ECB Conference on Credit, Banking and Monetary Policy, Frankfurt am Main

Frankfurt, Duitsland
© Anton Bussemaker
date October 23, 2017 09:00 - October 24, 2017
city Frankfurt am Main, Germany
location Sonnemannstr. 20 Show location
organisation European Central Bank (ECB) i

23 and 24 October 2017

Main Building, European Central Bank, Frankfurt am Main

Press Room

Upon invitation only

Programme

  • indicates the presenter

Conference brochure

Monday, 23 October 2017

8:30

Registration

9:00

Welcome address

Peter Praet, Member of the Executive Board, European Central Bank

9:15

Keynote speech

Chair: Frank Smets, European Central Bank

Central Banks Going Long

Ricardo Reis, London School of Economics

10:15

Coffee break

Session 1

Monetary policy, credit cycles and loan pricing

Chair: Katrin Assenmacher, European Central Bank

10:45

Specialization in Bank Lending: Evidence from Exporting Firms

Daniel Paravisini*, London School of Economics

Veronica Rappoport, London School of Economics

Philipp Schnabl, NYU Stern

Discussant: David Marqués Ibañez, European Central Bank

Mortgage loan pricing in a negative interest rate environment

Dimitris Georgarakos*, European Central Bank

Adrien Amzallag, European Central Bank

Alessandro Calza, European Central Bank

João Sousa, European Central Bank

Discussant: Monica Paiella, University of Naples Parthenope

U.S. Monetary Policy and Emerging Markets Credit Cycles

Victoria Ivashina*, Harvard Business School

Falk Bräuning, Federal Reserve Bank of Boston

Discussant: Ralf Meisenzahl, Federal Reserve Board

13:00

Buffet lunch

14:30

Keynote speech

Chair: Luc Laeven, European Central Bank

On Interest Rate Policy and Asset Bubbles

Franklin Allen, Imperial College London

15:30

Coffee break

Session 2

Monetary policy transmission and bank profitability

Chair: Michael Ehrmann, European Central Bank

16:00

Stock Market’s Assessment of Monetary Policy Transmission: The Cash Flow Effect

Refet S. Gürkaynak*, Bilkent University

Sang Seok Lee, Bilkent University

Gökçe Karasoy Can, Bilkent University

Discussant: Michele Modugno, Federal Reserve Board

Monetary Policy and Bank Profitability in a Low Interest Rate Environment

Carlo Altavilla, European Central Bank

Miguel Boucinha, European Central Bank

José-Luis Peydró, ICREA-UPF, CREI, BGSE

Discussant: Puriya Abbassi, Deutsche Bundesbank

17:30

End of day 1

19:00

Dinner - by invitation only

Tuesday, 24 October 2017

8:30

Registration

9:00

Keynote speech

Chair: Matteo Ciccarelli, European Central Bank

Mortgage-Backed Securities and the Financial Crisis of 2008: a Post Mortem

Harald Uhlig, University of Chicago

10:00

Coffee break

Session 3

Monetary policy, financial vulnerabilities and global banking

Chair: João Sousa, European Central Bank

10:30

Financial Vulnerability and Monetary Policy

Fernando Duarte*, Federal Reserve Bank of New York

Tobias Adrian, International Monetary Fund

Discussant: Oliver De Groot, European Central Bank

Global Banking: Endogenous Competition and Risk Taking

Ester Faia*, Goethe University Frankfurt

Gianmarco Ottaviano, London School of Economics

Discussant: Elena Carletti, Università Bocconi

Targeting Financial Stability: Macroprudential or Monetary Policy?

Sujit Kapadia*, Bank of England

David Aikman, Bank of England

Julia Giese, Bank of England

Michael McLeay, Bank of England

Discussant: Matthieu Darracq Paries, European Central Bank

12:00

Buffet lunch

14:15

Keynote speech

Chair: José-Luis Peydró, ICREA-UPF, CREI, BGSE

Fintech and shadow banking

Amit Seru, Stanford University

15:15

Coffee break

Session 4

Non-standard monetary policy and bank lending

Chair: Oreste Tristani, European Central Bank

15:45

Making room for the needy: the credit-reallocation effects of the ECB’s corporate QE

Óscar Arce*, Banco de Espãna

Ricardo Gimeno, Banco de España

Sergio Mayordomo, Banco de España

Discussant: Diana Bonfim, Banco de Portugal

The interest of being eligible

Jean-Stéphane Mésonnier*, Banque de France

Charles O’Donnell, Banque de France

Olivier Toutain, Banque de France

Discussant: Ugo Albertazzi, European Central Bank

17:15

Concluding remarks

This programme may be subject to change without notice.

General information

Conference venue

European Central Bank

Main building

Sonnemannstrasse 20

60314 Frankfurt am Main

+49 69 1344 0

Fax: +49 69 1344 6000

info@ecb.europa.eu

Conference language

English

Transfers

Participants are requested to arrange their own transfers, unless indicated otherwise.

Organising committee

Carlo Altavilla, European Central Bank

José-Luis Peydró, ICREA-UPF, CREI, BGSE

Contacts

Nina Willenberg

European Central Bank

+49 (0)69 1344 8303


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