Conference Programme

6th Emerging Scholars in Banking and Finance Conference

Venue: Cass Business School, 200 Aldersgate, EC1A 4HD, London, UK.

Day 1, 10th December

10:30 – Registration

11.00 – Session 1: Cross-border bank lending. Chair: Barbara Casu (Cass Business School)

Currency-specific funding shocks and cross-border bank lending
Fernando Eguren-Martin (Bank of England and University of Oxford), Matias Ossandon Busch (Halle Institute for Economic Research), Dennis Reinhardt (Bank of England)
Discussant: Thorsten Beck (Cass Business School)

The exchange-rate disconnect and the bank lending channel: Evidence from Switzerland
Isha Agarwal (Cornell University)
Discussant: Alberto Pozzolo (Università degli Studi del Molise)

12.20 – Lunch

13.30 – Session 2: Collateral. Chair: Claudia Girardone (Essex Business School)

Collateral requirements and corporate policy decisions
Kizkitza Biguri (BI Norwegian Business School), Jörg Stahl (Católica Lisbon)
Discussant: Ettore Croci (Università Cattolica del Sacro Cuore)

Repo market functioning: The role of capital regulation
Antonis Kotidis (University of Bonn), Neeltje van Horen (Bank of England)
Discussant: Angela Gallo (Cass Business School)

14.50 – Coffee

15.10 – Session 3: Financial intermediation. Chair: Thorsten Beck (Cass Business School)

Financial access under the microscope
Sumit Agarwal (National University of Singapore), Thomas Kigabo (National Bank Rwanda), Camelia Minoiu (Federal Reserve Board), Andrea Presbitero (International Monetary Fund), André F. Silva (Federal Reserve Board)
Discussant: Ralph de Haas (European Bank for Reconstruction and Development)

Financial intermediation, resource allocation, and macroeconomic interdependence
Kemal Ozhan (University of St. Andrews)  
Discussant: Burak Uras (Tilburg University)

16.30 – Coffee

16.50 – Publication workshop by Thorsten Beck (Cass Business School) and Neeltje van Horen (Bank of England)

17.40 – Keynote speech: David Miles (Imperial College)

18.30 – Drinks reception

19.15 – Dinner (by invitation only)

Day 2, 11th December (7 papers)

10.00 – Session 4: Asset pricing. Chair: Mamdouh Medhat (Cass Business School)

How does the Fed manage interest rate expectations?
Robin Tietz (Cass Business School)
Discussant: Andreas Uthemann (London School of Economics - Systemic Risk Centre)

Risk sharing and the term structure of interest rates
Andrés Schneider (Federal Reserve Board)
Discussant: Rodrigo Guimaraes (Bank of England)

Time-varying exposure to permanent and short-term risk and stock price momentum
Elisa Pazaj (Cass Business School)
Discussant: Gi H. Kim (Warwick Business School)

12.00 – Lunch

13.10 – Session 5: Insurance. Chair: John O.S. Wilson (University of St Andrews)

Limits to optimal hedging for financial institutions
Ishita Sen (London Business School)
Discussant: Francesc Rodriguez Tous (Cass Business School)

When gambling for resurrection is too risky
Divya Kirti (International Monetary Fund)
Discussant: Louis Nguyen (King’s College)

14.30 – Coffee

14.50 – Session 6: Crises. Chair: Anna Sarkisyan (Essex Business School)

The cleansing effect of banking crises
Reint Gropp (Halle Institute for Economic Research), Steven Ongena (University of Zurich), Jörg Rocholl (ESMT Berlin), Vahid Saadi (IE Business School)
Discussant: Sergio Vicente (Queen Mary)

Gambling on a recovery: firm leverage, investment, and cash holding during crises
Monica Petrescu (University of Cambridge)
Discussant: Paolo Volpin (Cass Business School)

16.10 – Closing remarks