SI 2018 Risks of Financial Institutions

Mark Carey and René M. Stulz, Organizers

July 10, 2018

Charles Room

Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA

Conference Code of Conduct

Tuesday, July 10
7:45 am
Coffee and Pastries
8:15 am
Anna Kovner, Federal Reserve Bank of Richmond
Peter Van Tassel

Regulatory Changes and the Cost of Capital for Banks
Discussant: Charles W. Calomiris, Columbia University and NBER
9:05 am
Edd Denbee, Bank of England
Christian Julliard, London School of Economics
Ye Li, University of Washington
Kathy Yuan, London School of Economics

Network Risk and Key Players: A Structural Analysis of Interbank Liquidity
Discussant: Antoine Martin, Federal Reserve Bank of New York
9:55 am
Break
10:10 am
Elena Carletti, Bocconi University
Itay Goldstein, University of Pennsylvania and NBER
Agnese Leonello, European Central Bank

The Interdependence of Bank Capital and Liquidity (slides)
Discussant: Hyun Song Shin, Bank for International Settlements
11:00 am
Mathias Dewatripont, Université Libre de Bruxelles
Jean Tirole, Toulouse School of Economics

Liquidity Regulation, Bail-ins and Bailouts
Discussant: Douglas W. Diamond, University of Chicago and NBER
11:50 am
Lunch
Afternoon Session Joint with Corporate Finance in the Ballroom
12:45 pm
Ben S. Meiselman, Department of the Treasury
Stefan Nagel, University of Chicago and NBER
Amiyatosh Purnanandam, University of Michigan

Judging Banks’ Risk by the Profits They Report
Discussant: David Sraer, University of California, Berkeley and NBER
1:35 pm
Juliane Begenau, Stanford University and NBER
Erik Stafford, Harvard University

Do Banks have an Edge?
Discussant: Itamar Drechsler, University of Pennsylvania and NBER
2:25 pm
Break
2:40 pm
Puriya Abbassi, Deutsche Bundesbank
Rajkamal Iyer, Imperial College London
José-Luis Peydró, Universitat Pompeu Fabra
Paul Soto, Federal Reserve Board

Dressing up for the Regulators: Evidence from the Largest-Ever Supervisory Review
Discussant: Jeremy C. Stein, Harvard University and NBER
3:30 pm
Viral V. Acharya, New York University and NBER
Katharina Bergant, International Monetary Fund
Matteo Crosignani, Federal Reserve Bank of New York
Tim Eisert, Nova School of Business and Economics
Fergal J. McCann, Central Bank of Ireland

The Anatomy of the Transmission of Macroprudential Policies
Discussant: Adam Guren, Boston University and NBER
4:20 pm
Adjourn
The Feldstein Lecture follows at 4:30 in the West Tower Ballroom
Wednesday, July 11
Financial Crisis@10 - West Tower, Ballroom, 2nd floor