PAST SEMINARS
Spring & Summer 2020
Meetings: Wednesdays, 12 noon ET (NY Time) (currently 6pm Germany/France, 9am SF, 5pm London)
Format: 50min talk, including questions
Organizer: Linda Schilling (Olin Business School, Washington University in St Louis)
15th April: 12 pm ET: Marcus Opp (SSE)
with Martin Oehmke (LSE)
‘A theory of socially responsible investment’
22th April: 12 pm ET: Jesus Fernandez-Villaverde (U Penn) with
Samuel Hurtado (Banco de Espana) & Galo Nuno (Banco de Espana);
‘Financial Frictions and the Wealth Distribution’
29th April: 12 pm ET: Linda Schilling (Ecole Polytechnique CREST)
‘Optimal Forbearance of Bank Resolution’
1pm ET: Lars Peter Hansen (U of Chicago) with
Xiaohong Chen (Yale), Peter G. Hansen (MIT Sloan)
‘Robust Identification of Investor Beliefs’
6th May: 12 pm ET: Alexandr Kopytov (Princeton), Itay Goldstein (Wharton), Lin Shen (Insead),
Haotian Xiang (Guanghua Peking U):
‘Bank Heterogeneity and Financial Stability’
13th May: 12 pm ET: Cecilia Parlatore (NYU Stern) with Eduardo Davila (Yale):
‘Identifying Price Informativeness’
1pm ET: Christian Hellwig (Toulouse)
with Elias Albagli (Central Bank of Chile) and Aleh Tsyvinski (Yale)
‘Dispersed Information and Asset Prices’
20th May: 12 pm ET: William Fuchs (Carlos III Madrid & McCombs Austin Texas) with
Martin Dumav (Carlos III Madrid), with Jangwoo Lee (Austin Texas)
‘Self-enforcing Contracts with Persistence’
1 pm ET: Harald Uhlig (U of Chicago) with Jesus Fernandez-Villaverde (U Penn), Daniel
Sanches (Philadelphia Fed) and Linda Schilling (Polytechnique):
‘Central Bank Digital Currency: When price and bank stability collide’
27th May: 12 pm ET: Ariel Zetlin-Jones (Carnegie Mellon Tepper) with
Zahra Ebrahimi (CMU) and Bryan Routledge (CMU)
‘Getting Blockchain Incentives Right’
1pm ET: Bruno Biais (HEC Paris) with
Yackolley Amoussou (Paris 6), Maria Potop (Paris 6), Sara Tucci (CEA)
Comittee based blockchain protocols as games between strategic agents and adversaries’
3rd June: 12 pm ET: David Skeie (Warwick Business School):
`Digital Currency Runs’
1pm ET: Rod Garratt (UC Santa Barbara) with Maarten van Oordt (Bank of Canada):
Why Fixed Costs Matter for Proof-of-Work Based Cryptocurrencies‘
10th June: 12 pm ET: Alireza Tahbaz-Salehi (Kellogg Northwestern) with
Pooya Molavi (Kellogg) and Andrea Vedolin (Boston U)
‘Asset Pricing with Misspecified Models’
1 pm ET: Xavier Gabaix (Harvard) and Ralph S.J. Koijen (Chicago Booth):
‘In Search of the Origins of Financial Fluctuations’
17th June: 12 pm ET: Frederic Malherbe (UCL):
‘Systemic Risk Measures: An Anatomy’
1 pm ET: David Argente (Penn State) with Fernando Alvarez (U Chicago):
‘Consumer Surplus of Alternative Payment Methods: Paying Uber with Cash’
1st July: 12 om ET: Benjamin Hebert (Stanford GSB):
‘Externalities as Arbitrage’
1pm ET: Jean-Charles Rochet (U of Geneva and MIT) with Bruno Biais (HEC Paris):
‘Taxing Financial Transactions’
8th July: 12 pm ET: Yaron Leitner (Olin WUSTL) and Basil Williams (NYU):
‘Model Secrecy and Stress Tests’
15th July: 12 pm ET: Pierre-Olivier Weill (UCLA) with Mahyar Kargar (University of Illinois at
Urbana-Champaign) and Benjamin Lester (Philadelphia Fed):
‘Inventory, market making, and liquidity: Theory and application to the
corporate bond market’
22nd July: 12 pm ET: Viral Acharya (NYU Stern)
with Raghuran Rajan (Chicago Booth) and Jack Shim (NYU Stern)
‘When is Debt Odious? A Theory of Repression and Growth Traps’
PAST SEMINARS: Autumn &Winter 2020
9th Sept: 12 pm ET: Leonid Kogan (MIT Sloan) with
Winston Dou (Wharton) and Wei Du (Texas A&M U)
‘Common Fund Flows: Flow Hedging and Factor Pricing‘
1 pm ET: Stavros Panageas (UCLA Anderson) and Nicolae Garleanu (Berkeley Haas)
Heterogeneity and Asset Prices’
16th Sept: 12pm NYT: Eduardo Davila (Yale) with Ansgar Walther (Imperial):
‘Prudential Policy with Distorted Beliefs’
1pm NYT: Giorgia Piacentino (Columbia GSB) with
Jason R. Donaldson (Olin) and Edward R. Morrison (Columbia)
`Restructuring vs. Bankruptcy’
23rd Sept: 12pm NYT: Todd Keister (Rutgers) with Yuliyan Mitkov (U of Bonn)
‘Allocating Losses: Bail-ins, Bailouts and Bank Regulation‘
1 pm NYT: Yao Zeng (Wharton) with
Yiming Ma (Columbia) and Kairong Xiao (Columbia)
‘Bank Debt versus Mutual Fund Equity in Liquidity Provision’
30th Sept: 12pm NYT: Dimitri Vayanos (LSE) with
Pierre Olivier-Gourinchas (UC Berkeley, Princeton) and Walker Ray (LSE):
`A Preferred-Habitat Model of Term Premia and Currency Risk’
1 pm NYT: Eric Budish (Chicago Booth)
with Matteo Aquilina (FCA and FSB) and Peter O’Neill (FCA):
`Quantifying the High-Frequency Trading “Arms Race”: A Simple New
Methodology and Estimates’
7th Oct: 12pm NYT: Gur Huberman (Columbia GSB) with Paolo Guasoni (Dublin City
University) and Clara Shikhelman (Chaincode Labs):
`Lightning Network Economics: cost-minimal channels and their implications
for network structure’
1 pm NYT: John Geanakoplos (Yale) with Yaniv Ben-Ami (Carleton):
`General Equilibrium Outside the Edgeworth Box: Debt, Fragility, and Multiplicity’
14th Oct: 12pm NYT: Vincent Maurin (Stockholm School of Economics) with
Piero Gottardi (Essex and EUI) and Cyril Monnet (U Bern, SZ Gerzensee)
‘Financial Fragility with Collateral Circulation’
21st Oct: 12pm NYT: Julien Prat (Ecole Polytechnique, ENSAE, CNRS) with Vincent Danos (CNRS, ENS)
Stefania Marcassa (Cergy-Pontoise) and Mathis Oliva (CREST)
`Fundamental Pricing of Utility Tokens’
1 pm NYT: Jiasun Li (George Mason) and William Mann (Emory):
‘Digital Tokens and Platform Building’
28th Oct: 12pm NYT: Brett Green (Olin WUSTL) with
Brendan Daley (Johns Hopkins) and Thomas Geelen (Copenhagen Business S)
`Due Diligence’
1 pm NYT: John Cochrane (Hoover Stanford)
`A Fiscal Theory of Monetary Policy with Partially-Repaid Long-Term Debt’
4th Nov: 12pm NYT: Michael Sockin (Mc Combs Texas) and Daniel Neuhann (Mc Combs Texas)
`Risk-Sharing, Investment, and Asset Prices According to Cournot and Arrow- Debreu’
1 pm NYT: Alejandro Rivera (Naveen UT Dallas) with
Gilles Chemla (Imperial College) and Liyan Shi (EIEF):
‘Equilibrium Managerial Overcompensation’
11th Nov: 12pm NYT: Javier Bianchi (Minneapolis Fed)
with Manuel Amador (U of Minnesota, Minneapolis Fed)
`Bank-Runs, Contagion and Credit Easing’
1 pm NYT: Pablo Kurlat (U Southern California)
‘Investment Externalities in Models of Fire Sales’
18th Nov: 12 pm NYT: Anna Pavlova (London Business School) with Anil Kashyap (Chicago Booth),
Natalia Kovrijnykh (Arizona State) and Jian Li (U Chicago):
Is There Too Much Benchmarking in Asset Management?
2nd Dec: 12pm NYT: Jonathan Chiu (Bank of Canada) with Thorsten Koeppl (Queen’s U):
‘The Economics of Cryptocurrencies - Bitcoin and Beyond’
1 pm NYT: Ravi Jagadeesan (Harvard)
with Christian Catalini (MIT Sloan, Calibra), Scott Kominers (Harvard):
‘Market Design for a Blockchain-Based Financial System’
9th Dec: 12pm NYT: Liyan Yang (Toronto Rotman) with
with Itay Goldstein (Wharton) and Yan Xiong (Hong Kong U)
`Whoever Has Will Be Given More: Information Sharing in Financial Markets`
1 pm NYT: Nina Baranchuk (UT Dallas) with Michael Rebello (UT Dallas):
`Distressed Firm Restructurings and Hedge Funds with Expertise: Saviors or Vultures’
PAST SEMINARS: Spring- Summer 2021
17th Feb: 12 pm NYT: Maureen O’Hara (Cornell) with David Easley (Cornell)
‘Financial Market Ethics’
1 pm NYT: Briana Chang (Wisconsin Madison) with Shengxing Zhang (LSE)
`Risk Concentration and Interconnectedness in OTC Markets`
24th Feb: 12 pm NYT: Snehal Banerjee (Rady UC San Diego) with
Ivan Marinovic (Stanford GSB) and Kevin Smith (Stanford GSB)
‘Disclosing to Informed Traders’
1pm NYT: Ran Spiegler (Tel Aviv U, UCL) with
Kfir Eliaz (Tel Aviv, David Eccles Utah) and Yair Weiss (Hebrew U)
‘Cheating with Models’
10th March: 12 pm NYT: Daniel Sanches (Philadelphia Fed) with Todd Keister (Rutgers)
‘Should Central Banks Issue Digital Currency?’
1pm NYT: Dirk Niepelt (U Bern, SZ Gerzensee)
‘Monetary Policy with Reserves and CBDC: optimality, equivalence, and politics’
17th March: 12pm NYT: Alex Cukierman (Tel Aviv University)
‘COVID-19, Seignorage, Quantitative Easing & the Fiscal- Monetary Nexus’
24th March: 12 pm NYT: Naveen Gondhi (Insead Paris) with
Snehal Banerjee (UCSD) and Jesse Davis (UNC Kenan Flagler)
‘Choosing to disagree in Financial Markets’
31st March: 12 pm NYT: Raphael Auer (BIS), Cyril Monnet (Gerzensee, U Bern), Hyun Shin (BIS)
Permissioned Distributed Ledgers and the Governance of Money’
1pm NYT: Rafael Repullo (CEMFI) with David Martinez-Miera (UC3M)
‘Interest Rates, Market Power, and Financial Stability’
7th April: 12 pm NYT: Elena Carletti (Bocconi) with
Agnese Leonello (ECB) and Robert Marquez (UC Davis)
‘Loan guarantees, bank underwriting policies and financial fragility’
1 pm NYT: Jason Roderick Donaldson (Olin WUSTL) with
Denis Gromb (HEC), and Giorgia Piacentino (Columbia)
‘Collateral Reallocation’
14th April: 12 pm NYT: Simon Gervais (Fuqua Duke) with Günter Strobl (University of Vienna)
‘Money Management and Real Investment’
28th April: 12 pm NYT: Nadya Malenko (Michigan Ross) with
Adrian Corum (Cornell) and Andrey Malenko (U Michigan)
‘Corporate governance in the presence of active and passive delegated investment’
1 pm NYT: Maryam Farboodi (MIT Sloan) with
Gregor Jarosch (Princeton) and Rob Shimer (U of Chicago)
‘The Emergence of Market Structure’
5th May: 12 pm NYT: Thomas Rivera (McGill) with
Kose John (NYU Stern), Fahad Saleh (Wake Forest U):
‘Economic Implications of Scaling Blockchains:
Why the Consensus Protocol Matters’
12th May: 12 pm NYT: Anton Tsoy (Toronto) with Andrey Malenko (Michigan Ross)
‘Optimal Time-Consistent Debt Policies’
19th May: 12 pm NYT: Konstantin Milbradt (Northwestern Kellogg)
‘Asset heterogeneity in Over-The-Counter markets’
1 pm NYT: Vincent Glode (Wharton) with Christian Opp (Rochester)
‘Renegotiation in Debt Chains’
26th May 12pm NYT: Itay Fainmesser (Carey John Hopkins) with
Andrea Galeotti (Essex) and Ruslan Momot (HEC)
‘Digital Privacy’
1 pm NYT: William Cong (Cornell) with Ehsan Azarmsa (U Chicago)
Endogenous Innovation, General Purpose Technologies, and Scalability- induced
Inequality’
PAST SEMINARS: Autumn 2021
8th Sept 12pm NYT: Richard Kihlstrom (Wharton)
with Christian Gollier (Toulouse)
Recursive Asset Pricing with Non-recursive Preferences
6th Oct 12 pm NYT: Viral Acharya (NYU Stern) with
Simone Lenzu (NYU Stern) and Olivier Wang (NYU Stern)
Zombie Lending and Policy Traps
20th Oct 12 pm NYT: Pietro Veronesi (Chicago Booth) with
Christopher L. Culp (John Hopkins, Swiss Finance Institute),
Mihir Gandhi (Chicago) and Yoshio Nozawa (Hong Kong U ST)
Option-Implied Spreads and Option Risk Premia
1 pm NYT: Darrell Duffie (Stanford) with
Adam Copeland (New York Fed) and Yilin (David) Yang (Stanford GSB)
Reserves Were Not So Ample After All
10th Nov 12 pm NYT: Hans Gersbach (ETH Zurich) with Florian Boeser (ETH Zurich)
Monetary Policy with a Central Bank Digital Currency: The short and the long-term
1pm NYT: Maximilian Guennewig (LSE/U Bonn)
Money Talks: Information and Seignorage
8th Dec 12 pm NYT: Sebastian Ebert (Frankfurt School of Finance) with
Joost Driessen (Tilburg) and Joren Koeter (Tilburg)
П-CAPM: The Standard CAPM with Probability Weighting and Skewed Assets
1 pm NYT: Yunzhi Hu (UNC Kenan-Flagler) with
Felipe Varas (Duke) and Chao Ying (Chinese University of Hong Kong)
Debt Maturity Management