: Evidence from Initial Coin Offerings
Jongsub Lee, University of Florida
Tao Li, University of Florida
Donghwa Shin, Princeton University
6:00 - 7:00 - Reception -
Friday, September 7, 2018
8:00 - 8:30 - Continental breakfast -
8:30 - 9:30 The Internal Organization of Bank Holding Companies
Session Chair and Discussant: Mitchell Berlin, Federal Reserve Bank of Philadelphia

The Dark-Side of Banks’ Non-bank Business: Internal Dividends in Bank Holding Companies
Jonathan Pogach, Federal Deposit Insurance Corporation
Haluk Unal, University of Maryland and Federal Deposit Insurance Corporation

Business Complexity and Risk Management: Evidence from Operational Risk Events in U.S. Bank Holding Companies
Anna Chernobai, Syracuse University
Ali Ozdagli, Federal Reserve Bank of Boston
Jianlin Wang, University of California at Berkeley
9:30 - 10:30 Keynote Address
Bailouts
Deborah Lucas, Massachusetts Institute of Technology

10:30 - 11:00 - break -
11:00 - 12:00 Managing Default Risk: Competition, Regulation, and Capital
Session Chair and Discussant: Mitchell Petersen, Northwestern University

The Effects of Banking Competition on Growth and Financial Stability: Evidence from the National Banking Era
Mark Carlson, Federal Reserve Board
Sergio Correia, Federal Reserve Board
Stephan Luck, Federal Reserve Board

The Impact of Risk Retention Regulation on the Underwriting of Securitized Mortgages
Craig Furfine, Northwestern University
12:00 - 1:00 - Lunch -
1:00 - 2:30 FinTech
Session Chair and Discussant: Nagpurnanand Prabhala, University of Maryland

Reintermediation in FinTech: Evidence from Online Lending
Tetyana Balyuk, Emory University
Sergei Davydenko, University of Toronto

Fintech and Firm Selection: Evidence from E-Commerce Platform Lending
Yi Huang, Graduate Institute of International and Development Studies
Ye Li, The Ohio State University
Hongzhe Shan, Swiss Finance Institute

Winners and Losers of Marketplace Lending: Evidence from Borrower Credit Dynamics
Sudheer Chava, Georgia Institute of Technology
Nikhil Paradkar, Georgia Institute of Technology
2:30 - 3:00 - break -
3:00 - 4:00 Depositor Reaction to Increased Risk at Banks
Session Chair and Discussant: Richard Rosen, Federal Reserve Bank of Chicago

Paying Attention to Banks: Evidence from Offshore Deposits
Pablo Slutzky, University of Maryland
Matthieu Chavaz, Bank of England

Deposit Inflows and Outflows in Failing Banks: The Role of Deposit Insurance
Christopher Martin, Federal Deposit Insurance Corporation
Alexander Ufier, Federal Deposit Insurance Corporation
Manju Puri, Duke University, Federal Deposit Insurance Corporation, and the National Bureau of Economic Research
4:00 - Adjourn -


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