Conference Agenda

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Session Overview
Date: Thursday, 22/Aug/2019
8:30
-
10:00
APE-2: Time-varying liquidity and risk premia
Location: D -104
Chair: Rossen Valkanov, UCSD
 

The TIPS Liquidity Premium

Martin M. Andreasen1, Jens Christensen2, Simon Ridell3

1: Aarhus University, Denmark; 2: Federal Reserve Bank of San Francisco; 3: Amazon



The Time Variation in Risk Appetite and Uncertainty

Geert Bekaert1, Eric Engstrom2, Nancy R. Xu3

1: Columbia Business School, United States of America; 2: Federal Reserve Board, United States of America; 3: Boston College, Carroll School of Management, United States of America



Can unpredictable risk exposure be priced?

Ricardo Barahona, Joost Driessen, Rik Frehen

Tilburg University, Netherlands, The

APT-1: Equilibrium Models in Asset Pricing
Location: D -105
Chair: Lorenzo Bretscher, London Business School
 

Q: Risk, Rents, or Growth?

Alexandre Corhay1, Howard Kung2, Lukas Schmid3

1: Rotman School of Management, Canada; 2: London Business School; 3: Fuqua School of Business, Duke University



Fuel is Pumping Premiums: A Consumption-based Explanation of the Value Anomaly

Robert Dittmar1, Christian Schlag2,3, Julian Thimme4

1: Ross School of Business, University of Michigan; 2: Goethe University Frankfurt, Germany; 3: SAFE; 4: Karlsruhe Institute of Technology



Parameter Learning in Production Economies

Mykola Babiak1, Roman Kozhan2

1: CERGE-EI; 2: University of Warwick

APE-10: Sovereign funding markets
Location: D -106
Chair: Andrea Buraschi, Imperial College Business School
Chair: Melissa Prado, Nova School of Business and Economics
 

Mind the (Convergence) Gap: Forward Rates Strike Back!

Andrea Tamoni1, Alberto Plazzi2, Andrea Berardi3, Michael Markovich4

1: London School of Economics, United Kingdom; 2: Universita della Svizzera italiana and SFI; 3: Universita Ca' Foscari Venezia; 4: Credit Suisse



Default Risk and the Pricing of U.S. Sovereign Bonds

Robert F. Dittmar1, Alex Hsu2, Guillaume Roussellet3, Peter Simasek2

1: University of Michigan, United States of America; 2: Georgia Technological University; 3: McGill University



Liquidity Risk and Funding Cost

Alexander Bechtel1, Angelo Ranaldo1, Jan Wrampelmeyer2

1: University of St. Gallen, Switzerland; 2: VU Amsterdam

CFGE-1: Human Capital and Firm Value
Location: D -107
Chair: Moqi Groen-Xu, London School of Economics
 

Corporate Culture as an Implicit Contract

Jessica Jeffers1, Michael Lee2

1: University of Chicago, United States of America; 2: Federal Reserve Bank of New York



The Effect of Financial Literacy on Financial Policies – Evidence from a Randomized Control Experiment in Mozambique

Claudia Custodio2, Diogo Mendes1, Daniel Metzger3,4

1: Nova School of Business and Economics; 2: Imperial College London; 3: Rotterdam School of Management; 4: Swedish House of Finance



The Employee Clientele of Corporate Leverage: Evidence from Employee Family Labor Income Diversification

Jie He1, Tao Shu1, Huan Yang2

1: University of Georgia, United States of America; 2: University of Massachusetts Amherst

CFGE-10: Entrepreneurial Finance
Location: D -110
Chair: Juanita Gonzalez-Uribe, LSE
 

Keeping Options Open: What Motivates Entrepreneurs?

Sylvain Catherine

University of Pennsylvania, United States of America



Entrepreneurial Teams: Diversity of Experience and Firm Growth

Francesco D'Acunto1, Geoffrey Tate2, Liu Yang2

1: Boston College; 2: University of Maryland



Entrepreneurship and Regional Windfall Gains: Evidence from the Spanish Christmas Lottery

Daniel Wolfenzon1, Vicente Bermejo2, Miguel Ferreira3, Rafel Zambrana3

1: Columbia University and NBER; 2: Esade Business School, Ramon Lull University; 3: Nova School of Business and Economics

CFGE-19: Information and disclosure
Location: D -111
Chair: Stefan Zeume, University of Illinois at Urbana Champaign
 

Panda Games: Corporate Disclosure in the Eclipse of Search

Kemin Wang2, Xiaoyun Yu3, Bohui Zhang1

1: The Chinese University of Hong Kong, Shenzhen, China, People's Republic of; 2: Fudan University; 3: Indiana University



Corporate Disclosure as a Tacit Coordination Mechanism: Evidence from Cartel Enforcement Regulations

Thomas Bourveau1, Guoman She2, Alminas Zaldokas2

1: Columbia Business School, United States of America; 2: Hong Kong University of Science and Technology



Credit Score Doctor

Luojia Hu2, Xing Huang3, Andrei Simonov1

1: Michigan State University, United States of America; 2: Federal Reserve Bank of Chicago; 3: Washington University in St. Louis, Olin Business School

HH-5: Savings and Investments
Location: D -112
Chair: Kim Peijnenburg, EDHEC Business School
 

IQ, Expectations, and Choice

Maritta Paloviita1, Francesco D'Acunto2, Daniel Hoang3, Michael Weber4

1: Bank of Finland, Finland; 2: Carroll School of Management, Boston College; 3: Karlsruhe Institute of Technology; 4: Booth School of Management, University of Chicago



Consuming Dividends

Konstantin Bräuer, Andreas Hackethal, Tobin Hanspal

Goethe-University Frankfurt, Germany



Political Uncertainty and Household Stock Market Participation

Vikas Agarwal, Hadiye Aslan, Lixin Huang, Honglin Ren

Georgia State University, United States of America

FIIE-5: Bank Supervision
Location: D -113
Chair: Dragana Cvijanovic, Warwick Business School
 

Supra(National) Supervision

Rainer Haselmann1, Shikhar Singla2, Vikrant Vig2

1: Goethe University Frankfurt, Germany; 2: London Business School



Regulatory Scrutiny and Bank Credit Supply

James Wang, Ivan Ivanov

Federal Reserve Board, United States of America



“Inspect what you expect to get respect” Can bank supervisors kill zombie lending?

Diana Bonfim1, Geraldo Cerqueiro2, Hans Degryse3,6, Steven Ongena4,5,3,6

1: Bank of Portugal; 2: Católica Lisbon School of Business and Economics.; 3: KU Leuven; 4: University of Zurich; 5: SFI; 6: CEPR

FIIE-14: Delegated Portfolios
Location: D -114
Chair: Veronika Pool, Vanderbilt University
 

Skill and Value Creation in the Mutual Fund Industry

Laurent Barras1, Patrick Gagliardini2, Olivier Scaillet3

1: McGill University, Canada; 2: University of Lugano, Switzerland; 3: University of Geneva, Switzerland



Do Buyside Institutions Supply Liquidity in Bond Markets? Evidence from Mutual Funds

Amber Anand2, Chotibhak Jotikasthira1, Kumar Venkataraman1

1: Southern Methodist University, United States of America; 2: Syracuse University, United States of America



Returns to Scale in Active and Passive Management

John Adams1, Darren Hayunga2, Sattar Mansi3

1: University of Texas at Arlington, United States of America; 2: University of Georgia, United States of America; 3: Virginia Tech, United States of America

     
10:00
-
10:30
Coffee break offered by BPI Gestão de Activos
10:30
-
12:00
NBIM-1: Understanding the Long-run Drivers of Asset Prices
Location: D -104
Chair: Dagfinn Rime, BI Norwegian Business School
 

Long-Term Discount Rates do not Vary Across Firms

Matti Keloharju1, Juhani Linnainmaa2, Peter Nyberg1

1: Aalto University, Finland; 2: University of Southern California



The Cross-Section of Risk-Taking and Asset Prices

Nuno Coimbra1, Helene Rey2, Rustam Jamilov2

1: Paris School of Economics, France; 2: London Business School, United Kingdom



On the Economic Value of Stock Market Return Predictors

Scott Cederburg1, Travis L. Johnson2, Michael S. O'Doherty3

1: University of Arizona; 2: University of Texas at Austin; 3: University of Missouri

APT-2: New Models in Macro-Finance
Location: D -105
Chair: Ivan Shaliastovich, UW Madison
 

Endogenous Price War Risks

Winston Dou1, Yan Ji2, Wei Wu3

1: The Wharton School, University of Pennsylvania, United States of America; 2: Hong Kong University of Science and Technology; 3: Texas A&M University



Asset Pricing with Fading Memory

Stefan Nagel1, Zhengyang Xu2

1: University of Chicago; 2: University of Michigan



Time-varying state variable risk premia in an ICAPM

Martijn Boons1, Pedro Barroso2, Paul Karehnke3

1: Nova School of Business and Economics, Portugal; 2: University of New South Wales; 3: ESCP Europe, France

MM-3: Private Information and Trade Informativeness
Location: D -106
Chair: Jerome Dugast, Universite Paris-Dauphine
 

Clients’ Connections: Measuring the Role of Private Information in Decentralised Markets

Gabor Pinter1, Peter Kondor2

1: Bank of England, United Kingdom; 2: London School of Economics



Insider Trading Under the Microscope

Andriy Shkilko

Wilfrid Laurier University, Canada



Dynamic Trade Informativeness

Jinyuan Zhang1, Bart Zhou Yueshen2

1: INSEAD, France; 2: INSEAD, Singapore

CFGE-2: What is new in Mergers and Acquisitions?
Location: D -107
Chair: Daniel Metzger, Rotterdam School of Management
 

EPS-Sensitivity and Merger Deals

Sudipto Dasgupta1, Jarrad Harford2, Fangyuan Ma3

1: Chinese University of Hong Kong, CEPR and ABFER; 2: University of Washington; 3: Chinese University of Hong Kong



A BIT Goes a Long Way: Bilateral Investment Treaties and Cross-border Mergers

Brandon Julio1, Vineet Bhagwat2, Jonathan Brogaard3

1: University of Oregon, United States of America; 2: George Washington University; 3: University of Utah



Listing Gaps, Merger Waves, and the New American Model of Equity Finance

Gabriele Lattanzio1, William L. Megginson1, Ali Sanati2

1: University of Oklahoma; 2: American University, Washington DC

CFGE-11: Politics and the economy
Location: D -110
Chair: Vikrant Vig, London Business School
 

Lobbying Externalities and Competition

Ekaterina Neretina

Tilburg University, Netherlands, The



The Externalities of Corruption: Evidence from Entrepreneurial Firms in China

Mariassunta Giannetti1, Guanmin Liao3, Xiaoyun Yu2, Jiaxing You4

1: Stockholm School of Economics, Sweden; 2: Indiana University; 3: Renmin University; 4: Xiamen University



Private Credit Under Political Influence: Evidence from France.

Anne-Laure Delatte1,2, Adrien Matray3, Noémie Pinardon-Touati4

1: CNRS, France; 2: CEPII; 3: Princeton; 4: HEC

CFGT-1: New Perspectives on Corporate Governance Theory
Location: D -111
Chair: Doron Levit, University of Pennsylvania
 

Managerial Short-Termism and Market Competition

Yan Xiong

Hong Kong University of Science and Technology



Ownership Structure, Reputation Crises and Recovery: Theory and Experiment

Thomas Noe1, Michael Rebello2, Thomas Rietz3

1: Saïd Business School & Balliol College University of Oxford, UK; 2: University of Texas at Dallas, United States of America; 3: University of Iowa, United States of America



The Economics of Deferral and Clawback Requirements: An indirect tax approach to compensation regulation

Florian Hoffmann1, Roman Inderst2, Marcus Opp3

1: Erasmus University Rotterdam; 2: Goethe University Frankfurt; 3: Stockholm School of Economics

HH-6: Household Debt
Location: D -112
Chair: Pedro Gete, IE University
 

Housing consumption and investment: evidence from shared equity mortgages

Matteo Benetton1, Philippe Bracke2, Joao Cocco3, Nicola Garbarino4

1: Haas School of Business, University of California, Berkeley; 2: Financial Conduct Authority; 3: London Business School; 4: Bank of England



The Real Effects of Secondary Market Trading Structure: Evidence from the Mortgage Market

Yesol Huh, You Suk Kim

Federal Reserve Board, United States of America



Shale Shocked: The Long-Run Effect of Wealth on Household Debt

J. Anthony Cookson1, Rawley Heimer2, Erik Gilje3

1: University of Colorado Boulder, United States of America; 2: Boston College, United States of America; 3: University of Pennsylvania, Wharton School of Business, United States of America

FIIE-6: Systemic risks and runs
Location: D -113
Chair: Elena Carletti, Bocconi University
 

Systemic Risk-Shifting in Financial Networks

Jonathon Hazell1, Co-Pierre Georg2,3, Matthew Elliott4

1: MIT; 2: University of Capetown; 3: Deutsche Bundesbank; 4: University of Cambridge



Operating Leverage, Coordination Failures, and Systematic Risk

Matthieu Bouvard, Adolfo de Motta

McGill University, Canada



A Dynamic Model of Systemic Bank Runs

Xuewen Liu

HKUST, Hong Kong S.A.R. (China)

FIIE-15: Private Equity and Venture Capital
Location: D -114
Chair: Oleg Gredil, Tulane University
 

Capital Gains Tax, Venture Capital and Innovation in Start-ups

Lora Dimitrova1, Sapnoti Eswar2

1: University of Exeter, United Kingdom; 2: University of Cincinnati



Value Creation and Persistence in Private Equity

Markus Biesinger1,2, Cagatay Bircan1, Alexander Ljungqvist3

1: European Bank for Reconstruction and Development, United Kingdom; 2: Darmstadt University of Technology; 3: Stockholm School of Economics and CEPR



Volatility and Venture Capital

Ryan H Peters

Tulane University, United States of America

     
12:00
-
13:30
Lunch break
13:30
-
15:00
APE-12: Empirical macro-finance
Location: D -104
Chair: Michael Weber, University of Chicago
 

Demand Elasticities, Nominal Rigidities and Asset Prices

Nuno Clara

London Business School, United Kingdom



How Safe Are Safe Havens?

Sven Klingler1, Suresh Sundaresan2

1: BI Oslo, Norway; 2: Columbia University



The Short Duration Premium

Andrei Goncalves

University of North Carolina at Chapel Hill, United States of America

BIS-1: Exchange Rates and Financial Conditions
Location: D -105
Chair: Boris Hofmann, Bank for International Settlements
 

Intermediary Leverage and Currency Risk Premium

Xiang Fang

University of Pennsylvania, United States of America



Exchange Rate Exposure and Firm Dynamics

Juliana Salomao1, Liliana Varela2

1: University of Minnesota, United States of America; 2: University of Warwick



US Fiscal Cycle and the Dollar

Zhengyang Jiang

Kellogg School of Management, Northwestern University, United States of America

MM-4: Arbitrage and Informed Trading
Location: D -106
Chair: Laurence Lescourret, ESSEC Business School
 

Why is capital slow moving? Liquidity hysteresis and the dynamics of informed capital

James Dow1, Jungsuk Han2, Francesco Sangiorgi3

1: London Business School; 2: Stockholm School of Economics; 3: Frankfurt School of Finance & Management, Germany



Limits to Arbitrage in Markets with Stochastic Settlement Latency

Nikolaus Hautsch1,3,4, Christoph Scheuch1,2, Stefan Voigt1,2

1: Vienna Graduate School of Finance, Austria; 2: WU (Vienna University of Economics and Business), Austria; 3: University of Vienna, Austria; 4: Center for Financial Studies (CFS), Germany



Dynamic Adverse Selection and Liquidity

Ioanid Rosu

HEC Paris, France

CFGE-3: Gender Equality
Location: D -107
Chair: Mireia Gine, IESE Business School
 

Public Attention to Gender Equality and the Demand for Female Directors

Mariassunta Giannetti1, Tracy Wang2

1: Stockholm School of Economics, CEPR, and ECGI; 2: University of Minnesota, United States of America



Mind the Gap: Gender Stereotypes and Entrepreneur Financing

Camille Hebert

University of Toronto



Do Firms Respond to Gender Pay Gap Transparency?

Morten Bennedsen1, Elena Simintzi2, Margarita Tsoutsoura3, Daniel Wolfenzon4

1: University of Copenhagen, Denmark; 2: Kenan-Flagler Business School, USA; 3: Cornell University, USA; 4: Columbia University, USA

CFGE-12: Debt and Investment
Location: D -110
Chair: Ramin P Baghai, Stockholm School of Economics
 

But wait, there's more... debt: The Effects of Pension Overhang on Corporate Policies

Emmanuel Alanis1, Sudheer Chava2, Peter Simasek3

1: Texas State University; 2: Georgia Institute of Technology; 3: Georgia Institute of Technology



The Leveraging of Silicon Valley

Jesse Eugene Davis1, Adair Morse2, Xinxin Wang1

1: University of North Carolina at Chapel Hill; 2: University of California, Berkeley



Debt Issuance in the Era of Passive Investment

Michele Dathan, Sergei Davydenko

University of Toronto, Rotman School of Management

CFGT-2: Capital Structure: Theory
Location: D -111
Chair: Daniel Ferreira, London School of Economics
 

Conflicting Priorities: A Theory of Covenants and Collateral

Jason R Donaldson1, Denis Gromb2, Giorgia Piacentino3

1: Washington University in St Louis; 2: HEC Paris; 3: Columbia University, United States of America



Optimal leverage, transparency and the decision to go public

Giulio Trigilia

University of Rochester, United States of America



Equity Issuance Methods and Dilution

Mike Burkart, Hongda Zhong

London School of Economics and Political Science

BF-1: Behavioral Factors in Valuation: Empirical Evidence
Location: D -112
Chair: Francesco D'Acunto, Boston College
 

Background Noise? TV Advertising Affects Real Time Investor Behavior

Jura Liaukonyte2, Alminas Zaldokas1

1: Hong Kong University of Science and Technology, Hong Kong S.A.R. (China); 2: Cornell University, USA



Cultural Biases in Equity Analysis

Vesa Pursiainen

Imperial College London



Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field

Stephen Dimmock1, Roy Kouwenberg2, Olivia S. Mitchell3, Kim Peijnenburg4

1: Nanyang Technological University; 2: Mahidol University; 3: The Wharton School; 4: EDHEC Business School

FIIE-7: Regulation, Credit and Hedge funds
Location: D -113
Chair: Sascha Steffen, Frankfurt School
 

Loan Guarantees and Credit Supply

Natalie Bachas1, Constantine Yannelis2, Olivia Kim3

1: Princeton, United States of America; 2: Chicago Booth School of Business; 3: MIT Sloan



Bank-Intermediated Arbitrage

Nina Boyarchenko, Thomas Eisenbach, Pooja Gupta, Or Shachar, Peter Van Tassel

Federal Reserve Bank of New York, United States of America



Capital Regulations and Credit Line Management during Crisis Times

Paul Pelzl1,2,3, Maria Teresa Valderrama4

1: The VU Amsterdam, Netherlands; 2: Tinbergen Institute; 3: De Nederlandsche Bank; 4: Oesterreichische National Bank

FIIE-16: Credit standard and financial distress
Location: D -114
Chair: Victoria Ivashina, Harvard University
 

Going the Extra Mile: Distant Lending and Credit Cycles

Joao Granja, Christian Leuz, Raghuram Rajan

University of Chicago, United States of America



The Economic Costs of Financial Distress

Emilia Garcia-Appendini1, Cláudia Custódio2, Miguel Ferreira3

1: University of Zurich, Switzerland; 2: Imperial College Business School; 3: Nova School of Business and Economics



Securities laws and the choice between loans and bonds for highly levered firms

Robert Prilmeier1, René M. Stulz2

1: Tulane University; 2: The Ohio State University

Panel 1: Fintech: Challenges to Regulation and Financial Stability
Location: D 139

Organized in collaboration with the Banco de Portugal

   
15:00
-
15:30
Coffee break
15:30
-
17:00
APE-3: Expectations Management by Central Banks
Location: D -104
Chair: Emanuel Moench, Deutsche Bundesbank
 

What to Expect from the Lower Bound on Interest Rates: Evidence from Derivatives Prices

Thomas Mertens1, John Williams2

1: Federal Reserve Bank of San Francisco, United States of America; 2: Federal Reserve Bank of New York



How does the Fed manage interest rate expectations?

Robin Darius Tietz1,2

1: Cass Business School, United Kingdom; 2: Harvard University



Gauging the Sentiment of Federal Open Market Committee Communications through the Eyes of the Financial Press

Shantanu Banerjee, Michiel De Pooter, Olesya V. Grishchenko, Brad Strum, Cait Walsh

Federal Reserve Board, United States of America

APT-3: Equilibrium Models in Asset Pricing
Location: D -105
Chair: Juliana Salomao, University of Minnesota
 

A Unified Model of Distress Risk Puzzles

Dirk Hackbarth1, Zhiyao Chen2, Ilya Strebulaev3

1: Boston University, CEPR, and ECGI; 2: Chinese University of Hong Kong; 3: Graduate School of Business, Stanford University, and NBER



Asset Prices and Unemployment Fluctuations

Pierlauro Lopez1, Patrick Kehoe2, Virgiliu Midrigan3, Elena Pastorino4

1: Banque de France; 2: Stanford University and Federal Reserve Bank of Minneapolis; 3: New York University; 4: Hoover Institution Stanford University



Leverage

Tano Santos1, Pietro Veronesi2

1: Columbia University; 2: University of Chicago, United States of America

IF-1: International Finance
Location: D -106
Chair: Tony Zhang, Boston University
 

Cross-Currency Consistency, Three-Part SDF Factorizations, and an Impossibility Theorem for the Stationarity of Exchange Rates in International Economies

Gurdip Bakshi1, John Crosby2

1: Temple University, United States of America; 2: University of Maryland, United States of America



Global Risks in the Currency Market

George Panayotov

HKUST, Hong Kong S.A.R. (China)



Time-Varying Risk Premia in Large International Equity Markets

Ines Chaieb1, Hugues Langlois2, Olivier Scaillet1

1: University of Geneva, Switzerland; 2: HEC Paris, France

CFGE-4: Determinants and consequences of competition
Location: D -107
Chair: Rui Albuquerque, Boston College
 

Incentives and Competition in the Airline Industry

Rajesh Aggarwal1, Carola Schenone2

1: Northeastern University, United States of America; 2: University of Virginia, United States of America



U.S. Innovation and Chinese Competition for Innovation Production

Gerard Hoberg3, Bruce Li3, Gordon Phillips1,2

1: Tuck School of Business at Dartmouth College; 2: National Bureau of Economic Research; 3: Marshall School of Business, University of Southern California



Common Ownership and Market Entry: Evidence from the Pharmaceutical Industry

Melissa Newham1, Jo Seldeslachts1, Albert Banal-Estanol2

1: DIW Berlin; 2: Universitat Pompeu Fabra, Spain

CFGE-13: Conflicts between Shareholders and Other Stakeholders
Location: D -110
Chair: Mariassunta Giannetti, Stockholm School of Economics
 

When Shareholders Disagree: Trading after Shareholder Meetings

Ernst Maug1, Sophia Li2, Miriam Schwartz-Ziv3

1: Universität Mannheim, Germany; 2: Rutgers Business School; 3: Michigan State University



The Limits of Limited Liability: Evidence from Industrial Pollution

Pat Akey1, Ian Appel2

1: University of Toronto, Canada; 2: Boston College



Brick or Treat: Hedge Fund Activism and Real Estate Sale-Leasebacks

Fang Li, Gaizka Ormazabal, Carles Vergara-Alert

IESE Business School, Spain

CFGT-3: Blockholders and Investor Activism: Theory
Location: D -111
Chair: Amil Dasgupta, London School of Economics
 

Large Shareholders and Financial Distress

Christian Opp

The Wharton School, University of Pennsylvania, United States of America



Dark Knights: The Rise in Firm Intervention by CDS Investors

Andras Danis1, Andrea Gamba2

1: Scheller College of Business, Georgia Institute of Technology; 2: Warwick Business School, University of Warwick



Blockholder Disclosure Threshold and Hedge Fund Activism

Guillem Ordonez-Calafi1, Dan Bernhardt2,3

1: University of Bristol, United Kingdom; 2: University of Illinois; 3: University of Warwick

BF-2: Behavioral Factors in Valuation: Theory
Location: D -112
Chair: Liyan Yang, University of Toronto
Chair: Fernando Anjos, Nova School of Business and Economics
 

Choosing to Disagree

Naveen Gondhi1, Snehal Banerjee2, Jesse Davis3

1: INSEAD, France; 2: UCSD; 3: UNC Chapel Hill



Trading Complex Risks

Felix Fattinger

University of Melbourne, Department of Finance, Australia



Stock Return Extrapolation, Option Prices, and Variance Risk Premium

Adem Atmaz

Purdue University, United States of America

FIIE-8: Financing innovations and funding
Location: D -113
Chair: Tobias Berg, Frankfurt School of Finance and Management
 

Financial Inclusion, Human Capital, and Wealth Accumulation: Evidence from the Freedman's Savings Bank

Luke Stein1, Constantine Yannelis2

1: Arizona State University, United States of America; 2: University of Chicago, United States of America



Completing Markets with Contracts: Evidence from the First Central Clearing Counterparty

Guillaume Vuillemey1,2

1: HEC Paris, France; 2: CEPR



Are risky banks rationed by corporate depositors?

Daniel Friedmann1, Bjorn Imbierowicz2, Anthony Saunders3, Sascha Steffen4

1: Goethe University Frankfurt; 2: Deutsche Bundesbank; 3: New York University - Stern School; 4: Frankfurt School of Finance and Management

FIIE-17: Banking liquidity, solvency and regulation
Location: D -114
Chair: Jason Roderick Donaldson, Washington University in St Louis
 

Regulating Financial Networks Under Uncertainty

Carlos Ramirez

Federal Reserve Board, United States of America



Insolvency-Illiquidity, Externalities and Regulation

Ester Faia1,2

1: Goethe University Frankfurt, Germany; 2: CEPR



Learning in Bank Runs

Eva Schliephake1, Joel Shapiro2

1: University of Bonn, Germany; 2: Saïd Business School, University of Oxford

     
18:30 Bus Get Together: Check exact route time and book your ride on time!
19:00
-
21:30
GT: Get Together and explore Lisbon on your own
Location: Estufa Fria

Participants are welcome to join the Get Together event, an informal gathering to enjoy a networking evening in the beautiful atmosphere of Estufa Fria. The Estufa Fria is a greenhouse located in the heart of Lisbon city. Participants who wish to visit Lisbon can explore the city on their own after the event.


 
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