FRIDAY, OCTOBER 11th 2013 |
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| 8:30 – 9:30 | Breakfast |
| 9:30 – 11:10 | Session 1: Costs and Benefits of Banking Regulation and Intervention |
| The Shadow Cost of Bank Capital Requirements Roni Kisin (WUSTL) and Asaf Manela (WUSTL). Discussant: Mark Flannery (University of Florida). |
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| Who Borrows from the Lender of Last Resort? Itamar Drechsler (NYU), Thomas Drechsel (LSE), David Marques‐Ibanez (ECB) and Philipp Schnabl Discussant: Todd Keister (Rutgers). |
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| 11:10 – 11:30 | Break |
| 11:30 – 13:10 | Session 2: Debt Crisis |
| Banks, Government Bonds, and Default: What do the Data Say? Nicola Gennaioli (Bocconi), Alberto Martin (CREI) and Stefano Rossi (Purdue). Discussant: Stijn Claessens (IMF). |
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| Slow Moving Debt Crises Guido Lorenzoni (Northwestern) and Ivan Werning (MIT). Discussant: Hal Cole (UPenn). |
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| 13:10 – 14:30 | Lunch |
| 14:30 – 17:20 | Session 3: Networks and Contagion |
| Mandatory Disclosure and Financial Contagion Fernando Alvarez (Chicago) and Gadi Barlevy (Chicago Fed). Discussant: Juan Pablo Xandri (Princeton) |
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| Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion Nicolae Garleanu (UC Berkeley), Stavros Panageas (Chicago) and Jianfeng Yu (Minnesota). Discussant: Wei Xiong (Princeton). |
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| Empirical Analysis of Systemic Risk in the EURO‐zone Pietro Bonaldi (Chicago), Ali Hortacsu (Chicago) and Jakub Kastl (Stanford). Discussant: David Skeie (New York Fed). |
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| 19:00 | Dinner – Speaker: Douglas Diamond (Chicago) |
SATURDAY, OCTOBER 12th 2013 |
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| 7:30 – 8:30 | Breakfast |
| 8:30 – 10:10 | Session 4: Information and Prices |
| Subsidizing Price Discovery Braz Camargo (Sao Paulo School of Economics), Kyungmin (Teddy) Kim (Iowa) and Benjamin Lester (Philadelphia Fed). Discussant: Pablo Kurlat (Stanford). |
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| Security Design in a Production Economy with Flexible Information Acquisition Ming Yang (Duke) and Yao Zeng (Harvard). Discussant: Christian Opp (Wharton). |
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| 10:10 – 10:30 | Break |
| 10:30 – 12:10 | Session 5: Evidence on Runs |
| The Radio and Bank Distress in the Great Depression Nicolas Ziebarth (Iowa). Discussant: Gary Gorton (Yale). |
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| Runs on Money Market Mutual Funds Lawrence Schmidt (UC San Diego), Allan Timmermann (UC San Diego) and Russ Wermers (Maryland). Discussant: Richard Green (Carnegie Mellon). |
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| 12:10 – 13:10 | Lunch |
| 13:10 – 16:00 | Session 6: Pledgability, Liquidity and Policy |
| Pledgablilty and Liquidity: Monetarist Model of Financial and Macroeconomic Activity Venky Venkateswaran (NYU) and Randall Wright (Wisconsin). Discussant: Ana Fostel (George Washington University). |
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| Liquidity and Inefficient Investment Oliver Hart (Harvard) and Luigi Zingales (Chicago). Discussant: Boyan Jovanovic (NYU). |
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| Scarce Collateral, the Term Premium, and Quantitative Easing Stephen Williamson (WUSTL). Discussant: John Coleman (Duke). |
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| 16:00 | Adjourn |