El Banco de España, en cooperación con el CEMFI, organiza la Tercera Conferencia de Estabilidad Financiera que se celebrará los días 18 y 19 de octubre de 2021 en las instalaciones del Banco de España, en Madrid.
El objetivo de la conferencia es promover la investigación y la discusión de temas relacionados con la estabilidad financiera y la política macroprudencial entre instituciones, académicos y profesionales. La conferencia se celebrará en formato híbrido, con la asistencia presencial de la mayoría de ponentes. El programa incluye presentaciones de trabajos teóricos y empíricos relacionados con la estabilidad financiera. Todos los trabajos presentados tienen asignado un discussant.
Randal Quarles, Vicepresidente de Supervisión del Federal Reserve Board y Presidente del Financial Stability Board, será el invitado especial. Pablo Hernández de Cos, Gobernador del Banco de España, abrirá la conferencia.
El programa también incluye un panel con el tema “Central bank digital currencies and financial stability”, que será moderado por Margarita Delgado, Subgobernadora del Banco de España. Los panelistas invitados son Markus Brunnermeier (Princeton University), Jean-Pierre Landau (Sciences Po) y Jon Cunliffe (Bank of England).
Liquidity insurance vs. credit provision: Evidence from the COVID-19 crisis (3 MB)
Tumer Kapan, International Monetary Fund
Camelia Minoiu, Federal Reserve Board
Discussant: Daniel Paravisini (60 KB), London School of Economics
Pandemic lending: The unintended effects of model-based regulation (883 KB)
Franco Fiordelisi, University of Essex
Giulia Fusi, European Stability Mechanism
Angela Maddaloni, European Central Bank
David Marqués-Ibáñez, European Central Bank
Discussant: Saleem Bahaj (518 KB), University College London
Unused bank capital buffers and credit supply shocks at SMEs during the pandemic (612 KB)
Jose Berrospide, Federal Reserve Board
Arun Gupta, Federal Reserve Board
Matyhew P. Seay, Federal Reserve Board
Discussant: Andrea Polo (467 KB), Luiss University
Margarita Delgado
Central Bank Digital Currencies and Financial Stability
Markus Brunnermeier, Princeton University
Jon Cunliffe, Bank of England
Jean-Pierre Landau, Sciences Po
The rise of bond financing in Europe (398 KB)
Olivier Darmouni, Columbia Business School
Melina Papoutsi, European Central Bank
Discussant: Jan-Pieter Krahnen (134 KB), University of Frankfurt
The value of “new” and “old” intermediation in online debt crowdfunding (4 MB)
Fabio Braggion, Tilburg University
Alberto Manconi, Bocconi University
Nicola Pavanini, Tilburg University
Haikun Zhu, Erasmus School of Economics Rotterdam
Discussant: Dmitry Arkhangelski (52 KB), CEMFI
Who truly bears (bank) taxes? Evidence from only shifting statutory incidence (2 MB)
Gabriel Jiménez, Banco de España
David Martinez-Miera, Universidad Carlos III de Madrid
José-Luis Peydró, Universitat Pompeu Fabra
Discussant: Ernst-Ludwig von Thadden (641 KB), University of Mannheim
Multiple credit constraints and time-varying macroeconomic dynamics (659 KB)
Marcus Mølbak Ingholt, Danmarks Nationalbank
Discussant: Galo Nuño (170 KB), Banco de España
Credit allocation and macroeconomic fluctuations (1 MB)
Karsten Müller, NUS Business School
Emil Verner, MIT Sloan School of Management
Discussant: Veronica Rappoport (240 KB), London School of Economics
Ownership concentration and performance of deteriorating syndicated loans (289 KB)
Mariassunta Giannetti, Stockholm School of Economics
Ralf R. Meisenzahl, Federal Reserve Board
Discussant: Ansgar Walther (737 KB), Imperial College London
Macrofinancial feedback, bank stress testing and capital surcharges (428 KB)
Tobias Adrian, International Monetary Fund
Jose Berrospide, Federal Reserve Board
Romain Lafarguette, International Monetary Fund
Discussant: Loriana Pelizzon (264 KB), University of Frankfurt
Separating retail and investment banking: Evidence from the UK (694 KB)
Matthieu Chavaz, Bank of England
David Elliott, Bank of England
Discussant: Giovanna Nicodano (672 KB), University of Turin
Financial stability governance and central bank communications (386 KB)
(805 KB)
Juan M. Londono, Federal Reserve Board
Stijn Claessens, Bank for International Settlements
Ricardo Correa, Federal Reserve Board
Discussant: Oren Sussman (1 MB), University of Oxford
Scientific Committee