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Monday, July 18
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12:00 pm
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Lunch
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1:00 pm
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Credit Fire Sales: Captive Lending as Liquidity in Distress
Matteo Benetton, University of California, Berkeley
Sergio Mayordomo, Banco de España
Daniel Paravisini, London School of Economics
Discussant:
Christopher Palmer, Massachusetts Institute of Technology and NBER
( slides)
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1:50 pm
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Take It to the Limit? The Economic Effects of Leverage Caps
Rustom Irani, University of Illinois at Urbana-Champaign
Jose-Luis Peydro, Universitat Pompeu Fabra
Marc Gabarro, University of Mannheim
Sjoerd van Bekkum, Erasmus University
Discussant:
Paul S. Willen, Federal Reserve Bank of Boston and NBER
( slides)
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2:40 pm
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Break
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2:55 pm
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Resolving Financial Distress Where Property Rights Are Not Clearly Defined: The Case Of China
Julian Franks, London Business School
Meng Miao, Renmin University of China
Oren Sussman, University of Oxford
Discussant:
Chang-Tai Hsieh, University of Chicago and NBER
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3:45 pm
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The Savings of Corporate Giants
Olivier Darmouni, Columbia University
Lira Mota, Massachusetts Institute of Technology
Discussant:
Toni Whited, University of Michigan and NBER
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4:35 pm
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Adjourn
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Tuesday, July 19
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12:00 pm
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Lunch
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1:00 pm
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A p Theory of Government Debt and Taxes
(slides)
Wei Jiang, Hong Kong University of Science and Technology
Thomas J. Sargent, New York University and NBER
Neng Wang, Dean Cheung Kong Graduate School of Business
Jinqiang Yang, Shanghai University of Finance and Economics
Discussant:
Narayana R. Kocherlakota, University of Rochester and NBER
( slides)
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1:50 pm
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Risk-Taking and Monetary Policy Transmission: Evidence from Loans to SMEs and Large Firms
(slides)
Cecilia R. Caglio, Federal Reserve Board of Governors
Matthew Darst, Federal Reserve Board of Governors
Ṣebnem Kalemli-Özcan, Brown University and NBER
Discussant:
Thomas Winberry, University of Pennsylvania and NBER
( slides)
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2:40 pm
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Break
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2:55 pm
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Collateral Framework: Liquidity Premia and Multiple Equilibria
(slides)
Yvan Lengwiler, University of Basel
Athanasios Orphanides, Massachusetts Institute of Technology
Discussant:
Jeremy C. Stein, Harvard University and NBER
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3:45 pm
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International Capital Markets and Wealth Transfers
Magnus Dahlquist, Stockholm School of Economics
Christian Heyerdahl-Larsen, BI - Norwegian Business School
Anna Pavlova, London Business School
Julien Pénasse, University of Luxembourg
Discussant:
Maxime Sauzet, Boston University
( slides)
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4:35 pm
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Adjourn
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Wednesday, July 20
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12:00 pm
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Lunch
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1:00 pm
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Constrained-Efficient Capital Reallocation
Andrea Lanteri, Duke University
Adriano A. Rampini, Duke University and NBER
Discussant:
Pablo Kurlat, University of Southern California and NBER
( slides)
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1:50 pm
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The Flow Approach to Credit Markets: Methodology, Measurements, and Macro Perspectives
Yasser Boualam, University of Pennsylvania
Clement Mazet-Sonilhac, Sciences-Po Paris
Discussant:
Victoria Ivashina, Harvard University and NBER
( slides)
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2:45 pm
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Break
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2:55 pm
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Cross-Sectional Financial Conditions, Business Cycles and The Lending Channel
(slides)
Thiago R. T. Ferreira, Federal Reserve Board of Governors
Discussant:
Nicolas Crouzet, Northwestern University
( slides)
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3:45 pm
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Information Acquisition and Pre-announcement Drift
(slides)
Hengjie Ai, University of Wisconsin - Madison
Ravi Bansal, Duke University and NBER
Leyla Jianyu Han, Boston University
Discussant:
Benjamin M. Hébert, Stanford University and NBER
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4:35 pm
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Adjourn
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