Conference presentations will take place in Steinberg Hall – Dietrich Hall (SHDH) room 350, located at 3620 Locust Walk. The reception and dinner will take place in Huntsman Hall on the 8th floor, located at 3730 Walnut St.
FRIDAY
|
|
| 8:30 – 9:30am | Breakfast |
| 9:30am – 12:00pm | Session 1: New Perspectives on Bank Fragility Chair: Joao Gomes (Wharton) |
| Survival of the Biggest: Large Banks and Financial Crises Matthew Baron (Cornell Johnson), Moritz Schularick (Kiel Institute), Kaspar Zimmermann (Leibniz Institute for Financial Research SAFE) Discussant: Adi Sunderam (Harvard Business School) |
|
| Social Media as a Bank Run Catalyst Anthony Cookson (University of Colorado Boulder), Corbin Fox (James Madison University), Javier Gil-Bazo (Universitat Pompeu Fabra), Juan Filipe Imbet (Université Paris Dauphine), Chris Schiller (Arizona State University) Discussant: Jennifer Dlugosz (Federal Reserve Board) |
|
| Bank Fragility when Depositors are the Asset Valentin Haddad (UCLA), Barney Hartman-Glaser (UCLA), Tyler Muir (UCLA) Discussant: Gregor Matvos (Northwestern Kellogg) |
|
| 12:00 – 1:00pm | Lunch |
| 1:00 – 2:40pm | Session 2: Policies for Financial Stability Chair: Jane Li (Columbia Business School) |
| Preventing Runs with Redemption Fees Xuesong Huang (Sun Yat-sen University), Todd Keister (Rutgers University) Discussant: Cecilia Parlatore (NYU Stern) |
|
| Smooth Versus Harsh Regulatory Interventions and Policy Equivalence Linda Schilling (Olin Business School) Discussant: Elu von Thadden (University of Mannheim) |
|
| 2:40 – 3:00pm | Break |
| 3:00 – 4:40pm | Session 3: Liquidity Creation and the Real Economy Chair: Urban Jermann (Wharton) |
| Endogenous Liquidity and Capital Reallocation Wei Cui (University College London), Randy Wright (University of Wisconsin-Madison), Yu Zhu (Bank of Canada) Discussant: Vish Visvanathan (Duke Fuqua) |
|
| Canary in the Coal Mine: Bank Liquidity Shortages and Local Economic Activity Rajkamal Iyer (Imperial College), Shohini Kundu (UCLA Anderson), Nikos Paltalidis (Durham University Business School) Discussant: Alexi Savov (NYU Stern) |
|
| 5:00 – 6:00pm | Reception |
| 6:00 – 8:00pm | Dinner – Keynote Speaker: Thomas Philippon (NYU Stern) |
SATURDAY
|
|
| 8:00 – 9:00am | Breakfast |
| 9:00 – 10:40am | Session 4: Deposit Insurance and Uninsured Depositors Chair: Maryam Farboodi (MIT Sloan) |
| The Fundamental Role of Uninsured Depositors in the Regional Banking Crisis Briana Chang (University of Wisconsin-Madison), Ing-Haw Cheng (University of Toronto), Harrison Hong (Columbia University) Discussant: Viral Acharya (NYU Stern) |
|
| Bailing out (Firms’) Uninsured Deposits: A Quantitative Analysis Aaron Pancost (University of Texas at Austin), Roberto Robatto (University of Wisconsin-Madison) Discussant: Eduardo Davila (Yale) |
|
| 10:40 – 11:00am | Break |
| 11:00am – 12:40pm | Session 5: Money and Speculation Chair: Burton Hollifield (Carnegie Mellon University) |
| When Money Dies: The Dynamics of Speculative Hyperinflations Guillaume Rocheteau (University of California, Irvine) Discussant: Quentin Vandeweyer (Chicago Booth) |
|
| Leverage and Stablecoin Pegs Gary Gorton (Yale SOM), Elizabeth Klee (Federal Reserve Board), Chase Ross (Federal Reserve Board), Sharon Ross (Federal Reserve Board), Alexandros Vardoulakis (Federal Reserve Board) Discussant: Christine Parlour (Berkeley Haas) |
|
| 12:40 – 1:30pm | Lunch |
| 1:30 – 4:00pm | Session 6: Monetary Policy and the Financial Sector Chair: Amy Wang Huber (Wharton) |
| Monetary Policy Operations: Theory, Evidence, and Tools for Quantitative Analysis Ricardo Lagos (New York University), Gaston Navarro (Federal Reserve Board) Discussant: Annette Vissing-Jorgensen (Federal Reserve Board) |
|
| Monetary Policy and Fragility in Corporate Bond Funds John Kuong (INSEAD), James O’Donovan (City University of Hong Kong), Jinyuan Zhang (UCLA Anderson) Discussant: Yiming Ma (Columbia Business School) |
|
| The Zero-Beta Interest Rate Sebastian Di Tella (Stanford University), Benjamin Hébert (Stanford University), Pablo Kurlat (USC), Qitong Wang (USC) Discussant: Nikolai Roussanov (Wharton) |
|
| 4:00pm | Adjourn |
Organizing Committee
- Vincent Glode (Wharton)
- Itay Goldstein (Wharton)
- Guillermo Ordonez (Department of Economics)
- Yao Zeng (Wharton)