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Bank of Italy and Bocconi Financial Stability and Regulation Conference

2nd Biennial Banca d’Italia and Bocconi University Conference

“Financial Stability and Regulation”

Rome, March 19th and 20th, 2020

 

Thursday, March 19th

 

9:00-9:15         Welcome Address

                        Ignazio Visco, Governor, Banca d’Italia

 

9:15 – 10:15     Keynote Speech I

                         Chair: Eugenio Gaiotti, Head of Economics and Statistics Directorate General, Banca d’Italia

 “Market risk factors, bank leverage and real activity: an evolving relationship”

Hyun Song Shin, Bank for International Settlements

 

10:15 – 10:45   Coffee Break

 

10:45 – 13:00   Session I - Funding Stability

Chair: Giorgio Gobbi, Head of Financial Stability Directorate, Banca d’Italia

 

“Micro-evidence from a system-wide financial meltdown: The German Crisis of 1931”

Kristian Blickle, Federal Reserve Bank of New York

Markus Brunnermeier, Princeton University

Stephan Luck, Federal Reserve Bank of New York (*)

Discussant: José-Luis Peydró, Imperial College London and UPF

 

“Deposit Market Power, Funding Stability and Long-Term Credit”

Lei Li, Federal Reserve Board

Elena Loutskina, University of Virginia (*)

Philip E. Strahan, Boston College

Discussant: Mariassunta Giannetti, Stockholm School of Economics

 

“Bank Heterogeneity and Financial Stability”

Itay Goldstein, University of Pennsylvania

Alexandr Kopytov, Princeton University

Lin Shen, INSEAD (*)

Haotian Xiang, Peking University

Discussant: Max Bruche, Humboldt University

 

13:00 – 14:00   Lunch Break

 

14:00-16:15      Session II - Implications of Regulation

Chair: Simone Manganelli, Head Financial Research Directorate, European Central Bank

 

“The Effect of Capital Regulation on Asset Allocation in the Insurance Industry”

Bo Becker, Stockholm School of Economics (*)

Marcus Opp, Stockholm School of Economics

Farzad Saidi, Boston University

Discussant: Emilia Bonaccorsi, Banca d’Italia

 

“Bank Regulatory Capital Arbitrage: Evidence from Housing Overappraisals”

Sergio Mayordomo, Bank of Spain

Omar Rachedi, Bank of Spain (*)

María Rodríguez Moreno, Bank of Spain

Discussant: Julien Sauvagnat, Bocconi University

 

“Loan Loss Provisioning Requirements in a Dynamic Model of Banking”

Roman Goncharenko, KU Leuven (*)

Asad Rauf, University of Groningen

Discussant: Alex Michaelides, Imperial College London

 

16:15 – 16:45   Coffee Break

 

16:45 – 17:45   Keynote Speech II

                        Chair: Luigi Guiso, Professor, EIEF

 “When FinTech Competes for Payment Flows”

Christine Parlour, Berkeley Haas

 

Friday, March 20th 

 

9:00 – 10:30     Session III - Supervision of Large Banks

Chair: Paolo Angelini, Head of Bank Supervision Directorate General, Banca d’Italia

 

“Bank Complexity, Governance, and Risk”

Linda Goldberg, Federal Reserve Bank of New York (*)

Ricardo Correa, Federal Reserve Board

Discussant: Giovanni Dell’Ariccia, International Monetary Fund

                   

“The Economics of Supranational Bank Supervision”

Thorsten Beck, Cass Business School

Consuelo Silva-Buston, Pontificia Universidad de Católica de Chile (*)

Wolf Wagner, Rotterdam School of Management

Discussant: Gyongyi Loranth, University of Vienna

 

10:30 – 11:30   Keynote Speech III

                      Chair: Elena Carletti, Professor, Bocconi University

 "The green swan: Central banking and financial stability in the age of climate change"

Patrick Bolton, Imperial College London

 

11:30 – 12:00   Coffee Break

 

12:00-13:30      Session IV - The Macroeconomics of Financial Crises

Chair: Daniele Terlizzese, Director, EIEF

 

“Twin Default Crises”

Caterina Mendicino, European Central Bank

Kalin Nikolov, European Central Bank

Juan Rubio-Ramirez, Emory University

Javier Suarez, Cemfi (*)

Dominik Supera, Wharton School

Discussant: Vincent Sterk, University College London

 

“Financial Networks over the Business Cycle”

Alexander Kopytov, Princeton University (*)

Discussant: Frederic Malherbe, University College London

 

13:30 – 14:30   Lunch Break

 

14:30               End of Conference

Modificato il 29/01/2020