Program

All morning and evening sessions take place in room Bern (first floor, above hotel lobby). 

All parallel sessions take place either in room Zurich or room Geneva (ground and first floor, castle).

Monday July 31 (Banking)

7:00-8:30          Breakfast

8:30-9:15          Bank Competition and Bargaining over Refinancing

                        Authors: Francois Koulischer (Uni Luxembourg), Marina Emiris (National Bank of Belgium), Christophe Spaenjers (Leeds)

9:15-10:00        Money-issuing Banks and the Market Price of Time

                        Authors: My Hedlin (European University Institute)

10:00-10:30      Coffee break 

10:30-11:15      Opacity, Signaling, and Bail-ins

                        Authors: Kentaro Asai (ANU), Bruce Grundy (ANU), Ryuichiro Izumi (Wesleyan)

11:15-12:00      Monitoring with Small Stakes

                        Authors: Shohini Kundu (UCLA), Sheila Jiang (Warrington), Douglas Xu (Warrington)

12:00-13:30      Lunch

15:00-16:00      Coffee break  

18:00-18:30         Room Geneva

Non-bank Market Power in Leveraged Lending

Authors: Franz Hinzen (Dartmouth)

Room Zurich

CBDC: Banking and Anonymity

Authors: Ryuichiro Izumi (Wesleyan), Yuteng Cheng (Bank of Canada), 

18:30-19:00         Room Geneva

On Endogenous Markups Distribution and the Pecuniary Externality of Credit on Monetary Exchange

Authors: Sam Ng (Melbourne), 

Timothy Kam (ANU), Junsang Lee (Sungkyunkwan), Hyungsuk Lee (Sungkyunkwan)

Room Zurich

Bank Market Power and Central Bank Digital Currency: A Case of Imperfect Substitution

Authors: Grace Xun Gong (Zhejiang University), Han Han (Peking), Yu Zhu (Renmin)

19:00-20:30      Dinner

20:30-21:15      Evening session

Monetary Policy Pass-Through with Central Bank Digital Currency

Authors: Janet Jiang (Bank of Canada), Yhu Zhu (Renmin)

Tuesday August 1: (Liquidity and Bubbles)

7:00-8:30          Breakfast

8:30-9:15          Necessity of Rational Asset Price Bubbles in Two-sector Growth Economies

Authors: Tomohiro Hirano (Royal Holloway), Ryo Jinnai (Hitotsubashi), Alexis Akira Toda (UC San Diego)

9:15-10:00         E-Money and Liquidity

Authors: Lukas Altermatt (Essex), Louphou Coulibaly (Wisconsin), Kohei Iwasaki (Osaka), Randall Wright (Wisconsin) 

10:00-10:30      Coffee break 

10:30-11:15      Optimal Timing of Policy Intervention in Troubled Banks

Authors: Philipp Koenig (Bundesbank), Paul Mayer (WU Vienna), David Pothier (University of Vienna)

11:15-12:00      Intermediated Asset Market Dynamics: A Search-Theoretic Approach

Authors: Chao Gu (Missouri), Lu Wang (UC Irvine), Randall Wright (Wisconsin)

12:00-13:30      Lunch

15:00-16:00      Coffee break 

18:00-18:30       Room Geneva

Cryptocurrency Bubbles and Costly Mining

Authors: Kohei Iwasaki (Osaka)

Room Zurich

Hysteresis in Asset Liquidity

Authors: Lu Wang (Irvine)

18:30-19:00       Room Geneva

Central Bank Digital Currencies-  a Blessing or a Curse for Crypto Shadow Banking?

Authors: Jonathan Chiu (Bank of Canada), Cyril Monnet (Bern)

Room Zurich

Anonymity in Payment Systems

Authors: Fabienne Schneider (Bern), Remo Taudien (Bern)

19:00-20:30      Dinner

20:30-21:15      Evening session

Strategic Complementarities in a Dynamic Model of Technology Adoption: P2P Digital Payments

Authors: Fernando Alvarez (Chicago), David Argente (Pennsylvania), Francesco Lippi (LUISS/EIEF), Esteban Méndez (Central Bank of Costa Rica), Diana Van Patten (Yale)

Wednesday August 2: (Financial Stability)

7:00-8:30          Breakfast

8:30-9:15          Bank Runs and Interventions with Wholesale Funding

Authors: Luis Araujo (Michigan and São Paolo), Ryuichiro Izumi (Wesleyan), Fabrizio Mattesini (Rome)

9:15-10:00        Smart Banks

Authors: Maxi Guennewig (Bonn), Alkis Georgiadis-Harri (Bonn), Yuliyan Mitkov (Bonn)

10:00-10:30      Coffee break 

10:30-11:15      Provision of Liquidity to Stressed Financial Markets: Resurrecting the Classical Lender of Last Resort

Authors: Fabrizio Mattesini (Rome Tor Vergata), Ed Nosal (FED Atlanta), Yu Zhu (Renmin)

11:15-12:00      Interest Rate Control and Interbank Markets

Authors: Stephen Williamson (UWO)

12:00-13:30      Lunch

15:00-16:00      Coffee break 

18:00-18:30       Room Geneva

A Proposal for Stablecoins’ Regulation

Authors: Francesca Carapella(Board of Governors)

Room Zurich

Deposit Insurance Pricing and Monetary Policy Transmission

Authors: Natalia Andries (Erudité), Steve Billon (Strasbourg)

18:30-19:00       Room Geneva

DeFi Leverage

Authors: Wenqian Huang (BIS), Lioba Heimbach (ETH)

Room Zurich

Central Bank Digital Currency and Banking Choices

Authors: Jiaqi Li (Bank of Canada), Andrew Usher (Bank of Canada), Yu Zhu (Renmin)

19:00-20:30      Dinner

20:30-21:15      Evening session

The Real Effects of Financial Disruptions in a Monetary Economy

Authors: Sukjoon Lee (NYU), Miroslav Gabrovski (Manoa), Athanasios Geromichalos (UC Davis), Lucas Herrenbrueck (Simon Fraser), Ioannis Kospentaris (VCU)

Thursday August 3: (Payments)

7:00-8:30          Breakfast

8:30-9:15          Payments and Prices

Authors: Dirk Niepelt (Bern)

9:15-10:00        Co-essentiality of Money and Credit: A Mechanism-design View

Authors: Hugo van Buggenum (ETH), Stanislav Rabinovich (Chapel Hill)

10:00-10:30      Coffee break 

10:30-11:15      An Analytical Model of Search and Bargaining with Divisible Money

Authors: So Kubota (Waseda), Kazuya Kamiya (Kobe)

11:15-12:00      On the Emergence of International Currencies: An Experimental Approach

Authors: Cathy Zhang (Purdue), Marcos Cardozo (Purdue), Yaroslav Rosokha (Purdue),

12:00-13:30      Lunch

15:00-16:00      Coffee break

18:00-18:30       Room Geneva

Strategic Bargaining and Portfolio Choice in Intermediated Markets

Authors: Jessica Li (Chicago Booth)

Room Zurich

A Monetary Model of Unit of Account

Authors: Diego Zuniga (UCLA)

18:30-19:00      Room Geneva

A Spanner in the Works: Restricting Labor Mobility and the Inevitable Capital-Labor Substitution

Authors: Roberto Pinheiro(Cleveland Fed), Bharadwaj Kannan (Colorado), Harry Turtle (Colorado)

Room Zurich

Dissecting Liquidity Insurance in Banking Models

Authors: Lukas Voellmy (SNB)

19:00-20:30      Dinner

20:30-21:15      Evening session

International Trade Finance and Learning Dynamics

Authors: Shengxing Zhang (LSE), David Kohn (Pontificia Universidad Católica de Chile), Emiliano Luttini (Central Bank of Chile), Michal Szkup (British Columbia) 

Friday August 4: (Contracts)

7:00-8:30          Breakfast

8:30-9:15          A Model of Supply Chain Finance

Authors: Makoto Watanabe (Kyoto), Bo Hu (Fudan), Jun Zhang (Fudan)

9:15-10:00        Dealer Costs and Customer Choice

Authors: Bruno Sultanum (Fed Richmond), Lucas B. Dyskant (Yale), André C. Silva (Nova)

10:00-10:30      Coffee break 

10:30-11:15      Indicator Choice in Pay-for-Performance             

Authors: Ariel Zetlin-Jones (CMU), Majid Mahzoon (CMU), Ali Shourideh (CMU)

11:15-12:00      Sovereign Debt and Credit Default Swaps

Authors: Gaston Chaumont (Rochester), Grey Gordon (Fed Richmond), Bruno Sultanum (Fed Richmond), Elliot Tobin (Harvard)

12:00-13:30      Lunch