MoFiR 2025 - Program

Venue: Day 1: NUS Business School

08:30-09:00 Registration and coffee

09:00-09:10 Welcome by Karsten Müller (NUS Business School)

09:10-10:50 Session 1 | Consumer Credit Market Dynamics

   (50 minutes for paper, 25 presenter, 15 discussant, 10 Q&A)

Paper 1: Poverty Spreads in Deposit Markets

Arkodipta Sarkar (NUS)

Discussant: Jun Yang (University  of Notre Dame)

Paper 2: Search and Negotiation with Biased Beliefs in Consumer Credit Markets

Sheisha Kulkarni (University of Virginia)

Discussant: Ben Charoenwong (INSEAD)

10:50-11:10 Coffee break

11:10-12:40 Keynote lecture:

Professor Amir Sufi (Bruce Lindsay Professor of Economics and Public Policy at Chicago Booth)

Introduction by Karsten Müller (NUS Business School)

12:40-13:40 Lunch

13:40-15:20 Session 2 | Industrial organization of banking

   (50 minutes for paper, 25 presenter, 15 discussant, 10 Q&A)

Paper 1: Bank Geographic Diversification and Funding Stability

Sebastian Doerr (Bank for International Settlements)

Discussant: Kristle Cortes (University of New South Wales)

Paper 2: Bank Specialization in Lending to New Firms

Ralph De Haas (EBRD, KU Leuven and CEPR)

Discussant: Andrea Presbitero (IMF and CEPR)

15:20-15:40 Coffee break

15:40-17:20 Session 3 | AI and Technology in Financial Markets

   (50 minutes for paper, 25 presenter, 15 discussant, 10 Q&A)

Paper 1: CovenantAI - New Insights into Covenant Violations

Paulina Verhoff (Frankfurt School)

Discussant: Amir Sufi (Chicago Booth)

Paper 2: Unleashing International Trade through Financial Integration: Evidence from a Cross-Border Payment System

Lucas Argentieri Mariani (Bocconi University)

Discussant:  Tianyue Ruan (NUS)

19:30 Drinks and Dinner (by invitation only)

Venue Day 2: INSEAD Singapore

08:40-9:00 Registration and coffee

09:00-10:00 Session 4 | PhD Student Presentations 

Chair: Alberto Zazzaro (University of Naples Federico II)

(~7 minutes for presenters, and 30 minutes for Q&A)

The Effect of Monetary Policy on Systemic Bank Funding Stability, Maximilian Grimm (University of Bonn)

The Welfare Benefits of Pay-As-You-Go Financing, Renping Li (Olin Business School) - Canceled

Prudential Regulation for Financial Stability in Economies with Financial Dollarization, Ertunc Aydogdu (Tilburg University)

Corporate Debt Structure Around the World, Alireza Aghaee (Bocconi University)

The Long and Short of U.S. Bank Regulations: From the Great Depression to the 2023 Bank Failures, Sami Mahmood (NUS Business School)

10:00-10:20 Coffee break

10:20-12:00 Session 5 | Foundations of Banking and Monetary Policy 

   (50 minutes for paper, 25 presenter, 15 discussant, 10 Q&A)

Paper 1: The Economics of Network-Based Deposit Insurance

Edward Kim (University of Michigan)

Discussant: Karsten Müller (NUS Business School)

Paper 2: Optimal Interest Rate Tightening with Financial Fragility

Damien Capelle (IMF)

Discussant: Frederic Boissay (Bank for International Settlements)

12:00-13:00 Lunch

13:00-14:40 Session 6 | Banking Sector Evolution 

    (50 minutes for paper, 25 presenter, 15 discussant, 10 Q&A)

Paper 1: Payout Restrictions and Bank Risk-Shifting

Thomas Kroen (IMF)

Discussant: Tommaso Oliviero (University of Naples Federico II)

Paper 2: Monetary Policy Under Multiple Financing Constraints

Yannick Timmer (Federal Reserve Board)

Discussant: Dominik Damast (Luiss University)

Organizing committee

Ben Charoenwong (INSEAD)

Karsten Müller (National University of Singapore)

Andrea F. Presbitero (International Monetary Fund, MoFiR and CEPR)

Alberto Zazzaro (University of Naples Federico II, CSEF and MoFiR)

Venue: 

NUS Business School (June 2) 

INSEAD Singapore (June 3)