15th MoFiR Workshop on Banking

13:30–13:45 Registration

13:45–14:00 Welcome and Institutional Greetings

    Maria Cristina Pierro, Rector and Andrea Uselli, Department Director

14:00–15:00 Session 1 | Geopolitics and Financial Interconnections

    Chair: Andrea Bellucci (Università degli Studi dell'Insubria)

    Paper 1: The Pricing of Geopolitical Tensions over a Century

    Alessandro Melone (Ohio State University)

    Paper 2: CBDCs, Payment Firms, and Geopolitics

    Jan Keil (Humboldt University of Berlin)

 15:00–16:00 Session 2 | Conflicts and Banks

    Chair: Serena Fatica (European Commission's Joint Research Centre)

    Paper 1: A Geopolitical Shock to Bank Assets and Monetary Policy Transmission 

    Björn Imbierowicz (Deutsche Bundesbank) 

    Paper 2: Violent Conflict and Cross-Border Lending

    Ralph De Haas (European Bank for Reconstruction and Development and CEPR)

16:00–16:30  Coffee break

16:30–18:00       Policy and Industry Panel | Geopolitical Risks and the Financial Sector

    Davide Alfonsi (Senior Advisor to the CEO, Intesa Sanpaolo)

    Aurelio Maccario (Chief Risk Officer, UniCredit)

    Stephan Fahr (European Central Bank)

    Andrea Presbitero (International Monetary Fund and CEPR)

    Moderator: Paola Schwizer (University of Parma and SDA Bocconi)

18:00 Reception

08:40–09:00 Registration and coffee

09:00–10:40 Session 1 | Mortgage Market

     Paper 1: Inflation Through the Mortgage Market

     Arpit Gupta (New York University Stern School of Business)

     Discussant: Pedro Gete (IE University)

     Paper 2: Interest Rate Pass-Through with Adjustable Rate Mortgages

     Miguel Ferreira (Nova School of Business)

     Discussant: Giulio Cornelli (Bank for International Settlements)

10:40–11:00 Coffee break

11:00–12:30 Keynote Lecture: Warming Up and Banking Globally, Regulating Locally? 

     Steven Ongena (Professor of Banking at the University of Zurich)

     Introduction by Andrea Presbitero (International Monetary Fund and CEPR)

12:30–13:30 Lunch

13:30–15:10 Session 2 | Networks and Shock Transmission

     Paper 1: Bank Specialization within Production Networks

     Yushi Peng (Tilburg University)

     Discussant: Emmanuel Caiazzo  (Universita' degli Studi di Napoli Parthenope)

     Paper 2: Banks, Firms, and Households: Credit Shock Amplification and Real Effects

     Cédric Huylebroek (KU Leuven)

     Discussant: Roman Goncharenko (Central Bank of Ireland)

15:10–15:30 Coffee break

15:30–18:00 Session 3 | Frontiers in Credit Markets

     Paper 1: Common Investors Across the Capital Structure: Private Debt Funds as Dual Holders

     Tatyana Marchuk (Nova School of Business & Economics, CEPR)

     Discussant: Sascha Steffen (Frankfurt School of Finance & Management)

     Paper 2: The Interoperability of Financial Data

     Elif Cansu Akoguz (KU Leuven)

     Discussant: Ben Charoenwong (Insead)

     Paper 3: Quantitative Tightening: The Bank Liquidity-Duration Nexus

     Alba Patozi (Bank of England)

     Discussant: Raoul Minetti (Michigan State University)

08:40–09:00 Registration and coffee

09:00–10:00 Session 4 | PhD Poster Session

     Chair: Alberto Zazzaro (University of Naples Federico II)

     Green or Brown, Small or Big? How Nonbanks Reshape Monetary Transmission and Credit Allocation, Francesco Febbraro (University of Groningen)

     Tight Capital, Loose Money: How Stress-Tested Banks Responded to Quantitative Easing, Chiara Vergeat (London Business School)

     Down Payments, Deferred Homes: How LTV Restrictions Reshape Household Consumption, Yann Cerasi (University of Zurich)

     Pioneering Unbanked Markets: The Catalytic Role of a Public Commercial Bank, Roberto Melis (University of Agder)

10:00–10:20 Coffee break

10:20–12:00 Session 5 | Bank Lending

     Paper 1: Competing for Loan Informal Seniority: Theory and Evidence

     Bernardo Ricca (Insper)

     Discussant: Nicola Limodio (Bocconi University)

     Paper 2: Debt Flexibility

     Rhys Bidder (King's Business School)

     Discussant: Artashes Karapetyan (ESSEC Business School)

12:00–13:00 Lunch

13:00–14:40 Session 6 | Bank Funding

     Paper 1: Large Depositors, Retail Depositors, and the Deposits Channel of Monetary Policy

     Yevhenii Usenko (MIT Sloan)

     Discussant: Christoph Basten (University of Zurich)

     Paper 2: Wholesale Funding Crises since 1800

     Sami K. Mahmood (National University of Singapore)

     Discussant: Dmitry Kuvshinov (Pompeu Fabra University)

Organizing committee

Andrea Bellucci (Università degli Studi dell'Insubria and MoFiR)

Serena Fatica (European Commission's Joint Research Centre and MoFiR)

Rossella Locatelli (Università degli Studi dell'Insubria)

Andrea F. Presbitero (International Monetary Fund, MoFiR and CEPR)
Alberto Zazzaro (University of Naples Federico II, CSEF and MoFiR)

Programme Committee:

Isha Agarwal (University of British Columbia Sauder)
Pietro Alessandrini (Università Politecnica delle Marche and MoFiR)
Thorsten Beck (European University Institute and CEPR)
Diana Bonfim (Banco de Portugal, ECB, and Católica Lisbon School of Business and Economics)

Martin Brown (Study Center Gerzensee and University of St. Gallen)
Claire Célérier (University of Toronto and CEPR)
Geraldo Cerqueiro (Católica Lisbon School of Business and Economics)

Nicola Cetorelli (Federal Reserve Bank of New York)

Ben Charoenwong (INSEAD)

Cláudia Custódio (Imperial College Business School and CEPR)

Ralph De Haas (EBRD, KU Leuven and CEPR)

Hans Degryse (KU Leuven and CEPR)
Andrew Ellul (Indiana University, ECGI and CEPR)
Isil Erel (Ohio State University)

Leonardo Gambacorta (Bank for International Settlements and CEPR)
Mariassunta Giannetti (Stockholm School of Economics and CEPR)
Arpit Gupta (NYU Stern)
Nandini Gupta (Indiana University)
Kinda Hachem (University of Virginia)
Rustom M. Irani (University of Illinois at Urbana-Champaign and CEPR)

Agnese Leonello (European Central Bank)
Nicola Limodio (Bocconi University and CEPR)

José María Liberti (DePaul University, Northwestern University and MoFiR)
David Martinez-Miera (Universidad Carlos III and CEPR)
Raoul Minetti (Michigan State University)
Camelia Minoiu (Federal Reserve Bank of Atlanta)
Thomas Mosk (Queen Mary University London)

Karsten Müller (National University of Singapore)

Lars Norden (Getulio Vargas Foundation )

Marco Pagano (University of Naples Federico II, CSEF, EIEF and CEPR)
Sergio Schmukler (World Bank and MoFiR)
Enrico Sette (European Central Bank)
André F. Silva (Federal Reserve Board)
Janis Skrastins (Washington University in St. Louis)

Jason Sturgess (Queen Mary University of London)
Hirofumi Uchida (Kobe University and MoFiR)
Iichiro Uesugi (Hitotsubashi University and MoFiR)
Neeltje Van Horen (Bank of England, University of Amsterdam and CEPR)