ESCB Day-ahead conference, August 17, 2011
Sveriges Riksbank, Stockholm, Sweden
Wednesday, 17 August
08:00 – 08:25 |
Registration and coffee/breakfast
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08:25 – 08:30 |
Welcome
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Session I, Systemic risk, bank runs and contagion Chair: Jakob De Haan, De Nederlandsche Bank
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8:30 – 10:30 |
“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
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10:30 - 11:00 |
Coffee
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Session II, Macroprudential policy, transparency and capital regulation Chair: Katerina Smidkova, Czech National Bank
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11:00 – 13:00 |
“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
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13:00 – 14:30 |
Lunch + lunch talk Lars E.O. Svensson, Deputy Governor, Sveriges Riksbank
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Session III, Central bank policies and bank behavior Chair: Wilko Bolt, De Nederlandsche Bank
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14:30 – 15:50 |
“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
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15:50 – 16:20 |
Tea
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Session IV, Cross border banking Chair: Kasper Roszbach, Sveriges Riksbank
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16:20 – 17:40 |
”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
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17:40 – 17:45 |
Closing remarks
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17:45 |
Reception and buffet
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Time allocation for conference Presentation: 20 minutes Discussion: 10 minutes Questions: 8 minutes |