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 of Governors
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 of Governors
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.