Center for Financial Research
Friday, September 13, 2019
8:30-9:00 AM
– Registration & Continental Breakfast
9:00-9:30
Opening Remarks
Jelena McWilliams, Chairman of the FDIC
9:30-10:30
Keynote Address
Regulating Banks in the Era of Fintech Shadow Banks
Amit Seru, Stanford University
Amit Seru, Stanford University
10:30-11:00
– Break and Poster Session*
11:00-12:30
Price and Quantity Effects of Capital Regulations
Session Chair and Discussant: Mark Flannery, University of Florida
Presentation
The Effects of Bank Capital Buffers in Bank Lending and Firm Activity: What Can We Learn from Five Years of Stress-Test Results
Jose M. Berrospide, Federal Reserve Board
Rochelle M. Edge, Federal Reserve Board
Bank Funding Costs and Capital Structure
Andrew R. Gimber, Bank of England
Aniruddha Rajan, Bank of England
The Bond Pricing Implications of Rating-Based Capital Requirements
Scott Murray, Georgia State University
Stanislava Nikolova, University of Nebraska-Lincoln
Presentation
The Effects of Bank Capital Buffers in Bank Lending and Firm Activity: What Can We Learn from Five Years of Stress-Test Results
Jose M. Berrospide, Federal Reserve Board
Rochelle M. Edge, Federal Reserve Board
Bank Funding Costs and Capital Structure
Andrew R. Gimber, Bank of England
Aniruddha Rajan, Bank of England
The Bond Pricing Implications of Rating-Based Capital Requirements
Scott Murray, Georgia State University
Stanislava Nikolova, University of Nebraska-Lincoln
12:30-1:30
– Lunch –
1:30-3:00
The Impact of Regulation on Banks
Session Chair and Discussant: Anna Kovner, Federal Reserve Bank of New York
Regulators’ Disclosure Decisions: Evidence from Bank Enforcement Actions
Anna Kleymenova, University of Chicago
Rimmy E. Tomy, University of Chicago
Impact of Higher Capital Buffers on Banks’ Lending: Evidence from the Euro Area Experiments
Giuseppe Cappelletti, European Central Bank
Aurea Ponte Marques, European Central Bank
Paolo Varraso, New York University
Dressing up for the Regulators: Evidence from the Largest-Ever Supervisory Review
Puriya Abbassi, Deutsche Bundesbank
Rajkamal Iyer, Imperial College London
José-Luis Peydró, ICREA-Universitat Pompeu Fabra
Paul E. Soto, Federal Deposit Insurance Corporation
Regulators’ Disclosure Decisions: Evidence from Bank Enforcement Actions
Anna Kleymenova, University of Chicago
Rimmy E. Tomy, University of Chicago
Impact of Higher Capital Buffers on Banks’ Lending: Evidence from the Euro Area Experiments
Giuseppe Cappelletti, European Central Bank
Aurea Ponte Marques, European Central Bank
Paolo Varraso, New York University
Dressing up for the Regulators: Evidence from the Largest-Ever Supervisory Review
Puriya Abbassi, Deutsche Bundesbank
Rajkamal Iyer, Imperial College London
José-Luis Peydró, ICREA-Universitat Pompeu Fabra
Paul E. Soto, Federal Deposit Insurance Corporation
3:00-3:30
– Break –
3:30-4:30
Deposit Insurance and Resolution of Failed Banks
Session Chair and Discussant: Amiyatosh Purnanandam, University of Michigan
Presentation
Deposit Insurance Premiums and Arbitrage
Edward Kim, University of California at Los Angeles
Marcelo Rezende, Federal Reserve Board
Resolving Failed Banks: Uncertainty, Multiple Bidding & Auction Design
Jason Allen, Bank of Canada
Robert Clark, Queen’s University
Brent Hickman, Washington University St. Louis
Eric Richert, Queen’s University
Presentation
Deposit Insurance Premiums and Arbitrage
Edward Kim, University of California at Los Angeles
Marcelo Rezende, Federal Reserve Board
Resolving Failed Banks: Uncertainty, Multiple Bidding & Auction Design
Jason Allen, Bank of Canada
Robert Clark, Queen’s University
Brent Hickman, Washington University St. Louis
Eric Richert, Queen’s University
4:30-5:30
Fast Track Session
Designing Central Bank Digital Currencies
Itai Agur, International Monetary Fund
Anil Ari, International Monetary Fund
Giovanni Dell’Ariccia, International Monetary Fund
Does Increased Shareholder Liability Always Reduce Bank Risk-Taking?
Haelim Anderson, Federal Deposit Insurance Corporation
Daniel Barth, U.S. Department of Treasury
Dong Beom Choi, Seoul National University
Presentation
Endogenous Risk-Exposure and Systemic Instability
Chong Shu, University of Southern California
Presentation
Do Distressed Banks Really Gamble for Resurrection?
Itzhak Ben-David, The Ohio State University
Ajay A. Palvia, Office of the Comptroller of the Currency
René M. Stulz, The Ohio State University
Presentation
Loan Guarantees and Credit Supply
Natalie Bachas, Princeton University
Olivia S. Kim, Massachusetts Institute of Technology
Constantine Yannelis, University of Chicago
Designing Central Bank Digital Currencies
Itai Agur, International Monetary Fund
Anil Ari, International Monetary Fund
Giovanni Dell’Ariccia, International Monetary Fund
Does Increased Shareholder Liability Always Reduce Bank Risk-Taking?
Haelim Anderson, Federal Deposit Insurance Corporation
Daniel Barth, U.S. Department of Treasury
Dong Beom Choi, Seoul National University
Presentation
Endogenous Risk-Exposure and Systemic Instability
Chong Shu, University of Southern California
Presentation
Do Distressed Banks Really Gamble for Resurrection?
Itzhak Ben-David, The Ohio State University
Ajay A. Palvia, Office of the Comptroller of the Currency
René M. Stulz, The Ohio State University
Presentation
Loan Guarantees and Credit Supply
Natalie Bachas, Princeton University
Olivia S. Kim, Massachusetts Institute of Technology
Constantine Yannelis, University of Chicago
5:30-7:30
– Reception –
Saturday, September 14, 2019
8:00-8:30 AM
– Continental Breakfast –
8:30-10:00
The Effects of Bank Capital and Liquidity Regulation on Bank Lending and Risk Taking
Session Chair and Discussant: Christa Bouwman, Texas A&M University
Liquidity Requirements and Deposit Competition
Junho Park, Singapore Managment University
Kwangwoo Park, Korea Advanced Institute of Science and Technology
George G. Pennacchi, University of Illinois
The Cost and Benefits of Liquidity Regulations: Lessons from an Idle Monetary Policy Tool
Christopher J. Curfman, University of Texas at Austin
John Kandrac, Federal Reserve Board
Tests of the New Intermediary Asset Pricing Theory: The Role of Lead Bank Capital in the Liquidity of Syndicated Loans
Allen N. Berger, University of South Carolina
Donghang Zhang, University of South Carolina
Yijia (Eddie) Zhao, University of Massachusetts
Liquidity Requirements and Deposit Competition
Junho Park, Singapore Managment University
Kwangwoo Park, Korea Advanced Institute of Science and Technology
George G. Pennacchi, University of Illinois
The Cost and Benefits of Liquidity Regulations: Lessons from an Idle Monetary Policy Tool
Christopher J. Curfman, University of Texas at Austin
John Kandrac, Federal Reserve Board
Tests of the New Intermediary Asset Pricing Theory: The Role of Lead Bank Capital in the Liquidity of Syndicated Loans
Allen N. Berger, University of South Carolina
Donghang Zhang, University of South Carolina
Yijia (Eddie) Zhao, University of Massachusetts
10:00-10:30
– Break –
10:30-11:30
Interconnectedness, Systemic Risk, and Policy Implications
Session Chair and Discussant: Celso Brunetti, Federal Reserve Board
Central Counterparty Default Waterfalls and Systemic Loss
Mark Paddrik, Office of Financial Research
Simpson Zhang, Office of the Comptroller of the Currency
Financial Networks over the Business Cycle
Alexandr Kopytov, Princeton University
Central Counterparty Default Waterfalls and Systemic Loss
Mark Paddrik, Office of Financial Research
Simpson Zhang, Office of the Comptroller of the Currency
Financial Networks over the Business Cycle
Alexandr Kopytov, Princeton University
11:30-12:30
Externalities in New Financing Platforms
Session Chair and Discussant: Christine Parlour, University of California, Berkeley
Can Technology Undermine Macroprudential Regulation? Evidence from Peer-to-Peer Credit in China
Fabio Braggion, Tiburg University
Alberto Manconi, Bocconi University
Haikun Zhu, Erasmus University Rotterdam
The Effect of Secondary Market Liquidity on Primary Market Liquidity: A Natural Experiment in Peer-to-Peer Lending
Craig Holden, Indiana University
Mingfeng Lin, Georgia Institute of Technology
Kai Lu, University of Science and Technology of China
Zaiyan Wei, Purdue University
Jun Yang, Indiana University
Can Technology Undermine Macroprudential Regulation? Evidence from Peer-to-Peer Credit in China
Fabio Braggion, Tiburg University
Alberto Manconi, Bocconi University
Haikun Zhu, Erasmus University Rotterdam
The Effect of Secondary Market Liquidity on Primary Market Liquidity: A Natural Experiment in Peer-to-Peer Lending
Craig Holden, Indiana University
Mingfeng Lin, Georgia Institute of Technology
Kai Lu, University of Science and Technology of China
Zaiyan Wei, Purdue University
Jun Yang, Indiana University
1:30-3:00
Bank Activities and Risk
Session Chair and Discussant: Bernadette Minton, The Ohio State University
Holding Company Affiliation and Risk: Evidence from the U.S. Banking Sector
Radoslav Raykov, Bank of Canada
Consuelo Silva-Buston, La Pontificia Universidad Católica de Chile
Banks as Regulated Traders
Antonio Falato, Federal Reserve Board
Diana Iercosan, Federal Reserve Board
Filip Zikes, Federal Reserve Board
The Information Value of Past Losses in Operational Risk
Filippo Curti, Federal Reserve Bank of Richmond
Marco Migueis, Federal Reserve Board
Holding Company Affiliation and Risk: Evidence from the U.S. Banking Sector
Radoslav Raykov, Bank of Canada
Consuelo Silva-Buston, La Pontificia Universidad Católica de Chile
Banks as Regulated Traders
Antonio Falato, Federal Reserve Board
Diana Iercosan, Federal Reserve Board
Filip Zikes, Federal Reserve Board
The Information Value of Past Losses in Operational Risk
Filippo Curti, Federal Reserve Bank of Richmond
Marco Migueis, Federal Reserve Board
3:00-3:30
– Break –
3:30-4:30
High Yield Debt
Session Chair and Discussant: Justin Murfin, Cornell University
Lending Standards and Output Growth
Divya Kirti, International Monetary Fund
Securities Laws and the Choice Between Loans and Bonds for Highly Levered Firms
Robert Prilmeier, Tulane University
René M. Stulz, The Ohio State University
Lending Standards and Output Growth
Divya Kirti, International Monetary Fund
Securities Laws and the Choice Between Loans and Bonds for Highly Levered Firms
Robert Prilmeier, Tulane University
René M. Stulz, The Ohio State University
Evaluating Regulatory Reform: Banks' Cost of Capital and Lending
Anna Kovner, Federal Reserve Bank of New York
Peter Van Tassel, Federal Reserve Bank of New York
Poster
Why Do Banks Hide Losses?
Thomas Flanagan, University of Michigan
Amiyatosh Purnanandam, University of Michigan
René M. Stulz, The Ohio State University
Poster
Collateral Runs
Sebastian Infante, Federal Reserve Board
Alexandros P. Vardoulakis, Federal Reserve Board
Poster
The Profit-Credit Cycle
Björn Richter, University of Bonn
Kaspar Zimmermann, University of Bonn
Poster
Liquidity Regulation and Financial Intermediaries
Marco Macchiavelli, Federal Reserve Board
Luke Pettit, Federal Reserve Board
Poster
Unintended Consequences of Post-Crisis Liquidity Regulation
Suresh Sundaresan, Columbia Business School
Kairong Xiao, Columbia Business School
Poster
Anna Kovner, Federal Reserve Bank of New York
Peter Van Tassel, Federal Reserve Bank of New York
Poster
Why Do Banks Hide Losses?
Thomas Flanagan, University of Michigan
Amiyatosh Purnanandam, University of Michigan
René M. Stulz, The Ohio State University
Poster
Collateral Runs
Sebastian Infante, Federal Reserve Board
Alexandros P. Vardoulakis, Federal Reserve Board
Poster
The Profit-Credit Cycle
Björn Richter, University of Bonn
Kaspar Zimmermann, University of Bonn
Poster
Liquidity Regulation and Financial Intermediaries
Marco Macchiavelli, Federal Reserve Board
Luke Pettit, Federal Reserve Board
Poster
Unintended Consequences of Post-Crisis Liquidity Regulation
Suresh Sundaresan, Columbia Business School
Kairong Xiao, Columbia Business School
Poster
301 Moved Permanently
Last Updated 11/24/2020