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CSEF - Center for Studies in Economics and Finance

21 March 2014 – 21 March 2014
Conference on “Bank Performance, Financial Stability and the Real Economy”

Download printable version of the program
Participants’ list

Program

8.30 – 8.45 Registration

8.45 – 9.00 Welcome address
Marco Pagano (University of Naples Federico II, CSEF and EIEF)
Franco Bruni (Bocconi University and Unicredit & Universities Foundation, Scientific Committee Chairman and Board member)

9.00 – 9.50 Keynote lecture
Franklin Allen (University of Pennsylvania) "How should banks be regulated?" - slides

9.50 – 10.10 Coffee Break

10.10 – 12.00 Session 1: Banking Regulation and Economic Stability
Chair: Jean-Charles Rochet (University Zurich)

Thien Nguyen (University of Pennsylvania) “Bank Capital Requirements: A Quantitative Analysis” - slides
Discussant: Arnoud Boot (University of Amsterdam) - slides

Xavier Freixas (Pompeu Fabra University) “Banking Competition and Stability: the Role of Leverage” (joint with K. Ma) - slides
Discussant: Elena Carletti (Bocconi University) - slides

12.00 – 13.00 Lunch

13.00 – 14.50 Session 2: Bank Leverage, Risk Exposure and Monetary Policy
Chair: Tullio Jappelli (University of Naples Federico II and CSEF)

Augustin Landier (Toulouse School of Economics) “Bank Exposure to Interest-Rate Risk and the Transmission of Monetary Policy" (joint with D. Sraer and D. Thesmar) - slides
Discussant: Andrew Ellul (Indiana University) - slides

Giovanni Dell’Ariccia (IMF)
“Bank Leverage and Monetary Policy’s Risk-Taking Channel: Evidence from the United States” (joint with L. Laeven and G. Suarez) - slides
Discussant: Hans Degryse (University of Leuven) - slides

14.50 – 15.20 Coffee break

15.20 – 17.10 Session 3: Real Effects and International Spillovers of Banks’ Sovereign Exposures
Chair: Marco Pagano (University of Naples Federico II, CSEF and EIEF)

Tim Eisert (Goethe University Frankfurt) “Real effects of the Sovereign Debt Crises in Europe: Evidence from Syndicated Loans” (joint with V. Acharya, C. Eufinger and C. Hirsch) - slides
Discussant: Daniela Fabbri (City University London) - slides

Alex Popov (ECB) “Exporting Sovereign Stress: Evidence from Syndicated Bank Lending during the Euro Area Sovereign Debt Crisis” (joint with N. van Horen) - slides
Discussant: Steven Ongena (University of Zurich) - slides