European Banking Center

The European Banking Center hosts researchers who stimulate research and debate in addressing the challenges and opportunities raised by banks, financial systems and regulators.

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8th European Banking Center Network Conference

In cooperation with CEPR

Bank credit in a post-crisis economy

Tilburg, Netherlands

27-28 October, 2016

Location: Ruth First Room, C186Cobbenhagen Building

Keynote Speaker: Gary G. GORTON (Yale University)

Route description

October 27th, 2016

8:45 - 9:00 Registration
9:00 - 9:10 Welcome: Harry Huizinga

9:10 - 10:40 Session 1

Chair: Vasso Ioannidou

9:10 - 10:40 Rafael Matta (University of Amsterdam) and Enrico Perotti (University of Amsterdam)
Insecure Debt
Discussant: David Martinez-Miera (Universidad Carlos III)
Alessio Piccolo (Oxford University) and Joel Shapiro (Oxford University)
Credit Ratings and Market Information
Discussant: Gunter Strobl (Frankfurt School of Finance & Management)
10:40 - 10:55 Break

10:55 - 12.25 Session 2

10:55 - 12.25 Reena Aggarwal (McDonough School of Business, Georgetown University), Jennie Bai (McDonough School of Business, Georgetown University) and Luc Laeven (ECB)
The Role of the Government Bond Lending Market in Collateral Transformation
Discussant: Paolo Colla (Bocconi University)
Christophe Pérignon (HEC Paris), David Thesmar (HEC Paris) and Guillaume Vuillemey (HEC Paris)
Wholesale Funding Runs
Discussant: Rajkamal Iyer (MIT and Imperial College London)
12:25 - 13:55 Lunch (Faculty Club)

14:00 - 15:30 Keynote Speech: Gary Gorton (Yale)

Chair: Fabio Castiglionesi (Tilburg University)

14:00 - 15:30 Keynote Speech: Gary Gorton (Yale)
15:30 - 15:45 Break

15:45 - 17:15 Session 3

15:45 - 17:15 Luisa Carpinelli (Bank of Italy) and Matteo Crosignani (Fed Board)
The Effect of Central Bank Liquidity Injections on Bank Credit Supply
Stine Daetz (Copenhagen Business School), Marti Subrahmanyam (NYU Stern), Dragon Tang (University of Hong Kong) and Sarah Wang (Warwick Business School)
Did ECB Liquidity Injections Help The Real Economy?
Discussant (both papers): Michele Boldrin (Washington University in St. Louis)
18:00 Social Dinner: Villa de Vier Jaargetijden

October 28th, 2016

9:00 - 10:30 Session 4

Chair: Fabio Braggion (Tilburg University)

9:00-10:30 Jose Azar (Universidad de Navarra), Sahil Raina (University of Michigan) and Martin Schmalz (University of Michigan)
Ultimate Ownership and Bank Competition
Discussant: Tobias Berg (Frankfurt School of Finance & Management)
Fabio Schiantarelli (Boston College), Massimiliano Stacchini (Bank of Italy) and Philip Strahan (Boston College)
Bank Quality, Judicial Efficiency and Borrower Runs: Loan Repayment Delays in Italy
Discussant: Daniela Fabbri (Cass Business School)
10:30 - 10:45 Break

10:45 - 12.15 Session 5

10:45 - 12.15 Rui Albuquerque (Boston College), Luis Cabral (NYU) and Jose Correa Guedes (Catolica Libon School of Business and Economics)
Relative Performance Banker Compensation and Systemic Risk
Discussant: Fabio Feriozzi (Insituto de Empresa Madrid)
John Kuong (Insead) and Jing Zeng (Frankfurt School of Finance and Management)
Servicing Securitisation through Excessive Foreclosure
Discussant: Wolf Wagner (Rotterdam School of Management)
12:15 - 13:45 Lunch (Faculty Club)

13:50 - 15:20 Session 6

Chair: Louis Raes (Tilburg University)

13:50 - 15:20 Dmitriy Sergeyev (Bocconi University)
Optimal Macroprudential and Monetary Policy in a Currency Union
Discussant: Keith Kuester (University of Bonn)
Sjoerd van Bekkum (Erasmus University), Marc Gabarro (Erasmus University) and Rustom Irani (University of Illinois at Urbana-Champaign)
Does a Larger Menu Increase Appetite? Collateral Eligibility and Bank Risk-Taking
Discussant: Stefano Corradin (European Central Bank)
15:20 - 15:30 Closing remarks

The conference will be held at Tilburg University. Tentatively, the program starts Thursday 27 at 9:00 and ends Friday at 16:00. The program will include up to 10-12 papers with their discussions, leaving ample time for comments from the audience and for interaction among participants. Presenters and discussants are expected to attend for the whole duration of the conference.

More details about the conference and the venue can be found at: www.tilburguniversity.edu/ebc

  • Fabio Castiglionesi (EBC, Tilburg University)
  • Vasso Ioannidou (Lancaster University and CEPR)
  • Louis Raes (EBC, Tilburg University)
  • Ulf von Lilienfeld-Toal (Luxembourg School of Finance)
  • Thorsten Beck (Cass Business School and CEPR)
  • Fabio Braggion (EBC, Tilburg University)
  • Sudipto Dasgupta (Lancaster University and CEPR)
  • Michael Ehrmann (Bank of Canada)
  • Giovanni Favara (Board of Governors)
  • Mariassunta Giannetti (Stockholm School of Economics and CEPR)
  • Neeltje van Horen (Dutch National Bank, Bank of England and CEPR)
  • Raoul Minetti (Michigan State University)
  • Uday Rajan (University of Michigan – Ross School of Business)
  • Greg Udell (Indiana University)
  • Burak Uras (EBC, Tilburg University)
  • Lucy White (Harvard Business School and CEPR)
  • Andrew Winton (University of Minnesota)

The aim of this conference is to bring together researchers in different fields of finance and economics to discuss current issues in banking, financial stability, and financial regulation. We are inviting high quality submissions of both theoretical and empirical nature on micro- and macroeconomic aspects of financial intermediation. Topics include, but are not limited to:

  • Access to credit in a post crisis period
  • Micro and Macro-prudencial policies, access to credit, and financial stability
  • The role of models in capital regulation: a need for reform?
  • Regulation and new technologies in banking and financial stability
  • Quantitative easing and the size and composition of central banks’ balance sheets
  • Information production and disclosure (e.g., stress tests, accounting statements) and its impact on market discipline and financial stability
  • The role of the international structure of the banking system on bank credit availability.The effect of regulation’s international spillover on the availability of bank credit.

Submission deadline: June 1st, 2016

Papers should be submitted electronically to ebc@tilburguniversity.edu along with your affiliation and email address. In the email, please indicate whether or not you are willing to act as a discussant. Authors of accepted papers will be contacted by July 15th, 2016. Economy class travel and accommodation for invited participants will be covered.

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When: 27 October 2016 09:00

End date: 28 October 2016 16:00