Program and Papers
In light of the rapidly evolving situation related to the COVID-19 pandemic, we have decided to move the workshop fully online. Each day (the workshop is scheduled in the European afternoon) will have three sessions with 2 papers each, with a 10-minute break between sessions. Each paper is allocated a 40 minutes slot, 25 for the presenter, 10 for the discussant and 5 for Q&A. Questions can also be done on a parallel chat online. Technical details and the Zoom links for the webinars and how to connect will follow.
Please register to our mailing list to receive the Zoom invitation to the workshop.
June 4, 2.00pm - 6.20pm (Rome) 8.00am - 12.20pm (New York)
Session 1: June 4, 2.00pm - 3.20pm (CET); Chair: Andrea Presbitero
Product Innovation and Credit Market Disruptions (pdf, slides)
Authors: Joao Granja (Chicago Booth) and Sara Moreira (Northwestern University)
Discussant: Diogo Mendes (Universidade de Lisboa) - slides
Bank Entrepreneurs (pdf, slides)
Authors: Kristoph Kleiner (Indiana University), Manju Puri (Duke Fuqua School of Business) and Chiwon Yom (FDIC)
Discussant: Nandini Gupta (Indiana University) - slides
Session 2: June 4, 3.30pm - 4.50pm (CET); Chair: Diana Bonfim
Trade Shocks and Credit Reallocation (pdf, slides)
Authors: Stefano Federico (Bank of Italy), Fadi Hassan (Bank of Italy) and Veronica Rappoport (London School of Economics)
Discussant: Ricardo Correa (FRB) - slides
Capital Inflows, Credit Growth and Skill Misallocation (pdf, slides)
Authors: Luciana Barbosa (Bank of Portugal), Andrada Bilan (University of Zurich) and Claire Celerier (Rotman School of Management)
Discussant: Filippo Mezzanotti (Northwestern) - slides
Session 3: June 4, 5.00pm - 6.20pm (CET); Chair: Claudia Custodio
Take It to the Limit? The Effects of Household Leverage Caps (pdf, slides)
Authors: Sjoerd Van Bekkum (Erasmus School of Economics), Marc Gabarro (University of Mannheim), Rustom Irani (University of Illinois at Urbana-Champaign) and Jose Luis Peydro (Imperial College London)
Discussant: Michael Reher (UCSD) - slides
Direct Lending in the U.S. Middle Market (pdf, slides)
Authors: Tetyana Davydiuk (Carnagie Mellon University), Tatyana Marchuk (Norwegian Business School) and Sam Rosen (Temple University)
Discussant: Sergey Chernenko (Purdue University) - slides
June 5, 2.00pm - 6.20pm (Rome) 8.00am - 12.20pm (New York)
Session 4: June 5, 2.00pm - 3.20pm (CET); Chair: Alberto Zazzaro
Breaking the Sovereign-Bank Nexus (pdf, slides)
Author: Jorge Abad (CEMFI)
Discussant: Saverio Simonelli (University of Naples Federico II) - slides
Spillovers of funding dry-ups (pdf, slides)
Authors: Inaki Aldasoro (BIS), Florian Balke (Goethe University), Andreas Barth (Goethe University) and Egemen Eren (BIS)
Discussant: Camelia Minoiu (FRB) - slides
Session 5: June 5, 3.30pm - 4.50pm (CET); Chair: Geraldo Cerqueiro
The Bond Lending Channel of Monetary Policy (pdf, slides)
Authors: Olivier Darmouni (Columbia University), Oliver Gieseke(Columbia University) and Alexander Rodnyansky (University of Cambridge)
Discussant: Martina Jasova (Columbia) - slides
Why so negative? The effect of monetary policy on bank credit supply across the euro area (pdf, slides)
Authors: Christian Bittner, Diana Bonfim, Florian Heider (ECB), Farzad Saidi, Glenn Schepens and Carla Soares
Session 6: June 5, 5.00pm - 6.20pm (CET); Chair: Andrea Presbitero
Credit, Income and Inequality (pdf, slides)
Authors: Manthos Delis (Montpellier Business School), Fulvia Fringuellotti (NYFED) and Steven Ongena (University of Zurich)
Discussant: Diego A. Vera-Cossio (IDB) - slides
Social Collateral (pdf, slides)
Authors: Ha Diep-Nguyen (Indiana University) and Huong Dang (Foreign Trade University)
Discussant: Ralph De Haas (EBRD) - slides