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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.


SI 2014 Risks of Financial Institutions


Mark Carey and René Stulz, Organizers


July 8-9, 2014


Ballroom A

Royal Sonesta Hotel

40 Edwin H. Land Boulevard

Cambridge, Massachusetts


PRELIMINARY PROGRAM

 

Tuesday, July 8:


12:00 n


Lunch

Joint Session with Corporate Finance Group


1:00 pm



Milton Harris, University of Chicago
Christian Opp, University of Pennsylvania
Marcus Opp, University of California at Berkeley
Higher Capital Requirements, Safer Banks? Macroprudential Regulation in a Competitive Financial System

Discussant: Jeremy Stein, Federal Reserve Board


1:50 pm

Markus Behn, Bonn Graduate School of Economics
Rainer Haselmann, Bonn Graduate School of Economics
Vikrant Vig, London Business School
The Limits of Model Based Regulation

Discussant: Johannes Stroebel, New York University


2:40 pm

Break


3:00 pm

Ralph Koijen, London Business School
Motohiro Yogo, Federal Reserve Bank of Minneapolis
Shadow Insurance

Discussant: Andrew Metrick, Yale University and NBER


3:50 pm

Oliver Hart, Harvard University and NBER
Luigi Zingales, University of Chicago and NBER
Banks Are Where The Liquidity Is

Discussant: Rene Stulz, Ohio State University and NBER


4:40 pm

Adjourn


Wednesday, July 9:


8:00 am

Coffee and Pastries


8:30 am


Charles Calomiris, Columbia University and NBER
Mark Carlson, Federa Reserve Board
Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s

Discussant:  Philip Strahan, Boston College and NBER


9:25 am


Efraim Benmelech, Northwestern University and NBER
Rodney Ramcharan, Federal Reserve Board
Ralf Meisenzahl, Board of Governors of the Federal Reserve System

Liquidity, Non-Bank Credit and the Financial Crisis: Evidence from Automobiles

Discussant:  Philipp Schnabl, New York University and NBER


10:15 am

Break


10:40 am


Robert Merton, MIT and NBER
Zoe Tsesmelidakis, University of Oxford
The Value of Implicit Guarantees

Discussant:  Charles Himmelberg, Goldman Sachs


11:30 am


Joao Granja, MIT
Gregor Matvos, University of Chicago and NBER
Amit Seru, University of Chicago and NBER
Selling Failed Banks

Discussant:  Christopher James, University of Florida


12:20 pm

Lunch


1:20 pm

Darrell Duffie, Stanford University and NBER
Martin Scheicher, European Systemic Risk Board
Guillaume Vuillemey, Sciences-Po Paris
Central Clearing and Collateral Demand

Discussant:  Gary Gorton, Yale University and NBER


2:10 pm


Sergey Chernenko, Ohio State University
Samuel Hanson, Harvard University and NBER
Adi Sunderam, Harvard University and NBER
The Rise and Fall of Securitization

Discussant:  Manuel Adelino, Duke University


3:00 pm

Break


3:20 pm


Massimiliano Caporin, University of Padua
Loriana Pelizzon, Ca' Foscari Univesity of Venice
Francesco Ravazzolo, Norges Bank
Roberto Rigobon, MIT and NBER
Measuring Sovereign Contagion in Europe

Discussant:  Marcel Fratzscher, DIW Berlin


4:10 pm

Thomas Philippon, New York University and NBER
Miguel de Faria e Castro, New York University
Joseba Melchor Martinez, New York University
Runs versus Lemons: Fiscal Capacity and Financial Stability

Discussant:  Harald Uhlig, University of Chicago and NBER


5:00 pm

Adjourn

6:00 pm

Clambake - Royal Sonesta Hotel, 40 Edwin H. Land Boulevard, Cambridge, MA