ESCB Day-ahead conference, August 17, 2011

Session I, Systemic risk, bank runs and contagion
Chair: Jakob De Haan, De Nederlandsche Bank

“Systemic risk diagnostics: coincident indicators and early warning signals”
Berndt Schwaab, European Central Bank [Paper]
Siem Jan Koopman, VU University Amsterdam and Tinbergen Institute
André Lucas, VU University Amsterdam
Discussant: Roland Meeks, Bank of England 

“Identifying VARs through Heterogeneity: An Application to Bank Runs”
Ferre De Graeve, Sveriges Riksbank [Paper]
Alexei Karas, Roosevelt Academy
Discussant: Javier Mencia, Banco de España

"Systemic Risk Contributions"
Natalia Puzanova, Deutsche Bundesbank [Paper]
Klaus Düllmann, Deutsche Bundesbank
Discussant: Chen Zhou, De Nederlandsche Bank

Session II, Macroprudential policy, transparency and capital regulation
Chair: Katerina Smidkova, Czech National Bank

“Capital Regulation and Tail Risk”
Enrico Perotti, University of Amsterdam
Lev Ratnovski, IMF [Paper]
Razvan Vlahu, De Nederlandsche Bank
Discussant: Morten Bech, Bank for International Settlements   

“Credit Capital and Crises: A Theory of Counter-cyclical Macroprudential Policy”
David Aikman, Bank of England [Paper]
Benjamin Nelson, Bank of England
Misa Tanaka, Bank of England
Discussant: Bent Vale, Norges Bank

“Procyclical Transparency”
Diego Moreno, Universidad Carlos III de Madrid
Tuomas Takalo, Finlands Bank [Paper]
Discussant: Laurent Clerc, Banque de France

Session III, Central bank policies and bank behavior
Chair: Wilko Bolt, De Nederlandsche Bank

“Do Banks Take More Risk In Extended Periods of Expansive Monetary Policy? Evidence
from a Natural Experiment”
Paul Gaggl, UC Davis [Paper]
Maria Teresa Valderama, Oesterreichische Nationalbank
Discussant: Angela Maddaloni, European Central Bank 

“Central Bank Lending and Money Market Discipline”
Marie Hoerova, European Central Bank [Paper]
Cyril Monnet, Federal Reserve Bank of Philadelphia
Discussant: Itai Agur, De Nederlandsche Bank

Session IV, Cross border banking
Chair: Kasper Roszbach, Sveriges Riksbank

”Bank risk-taking abroad: Does home-country regulation and supervision matter?”
Steven Ongena, Tilburg University
Alexander Popov, European Central Bank [Paper]
Greg Udell, Indiana University
Discussant: Michael Koetter, Sveriges Riksbank and Groningen University

“Running for the exit: International banks and crisis transmission”
Ralph De Haas, EBRD
Neeltje Van Horen, De Nederlandsche Bank [Paper]
Discussant: Antonella Foglia, Banca d’Italia