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12thAnnual Bank Research Conference
Performance of Financial Services in the Current Environment
Sponsored by the Federal Deposit Insurance Corporation's Center for Financial Research and the Journal of Financial Services Research
October 11-12, 2012
L. William Seidman Center
Hove Auditorium
3501 Fairfax Drive
Arlington, Virginia
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Program Committee:
Allen Berger, Simon Johnson, Paul Kupiec,
Christopher James, David Musto,
Mitchell Petersen, Richard Rosen,
Joao Santos and Haluk Ünal
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Thursday, October 11, 2012
| 8:30-8:55 |
- Registration & Continental Breakfast -
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8:55 |
Opening Remarks
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| 9:00-10:30 |
Systemic Risk
Session Chair and Discussant: Paul Glasserman, Columbia University
Presentation - PDF (PDF Help)
The "Greatest" Carry Trade Ever? Understanding Eurozone Bank Risks
Viral V.Viral V. Acharya, New York University
Sascha Steffen, European School of Management and Technology
Presentation - PDF (PDF Help)
The Systemic Risk of European Banks during the Financial and Sovereign Debt
Crises
Lamont Black, Federal Reserve Board
Ricardo Correa, Federal Reserve Board
Xin Huang, University of Oklahoma
Hao Zhou, Federal Reserve Board
Presentation - PDF (PDF Help)
Information Contagion and Systemic Risk - PDF 393 K (PDF Help)
Toni Ahnert, London School of Economics and Political Science and Financial Markets Group
Co-Pierre Georg, Oxford University
Presentation - PDF (PDF Help)
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| 10:30-11:00 |
- Break -
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| 11:00-12:00 |
Consequences of Government Intervention
Session Chair and Discussant: Allen Berger, University of South Carolina
International Evidence on Government Support and Risk-Taking in the Banking Sector
Luis Brandao-Marques, International Monetary Fund
Ricardo Correa, Federal Reserve Board
Horacio Sapriza, Federal Reserve Board
Presentation - PDF (PDF Help)
Bank Bailouts, Competitive Distortions, and Consumer Welfare
Cesar Calderon, World Bank
Klaus Schaeck, Bangor Business school
Presentation - PDF (PDF Help)
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| 12:00-1:00 |
- Lunch -
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1:00-2:00 |
Keynote Address: Macro-Prudential Regulatory Challenges
Anil Kashyap, Booth School of Business, University of Chicago
Presentation - PDF (PDF Help)
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2:00-2:15
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- Break -
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2:15-3:45 | Resolution of Financial Distress
Session Chair and Discussant: Christopher James, University of Florida
Presentation - PDF (PDF Help)
Debt Structure and the Protections Offered by Bankruptcy Law to Creditors, Debtors and the Firm
Kose John, New York University
Padma Kadiyala, Pace University
Catharsis in the Financial Sector? Tracing the Real Effects of Bank Insolvency and Resolution
Josef Korte, Goethe University Frankfurt
Presentation - PDF (PDF Help)
Asset Fire Sale or Cherry Picking: Evidence from Commercial REO Sales
Yongqiang Chu, University of South Carolina
Presentation - PDF (PDF Help)
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3:45-4:00
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- Break -
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4:00-5:30 |
Bank Lending
Session Chair and Discussant: Robert DeYoung, University of Kansas
Presentation - PDF (PDF Help)
What is Special about Bank Loans?
Greg Nini, University of Pennsylvania
How Committed are Bank Corporate Line Commitments?
Irina Barakova, Office of the Comptroller of the Currency
Harini Parthasarathy, Office of the Comptroller of the Currency
Presentation - PDF (PDF Help)
Information or Insurance? On the Role of Loan Officer Discretion in Credit
Assessment
Martin Brown, University of St. Gallen
Matthias Schaller, University of St. Gallen
Simone Westerfeld, University of Applied Sciences Northwestern Switzerland
Markus Heusler, Risk Solution Network AG
Presentation - PDF (PDF Help)
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5:30-6:30
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- Reception -
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Friday, October 12, 2012
| 8:30-9:00AM |
-- Continental Breakfast --
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9:00-10:00 |
Bank Capital
Session Chair and Discussant: Richard Rosen, Federal Reserve Bank of Chicago
Presentation - PDF (PDF Help)
Banking and Trading
Arnoud Boot, University of Amsterdam and CEPR
Lev Ratnovski, International Monetary Fund
Presentation - PDF (PDF Help)
Deferred Tax Assets and Bank Regulatory Capital - PDF 664K (PDF Help)
John Gallemore, University of North Carolina at Chapel Hill,
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| 10:00-10:30 |
-- Break --
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| 10:30-12:00 |
Systemic Risk II
Session Chair and Discussant: Simon Johnson, MIT
Presentation - PDF (PDF Help)
Variation in Systemic Risk at US Banks During 1974-2010
Armen Hovakimian, Baruch College
Edward Kane, Boston College
Luc Laeven, International Monetary Fund
Presentation - PDF (PDF Help)
Financial Crisis, Temporary Liquidity Guarantee Program, and Impacts on the Fixed Income Markets
Brent W. Ambrose, The Pennsylvania State University
Yiying Cheng, University of North Carolina at Charlotte
Tao-Hsien Dolly King, University of North Carolina at Charlotte
Presentation - PDF (PDF Help)
Systemic Size, Bank Risk and Systemic Crises
Jens Hagendorff, University of Edinburgh
Kevin Keasey, University of Edinburgh
Francesco Vallascas, University of Leeds
Presentation - PDF (PDF Help)
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| 12:00-1:00 |
- Lunch -
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| 1:00-2:30 |
Liquidity
Session Chair and Discussant: Albert Kyle,University of Maryland
To Sell or to Borrow?
Michal Kowalik, Federal Reserve Bank of Kansas City
Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of
Banking
Gianni De Nicolo, International Monetary Fund
Andrea Gamba, Warwick Business School
Marcella Lucchetta, University Ca' Foscari of Venice
Presentation - PDF (PDF Help)
Pushing on a String: Did Borrowing from the Federal Reserve Help Resolve the
Financial Crisis?
Allen N. Berger, University of South Carolina
Lamont K. Black, Federal Reserve Board
Christa H.S. Bouwman, Case Western Reserve University
Jennifer L. Dlugosz, Federal Reserve Board
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2:30-3:00 |
- Break -
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| 3:00 - 4:30 |
Bank Behavior
Session Chair and Discussant: Joao Santos, Federal Reserve Bank of New York
Presentation - PDF (PDF Help)
Bank Regulation, Credit Ratings, and Systematic Risk
Giuliano Iannotta, Universita Bocconi
George Pennacchi, University of Illinois
Presentation - PDF (PDF Help)
Interest Rate Risk and Bank Equity Valuations
William B. English, Federal Reserve Board
Skander J. Van den Heuvel, Federal Reserve Board
Egon Zakrajsek, Federal Reserve Board
Presentation - PDF (PDF Help)
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