Government support for the financial sector: what happens next?

Programme

 

Thursday, 28 October 2010
Opening by Lex Hoogduin, Executive Director, De Nederlandsche Bank (DNB)

Session I: Bank lending and preventive Policy

Chair: Lex Hoogduin (Executive Director, DNB)

Enrico Perotti (University of Amsterdam),
'Regulation of Liquidity Risk'  
Discussants: Angela Maddaloni (European Central Bank) - Gabriele Galati (DNB)  

Neeltje van Horen (DNB),
'Running for the Exit: International Banks and Crisis Transmission'
Discussants: Luc Laeven (International Monetary Fund) - Süheyla Özyildirim (Bilkent University)  

Keynote: 'Banks Supervision Going Global: A Cost-Benefit Analysis'
Thorsten Beck (University of Tilburg)  

Session II: Government  support and competition

Chair: Thorsten Beck (University of Tilburg)

Tim Schmidt-Eisenlohr (University of Oxford),
'Bank Bailouts, International Linkages and Cooperation'

Discussants: Rhiannon Sowerbutts (Bank of England) - Iman van Lelyveld (DNB)  

Panel Discussion, moderator: Rick van der Ploeg (University of Oxford)
Wim Boonstra (Rabobank) - Eduardo Levy Yeyati (Universidad Torcuato Di Tella and Brookings) - Enrico Perotti (University of Amsterdam) - Paul Seabright (University of Toulouse and member of the EC Economic Advisory Group for Competition Policy)  

Friday, 29 October 2010   

Session III: Bad Loans and Optimal Bank Capital

Chair: Jakob de Haan (Head of Research, DNB)

Gerard Llobet ( CEMFI),
'Walking Wounded or Living Dead? Making Banks Foreclose Bad Loans'
Discussants: John V. Duca (Federal Reserve Bank of Dallas) - Itai Agur (DNB)  

Kenichi Ueda (International Monetary Fund),
'Wall Street v.s. Main Street: Endogenous Banking Sector in a Macroeconomy'
Discussants: Panicos Demetriades (University of Leicester) - Maarten van Oordt (DNB)  

Keynote: 'Governments, Moral Hazards, and Financial Crises'
Elena Carletti (European University Institute)  

Session IV: Recovery and Stigma

Chair: Job Swank (Director Economics & Research Division, DNB)

Thomas Kick (Deutsche Bundesbank),
'Recovery Determinants of Distressed Banks: Regulators, Market Discipline, or the Environment?'Discussants: Reint Gropp (EBS Business School) - Mark Mink (DNB)  

Asani Sarkar (Federal Reserve Bank of New York)
'Stigma in Financial Markets - Evidence from liquidity auctions and discount window borrowing during the crisis'
Discussants: Stefan Gerlach (Frankfurt University) - John Lewis (DNB)