The 2nd Conference on “Bank performance, financial stability and the real economy” is held at the Mario Cacace Multimedia Center – Via Giuseppe Orlandi 100, Anacapri.
Program
Monday, 22 June 2015
Venue: Mario Cacace Multimedia Center – Via Giuseppe Orlandi 100, Anacapri
8.30 – 8.45: Registration
Welcome address
8.45 – 9.00 Andrea Maffezzoni (Unicredit, Head of Planning, Strategy and Capital Management and board member of the Unicredit & Universities Foundation)
Marco Pagano (University of Naples Federico II, CSEF and EIEF)
Morning Session 1: Banking Regulation
Chair: Tommaso Oliviero (CSEF)
09.00 – 09.50 Jean-Edouard Colliard (HEC Paris)
“Optimal Supervisory Architecture and Financial Integration in a Banking Union”
Discussant : Alireza Tahbaz-Salehi (Columbia University)
09.50 – 10.40 Marco Di Maggio (Columbia University)
“Deregulation, Competition and the Race to the Bottom” (joint with A. Kermani)
Discussant : Andrea Polo (Pompeu Fabra University)
10.40 – 11.00 Coffee break
Morning Session 2: Real Effects of Financing Constraints
Chair : Marco Pagano (University of Naples Federico II, CSEF and EIEF)
11.00 – 11.50 Alexander Popov (European Central Bank)
“Financing constraints, employment, and labor compensation: Evidence from the subprime mortgage crisis” (joint with J. Rocholl)
Discussant: Martin Schmalz (University of Michigan)
11.50 – 12.40 José M. Liberti (DePaul University)
“When Do Laws and Institutions Affect Recovery Rates on Collateral?” (joint with H. Degryse, V. Ioannidou and J. Sturgess)
Discussant: Emilia Bonaccorsi di Patti (Bank of Italy)
12.40 – 13.40 Lunch
Afternoon Session 1: Financial Stability 1
Chair : Saverio Simonelli (University of Naples Federico II and CSEF)
13.40 – 14.30 Björn Imbierowicz (Goethe University Frankfurt)
“Does Lack of Financial Stability Impair the Transmission of Monetary Policy?” (joint with V. Acharya, S. Steffen and D. Teichmann)
Discussant: Alberto Zazzaro (Polytechnic University of Marche)
14.30 – 15.20 Frederic Boissay (European Central Bank)
“Inside and Outside Collateral: Implications for Financial Market Instability” (joint with R. Cooper)
Discussant: Elena Carletti (Bocconi University)
15.20 – 15.40 Coffee break
Afternoon Session 2: Financial Stability 2
Chair :Anna Maria Menichini (University of Salerno and CSEF)
15.40 – 16.30 John Chi-Fong Kuong (INSEAD)
“Self-fulfilling Fire Sales: Fragility of Collateralised Short-term Debt Markets”
Discussant: Amir Kermani (University of California, Berkeley)
16.30 – 17.20 Boris Vallée (Harvard Business School)
“Call Me Maybe? The Effects of Exercising Contingent Capital”
Discussant: Andrew Ellul (Indiana University)
with the sponsorship of the Unicredit and Universities Foundation.