Conference: "Financial Intermediation"
The Banco de Portugal Conference on Financial Intermediation will be held in Algarve, June 26-27, 2009. The Conference aims at bringing together academics and practitioners to discuss the actual role of financial intermediaries worldwide.
Attendance is by invitation only.
The Organizer Committee for the Conference is composed by Luísa Farinha, Nuno Ribeiro and João Santos.
The Conference venue is the Hotel Ria Park, located in Vale de Lobo, near Faro, Algarve, the southern region of Portugal. The Conference will last for a day and a half, Friday, June 26 and Saturday, June 27.
Questions about arrangements should be addressed to conferences@bportugal.pt.
Programme
Session 1 - Interbank Market Failures
Chair: Nuno Ribeiro (Banco de Portugal)
Interbank Market Liquidity and Central Bank Intervention
Franklin Allen (University of Pennsylvania)
Elena Carletti (European University Institute)
Douglas Gale (New York University)
Discussant: Xavier Freixas (Universitat Pompeu Fabra)
The Macroeconomics of Money Market Freezes
Max Bruche (CEMFI)
Javier Suarez (CEMFI)
Discussant: Arnoud Boot (University of Amsterdam)
Liquidity Hoarding and Interbank Market Spreads: The Role of Counterparty Risk
Florian Heider (European Central Bank)
Marie Hoerova (European Central Bank)
Cornelia Holthausen (European Central Bank)
Discussant: Lucy White (Harvard Business School)
Session 2 - Debt Market and Financial Stability
Chair: Ravi Jagannathan (Northwestern University)
The Lifecycle of the Financial Sector and other Speculative Industries
Bruno Biais (Université Toulouse 1)
Jean-Charles Rochet (Université Toulouse 1)
Paul Woolley (University of York)
Discussant: Sudipto Bhattacharya (London School of Economics)
Self-Fulfilling Credit Market Freezes
Lucian Bebchuk (Harvard University)
Itay Goldstein (University of Pennsylvania)
Discussant: Andrew Winton (University of Minnesota)
Infectious Leverage
Anand Goel (DePaul University)
Fenghua Song (The Pennsylvania State University)
Anjan Thakor (Washington University)
Discussant: John Hardman Moore (London School of Economics)
Session 3 - Detecting Risk and Regulating Banks
Chair: Jan Pieter Krahnen (Goethe University)
A Market-Based Measure of Credit Quality and Banks' Performance during the
Subprime Crisis
Martin Knaup (Tilburg University)
Wolf Wagner (Tilburg University)
Discussant: Ana Lacerda (Banco de Portugal)
Originate-to-Distribute Model and the Subprime Mortgage Crisis
Amiyatosh Purnanandam (University of Michigan)
Discussant: Christopher M. James (University of Florida)
Banking Crises and Crisis Dating:Theory and Evidence
John H. Boyd (University of Minnesota)
Gianni De Nicolò (International Monetary Fund)
Elena Loukoianova (Barclays Capital)
Discussant: Franklin Allen (University of Pennsylvania)
Participants
José Filipe Abreu (Banco de Portugal)
Ugo Albertazzi (Banca d'Italia)
Franklin Allen (University of Pennsylvania)
Paula Antão (Banco de Portugal)
António Antunes (Banco de Portugal)
Luciana Barbosa (Banco de Portugal)
Jesper Berg (Danmarks Nationalbank)
Sudipto Bhattacharya (London School of Economics)
Diana Bonfim (Banco de Portugal)
Arnoud Boot (University of Amsterdam)
Miguel Boucinha (Banco de Portugal)
John H. Boyd (University of Minnesota)
Mário Centeno (Banco de Portugal)
Geraldo Cerqueiro (Universidade Católica Portuguesa)
Luísa Farinha (Banco de Portugal)
Maria Cândida Ferreira (Instituto Superior de Economia e Gestão)
Miguel Ferreira (Universidade Nova de Lisboa)
João Freitas (Banco de Portugal)
Xavier Freixas (Universitat Pompeu Fabra)
Douglas Gale (New York University)
Itay Goldstein (University of Pennsylvania)
Florian Heider (European Central Bank)
Ravi Jagannathan (Northwestern University)
Christopher M. James (University of Florida)
Jan Pieter Krahnen (Goethe University)
Ana Lacerda (Banco de Portugal)
Marc Maréchal (National Bank of Belgium)
John Hardman Moore (London School of Economics)
Sara Noorali (Banco de Portugal)
Diego Rodriguez Palenzuela (European Central Bank)
Amiyatosh Purnanandam (University of Michigan)
Nuno Ribeiro (Banco de Portugal)
Jean-Charles Rochet (Université Toulouse 1)
Carlos Santos (Banco de Portugal)
João Santos (Federal Reserve Bank of New York)
Mário João Santos (Universidade Católica Portuguesa)
Helene Schubert (Oesterreichische Nationalbank)
Clara Soares (Banco de Portugal)
Javier Suarez (CEMFI)
Anjan Thakor (Washington University)
Jouko Vilmunen (Bank of Finland)
Wolf Wagner (Tilburg University)
Lucy White (Harvard Business School)
Andrew Winton (University of Minnesota)
Attending the conference
Attendance is by invitation only. To confirm your attendance to the Conference please send the registration form by email to conferences@bportugal.pt or fax it to 351 21 310 7808, no later than March 10.
Participants should plan to arrive in Faro on Thursday and leave on Saturday afternoon/Sunday morning.
Banco de Portugal has reserved accommodation at Ria Park Hotel. Once we receive the registration form, we shall confirm the Hotel room booking.
Banco de Portugal covers all expenses related to the stay (hotel and meals) of all participants, starting Thursday through Sunday morning.
Banco de Portugal reimburses also the travel expenses (economy fare) of some of the participants upon presentation of the original receipts.
Local contact
Questions about arrangements should be addressed to:
Economics and Research Department
Banco de Portugal
Av. Almirante Reis, 71, 6th floor
1150-012 Lisboa
Portugal
Tel: 351 213 130 425
Fax: 351 213 107 808
Email: conferences@bportugal.pt
Hotel and conference venue
Conference participants will be staying at the Ria Park Hotel, located in Vale do Lobo, near Faro and the Reserva Natural da Ria Formosa. The Hotel is 30 minutes distance from Faro International Airport.
The Ria Formosa is a Nature Reserve, where migrating birds find a safe haven, and we
can find a nature trail through the estuaries, marshes and dunes that lie inland from the beach.
Conference venue
Ria Park Hotel
Meeting Room: Dali Room
Address: Vale do Lobo - PO Box 3410
8135-951 Almancil
Portugal
Tel: 351 289 359 800
Fax: 351 289 359 888
A computer (Windows XP, Scientific Workplace 5.5), printer, overhead projector, and video projector will be provided for participants’ use. Internet and email facilities will be available.
Incoming faxes and telephone messages during the conference should be marked to the attention of:
Maria Soledade Sartóris
Ria Park Hotel
Important dates
Deadline for registration form reception: March 10, 2009
Deadline for papers reception: April 10, 2009
Accommodation
Participants will be covered for up to 3 night’s accommodation. Incidental expenses such as mini-bar, telephone, laundry or any other service provided by the Hotel will not be covered.
Meals
All meals will be provided by the organization. Breakfast and lunch will be served at the Hotel. Special dietary requests can be accommodated if indicated in advance in the registration form.
Currency
The euro is the currency in circulation. Major credit cards are accepted at most of the establishments, including the Hotel. Banks are opened from 8:30 am to 3:00 pm, Monday to Friday.
Weather
Algarve has a mild climate, plenty of sunny days. In June the average daytime temperature is usually around 26º C
(79ºF) and the nighttime temperature is around 16º C (61ºF).
Getting to the conference
The nearest airport is Faro International Airport, located 20 km away from Vale do Lobo. The Airport handles a large number of daily flights from major European Countries as well as from United States. There are also several daily fights from Lisbon to Faro.
The journey from the Airport to the Hotel takes approximately 30 minutes by car.