MoFiR 2022 - Program

8:15-9:00 Registration and coffee

9.00-9:15 Opening Remarks: Mário Centeno, Governor, Banco de Portugal

9.15: -11:15 Session 1. Chair: Diana Bonfim (Banco de Portugal)

Banking on Carbon: Corporate Lending and Cap-and-Trade Policy

Ivan T. Ivanov (Federal Reserve Board), Mathias S. Kruttli (Federal Reserve Board) and Sumudu W. Watugala (Cornell University)

· Discussant: Deniz Igan (Bank for International Settlements)

“Crime and punishment?” How Russian banks anticipated and dealt with global financial sanctions

Mikhail Mamonov (MGIMO-University and CERGE-EI), Anna Pestova (MGIMO-University and CERGE-EI) and Steven Ongena (University of Zurich)

· Discussant: Roman Goncharenko (KU Leuven)

11:15-11:30 Coffee break

11.30-12:45 Keynote lecture: Decision-Making under Uncertainty: Implications for Applied Research in Corporate Finance & Banking

Murillo Campello (Cornell University and NBER)

Chair: Andrea F. Presbitero (International Monetary Fund)

12:45-13:45 Lunch

13:45-15:45 Session 2. Chair: Alberto Zazzaro (University of Naples Federico II)

Are Judges randomly assigned to Chapter 11 bankruptcies? Not according to hedge funds

Niklas Huther (Indiana University) and Kristoph Kleiner (Indiana University)

· Discussant: Irem Demirci (Nova School of Business and Economics)

Corrective regulation with imperfect instruments

Eduardo Davila (Yale University) and Ansgar Walther (Imperial College London)

· Discussant: Eva Schliephake (Católica Lisbon School of Business and Economics)

15:45-16:00 Coffee break

16:00-18:00 Session 3. Chair: Geraldo Cerqueiro (Católica Lisbon School of Business and Economics)

The distribution of crisis credit: Effects on firm indebtedness and aggregate risk

Federico Huneeus (Central Bank of Chile), Joseph P. Kaboski (University of Notre Dame), Mauricio Larrain (Pontificia Universidad Catolica de Chile), Sergio L. Schmukler (The World Bank) and Mario Vera (Financial Market Commission of Chile)

· Discussant: Kristle Cortes (UNSW Business School)

Household leverage and labor market outcomes: Evidence from a macroprudential mortgage restriction

Gazi Kabas (University of Zurich) and Kasper Roszbach (Norges Bank)

· Discussant: Andrew Ellul (Indiana University)

20:00 Conference Dinner

8:15-8.45 Coffee

8:45-10:45 Session 4. Chair: Lev Ratnovski (International Monetary Fund)

Forbearance, interest rates, and present-value effects in a randomized debt relief experiment

Deniz Aydin (Washington University in St. Louis)

· Discussant: Nuno Clara (Duke University)

Banking networks and economic growth: From idiosyncratic shocks to aggregate fluctuations

Shohini Kundu (University of California Los Angeles) and Nishant Vats (University of Chicago)

· Discussant: Raoul Minetti (Michigan State University)

10:45-11:00 Coffee break

11:00-13:00 Session 5. Chair: Cláudia Custódio (Imperial College Business School)

Credit fire sales: Captive lending as liquidity in distress

Matteo Benetton (University of California at Berkeley), Sergio Mayordomo (Bank of Spain) and Daniel Paravisini (London School of Economics)

· Discussant: Enrico Sette (Bank of Italy)

Evergreening

Miguel Faria-e-Castro (Federal Reserve Bank of St. Louis), Pascal Paul (Federal Reserve Bank of San Francisco) and Juan M. Sanchez (Federal Reserve Bank of St. Louis)

· Discussant: Diane Pierret (University of Luxembourg)

13:00-14:00 Lunch

14:00-16.00 Session 6. Chair: Andrea F. Presbitero (International Monetary Fund)

Friends and Family Money: P2P Transfers and Financially Fragile Consumers

Tetyana Balyuk (Emory University) and Emily Williams (Harvard University)

· Discussant: André Silva (Federal Reserve Board)

Escaping Violent Death: Access to Credit and Female Mortality

Bernardus van Doornik (Central Bank of Brazil), David Schoenherr (Princeton University) and Janis Skrastins (Washington University in St. Louis)

· Discussant: Ralph De Haas (EBRD and KU Leuven)