Conference Agenda

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Only Sessions at Location/Venue 
Session Overview
Location: D -114
Date: Thursday, 22/Aug/2019
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

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

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

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

Date: Friday, 23/Aug/2019
FIIT-1: Banks' responses to macroprudential policies
Location: D -114
Chair: Leonardo Gambacorta, Bank for International Settlements

The Aggregate Demand for Bank Capital

Milton Harris1, Christian Opp2, Marcus Opp3

1: University of Chicago; 2: University of Pennsylvania; 3: Stockholm School of Economics

The Anatomy of the Transmission of Macroprudential Policies

Viral V. Acharya2, Katharina Bergant3, Matteo Crosignani4, Tim Eisert1, Fergal McCann5

1: Erasmus University Rotterdam, Netherlands, The; 2: Reserve Bank of India; 3: Trinity College Dublin; 4: University of Michigan; 5: Central Bank of Ireland

Macroprudential FX Regulations:Shifting the Snowbanks of FX Vulnerability?

Dennis Reinhardt1, Kristin Forbes2, Toni Ahnert3, Christian Friedrich3

1: Bank of England, United Kingdom; 2: MIT, NBER, CEPR; 3: Bank of Canada

FIIT-2: Designing bank regulation and supervision
Location: D -114
Chair: Joao Santos, Federal Reserve Bank of New York

Illiquidity, Closure Policies and the Role of LOLR

Stefano Corradin1, Suresh Sundaresan2

1: European Central Bank, Germany; 2: Columbia University

Stress Testing and Bank Lending

Joel Shapiro1, Jing Zeng2

1: University of Oxford; 2: Frankfurt School of Finance and Management

Sovereign risk and bank fragility

Kartik Anand, Jochen Mankart

Deutsche Bundesbank

FIIT-3: Dealers and market power
Location: D -114
Chair: Katrin Tinn, Imperial College Business School

Taking Orders and Taking Notes: Dealer Information Sharing in Treasury Auctions

Nina Boyarchenko2, David Lucca2, Laura Veldkamp1

1: Columbia Business School, United States of America; 2: Federal Reserve Bank of New York

Prime Broker Exposures, Collateral, and Resilience in Hedge Fund Credit Networks

Mathias S Kruttli2,4, Phillip J Monin3, Sumudu W Watugala1,4

1: Cornell University; 2: Federal Reserve Board of Governors; 3: Office of Financial Research, US Department of the Treasury; 4: Oxford-Man Institute of Quantitative Finance, University of Oxford

Risk-Sharing and Investment in Concentrated Markets

Daniel Neuhann, Michael Sockin

University of Texas at Austin, United States of America

Date: Saturday, 24/Aug/2019
FIIT-4: Collateral and market fragility
Location: D -114
Chair: John Chi-Fong Kuong, INSEAD
Chair: Sergio Vicente, Queen Mary University of London

The Opportunity Cost of Collateral

Jason Roderick Donaldson1, Mina Lee1, Giorgia Piacentino2

1: Washington University in St Louis, United States of America; 2: Columbia Business School, USA

Collateral Runs

Sebastian Infante, Alexandors P. Vardoulakis

Federal Reserve Board, United States of America

Dynamic Asset-Backed Security Design

Emre Ozdenoren2, Kathy Yuan1, Shengxing Zhang1

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

FIIT-5: Funding liquidity
Location: D -114
Chair: Gyongyi Loranth, University of Vienna

A theory of liquidity in private equity

Per Strömberg1, Vincent Maurin1, David Robinson2

1: Stockholm School of Economics, Sweden; 2: Duke University

Crowdfunding, Initial Coin Offerings, and Consumer Surplus

Mina Lee1, Christine Parlour2

1: Washington University in St Louis, United States of America; 2: University of California Berkeley, United States of America

Dealer Funding and Market Liquidity

Max Bruche1, John Kuong2

1: Humboldt University of Berlin; 2: INSEAD

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