Tuesday, July 13
Today's meeting will be held jointly with the Corporate Finance group
1:30 pm

SPACs

Minmo Gahng, Cornell University
Jay Ritter, University of Florida
Donghang Zhang, University of South Carolina

Discussant:
S. P. Kothari, Massachusetts Institute of Technology (slides)
2:20 pm

Leverage Limits in Good and Bad Times

Cynthia Balloch, London School of Economics
Juanita Gonzalez-Uribe, London School of Economics

Discussant:
Isil Erel, The Ohio State University and NBER
3:40 pm

Trade Credit and the Transmission of Unconventional Monetary Policy

Manuel Adelino, Duke University and NBER
Miguel A. Ferreira, Nova School of Business and Economics
Mariassunta Giannetti, Stockholm School of Economics
Pedro Pires, Nova School of Business and Economics

Discussant:
Luc Laeven, European Central Bank
4:30 pm

Let the Worst One Fail: A Credible Solution to the Too-Big-To-Fail Conundrum

Thomas Philippon, New York University and NBER
Olivier Wang, New York University

Discussant:
Jeremy C. Stein, Harvard University and NBER
5:20 pm
Adjourn
Wednesday, July 14
10:00 am
Opening Remarks
10:15 am

The Carrot and the Stick: Bank Bailouts and the Disciplining Role of Board Appointments

Christian Mucke, SAFE Goethe University Frankfurt
Loriana Pelizzon, SAFE/Goethe University Frankfurt
Vincenzo Pezone, Tilburg University
Anjan Thakor, Washington University in St Louis

Discussant:
Ross Levine, Stanford University and NBER
11:00 am

Banking on Carbon: Corporate Lending and Cap-and-Trade Policy

Ivan T. Ivanov, Federal Reserve Bank of Chicago
Mathias Kruttli, Indiana University
Sumudu W. Watugala, Indiana University

Discussant:
Patrick Bolton, Columbia University
11:45 am

The Rising Tide Lifts Some Interest Rates: Climate Change, Natural Disasters, and Loan Pricing

Ricardo Correa, Federal Reserve Board of Governors
Ai He, University of South Carolina
Christoph Herpfer, University of Virginia, Darden School
Ugur Lel, University of Georgia

Discussant:
Victoria Ivashina, Harvard University and NBER
12:30 pm
Break
12:45 pm
Roundtable on Risk Management of Climate Risk at Financial Institutions
John Cochrane, Hoover Institution and NBER
Robert Engle, New York University and NBER
Robert Litterman, Kepos Capital
Kevin Stiroh, Federal Reserve Board
1:45 pm

Counterparty Choice, Bank Interconnectedness, and Systemic Risk

Andrew Ellul, Indiana University
Dasol Kim, Department of the Treasury

Discussant:
Darrell Duffie, Stanford University and NBER
2:30 pm

Granular Credit Risk

Sigurd Galaasen, Bank of Norway
Rustam Jamilov, All Souls College
Ragnar Juelsrud, Norges Bank
Hélène Rey, London Business School and NBER

Discussant:
Ralph S. J. Koijen, University of Chicago and NBER
3:15 pm
Break
3:30 pm

Investing in Crises

Matthew Baron, Cornell University
Luc Laeven, European Central Bank
Julien Pénasse, University of Luxembourg
Yevhenii Usenko, Massachusetts Institute of Technology

Discussant:
Andrew Metrick, Yale University and NBER
4:15 pm

CLO Performance

Larry Cordell, Federal Reserve Bank of Philadelphia
Michael R. Roberts, University of Pennsylvania and NBER
Michael Schwert, AQR Arbitrage

Discussant:
Christopher James, University of Florida
5:00 pm
Adjourn