Since 2017, Banco de España in cooperation with the Centro de Estudios Monetarios y Financieros (CEMFI) organises a series of biennial conferences to promote the research and discussion of topics related to financial stability and macroprudential.
The first edition of the Conference on Financial Stability was participated by Mario Draghi, President of the European Central Bank, as keynote speaker. Luis M. Linde, Governor of the Banco de España, opened the conference.
The event closed with the presentation of the book “The countercyclical provisions of the Banco de España, 2000-2016”, by Jesús Saurina and Carlos Trucharte, in a panel chaired by Javier Suárez (CEMFI).
The conference took place in English and was held in physical format.
24 May 2017 - 25 May 2017
Madrid
Call for papers ( 53 KB )
Speakers
24 May
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- Opening
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Session 1
Chair: Rafael Repullo, CEMFI
Macroeconomics of bank capital and liquidity regulations
Presentation by Frédéric Boissay, Bank for International Settlements
(592 KB)Comment by David Martínez-Miera, Universidad Carlos III de Madrid
(114 KB)Optimal capital regulation
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Session 2
Chair: Hélène Rey, London Business School
Short-term interest rates and bank lending terms: Evidence from a survey of U.S. loans
Presentation by Gustavo Suarez, Federal Reserve Board
(254 KB)Comment by Rainer Haselmann, Goethe University Frankfurt
(422 KB)Prudential policies and their impact on credit in the United States
Presentation by Ricardo Correa, Federal Reserve Board
(323 KB)
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Session 3
Chair: Enrico Perotti, University of Amterdam
Shock propagation and banking structure
Presentation by Mariassunta Giannetti, Stockholm School of Economics
(154 KB)Comment by Filippo Ippolito, Universitat Pompeu Fabra
(100 KB)Risk-taking dynamics and financial stability
Presentation by Anton Korinek, Johns Hopkins University
(238 KB)
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Keynote
The interaction between monetary policy and financial stability in the euro area
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Session 4
Chair: Jesús Saurina, Banco de España
A positive analysis of bank behaviour under capital requirements
Presentation by Frédéric Malherbe, London Business School
(915 KB)Comment by Sergio Vicente, Universidad Carlos III de Madrid
(681 KB)The economics of bank supervision
Presentation by David Lucca, Federal Reserve Bank of New York
(381 KB)
25 May
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Session 5
Chair: Tano Santos, Columbia Business School
Loan covenants and the bank lending channel
Presentation by Gabriel Chodorow-Reich, Harvard University
(394 KB)Comment by Marcel Jansen, Universidad Autónoma de Madrid
(111 KB)Financial vulnerabilities and monetary policy
Presentation by Fernando Duarte, Federal Reserve Bank of New York
(787 KB)
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Session 6
Chair: José Luis Peydró, Universitat Pompeu Fabra
Credit growth and macro prudential policies: Preliminary evidence on the firm-level
Presentation by Thorsten Beck, Cass Business School
(467 KB)Comment by Nicholas Coleman, Federal Reserve Board
(267 KB)Countercyclical prudential tools in an estimated DSGE model
Presentation by Jorge Ponce, Banco Central del Uruguay
(602 KB)
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- Panel - The countercyclical provisions of the Banco de España, 2000-2016