Programme
| Friday, July 7 | |
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| 09.45 - 10.00 | Carlos da Silva Costa, Governor, Banco de Portugal |
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Session 1: Public Policy Interventions and Banks’ Risk-Taking Incentives
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| 10.00 - 10.50 |
Monetary Stimulus and Bank Lending Indraneel Chakraborty (University of Miami), Itay Goldstein (Wharton School, University of Pennsylvania) and Andrew MacKinlay (Pamplin College of Business, Virginia Tech) Discussant: George Pennacchi (University of Illinois) |
| 10.50 – 11.40 |
Monetary Easing, Investment and Financial Instability Viral Acharya (New York University) and Guillaume Plantin (Sciences Po) Discussant: Konstantin Milbradt (Kellogg School of Management) |
| 11.40 – 12.10 | Coffee |
| 12.10 – 13.00 |
The Effect of Central Bank Liquidity Injections on Bank Credit Supply Luisa Carpinelli (Bank of Italy) and Matteo Crosignani (Federal Reserve Board) Discussant: Florian Heider (European Central Bank) |
| 13.00 - 14.00 | Lunch |
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Session 2: Designing Effective Resolution and Supervisory Arrangements
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| 14.00 - 14.50 |
Hierarchical Bank Supervision Rafael Repullo (CEMFI) Discussant: Charles M. Kahn (University of Illinois) |
| 14.50 - 15.40 |
Supervisory Incentives in a Banking Union Elena Carletti (Universitá Bocconi), Giovanni Dell’Ariccia (IMF) and Robert Marquez (University of California, Davis) Discussant: Lucy White (Boston University, Questrom School of Business) |
| 15.40 - 16.10 | Coffee |
| 16.10 - 17.00 |
Bank Resolution and the Structure of Global Banks Patrick Bolton (Columbia University) and Martin Oehmke (London School of Economics) Discussant: Arnoud Boot (University of Amsterdam) |
| Saturday, July 8 | |
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Session 3: Drivers of Systemic Risk
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| 10.00 - 10.50 |
Banks’ Liquidity Management and Systemic Risk Luca G. Deidda (University of Sassari) and Ettore Panetti (Banco de Portugal) Discussant: Wolf Wagner (Rotterdam School of Management) |
| 10.50 – 11.40 |
The External Effects of Bank Executive Pay: Liquidity Creation and Systemic Risk Robert DeYoung (Kansas University) and Minjie Huang (University of Louisville) Discussant: Mark Flannery (Warrington College of Business Administration, University of Florida) |
| 11.40 – 12.10 | Coffee |
| 12.10 – 13.00 |
Money Runs Jason Roderick Donaldson (Washington University in St Louis) and Giorgia Piacentino (Columbia Business School) Discussant: Douglas Gale (New York University) |