Conference Agenda

 
 
Session Overview
Location: Auditorium (floor 1)
Date: Thursday, 17/Aug/2023
8:30am
-
10:00am
AP 02: Preferences, biases, and asset pricing
Location: Auditorium (floor 1)
Chair: Alireza Tahbaz-Salehi, Northwestern University
 

Asset Pricing with Complexity

Mads Nielsen1, Antoine Didisheim2

1: Utrecht University; 2: University of Melbourne



Identifying preference for early resolution from asset prices

Hengjie Ai1, Ravi Bansal2, Hongye Guo3

1: University of Wisconsin, United States of America; 2: Duke University; 3: University of Hong Kong



Dynamic Trading and Asset Pricing with Time-Inconsistent Agents

Stig Lundeby, Zhaneta Krasimirova Tancheva

BI Norwegian Business School, Norway

10:30am
-
12:00pm
AP 05: Stock Price Drivers
Location: Auditorium (floor 1)
Chair: Jules H. van Binsbergen, The University of Pennsylvania
 

Dogs and cats living together: A defense of cash-flow predictability

Seth Pruitt

Arizona State University, United States of America



The Optimal Stock Valuation Ratio

Sebastian Hillenbrand1, Odhrain McCarthy2

1: Harvard Business School; 2: New York University



Government Policy Announcement Return

Yang LIU1, Ivan Shaliastovich2

1: University of Hong Kong, Hong Kong S.A.R. (China); 2: University of Wisconsin Madison

1:30pm
-
3:00pm
AP 08: Intermediaries and International Capital Markets (co-chaired by BlackRock)
Location: Auditorium (floor 1)
Chair: Egle Karmaziene, Vrije Universiteit Amsterdam
Chair: Monique Donders, BlackRock
 

Intermediary Balance Sheets and the Treasury Yield Curve

Wenxin Du1, Ben Hebert2, Wenhao Li3

1: University of Chicago and FRBNY; 2: Stanford University; 3: University of Southern California



Foreign Exchange Intervention with UIP and CIP Deviations: The Case of Small Safe Haven Economies

Kenza Benhima, Philippe Bacchetta, Brendan Berthold

HEC-Lausanne (University of Lausanne), Switzerland



Can Time-Varying Currency Risk Hedging Explain Exchange Rates?

Leonie Braeuer1,2, Harald Hau1,2,3

1: University of Geneva, Switzerland; 2: Swiss Finance Institute; 3: CEPR


Date: Friday, 18/Aug/2023
8:30am
-
10:00am
BIS: Digital Assets and The Future of Finance
Location: Auditorium (floor 1)
Chair: Andreas Schrimpf, Bank for International Settlements
 

Can Stablecoins be Stable?

Adrien d'Avernas1, Vincent Maurin1, Quentin Vandeweyer2

1: Stockholm School of Economics, Sweden; 2: Chicago Booth



Stablecoin Runs

Yiming Ma1, Yao Zeng2, Anthony Lee Zhang3

1: Columbia Business School, United States of America; 2: Wharton; 3: Chicago Booth



Keeping Up in the Digital Era: How Mobile Technology Is Reshaping the Banking Sector

Charlotte Haendler

Southern Methodist University, United States of America

10:30am
-
12:00pm
ECB: The Risks of Soaring Inflation and Policy Rate Hikes
Location: Auditorium (floor 1)
Chair: Angela Maddaloni, European Central Bank
 

(In)dependent Central Banks

Vasso Ioannidou1, Sotirios Kokas2, Thomas Lambert3, Alexander Michaelides4

1: Bayes Business School and CEPR; 2: University of Essex; 3: Rotterdam School of Management, Erasmus University, Netherlands, The; 4: Imperial College London and CEPR



Liquidity Dependence: Why Shrinking Central Bank Balance Sheets is an Uphill Task

Sascha Steffen3, Viral Acharya1, Rahul Chauhan2, Raghuram Rajan3

1: NYU Stern School of Business; 2: University of Chicago Booth School of Business; 3: Frankfurt School of Finance & Management



Money Markets and Bank Lending: Evidence from the Tiering Adoption

Altavilla Carlo2, Miguel Boucinha2, Lorenzo Burlon2, Mariassunta Giannetti1, Julian Schumacher2

1: Stockholm School of Economics, Sweden; 2: European Central Bank

1:30pm
-
3:00pm
NBIM: Understanding the Long-Run Drivers of Asset Prices
Location: Auditorium (floor 1)
Chair: Christian Heyerdahl-Larsen, BI Norwegian Business School
 

Market Power in the Securities Lending Market

Shuaiyu Chen3, Ron Kaniel2, Christian Opp1

1: University of Rochester & NBER; 2: University of Rochester; 3: Purdue University



The Financial Premium

Jens Dick-Nielsen, Peter Feldhütter, David Lando

Copenhagen Business School, Denmark



Asset Demand of U.S. Households

Xavier Gabaix2, Ralph Koijen1, Federico Mainardi1, Sangmin Oh1, Motohiro Yogo3

1: Chicago Booth, United States of America; 2: Harvard University; 3: Princeton University


Date: Saturday, 19/Aug/2023
9:30am
-
11:00am
AP 16: Short Sales
Location: Auditorium (floor 1)
Chair: Adam Reed, Kenan-Flagler Business School - UNC
 

Short Covering

Jesse Blocher1, Xi Dong2, Matthew Ringgenberg3, Pavel Savor4

1: Owen Graduate School of Management, Vanderbilt University, United States of America; 2: Zicklin School of Business, Baruch College - CUNY, United States of America; 3: University of Utah, United States of America, United States of America; 4: Driehaus College of Business, DePaul University, United States of America



Geographic Proximity in Short Selling

Xiaolin Huo1, Xin Liu1, Vesa Pursiainen2

1: Renmin University of China; 2: University of St.Gallen and Swiss Finance Institute



Anomalies and Their Short-Sale Costs

Dmitriy Muravyev2,3, Neil D. Pearson1,3, Joshua M. Pollet1

1: University of Illinois at Urbana-Champaign; 2: Michigan State University; 3: Canadian Derivatives Institute

11:30am
-
1:00pm
AP 19: Asset Pricing Impacts of US Monetary Policy
Location: Auditorium (floor 1)
Chair: Harald Hau, University of Geneva
 

Safe Asset Scarcity and Monetary Policy Transmission

Benoit Nguyen1, Davide Tomio2, Miklos Vari1

1: Banque de France; 2: University of Virginia - Darden School of Business



Monetary Policy and Financial Stability

Joao Gomes, Sergey Sarkisyan

Wharton School, United States of America



Can the Fed Control Inflation? Stock Market Implications

Daniel Andrei1, Michael Hasler2

1: McGill University, Canada; 2: University of Texas at Dallas, United States of America