Friday, September 20
8:00 am
Breakfast
8:20 am
Opening Remarks
8:30 am

The Central Bank’s Balance Sheet and Treasury Market Disruptions

Adrien d'Avernas, Stockholm School of Economics
Quentin Vandeweyer, University of Chicago

Discussant:
Egemen Eren, Bank for International Settlements
9:30 am
Break
9:45 am

Interdealer Price Dispersion and Intermediation Capacity

Andrea L. Eisfeldt, University of California, Los Angeles and NBER
Bernard Herskovic, University of California, Los Angeles and NBER
Shuo Liu, Tsinghua University, School of Economics and Management

Discussant:
Burton Hollifield, Carnegie Mellon University
10:45 am
Break
11:00 am

Granular Treasury Demand with Arbitrageurs

Kristy A.E. Jansen, University of Southern California
Wenhao Li, University of Southern California
Lukas Schmid, University of Southern California

Discussant:
Viral V. Acharya, New York University and NBER
12:00 pm
Lunch
1:00 pm

Financial Linkages and Stability via Tax Havens

Matteo Maggiori, Stanford University and NBER
Jesse Schreger, Columbia University and NBER

Discussant:
Natasha Sarin, Yale University
2:00 pm
Break
2:15 pm

Banking on Uninsured Deposits

Itamar Drechsler, University of Pennsylvania and NBER
Alexi Savov, New York University and NBER
Philipp Schnabl, New York University and NBER
Olivier Wang, New York University

Discussant:
René M. Stulz, The Ohio State University and NBER
(The discussant's presentation will be available to in-person participants only)
3:15 pm

Does Loan Securitization Expose Borrowers to Non-Bank Investor Shocks?

Abhishek Bhardwaj, Tulane University
Shan Ge, New York University
Saptarshi Mukherjee, Northeastern University

Discussant:
Tomasz Piskorski, Columbia University and NBER
4:15 pm
Closing Remarks
4:30 pm
Adjourn