Fourth annual ECB macroprudential policy and research conference, Frankfurt am Main - Hoofdinhoud

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  indicates the presenter

Monday, 16 December 2019

12:30

Registration and light lunch

14:00

Opening remarks

Luis de Guindos, Vice-President of the ECB

Session 1: Interaction between macroprudential policy and monetary policy

Chair: Massimo Rostagno, ECB

14:30

The costs of macroprudential deleveraging in a low interest rate environment

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  Jack Chen, IMF
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  Daria Finocchiaro, Sveriges Riksbank
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  Jesper Lindé, IMF
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  Karl Walentin*, Sveriges Riksbank

Discussant: Anton Korinek, University of Virginia

15:30

Monetary and financial policies for emerging markets

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  Kosuke Aoki, University of Tokyo
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  Gianluca Benigno, LSE
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  Nobuhiro Kiyotaki*, Princeton University

Discussant: Alejandro Van der Ghote, ECB

16:30

Coffee break

17:00

Competition, stability and efficiency in the banking industry

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  Dean Corbae*, University of Wisconsin-Madison
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  Ross Levine, UC Berkeley

Discussant: David Martinez-Miera, Universidad Carlos III de Madrid

18:00

Prudential monetary policy

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  Ricardo Caballero, MIT
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  Alp Simsek*, MIT

Discussant: Alberto Martin, ECB

19:15

Dinner with speech by Sir Paul Tucker, Harvard Kennedy School

Tuesday, 17 December 2019

Session 2: Bank capital

Chair: Fatima Pires, ECB

9:00

The impact of bank regulation on the cost of credit: Evidence from a discontinuity in capital requirements

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  Emilia Bonaccorsi di Patti, Banca d’Italia
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  Mirko Moscatelli, Banca d’Italia
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  Stefano Pietrosanti*, University of Pennsylvania

Discussant: Diane Pierret, Luxembourg School of Finance

10:00

Bank capital redux: Solvency, liquidity and crisis?

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  Òscar Jordà, Federal Reserve Bank of San Francisco
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  Björn Richter, University of Bonn
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  Moritz Schularick, University of Bonn
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  Alan Taylor*, UC Davis

Discussant: Kilian Rieder, Oesterreichische Nationalbank

11:00

Coffee

11:30

The interdependence of bank capital and liquidity

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  Elena Carletti, Bocconi University
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  Itay Goldstein, University of Pennsylvania
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  Agnese Leonello*, ECB

Discussant: Nicolas Inostroza, University of Toronto

12:30

Lunch

13:30

Keynote speech

Can policy tame the credit cycle?

Jeremy Stein, Harvard University

14:30

Policy panel

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  Elga Bartsch, BlackRock
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  Vítor Constâncio, former ECB Vice-President
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  Anil Kashyap, University of Chicago
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  Hyun Song Shin, BIS

Chair: Philip Lane, ECB

15:30

Coffee break

Session 3: Beliefs, politics and macroprudential regulation

Chair: Enrico Perotti, University of Amsterdam

16:00

Financial policy in an exuberant world

Ansgar Walther*, Imperial College

Discussant: Lin Shen, INSEAD

17:00

Electoral cycles in macroprudential regulation

Karsten Müller*, Princeton University

Discussant: Emilia Bonaccorsi di Patti, Banca d’Italia

18:00

End of Conference

This programme may be subject to change without notice.

Audiovisual notice: Please note that media will be attending and photography and filming activities will take place during the event.

General information

Conference venue

European Central Bank

Main building

Room C3.08/09

Sonnemannstrasse 20

60314 Frankfurt am Main

+49 69 1344 0

Fax: +49 69 1344 6000

info@ecb.europa.eu

Transfers

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

Conference language

English

Organisers

Angela Maddaloni

Florian Heider

Thomas Vlassopoulos

Christoffer Kok

Contacts

Julia Harms

Directorate General Macroprudential Policy and Financial Stability

+49 69 1344 9864

julia.harms@ecb.europa.eu

Ana Maria Borlescu

Directorate General Research

+49 69 1344 95894

Ana_Maria.Borlescu@ecb.europa.eu