28th NBER-TCER-CEPR Conference

Shin-ichi Fukuda, Kenichi Ueda, Takeo Hoshi, and Franklin Allen, Organizers

July 27, 2019


Venue: University of Tokyo

Kojima Conference Room, Kojima Hall Bldg. 2F, Department of Economics, 7-3-1 Hongo, Bunkyo-ku, Tokyo, Japan

Conference Code of Conduct

Friday, July 26
7:00 pm
Welcome Dinner
Nogizaka Club, 7-2-3 Roppongi, Minato-ku, Tokyo
Saturday, July 27
 FORMAT: Speaker 30 minutes, Discussant 10 minutes, Floor Discussion 10 minutes
Theme: Financial System
Chair: Kenichi Ueda, University of Tokyo
9:00 am
Andreas Lehnert, Federal Reserve Board
Michael Barr, University of Michigan
Neel Kashkari, Federal Reserve Bank of Minneapolis
Phillip Swagel, American Enterprise Institute

Inside the U.S. Strategy for Fighting the 2007-2009 Global Financial Crisis
Discussant: Shigenori Shiratsuka, Keio University
9:50 am
Eugenio M. Cerutti, International Monetary Fund

U.S. vs. Euro Area: Who Drives Cross-Border Bank Lending to EMs?
Discussant: Junko Koeda, Waseda University
10:40 am
Coffee Break
Chair: Shin-ichi Fukuda, University of Tokyo
10:50 am
Arantxa Jarque, Federal Reserve Bank of Richmond
Edward S. Prescott, Federal Reserve Bank of Cleveland

Banker Compensation, Relative Performance, and Bank Risk
Discussant: Ryo Kato, University of Tokyo
11:40 am
Yoshiaki Ogura, Waseda University

Search for Yield under Prolonged Monetary Easing and Aging (slides)
Discussant: Ying Xu, Australian National University
12:30 pm
Lunch
Chair: Takeo Hoshi, Stanford University and NBER
1:40 pm
Rodney Ramcharan, University of Southern California
Stefan Gissler, Federal Reserve Board
Edison Yu, Federal Reserve Bank of Philadelphia

The Effects of Competition in Consumer Credit Markets
Discussant: Hiroshi Fujiki, Chuo University
2:30 pm
Kenichi Ueda, University of Tokyo, CEPR, and TCER
Somnath Sharma, University of Tokyo and Reserve Bank of India

Listing Advantages Around the World (slides)
Discussant: Yishay Yafeh, Hebrew University
3:20 pm
Renee Adams, University of Oxford
Brad Barber, University of California at Davis
Terrance Odean, University of California at Berkeley

Values in Finance (slides)
Discussant: Iichiro Uesugi, Hitotsubashi University
4:10 pm
Coffee Break
Chair: Yishay Yafeh, Hebrew University
4:20 pm
Yukihiro Yasuda, Hitotsubashi University
Joseph French, University of Northern Colorado
Ryosuke Fujitani, Hitotsubashi University

Stock Market Listing, Investment, and Business Groups: How Firm Structure Impacts Investment? (slides)
Discussant: Kaoru Hosono, Gakushuin University
5:10 pm
Jennifer Corbett, Australian National University
Ying Xu, Australian National University

Using Network Method to Measure Financial Interconnection
Discussant: Daisuke Miyakawa, Waseda University
6:00 pm
Adjourn
6:45 pm
Dinner
Shunpu Banri
9th Floor, Tokyo Dome City LaQua
1-1-1 Kasuga, Bunkyo-ku, Tokyo

Emergency Contact in Tokyo:
Ms. Kimiko Tanaka (kimiko@e.u-tokyo.ac.jp)

Sponsors: Center for Economic Policy Research (CEPR), National Bureau of Economic Research (NBER), and Tokyo Center for Economic Research (TCER).
Co-Sponsors: The Center for Advanced Research in Finance (CARF), Center for International Research on the Japanese Economy (CIRJE), and the Research Institute of Capital Formation (RICF), Development Bank of Japan.