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Friday, April 5
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9:00 am
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Coffee and pastries
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Corporate Debt: Taxes and Granularity
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10:00 am
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Florian Heider, European
Central Bank
Alexander Ljungqvist, New York University and NBER
As
Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from
Exogenous State Tax Changes
Discussant: Margarita Tsoutsoura, University of
Chicago
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10:50 am
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Jaewon Choi, University
of Illinois at Urbana-Champaign
Dirk Hackbarth, University of Illinois at
Urbana-Champaign
Josef Zechner, Vienna University of
Economics and Business
Granularity
of Corporate Debt
Discussant: Suresh Sundaresan, Columbia University
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11:40 am
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Break
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Private and Public Debt
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12:10 pm
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Arvind Krishnamurthy, Northwestern University and
NBER
Annette Vissing-Jorgensen, Northwestern University
and NBER
Short-Term Debt and
Financial Crises: What can we Learn from Treasury Supply
Discussant: Richard Grossman, Wesleyan University
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1:00 pm
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Lunch
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Investment and Maturity Structure of Banks
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2:00 pm
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Isil Erel, Ohio State
University
Stewart Myers, Massachusetts Institute of Technology and NBER
James Read, Brattle Group
Capital
Allocation
Discussant: Neal Stoughton, Vienna University of Economics and
Business
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2:50 pm
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Franklin Allen, University of Pennsylvania and NBER
Elena Carletti, European University Institute
Deposits
and Bank Capital Structure
Discussant: Patrick Bolton, Columbia University and NBER
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3:40 pm
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Break
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4:10 pm
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Panel on the resolution authority for financial firms and the role of bail-in
debt
Jan Pieter Krahnen, Goethe University Frankfurt
(background papers 1 and 2)
David Skeel, University of Pennsylvania (background paper)
Douglas Diamond, University of Chicago and NBER (background
paper)
Mark Flannery, University of Florida (background paper)
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5:00 pm
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Adjourn
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6:00 pm
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Dinner
Parkview Room, Royal Sonesta Hotel
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Saturday, April 6
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8:00 am
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Coffee and pastries
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Bank Capital Structure: Determinants, Regulation, and Regulatory Abuse
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9:00 am
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Konstantin Milbradt, Massachusetts Institute of
Technology
Martin Oehmke, Columbia University
Maturity
Rationing and Collective Short-Termism
Discussant: Douglas Gale, New York University
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9:50 am
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Anat Admati, Stanford
University
Peter DeMarzo, Stanford University and NBER
Martin Hellwig, Max Planck Institute
Paul Pfleiderer, Stanford University
Debt
Overhang and Capital Regulation
Discussant: Oliver Hart, Harvard University and NBER
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10:40 am
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Break
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11:10 am
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Shekhar Aiyar,
International Monetary Fund
Charles Calomiris, Columbia University and NBER
Tomasz Wieladek, Bank of England
John Hooley, Bank of England
Yevgeniya Korniyenko,
Bank of England
The
International Transmission of Bank Capital Requirements: Evidence from the UK
Discussant: Philip Strahan, Boston College and NBER
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12:00 pm
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Lunch
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Corporate Debt: New Frontiers and Evidence
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1:00 pm
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Andres Almazan, University of Texas at Austin
Adolfo de Motta, McGill University
Sheridan Titman, University of Texas at Austin and NBER
Debt,
Labor Markets and the Creation and Destruction of Firms
Discussant: Ashwini Agrawal,
New York University
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1:50 pm
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John Graham, Duke University and NBER
Mark Leary, Washington University in St. Louis
Michael Roberts, University of Pennsylvania and NBER
A
Century of Capital Structure: The Leveraging of Corporate America
Discussant: Murray Frank, University of Minnesota
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2:40 pm
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Adjourn
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