Tuesday, July 9
12:00 pm
Lunch
Afternoon Joint with Corporate Finance in Ballroom A
1:00 pm

A Dynamic Theory of Lending Standards

Michael Fishman, Northwestern University
Jonathan A. Parker, Massachusetts Institute of Technology and NBER
Ludwig Straub, Harvard University and NBER

Discussant:
Robert Marquez, University of California at Davis
1:50 pm

Loan Types and the Bank Lending Channel

Victoria Ivashina, Harvard University and NBER
Luc Laeven, European Central Bank
Enrique Moral-Benito, Bank of Spain

Discussant:
Daniel Paravisini, London School of Economics and Political Science (LSE)
2:40 pm
Break
3:10 pm

Is There a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms

Carlo Altavilla, European Central Bank
Lorenzo Burlon, European Central Bank
Mariassunta Giannetti, Stockholm School of Economics
Sarah Holton, European Central Bank

Discussant:
Gabriel Chodorow-Reich, Harvard University and NBER
4:00 pm

On the Scale of Financial Intermediaries (slides)

Tobias Adrian, International Monetary Fund
Nina Boyarchenko, Federal Reserve Bank of New York
Hyun Song Shin, Bank for International Settlements

Discussant:
David S. Scharfstein, Harvard University and NBER
4:50 pm
Adjourn
Wednesday, July 10
8:00 am
Coffee and Pastries
8:30 am

Testing the Effectiveness of Consumer Financial Disclosure: Experimental Evidence from Savings Accounts

Paul D. Adams, Innovations for Poverty Action
Stefan Hunt, Keystone Strategy
Christopher Palmer, Massachusetts Institute of Technology and NBER
Redis Zaliauskas, Lloyds Banking Group

Discussant:
Adair Morse, University of California, Berkeley and NBER
9:20 am

The Aggregate Demand for Bank Capital

Milton Harris, University of Chicago
Christian C. Opp, University of Rochester and NBER
Marcus Opp, Stockholm School of Economics

Discussant:
Bengt R. Holmström, Massachusetts Institute of Technology and NBER
10:10 am
Break
10:35 am

Designing Stress Scenarios

Cecilia Parlatore, New York University and NBER
Thomas Philippon, New York University and NBER

Discussant:
Til Schuermann, Oliver Wyman
11:25 am
Fast Session

Regulators' Disclosure Decisions: Evidence from Bank Enforcement Actions

Anya V. Kleymenova, Board of Governors of the Federal Reserve System
Rimmy E. Tomy, University of Chicago

Causal Impact of Risk Oversight Functions on Bank Risk: Evidence from a Natural Experiment

Joseph G. Haubrich, Federal Reserve Bank of Cleveland

Unintended Consequences of Post-crisis Liquidity Regulation

Suresh Sundaresan, Columbia University
Kairong Xiao, Columbia University and NBER
12:15 pm
Lunch
1:15 pm

Reflexivity in Credit Markets

Robin Greenwood, Harvard University and NBER
Samuel Hanson, Harvard University and NBER
Lawrence J. Jin, Cornell University and NBER

Discussant:
Raghuram Rajan, University of Chicago and NBER
2:10 pm

Foreseen Risks

João F. Gomes, University of Pennsylvania
Marco Grotteria, London Business School
Jessica Wachter, University of Pennsylvania and NBER

Discussant:
Juliane Begenau, Stanford University and NBER
3:00 pm
Break
3:25 pm

The Effects of the Volcker Rule on Corporate Bond Trading: Evidence from the Underwriting Exemption

Meraj Allahrakha, Office of Financial Research
Jill Cetina, Federal Reserve Bank of Dallas
Benjamin K. Munyan, Vanderbilt University
Sumudu W. Watugala, Indiana University

Discussant:
Paul H. Schultz, University of Notre Dame
4:15 pm

Funding Liquidity and Market Liquidity: the Broker-Dealer Perspective

Marco Macchiavelli, University of Massachusetts, Amherst
Xing Zhou, Southern Methodist University

Discussant:
Andrew Metrick, Yale University and NBER
5:05 pm
Adjourn
6:00 pm
Clambake at the Royal Sonesta Hotel