Navigation Path: Home > Events > Conferences & seminars > Eleventh Conference of the ECB-CFS Research Network on The Market for Retail Financial Services: Development, Integration, and Economic Effects
Programme:
| 08:30 - 09:00 | Registration |
| 09:00 - 09:20 | Opening remarks – Zdeněk Tůma (Governor, Česká národní banka)
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| 09:20 - 11:00 | Session I – Retail Banks: Competition, M&As and Cross-Border Issues Chair: Peter Mooslechner (Oesterreichische Nationalbank): tbc Ben Craig (Federal Reserve Bank of Cleveland): Bank mergers and the dynamics of deposit interest rates with V. Dinger (University of Bonn) Ignacio Hernando (Banco de España): Determinants of domestic and cross border bank acquisitions in the European Union with M. Nieto (Banco de España) and L. Wall (Federal Reserve Bank of Atlanta) Adrian van Rixtel (Banco de España): Impact of bank competition on the interest rate pass-through in the Euro area with M. van Leuvensteijn (CPB Netherlands Bureau for Economic Policy Analysis), C. Kok Sorensen (European Central Bank), and J. Bikker (De Nederlandsche Bank) Discussant: Jiri Podpiera (Česká národní banka) |
| 11:00 - 11:20 | Coffee break |
| 11:20 - 12:40 | Session IIa – Payment Systems Chair: Cornelia Holthausen (European Central Bank) Sujit Chakravorti (Federal Reserve Bank of Chicago): Consumer choice and merchant acceptance of payment media with W. Bolt (De Nederlandsche Bank) Kari Kemppainen (Bank of Finland): Integration of European retail payment systems: some economics of SEPA Discussant: Henri Pages (Banque de France) |
| 11:20 - 12:40 | Session IIb – Access to Credit Chair: Jan Frait (Czech National Bank) Kartik Athreya (Federal Reserve Bank of Richmond): A quantitative theory of information and unsecured credit with X. Tam (University of Virginia) and E. Young (University of Virginia) Richard Scheelings (Allan Arthur Robinson, Melbourne, Australia): The effect of Homestead exemption levels in state and federal bankruptcy law on individuals' access to credit: evidence from a US panel Discussant: Christa Hainz (Ifo Institute for Economic Research) |
| 12:40 - 14:00 | Lunch |
| 14:00 - 14:45 | Keynote speech – The Role of Retail Finance on Financial Markets Efficiency and Stability Gertrude Tumpel-Gugerell (Member of the Executive Board, European Central Bank) |
| 14:45 - 16:25 | Session IIIa – Recent Developments in Retail Finance Chair: Jan Pieter Krahnen (Goethe University – Frankfurt and Center for Financial Studies) Carole Bernard (University of Waterloo): Structured investment products and the retail investor with P. Boyle (Wilfrid Laurier University) Kjell Suemegi (Vienna University of Economics and Business Administration): Development and economic effects of the insurance sector in CEE and mature European economies - a theoretical and empirical analysis with P. Haiss (Vienna University of Economics and Business Administration) Jos van Bommel (University of Oxford): Endless leverage certificates with S. Rossetto (University of Warwick) Discussant: Daniel Dorn (Drexel University) |
| 14:45 - 16:25 | Session IIIb – Retail Finance in the New EU Member States Chair: Katerina Smidkova (Česká národní banka) Martin Brown (Swiss National Bank): Currency denomination of bank loans: evidence from small firms in transition countries with S. Ongena (Tilburg University) and P. Yesin (Swiss National Bank) Anita Taci (European Bank for Reconstruction and Development): What determines banks’ customer choice? Evidence from transition countries with D. Ferreira (London School of Economics) and R. de Haas (European Bank for Reconstruction and Development) Petr Zemcik (CERGE-EI): The impact of mortgages, house prices, and rents on household consumption in the Czech Republic with R. Sec (CERGE-EI) Discussant: tbc |
| 16:25 - 16:40 | Coffee Break |
| 16:40 - 18:00 | Panel – Integration of Banking Supervision Chair: Ignazio Angeloni (European Central Bank) Panelists:
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| 18:00 - 19:00 | Steering Committee meeting |
| 20:00 | Dinner at – tbc Dinner speech: Topic – tba Andreas Treichl (CEO Erste Bank) |
| 08:00 - 09:00 | Lamfalussy Fellows Breakfast – tbc |
| 09:00 - 10:40 | Session IVA – Retail Finance and SMEs Chair: Ignazio Angeloni (European Central Bank) Santiago Carbo-Valverde (Federal Reserve Bank of Chicago): Bank lending, financing constraints and SME investment with G. Udell (Indiana University) and F. Rodriguez-Fernandez (University of Granada) Hannah Hempel (Deutsche Bundesbank): Rate dispersion in retail banking - do local factors still matter? with K.-H. Fischer (Goethe University – Frankfurt) Klaus Schaeck (Bangor Business School – University of Wales): Small and medium-sized enterprises, banking relationships, and the use of venture capital with A. Berger (University of South Carolina) Discussant: Alexander Popov (European Central Bank) |
| 09:00 - 10:40 | Session IVB: Retail Finance – a Practical Angle Chair: Wiebe Ruttenberg (European Central Bank) Dubravko Mihaljek (Bank for International Settlements): The financial stability implications of increased capital flows for emerging market economies Markus Eller (Oesterreichische Nationalbank): Private sector credit in CEE countries: Recent developments and policy implications with P. Backe (Oesterreichische Nationalbank), B. Egert (OECD Economics Department) and T. Zumer ( Banka Slovenije) Nicole Jonker (De Nederlandsche Bank): Towards a European payments market: survey results on cross-border payment behaviour of Dutch consumers with A. Kosse (De Nederlandsche Bank) Discussant: Michiel van Leuvensteijn (CPB Netherlands Bureau for Economic Policy Analysis and Utrecht University) |
| 10:40 - 11:20 | Keynote speaker – Competition and Regulation in Retail Finance: A Pan-European Perspective Roman Inderst (IMFS, Goethe University - Frankfurt) |
| 11:20 - 11:40 | Coffee break |
| 11:40 - 13:00 | Panel – Current Financial Turmoil and Retail Investors: Market Participants’ View Chair: Hans-Helmut Kotz (Member of the Executive Board, Deutsche Bundesbank): tbc Panelists:
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| 13:00 - 14:20 | Lunch |
| 14:20 - 16:00 | Session V – Mortgage Markets and the Monetary Transmission Mechanism Chair: Francesco Drudi (European Central Bank) Christian Beer (Vienna University): Borrowing in foreign currency: Austrian households as carry traders with S. Ongena (Tilburg University) and M. Peter (Swiss National Bank) Deniz Igan (International Monetary Fund): Credit booms and lending standards: evidence from the subprime mortgage crisis with G. Dell’Aricia (International Monetary Fund ) and L. Laeven (International Monetary Fund) Angela Maddaloni (European Central Bank): Does monetary policy affect bank credit standards? with J-L. Peydro Alcalde (European Central Bank) and Silvia Scoppel (European Central Bank) Discussant: Vicente Cunat (London School of Economics) |
| 16:00 - 16:30 | Closing Remarks Philipp Hartmann (European Central Bank) |
