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Conference on Financial Intermediation

10 Jul. 2015
The 6th Banco de Portugal Conference on Financial Intermediation will be held in Lisbon, July 10-11, 2015. The Conference brings together academics and policy makers to present and discuss new research on bank regulation.

The Scientific Committee for the Conference is Diana Bonfim, Luisa Farinha and João Santos.

The Conference venue is in the Banco de Portugal main building at Largo de São Julião, in the historical part of Lisbon.

The Conference will last for a day and a half, Friday, July 10 and Saturday morning, July 11.
Friday, July 10
9.45 - 10.00 Carlos da Silva Costa, Governor, Banco de Portugal
Session 1 - Origins of Banks and Banks’ Fragility
10.00 - 10.50 Warehouse Banking

Jason Donaldson (Olin Business School), Giorgia Piacentino (Washington University) and Anjan Thakor (Washington University)

Discussant: Franklin Allen (Imperial College London)
10.50 - 11.40 Self-Fulfilling Fire Sales: Fragility of Collateralised Short-Term Debt Markets

John Kuong (INSEAD)

Discussant: Douglas Gale (Imperial College London)
11.40 - 12.10 Coffee
12.10 - 13.00 Transparency and Bank Runs

Cecilia Siritto (New York University)

Discussant: Ettore Panetti (Banco de Portugal)
13.00 - 14.00 Lunch
Session 2 - Sources and Effects of Systemic Risk
14.00 - 14.50 Uncertainty Aversion and Systemic Risk

David Dicks (University of North Carolina) and Paolo Fulghieri (University of North Carolina)

Discussant: Arnoud Boot (University of Amsterdam)
14.50 - 15.40 Intermediation and Voluntary Exposure to Counterparty Risk

Maryam Farboodi (Princeton University)

Discussant: Lucy White (Harvard Business School)
15.40 - 16.10 Coffee
16.10 - 17.00 Bank Bias in Europe. Effects on Systemic Risk and Growth

Sam Langfield (European Central Bank) and Marco Pagano (University of Naples Federico II)

Discussant: George Pennacchi (University of Illinois)

Saturday, July 11
Session 3 - Designing Effective Bank Regulation
10.00 - 10.50 Rules Vs Discretion in Bank Resolution

Ansgar Walther (University of Oxford) and Lucy White (Harvard Business School)

Discussant: Martin Oehmke (Columbia Business School)
10.50 - 11.40 Towards Time-Consistency in Bank Regulation

Charles Kahn (University of Illinois) and João Santos (Federal Reserve Bank of New York)

Discussant: Xavier Freixas (Universitat Pompeu Fabra)
11.40 - 12.10 Coffee
12.10 - 13.00 Capital Requirement, Risk Choice, and Liquidity Provision in a Business Cycle Model

Juliane Begenau (Harvard Business School)

Discussant: Javier Suarez (CEMFI)
13.00 - 14.00 Lunch

Franklin Allen  (Imperial College London)

Nuno Alves (Banco de Portugal)

António Antunes (Banco de Portugal)

Fernando Augusto (Banco de Portugal)

João Vale e Azevedo (Banco de Portugal)

Luciana Barbosa (Banco de Portugal)

Rita Basto (Banco de Portugal)

Juliane Begenau  (Harvard Business School)

Andrada Bilan (University of Zurich)

Diana Bonfim  (Banco de Portugal) 

Arnoud Boot  (University of Amsterdam)

Adelaide Cavaleiro (Banco de Portugal) 

Geraldo Cerqueiro (Católica Lisbon School of Business and Economics)

Isabel Correia (Banco de Portugal)

Sónia Costa (Banco de Portugal)

Graça Damião (Banco de Portugal)

Inês Drumond (Banco de Portugal)

Maryam Farboodi (Princeton University)

Luísa Farinha  (Banco de Portugal)

Miguel Ferreira (NOVA School of Business and Economics)

Xavier Freixas  (Universitat Pompeu Fabra)

Paolo Fulghieri (University of North Carolina)

Douglas Gale  (Imperial College London)

Daniel Horta (NOVA School of Business and Economics)

José Jorge (Universidade do Porto)

Charles Kahn  (University of Illinois)

Artashes Karapetyan

Sudipto Karmakar (Banco de Portugal)

John Kuong (INSEAD)

Sam Langfield (European Central Bank)

Samuel Lopes (EBA)

Caterina Mendicino (European Central Bank)

António Gil Nogueira (Banco de Portugal)

Martin Oehmke (Columbia Business School)

Luca Opromolla (Banco de Portugal)

Ettore Panetti (Banco de Portugal)

George Pennacchi (University of Illinois)

Ana Pereira (Banco de Portugal)

Jorge Pinheiro (Banco de Portugal)

Pedro Prego (Banco de Portugal)

Clara Raposo (ISEG Lisbon School of Economics & Management)

Francisca Rebelo (Banco de Portugal)

João Santos  (Federal Reserve Bank of New York)

Mário Coutinho dos Santos (Universidade Católica Portuguesa)

Sofia Saldanha (Banco de Portugal)

Pedro Santos (Banco de Portugal)

Fátima Silva (Banco de Portugal)

Marta Silva (Banco de Portugal)

Nuno Silva (Banco de Portugal)

Cecilia Siritto (New York University)

Carla Soares (Banco de Portugal)

Javier Suarez  (CEMFI) 

Anjan Thakor  (Washington University) 

Ansgar Walther  (University of Oxford)

Lucy White  (Harvard Business School)