Conference presentations will take place in Steinberg Hall – Dietrich Hall (SHDH) room 351, 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
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| 8:30 – 9:30am | Breakfast |
| 9:30am – 12:00pm | Session 1: Depositor Behavior and Bank Runs Chair: Joao Gomes (University of Pennsylvania) |
| The Dynamics of Deposit Flightiness and its Impact on Financial Stability Kristian Blickle (NY Fed), Jian Li (Columbia), Xu Lu (University of Washington), and Yiming Ma (Columbia) Discussant: Olivier Wang (NYU) |
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| Tracing Bank Runs in Real Time Marco Cipriani (NY Fed), Thomas Eisenbach (NY Fed), and Anna Kovner (Richmond Fed) Discussant: Cecilia Parlatore (NYU) |
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| Two Centuries of Systemic Bank Runs Rustam Jamilov (Oxford), Tobias König (Bonn), Karsten Müller (National University of Singapore), and Farzad Saidi (Bonn) Discussant: Anil Kashyap (University of Chicago) |
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| 12:00 – 1:00pm | Lunch |
| 1:00 – 2:40pm | Session 2: Public Debt Chair: Roc Armenter (Federal Reserve Bank of Philadelphia) |
| The Macroeconomics of Liquidity in Financial Intermediation Davide Porcellacchia (ECB) and Kevin Sheedy (LSE) Discussant: Xavier Vives (University of Navarra) |
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| Public Debt Bubbles, Liquidity, and Risk: Policy Assessments Based on the Zero-Beta Interest Rate Narayana Kocherlakota (University of Rochester) Discussant: Harald Uhlig (University of Chicago) |
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| 2:40 – 3:00pm | Break |
| 3:00 – 4:40pm | Session 3: Bank Balance Sheets and Liquidity Chair: Loretta Mester (University of Pennsylvania) |
| A Theory of Bank Balance Sheets Saki Bigio (UCLA), Pierre-Olivier Weill (UCLA), and Diego Zuniga (Bank of Canada) Discussant: Ye Li (University of Washington) |
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| Held-to-Maturity Accounting and Bank Runs Kaiji Chen (Emory), Yu Yi (Nankai University), and Shengxing Zhang (Carnegie Mellon) Discussant: Qi Chen (Duke) |
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| 5:00 – 6:00pm | Reception |
| 6:00 – 8:00pm | Dinner – Keynote Speaker: Franklin Allen (Imperial College) |
SATURDAY
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| 8:00 – 9:00am | Breakfast |
| 9:00 – 10:40am | Session 4: Corporate Debt Chair: Ernst-Ludwig von Thadden (University of Mannheim) |
| Financially Sophisticated Firms Lira Mota (MIT) and Kerry Siani (MIT) Discussant: Chester Spatt (Carnegie Mellon) |
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| Corporate Debt, Boom-Busy Cycles, and Financial Crises Victoria Ivashina (Harvard), Şebnem Kalemli-Özcan (Brown), Luc Laeven (ECB), and Karsten Müller (National University of Singapore) Discussant: Greg Nini (Drexel) |
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| 10:40 – 11:00am | Break |
| 11:00am – 12:40pm | Session 5: Market Discipline and Regulation Chair: Hanming Fang (University of Pennsylvania) |
| Rules versus Disclosure: Prudential Regulation and Market Discipline William Fuchs (UT Austin), Satoshi Fukuda (Bocconi), and Daniel Neuhann (UT Austin) Discussant: Liyan Yang (University of Toronto) |
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| The Economics of Market-Based Deposit Insurance Edward Kim (Michigan), Shohini Kundu (UCLA), and Amiyatosh Purnanandam (Michigan) Discussant: Kinda Hachem (UVA) |
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| 12:40 – 1:30pm | Lunch |
| 1:30 – 4:00pm | Session 6: Emerging Risks and Technologies Chair: Urban Jermann (University of Pennsylvania) |
| FinTech Lending, Banking, and Information Portability Markus Brunnermeier (Princeton) and Jonathan Payne (Princeton) Discussant: Zhiguo He (Stanford) |
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| The Macroeconomic Implications of the Gen-AI Economy Pablo Guerron-Quintana (Boston College), Tomoaki Mikami (Boston College), and Jaromir Nosal (Boston College) Discussant: Winston Dou (University of Pennsylvania) |
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| A Theory of Economic Coercion and Fragmentation Christopher Clayton (Yale), Matteo Maggiori (Stanford), and Jesse Schreger (Columbia) Discussant: Alessandro Dovis (University of Pennsylvania) |
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| 4:00pm | Adjourn |
Organizing Committee
- Vincent Glode (Wharton)
- Itay Goldstein (Wharton)
- Guillermo Ordonez (Department of Economics)
- Yao Zeng (Wharton)