SI 2022 Risks of Financial Institutions

Mark Carey and René M. Stulz, Organizers

July 12-13, 2022

Charles Room AB

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

Conference Code of Conduct

Tuesday, July 12
12:00 pm
Lunch
Afternoon session joint with Corporate Finance, Ballroom A
1:10 pm

Open Banking: Credit Market Competition When Borrowers Own the Data (slides)
Discussant: Marcus Opp, Stockholm School of Economics (slides)
2:00 pm

Customer Data Access and Fintech Entry: Early Evidence from Open Banking
Discussant: Theresa Kuchler, New York University and NBER
2:50 pm
Break
3:20 pm

Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels
Discussant: Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER
4:10 pm

Bank Funding Risk, Reference Rates, and Credit Supply (slides)
Discussant: Anil K Kashyap, University of Chicago and NBER
5:00 pm
Adjourn
Wednesday, July 13
9:00 am
Coffee and Pastries
9:30 am

The Externalities of Fire Sales: Evidence from Collateralized Loan Obligations
Discussant: Victoria Ivashina, Harvard University and NBER
10:20 am

How Fragile Are Loan Mutual Funds?
Discussant: Yiming Ma, Columbia University and NBER
11:10 am
Break
11:30 am

Liquidity, Liquidity Everywhere, Not a Drop To Use: Why Flooding Banks With Central Bank Reserves May Not Expand Liquidity
Discussant: Jeremy C. Stein, Harvard University and NBER
12:20 pm
Lunch
1:20 pm
Funding Risks

Repo Over the Financial Crisis

Unintended Consequences of Holding Dollar Assets

LTCM Redux? Hedge Fund Treasury Trading and Funding Fragility
Discussant: Simon Potter, Millennium
2:40 pm
Break
3:05 pm

Hedging, Contract Enforceability and Competition
Discussant: Shan Ge, New York University
3:55 pm

Carbon Emissions and the Bank-Lending Channel
Discussant: Michael R. Roberts, University of Pennsylvania and NBER
4:45 pm
Adjourn