SI 2020 Risks of Financial Institutions

Mark Carey and René M. Stulz, Organizers

July 8, 2020

on Zoom.us

Conference Code of Conduct

Wednesday, July 8
FORMAT: 20 minutes for authors, 15 for discussants, and 10 for general discussion.
Attendees should use the Raise-Hand function for questions.
10:15 am
Welcome
10:30 am

Bank Heterogeneity and Financial Stability (slides)
Discussant: Franklin Allen, Imperial College London (slides)
11:15 am

Trust and Insurance Contracts (slides)
Discussant: Paola Sapienza, Stanford University and NBER
12:00 pm
Break
Accelerated Covid-19 Session:
12:15 pm

Banks as Lenders of First Resort: Evidence from the COVID-19 Crisis

When Selling Becomes Viral: Disruptions in Debt Markets in the COVID-19 Crisis and the Fed's Response
Discussant: Gary B. Gorton, Yale University and NBER (slides)
1:30 pm
Break
1:45 pm
Claudia Buch, Deutsche Bundesbank
Discussion of FSB report on too-big-to-fail
2:00 pm

Commonality in Credit Spread Changes: Dealer Inventory and Intermediary Distress (slides)
Discussant: Pierre Collin-Dufresne, École Polytechnique Fédérale de Lausanne (EPFL) (slides)
2:45 pm

Too Big to Diversify: A Stress Test on Collateralized Loan Obligations (slides)
Discussant: Darrell Duffie, Stanford University and NBER (slides)
3:30 pm

Cyber Risk and the U.S. Financial System: A Pre-Mortem Analysis
Discussant: Anil K Kashyap, University of Chicago and NBER (slides)
4:15 pm
Adjourn
Tuesday, July 14
12:00 pm

Does Increasing Formal Credit Access Reduce Payday Borrowing? (slides)
Discussant: Christopher Palmer, Massachusetts Institute of Technology and NBER (slides)
12:50 pm

Mortgage Amortization and Wealth Accumulation (slides)
Discussant: Anthony A. DeFusco, University of Wisconsin - Madison and NBER
1:40 pm
Break
2:00 pm

Rents and Intangible Capital: a Q+ Framework (slides)
Discussant: David Sraer, University of California, Berkeley and NBER (slides)
2:50 pm

The Decline of Secured Debt (slides)
Discussant: Philip Strahan, Boston College and NBER
3:45 pm
Adjourn