About us

Second Conference on Financial Stability

34 June 2019

Information

Banco de España in cooperation with CEMFI organizes a series of biennial conferences to promote the research and discussion of topics related to financial stability and macroprudential policy among academics, practitioners, and policy-makers. The second conference was held at Banco de España in Madrid on 3-4 June 2019. The program committee invites submissions of theoretical and empirical papers related to financial stability issues. Papers with a focus on the analytical frameworks and tools for macro-prudential policies to address systemic risk are especially welcome.

Presentations

3 June 2019
Opening and Keynote
13.00 - 13.30

Pablo Hernández de Cos, Banco de España

13.30 - 14.20

Agustín Carstens, Bank for International Settlements

Session 1 Chair: Hélène Rey, London Business School
14.30 - 15.10

Sandra Eickmeier, Deutsche Bundesbank

Benedikt Kolb File PDF: Opens in a new window (1 MB), Deutsche Bundesbank

Esteban Prieto, Deutsche Bundesbank

Discussant: David Martínez-Miera File PDF: Opens in a new window (515 KB), Universidad Carlos III de Madrid

15.10 - 15.50
Bank risk taking and twin defaults

Caterina Mendicino, European Central Bank

Kalin Nikolov, European Central Bank

Juan Rubio-Ramírez, Emory University

Javier Suárez, CEMFI

Dominik Supera, Wharton School

DiscussantGalo Nuño File PDF: Opens in a new window (591 KB), Banco de España

15.50 - 16.30

Jose M. Berrospide File PDF: Opens in a new window (1 MB)Federal Reserve Board

Rochelle M. Edge, Federal Reserve Board

DiscussantDean Corbae File PDF: Opens in a new window (185 KB)University of Wisconsin-Madison

Keynote Chair: Rafael Repullo, CEMFI
17.00 - 18.00

Lars Peter Hansen, University of Chicago

4 June 2019
Session 2 Chair: Carlos Thomas, Banco de España
09.00 - 09.40

Nitzan Tzur-llan File PDF: Opens in a new window (2 MB), Bank of Israel

Discussant: Ángel Estrada File PDF: Opens in a new window (273 KB), Banco de España

09.40 - 10.20

David Aikman, Bank of England

Jonathan Bridges, Bank of England

Sinem Hacioğlu Hoke, Bank of England

Cian O’Neill File PDF: Opens in a new window (1 MB)Bank of England

Akash Raja, Bank of England

Discussant: Gabriel Pérez-Quirós, European Central Bank

10.20 - 11.00

Hans Dewachter, National Bank of Belgium

Joris Tielens File PDF: Opens in a new window (760 KB), KU Leuven

Jan Van Hove, KU Leuven

DiscussantAlireza Tahbaz-Salehi File PDF: Opens in a new window (186 KB)Northwestern University

Session 3 Chair: Javier Suárez, CEMFI
11.30 - 12.10

Thomas M. Eisenbach File PDF: Opens in a new window (222 KB), Federal Reserve Bank of New York

Gregory Phelan, Williams College

Discussant: Eduardo Dávila File PDF: Opens in a new window (260 KB), Yale University

12.10 - 12.50

Anatoli Segura File PDF: Opens in a new window (792 KB), Bank of Italy

Alonso Villacorta, University of California, Santa Cruz

Discussant: Frederic Malherbe File PDF: Opens in a new window (280 KB), University College London

12.50 - 13.30

Vladimir Asriyan, CREI

Luc Laeven, European Central Bank

Alberto Martín File PDF: Opens in a new window (1.006 KB)European Central Bank

Discussant: Anton Braun File PDF: Opens in a new window (98 KB)Federal Reserve Bank of Atlanta

Session 4 Chair: Jesús Saurina, Banco de España
14.30 - 15.15

Johannes Bubeck File PDF: Opens in a new window (382 KB), Deutsche Bundesbank

Angela Maddaloni, European Central Bank

José Luis Peydró, Universitat Pompeu Fabra

Discussant: Thorsten Beck File PDF: Opens in a new window (151 KB), Cass Business School

 

15.15 - 16.00

Diana Bonfim, Bank of Portugal

Geraldo Cerqueiro File PDF: Opens in a new window (12 MB), Católica Lisbon SBE

Hans Degryse, KU Leuven

Steven Ongena, University of Zurich

DiscussantOren Sussman File PDF: Opens in a new window (83 KB)University of Oxford

Panel Chair
16.00 - 17.00

Governance structures for macroprudential policy

Sergio Nicoletti Altimari File PDF: Opens in a new window (291 KB), European Central Bank

Benjamin Weigert, Deutsche Bundesbank

Xavier Vives File PDF: Opens in a new window (533 KB), IESE Business School 

Closing Remarks
17.00 - 17.15

Scientific Committee

Óscar Arce, Banco de España

Steven Ongena, University of Zurich

José Luis Peydró, Universitat Pompeu Fabra

Rafael Repullo, CEMFI

Hélène Rey, London Business School

Tano Santos, Columbia Business School

Jesús Saurina, Banco de España

Isabel Schnabel, University of Bonn

Javier Suárez, CEMFI