13th conference of the ECB-CFS Research Network: Macro-prudential Regulation as an Approach to Contain Systemic Risk: Economic Foundations, Diagnostic Tools and Policy Instruments
In cooperation with the Centre for Economic Policy Research and hosted by the European Central Bank
27-28 September 2010
Day 1 - 27 September
8:15-8:45 | Registration |
8:30-9:00 | Welcome coffee |
9:00-9:15 | Opening Remarks Jean-Claude Trichet (European Central Bank) more |
9:15-10:05 | Keynote Speech 1: Gertrude Tumpel-Gugerell (European Central Bank) The Interplay of Banking, Financial Intermediation and Regulation more |
10:05-10:25 | Coffee break |
10:25-11:15 | Keynote Speech 2: Robert Engle (NYU Stern Business School) NYU Stern Systemic Risk Ranking download |
11:15-12:50 | SESSION 1: MEASURING SYSTEMIC RISK |
Chair: Philipp Hartmann (European Central Bank) Baeho Kim (Korea University Business School): Jian Yang (University of Colorado): Discussant: Mathias Drehmann (Bank for International Settlements) |
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12:50-13:50 | Lunch |
13:50-16:10 | SESSION 2: APPLIED RESEARCH INTO THE SOURCES, TRANSMISSION CHANNELS AND REAL EFFECTS OF FINANCIAL CRISES |
Chair: Alberto Giovannini (Unifortune) Erlend Nier (International Monetary Fund): Pierre Monnin (Swiss National Bank): Sujit Kapadia (Bank of England): Discussant: Laurent Clerc (Banque de France) |
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16:10-17:00 | Keynote Speech 3: Anil Kashyap (University of Chicago) A Macroprudential Approach to Financial Regulation download |
17:00-17:20 | Coffee break |
17:20-18:55 | SESSION 3: MACRO-PRUDENTIAL MEASURES TO CONTAIN SYSTEMIC RISK |
Chair: Mauro Grande (European Central Bank) Anton Korinek (University of Maryland): Julien Bengui (University of Maryland): Discussant: Sudipto Bhattacharya (London School of Economics and CEPR) |
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20:00 | Dinner Dinner Address: Vítor Constâncio (Vice President, European Central Bank) Macro-prudential Supervision in Europe more |
Day 2 - 28 September
8:30- 9:00 | Coffee |
9:00-10:35 | SESSION 4: COUNTERING PRO-CYCLICAL BANKING SYSTEMS – CAPITAL REGULATION, DYNAMIC PROVISIONING AND MONETARY POLICY |
Chair: Jan-Pieter Krahnen (University of Frankfurt and CEPR) Ignazio Angeloni (European Central Bank): Jose Fillat (Federal Reserve Bank of Boston): Discussant: Pierre-Richard Agénor (University of Manchester) |
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10:35-11:35 | Keynote Speech 4: John Geanakoplos (Yale University) The Leverage Cycle and Financial-Macroeconomic Stability paper 1 paper 2 paper 3 |
11:35-11:55 | Coffee break |
11:55-13:30 | SESSION 5: INCORPORATING FINANCIAL INSTABILITY IN AGGREGATE MODELS |
Chair: Xavier Freixas (Universitat Pompeu Fabra and CEPR) Yuliy Sannikov (Princeton University): Frederic Boissay (European Central Bank): Discussant: Péter Karádi (Magyar Nemzeti Bank) |
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13:30-14:30 | Lunch |