Organized by ifo Institute, Center for Economic Studies (CES), Bank of Finland Institute for Economies in Transition (BOFIT) and LaRGE Research Center (University of Strasbourg).


Thursday, 4 April 2019

8:45 – 9:00 Coffee & Registration

Session 1: Banks and Governments
Chair: Zuzana Fungáčová (Bank of Finland)

9:00 – 9:45 Expropriation Risk vs. Government Bailout: Implications for Minority Shareholders of State-Owned Banks
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Aldy Fariz Achsanta (University of Limoges), LAETITIA LEPETIT (University of Limoges), Amine Tarazi (University of Limoges and University Institute of France)
Discussant: Laura Solanko (Bank of Finland)

9:45 – 10:30 Government Credit and Trade War
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Ning Cai (China Development Bank), Jinlu Feng (China Development Bank), Yong Liu (China Development Bank), HONG RU (Nanyang Technological University) and Endong Yang (Nanyang Technological University)
Discussant: Bing Xu (Bank of Spain)

10:30 – 11:00 Coffee Break

Keynote Lecture
11:00 – 12:00 “Inspect what you expect to get respect.” Can Bank Supervisors Kill Zombie Lending?

12:00 – 13:00 Lunch

Session 2: Bank Lending Issues
Chair: Christa Hainz (Ifo Institute)

13:00 – 13:45 What Do A Billion Observations Say About Distance and Relationship Lending?
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HAOYU GAO (Central University of Finance and Economics), Hong Ru (Nanyang Technological University) and Xiaoguang Yang (Chinese Academy of Sciences)
Discussant: Laurent Weill (LaRGE, EM Strasbourg Business School, University of Strasbourg)

13:45 – 14:30 Bank Lending in the Knowledge Economy
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Giovanni Dell'Ariccia (IMF and CEPR), Dalida Kadyrzhanova (Georgia State University), Camelia Minoiu (IMF and Wharton) and LEV RATNOVSKI (European Central Bank and IMF)
Discussant: Martin Gächter (Financial Market Authority Liechtenstein)

14:30 – 15:00 Coffee Break

Session 3: Collateral
Chair: Paul Wachtel (New York University)

15:00 – 15:45 Less Foreclosures, More Homeowners? Collateral Regimes, Non-Performing Loans and Credit Conditions
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Claire Labonne (Federal Reserve Bank of Boston) and FERGAL MCCANN (Central Bank of Ireland)
Discussant: Elisabeth Beckmann (OeNB)

15:45 – 16:30 The Excess Burden of Collateral
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Discussant: Christa Hainz (ifo Institute)

19:30 Dinner


Friday, 5 April 2019

Session 4: Financial Stability
Chair: Laura Solanko (Bank of Finland)

9:00 – 9:45 Macroprudential Policy and Intra-Group Dynamics: The Effects of ReserveRequirements in Brazil
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Chris Becker (Halle Institute for Economic Research), MATIAS OSSANDON BUSCH (Halle Institute for Economic Research) and Lena Tonzer (Halle Institute for Economic Research and Martin-Luther University Halle-Wittenberg)
Discussant: Orkun Saka (University of Sussex and LSE)

9:45 – 10:30 Financial Stability and Public Confidence in Banks
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Lucy Chernykh (Clemson University), DENIS DAVYDOV (University of Vaasa) and Jukka Sihvonen (Aalto University)
Discussant: Sarah Reiter (ifo Institute)

10:30 – 11:00 Coffee Break

Session 5: Regulation
Chair: Iikka Korhonen (Bank of Finland)

11:00 – 11:45 Debt holder monitoring and implicit guarantees: Did the BRRD improve market discipline?
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Discussant: Paul Wachtel (New York University)

11:45 – 12:30 Capital Regulations and Credit Line Management during Crisis Times
PAUL PELZL (VU Amsterdam & Tinbergen Institute) and María Teresa Valderrama (OeNB)
Discussant: Glenn Schepens (European Central Bank)

12:30– 13:30 Lunch

Session 6: Bank Profit and Market Power
Chair: Laurent Weill (LaRGE, EM Strasbourg Business School, University of Strasbourg)

13:30 – 14:15 The Profit-Credit Cycle
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BJÖRN RICHTER (University of Bonn) and Kaspar Zimmermann (University of Bonn)
Discussant: Milan Nedeljkovic (FEFA, Belgrade and CESifo)

14:15 – 15:00 Hampered Monetary Policy Transmission - a Supply Side Story?
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Lotta Heckmann-Draisbach (Deutsche Bundesbank) and JULIA MOERTEL (The University of Edinburgh)
Discussant: Zuzana Fungáčová (Bank of Finland)

15:15 End of Conference