Joint conference of the European Central Bank and the Journal of Money, Credit and Banking

Financial intermediation, regulation and economic policy: the 50th anniversary of the Journal of Money, Credit and Banking

Thursday, 28 and Friday, 29 March 2019
ECB main building, Press Room, Frankfurt am Main

Programme

* indicates the presenter

Pictures of the event


Thursday, 28 March 2018

9:45
Registration and coffee
10:10

Opening remarks

Luis de Guindos, Vice-President, European Central Bank
Robert DeYoung, Co-Editor, Journal of Money, Credit and Banking

10:30

Academic keynote speech

Gary Gorton, Yale School of Management

11:15

Session 1: The future of financial intermediation

Chair: Robert DeYoung, University of Kansas

“On the scale of financial intermediaries”

  • Tobias Adrian, International Monetary Fund
  • Nina Boyarchenko*, Federal Reserve Bank of New York
  • Hyun Song Shin, Bank for International Settlement

Discussant: Deborah Lucas, MIT Sloan School of Management

12:00
Coffee break
12:15

Policy keynote speech

Randal K. Quarles, Vice Chairman for Supervision, Federal Reserve Board and Chairman of the Financial Stability Board

13:00
Buffet lunch
14:30

Session 2: Information in banking

Chair: Luc Laeven, European Central Bank

“Bad times, good credit”

Presentation

  • Bo Becker, Stockholm School of Economics
  • Marieke Bos, Stockholm University
  • Kasper Roszbach*, Norges Bank

Discussant: Evren Örs, HEC Paris

15:15
Coffee break
15:30

“Show me yours and I'll show you mine: information sharing in a competitive microcredit market”

Presentation

  • Ralph De Haas*, European Bank for Reconstruction and Development
  • Matteo Millone, VU University Amsterdam
  • Jaap Bos, Maastricht University

Discussant: Marco Pagano, University of Naples

16:15
Coffee break
16:30

Policy panel

Moderator: Stephen G. Cecchetti, Brandeis International Business School

Panellists:

18:30
Drinks followed by conference dinner

Friday, 29 March 2018

9:30

Registration and coffee

10:00

Session 3: Risk taking and regulatory arbitrage

Chair: Stefan Walter, ECB Banking Supervision

“Negative monetary policy rates and systemic banks’ risk-taking: evidence from the euro area administrative securities register”

  • Johannes Bubeck, University of Mannheim
  • Angela Maddaloni*, European Central Bank
  • José-Luis Peydró, ICREA-Universitat Pompeu Fabra

Discussant: Skander Van den Heuvel, Federal Reserve Board

10:45
Coffee break
11:00

“Bank leverage limits and regulatory arbitrage: new evidence on a recurring question”

Presentation

  • Dong Beom Choi, Federal Reserve Bank of New York
  • Michael R. Holcomb, Federal Reserve Bank of New York
  • Donald P. Morgan*, Federal Reserve Bank of New York

Discussant: Joe Peek, Federal Reserve Bank of Boston

11:45
Coffee break
12:00

Session 1 continued: The future of financial intermediation

Chair: Robert DeYoung, University of Kansas

“Open banking and capital requirements”

  • Peter Eccles*, Bank of England
  • Paul Grout, University of Bristol
  • Paolo Siciliani, Bank of England

Discussant: Jean-Charles Rochet, Geneva Finance Research Institute

12:45
Buffet lunch
13:45

Session 4: Trust and biases in financial intermediation

Chair: Philipp Hartmann, European Central Bank

“Domestic banks as lightning rods? Home bias and information during the eurozone crisis”

Orkun Saka*, London School of Economics and Political Science

Discussant: Alexander Popov, European Central Bank

14:30
Coffee break
14:45

“Bank size and household financial sentiment: surprising evidence from University of Michigan Surveys of Consumers”

  • Allen N. Berger*, University of South California
  • Felix Irresberger, University of Leeds
  • Raluca A. Roman, Federal Reserve Bank of Philadelphia

Discussant: Glenn Schepens, European Central Bank

15:30

Closing remarks

Philipp Hartmann, European Central Bank

16:00
End of conference

This programme may be subject to change without notice.

Media will also be present at the conference.

General information

Conference venue

European Central Bank
Main building
Sonnemannstrasse 20
60314 Frankfurt am Main

+49 69 1344 0
Fax: +49 69 1344 6000
info@ecb.europa.eu

Conference language

English

Transfers

Participants are requested to arrange their own transfers, unless indicated otherwise.

Organisers

Robert DeYoung
University of Kansas
Co-Editor, Journal of Money, Credit and Banking

Luc Laeven
Directorate General Research
European Central Bank

Philipp Hartmann
Directorate General Research
European Central Bank

Raquel Gil-Antona
Directorate General Research
European Central Bank

Deborah Marinelli
Directorate General Research
European Central Bank

Contact