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Agenda - PDF (PDF Help)

16th Annual Bank Research Conference:

Sponsored by the Federal Deposit Insurance Corporation's Center for Financial Research and the Journal of Financial Services Research
September 8-9, 2016

Program Committee
Viral Acharya, Mark Carey, Giovanni Dell'Ariccia
Jean Helwege, George Pennacchi,
Til Schuermann, Anjan Thakor

Organizing Committee
Rosalind Bennett, Claire Brennecke, Pavel Kapinos
Troy Kravitz, Manju Puri, Jack Reidhill, Haluk Unal

The events will be held at:
L. William Seidman Center
Main Auditorium – C-3050
3501 Fairfax Drive
Arlington, Virginia 22226

Thursday, September 8, 2016

9:00 - 9:30

Registration & Continental Breakfast

9:30 - 10:30

Keynote Address:
Liquidity Requirements, Liquidity Choice and Financial Stability
Douglas Diamond, University of Chicago

10:30 - 11:00

- Break -

11:00 - 12:30

Special Session: Liquidity and Capital Regulation and their Effects on Systemic Risk
Session Chair and Discussant: Anjan Thakor, Washington University in St. Louis

Wholesale Funding Runs
Christophe Perignon, HEC Paris
David Thesmar, HEC Paris and CEPR
Guillaume Vuillemey, HEC Paris

Discretion and Systemic Risk in Credit-Line Contracts: Theory and Evidence
Maria Chaderina, WU Vienna University
Angel Tengulov, WU Vienna University

Bank Regulation Under Fire Sale Externalities
Gazi I. Kara, Board of Governors of the Federal Reserve System
S. Mehmet Ozsoy, Ozyegin University

12:30 - 1:30

- Lunch -

1:30 - 2:00

Martin Gruenberg, Chairman of the FDIC

2:00 - 3:30

Measuring and Understanding Systemic Risk
Session Chair and Discussant: Viral Acharya, New York University

Cross-Border Bank Flows and Systemic Risk
G. Andrew Karolyi, Cornell University
John Sedunov, Villanova University
Alvaro G. Taboada, University of Tennessee

Systemic Risk in Financial Markets: How Systemically Important are Insurers?
Christoph Kaserer, Technische Universitaet Muenchen
Christian Klein, Technische Universitaet Muenchen

A System-wide Approach to Measure Connectivity in the Financial Sector
Sumanta Basu, University of California Berkeley
Sreyoshi Das, University of Michigan
George Michailidis, University of Florida
Amiyatosh Purnanandam, University of Michigan

3:30 - 4:00 - Break -
4:00 - 5:00

Bank Funding Decisions
Session Chair and Discussant: George Pennacchi, University of Illinois

The Effect of Monetary Policy on Bank Wholesale Funding
Dong Beom Choi, Federal Reserve Bank of New York
Hyun-Soo Choi, Singapore Management University

Why Hire Your Rival? The Case of Bank Debt Underwriting
David A. Becher, Drexel University
Rachel E. Gordon, University of Missouri
Jennifer L. Juergens, U.S. Securities and Exchange Commission

Friday, September 9, 2016
8:00 - 8:30 - Continental Breakfast -
8:30 - 10:00

Session Chair and Discussant: Jean Helwege, University of California, Riverside

The Informativeness of Discretionary LLPs During the Financial Crisis
Paul Beck, University of Southern Mississippi
Zhenhua Chen, Tulane University
Bin Li, University of Texas at Dallas
Gans Narayanamoorthy, Tulane University

A Reexamination of Contingent Convertibles with Stock Price Triggers
George Pennacchi, University of Illinois
Alexei Tchistyi, University of Illinois

Bank Response to Higher Capital Requirements: Evidence from a Natural Experiment
Reint Gropp, Halle Institute for Economic Research and University of Magdeburg
Thomas Mosk, Goethe University
Steven Ongena, University of Zurich
Carlo Wix, Goethe University

10:00 - 10:30 - Break -
10:30 - 12:00

Session Chair and Discussant: Mark Carey, Federal Reserve Board

Foreign Investment, Regulatory Arbitrage and the Risk of U.S. Financial Institutions
W. Scott Frame, Federal Reserve Bank of Atlanta
Atanas Mihov, Federal Reserve Bank of Richmond
Leandro Sanz, Federal Reserve Bank of Richmond

Multinational Banks and Supranational Supervision
Giacamo Calzolari, University of Bologna and CEPR
Jean-Edouard Colliard, HEC Paris
Gyongyi Loranth, University of Vienna and CEPR

The Impact of Supervision on Bank Performance
Beverly Hirtle, Federal Reserve Bank of New York
Anna Kovner, Federal Reserve Bank of New York
Matthew Plosser, Federal Reserve Bank of New York

12:00 - 1:00 - Lunch -
1:00 - 2:30

Bank Lending
Session Chair and Discussant: Giovanni Dell'Ariccia, International Monetary Fund

The Effects of Informational Frictions on Credit Reallocation
Olivier Darmouni, Princeton University

Some Borrowers are More Equal than Others: Bank Funding Shocks and Credit Reallocation
Olivier De Jonghe, Tilburg University
Hans Dewachter, National Bank of Belgium
Klaas Mulier, Ghent University
Steven Ongena, University of Zurich
Glenn Schepens, European Central Bank

Information Sharing and Lender Scope: Evidence from the U.S. Commercial Lending Market
Jose Liberti, Northwestern University and DePaul University
Jason Sturgess, DePaul University
Andrew Sutherland, Massachusetts Institute of Technology

2:30 - 2:45 - Break -
2:45 - 3:45

Central Bank Asset Purchases and the Effect on Bank Credit Formation
Session Chair and Discussant: Til Schuermann, Oliver Wyman

Enhancing Loan Quality through Transparency: Evidence from the European Central Bank Loan Level Reporting Initiative
Aytekin Ertan, London Business School
Maria Loumioti, Massachusetts Institute of Technology
Regina Wittenberg-Moerman, University of Southern California

Monetary Stimulus and Bank Lending
Indraneel Chakraborty, University of Miami, Coral Gables
Itay Goldstein, University of Pennsylvania
Andrew MacKinlay, Virginia Tech

3:45 - Adjournment -

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