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CSEF - Center for Studies in Economics and Finance

15 December 2017 – 15 December 2017
4th Conference on Bank Performance, Financial Stability and the Real Economy

8.45 - 9.00: Registration

9.00 - 9.10: Welcome: Marco Pagano (University of Naples Federico II)

9.10 - 10.20: Keynote Lecture: Atif Mian (Princeton University)
"How Do Credit Supply Shocks Affect the Real Economy? Evidence from the United States in the 1980s", joint with Amir Sufi and Emil Verner III slides

10.20 - 10.50: Coffee Break

10.50 - 11.00: Remarks: Francesco Giordano (Unicredit)

11.00 - 12.40: Session 1: Macroeconomic Impact of Credit Shocks

Chair: Vasso Ioannidou (Lancaster University)

Alberto Manconi (Bocconi University)
"Credit, Labor, and Political Unrest: Evidence from 1930s China", joint with Fabio Braggion and Haikun Zhu III slides
Discussant: Farzad Saidi (Stockholm School of Economics) III slides

Fabiano Schivardi (LUISS University and Einaudi Institute for Economics and Finance)
"Credit Misallocation During the European Financial Crisis", joint with Enrico Sette and Guido Tabellini III slides
Discussant: Neeltje Van Horen (Bank of England) III slides

12.40 - 13.40: Lunch

13.40 - 15.20: Session 2: Banking Regulation and Economic Stability

Chair: Tuomas Peltonen (European Systemic Risk Board)

Denis Gromb (HEC Paris)
“Financial Restructuring and Resolution of Banks”, joint with Jean-Edouard Colliard III slides
Discussant: Fausto Panunzi (Bocconi University) III slides

Tim Eisert (Erasmus University Rotterdam)
“The Anatomy of the Transmission of Macroprudential Policies: Evidence from Ireland”, joint with Viral Acharya, Katharina Bergant, Matteo Crosignani and Fergal McCann III slides
Discussant: Andrea Polo (Pompeu Fabra University) III slides

15.20 - 15.50: Coffee Break

15.50 - 17.30: Session 3: Bank Lending

Chair: Marco Di Maggio (Harvard Business School)

Florian Heider (European Central Bank)
“Life Below Zero: Bank Lending Under Negative Policy Rates”, joint with Farzad Saidi and Glenn Schepens III slides
Discussant: Leonardo Gambacorta (Bank for International Settlements) III slides

Geraldo Cerqueiro (Católica-Lisbon School of Business and Economics)
“Collateral Damaged? On Liquidation Value, Credit Supply and Firm Performance”, joint with Steven Ongena and Kasper Roszbach III slides
Discussant: Jean-Edouard Colliard (HEC Paris) III slides

19:30: Conference dinner

Organizers:
Anna Maria Menichini (University of Salerrno)
Tommaso Oliviero (Univ. of Naples Federico II)
Marco Pagano (University of Naples Federico II)
Giovannni Puopolo (University of Naples Federico II)
Saverio Simonelli (University of Naples Federico II)
Alberto Zazzaro (University of Naples Federico II)