Third Annual Workshop of the ESCB Research Cluster 3 on “Financial Stability, Macroprudential Regulation and Microprudential Supervision”

Ponentes

10 Octubre

• • 09:30h - 09:45h
  • Registration and welcome coffee
• • 09:45h - 10:00h
  • Opening remarks

    Soledad Núñez, Member of the Governing Council and Executive Commission of the Banco de España

• • 10:00h - 11:00h
  • Keynote presentation

    Javier Suárez, CEMFI and CEPR

• • 11:00h - 11:30h
  • Coffee break
• • 11:30h - 13:00h
  • Session A

    Chair: Ángel Gavilán, Banco de España

    "Asset Encumbrance and Bank Risk: Theory and First Evidence from Public Disclosures in Europe"

    Albert Banal Estañol, Universitat Pompeu Fabra
    Enrique Benito, University of London
    Dmitry Khametshin, Banco de España  (608 KB)*
    Jianxing Wei, Universitat Pompeu Fabra

    Discussant: Ettore Panetti, Banco de Portugal

    "Bank Risk Taking and Twin Defaults"

    Caterina Mendicino, European Central Bank* Kalin Nikolov, European Central Bank Juan Rubio-Ramírez, Emory University and NBER Javier Suárez, CEMFI and CEPR Dominik Supera, University of Pennsylvania

    Discussant: Natalya Martynova, Deutsche Bundesbank

    "Firm Heterogeneity, Credit Spreads, and Monetary Policy"

    Gareth Anderson, Bank of England Ambrogio Cesa-Bianchi, Bank of England* Discussant: Omar Rachedi, Banco de España

• • 13:00h - 14:15h
  • Lunch
• • 14:15h - 15:45h
  • Session B

    Chair: Jean-Stéphane Mésonnier, Banque de France

    "Are Risky Banks Rationed by Corporate Depositors?"

    Daniel Friedmann, Goethe University
    Björn Imbierowicz, Deutsche Bundesbank  (619 KB)*,
    Anthony Saunders, New York University
    Sascha Steffen, Frankfurt School of Finance and Management

    Discussant: David Marqués-Ibáñez, European Central Bank

    "Bank Credit and Market-based Finance for Corporations: The Effects of Minibond Issuances in Italy"

    Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven and CEPR
    Sara Pinoli, Banca d’Italia
    Paola Rossi, Banca d’Italia*
    Alessandro D. Scopelliti, European Central Bank and University of Zurich

    Discussant: Guillaume Horny, Banque de France

    "Credit Supply: Are there Negative Spillovers From Banks’ Proprietary Trading?"

    Michael Kurz, De Nederlandsche Bank*
    Stefanie Kleimeier, Maastricht University, Open Universiteit Heerlen, University of Stellenbosh Business School
    Discussant: Sarah Holton, Central Bank of Ireland

• • 15:45h - 16:15h
  • Coffee break
• • 16:15h - 17:45h
  • Session C

    Chair: Hiona Balfoussia, Bank of Greece

    "Capital Regulations and Credit Line Management during Crisis Times"

    Paul Pelzl, De Nederlandsche Bank, Vrije Universiteit Amsterdam, Tinbergen Institute*
    María Teresa Valderrama, Oesterreichische Nationalbank  (1 MB)

    Discussant: Olivier De Jonghe, National Bank of Belgium and Tilburg University

    "Behind the Scenes of The Beauty Contest -Window Dressing and the G-SIB Framework"

    Markus Behn, European Central Bank
    Giacomo Mangiante, University of Lausanne
    Laura Parisi, European Central Bank  (583 KB)*
    Michael Wedow, European Central Bank

    Discussant: Sergio Mayordomo, Banco de España

    "Textual Complexity in bank Regulation"

    Zahid Amadxarif, Bank of England
    James Brookes, Bank of England
    Nicola Garbarino, Bank of England
    Rajan Patel, Bank of England
    Eryk Walczak, Bank of England and University College London Discussant: Mirko Moscatelli, Banca d’Italia

11 Octubre

• • 09:00h - 11:00h
  • Session D

    Chair: Sergio Mayordomo, Banco de España

    "The Network Origins of Bank Influence: Evidence from Bank–to–Firm and Firm–to–Firm Linkages"

    Hans Dewachter, National Bank of Belgium and KU Leuven
    Joris Tielens, National Bank of Belgium and KU Leuven  (2 MB)*
    Jan Van Hove, KU Leuven

    Discussant: Ugo Albertazzi, European Central Bank

    "Banks’ Credit Losses and Lending Dynamics"

    Christoph Memmel, Deutsche Bundesbank
    Peter Raupach, Deutsche Bundesbank  (559 KB)*

    Discussant: Jean-Stéphane Mésonnier, Banque de France

    "Bank Funding and Risk Taking"

    Alessandro Ferrari, European University Institute
    Carmen Garcia Galindo, European University Institute
    Matic Petricek, Bank of Slovenia*
    Andreas Winkler, European University Institute

    Discussant: Razvan Vlahu (De Nederlandsche Bank)

    "Inspect What you Expect to Get Respect Can Bank Supervisors Kill Zombie Lending"

    Diana Bonfim, Banco de Portugal*
    Geraldo Cerqueiro, Católica-Lisbon School of Business and Economics
    Hans Degryse, KU Leuven and CEPR
    Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven and CEPR

    Discussant: Miguel García-Posada, Banco de España

• • 11:00h - 11:30h
  • Coffee break
• • 11:30h - 12:30h
  • Keynote presentation

    Daniel Paravisini, London School of Economics

• • 12:30h - 13:30h
  • Session E

    Chair: Heather Gibson, Bank of Greece

    "Household Portfolio Choices and Nonlinear Income Risk"

    Julio Gálvez, Banco de España*

    Discussant: Dimitris Papageorgiou, Bank of Greece

    "The Market for Mortgage Modification: Evidence from the Irish Non-Performing Loans Crisis"

    Claire Labonne, Federal Reserve Bank of Boston
    Fergal McCann, Central Bank of Ireland
    Terry O’Malley, Central Bank of Ireland*

    Discussant: Pavlos Petroulas, Bank of Greece

• • 13:30h - 14:45h
  • Lunch