| Friday, July 15 | |
|---|---|
| 09.45 - 10.00 | Opening address |
| Session 1: Costs of debt financing | |
| 10.00 - 10.50 | Zombie Lending and Policy Traps Viral Acharya (New York University), Simone Lenzu (New York University) & Olivier Wang (New York University) Discussant: Ernst-Ludwig Von Thadden (University of Mannheim) |
| 10.50 – 11.40 | The costs of corporate debt overhang Kristian Blickley (NY Fed) and João Santos (NY Fed & Nova School of Business and Economics) Discussant: George Pennacchi (University of Illinois) |
| 11.40 – 12.10 | Coffee |
| 12.10 – 13.00 | A theory of debt accumulation and deficit cycle Antonio Mele (University of Lugano) Discussant: Charles Kahn (University of Illinois) |
| 13.00 - 14.00 | Lunch |
| Session 2: Climate change risks and financial intermediation | |
| 14.00 - 14.50 | Green Capital Requirements Martin Oehmke (London School of Economics) and Marcus Opp (Stockholm School of Economics) Discussant: Franklin Allen (Imperial College London) |
| 14.50 - 15.40 | Climate Change-Related Regulatory Risks and Bank Lending Discussant: Steven Ongena (University of Zurich) |
| 15.40 - 16.10 | Coffee |
| 16.10 - 17.00 | Climate Stress Testing Discussant: Loriana Pelizzon (SAFE Goethe University Frankfurt and Ca'Foscari University of Venice) |
| Saturday, July 16 | |
|---|---|
| Session 3: Financial intermediation after the Great Recession | |
| 09.30 - 10.20 | Loan Guarantees, Bank Lending and Credit Risk Reallocation Discussant: Elena Loutskina (UVA Darden School of Business) |
| 10.20 – 11.10 | Not All Shocks Are Created Equal: Assessing Heterogeneity in the Bank Lending Channel Discussant: Janet Gao (Georgetown University) |
| 11.10 – 11.25 | Coffee |
| 11.25 – 12.15 | A Model of Interacting Banks and Money Market Funds |