Banking and the Globalization of Finance

Programme

Thursday, 26 May 2011

9:00-9:30 Registration with coffee/tea

9:30-9:40 Opening by Lex Hoogduin, Executive Director, De Nederlandsche Bank

SESSION I: International financial integration: progress or retreat?

Chair: Lex Hoogduin (De Nederlandsche Bank)

9:40-10:30 Philipp Schnabl (New York University, Stern School of Business):
 'Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data'
Co-authors: Daniel Paravisinil (Columbia Business School); Veronica Rappaport (Columbia Business School); Daniel Wolfenzon (Columbia Business School)
Discussant: Steven Ongena (Tilburg University)

10:30-11:20 Tomasz Wieladek (Bank of England),
'Financial Protectionism: the First Tests'
Co-authors: Andrew Rose (Haas School of Business, University of California, Berkeley)
Discussant: Robert Kollmann (ECARES, Universite Libre de Bruxelles)

11:20-11:40 Coffee break

11:40-12:30 Martin Brown (University of St. Gallen),
'Which Households Use Banks? Evidence from the Transition Economies'
Co-authors: Thorsten Beck (Tilburg University)
Discussant: Stefanie Kleimeier (Maastricht University)

12:30-13:30 Lunch in Foyer, at 1st floor of DNB

SESSION II: International banks and the transmission of economic shocks

Chair: Harry Huizinga (Tilburg University)

13:30-14:20 Jose Luis Peydro Alcalde (European Central Bank),
'Shocks abroad, pain at home? Bank-firm level evidence on financial contagion during the 2007-2009 crisis'
Co-authors: Steven Ongena (Tilburg University); Neeltje van Horen (De Nederlandsche Bank)
Discussant: Hans Degryse (Tilburg University)

14:20-15:10 Günseli Tümer-Alkan (VU University),
'Transmission of Bank Liquidity Shocks in Loan and Deposit Markets: The Role of Interbank Borrowing and Market Monitoring'
Co-authors: Franklin Allen (Wharton Business School); Aneta Hrychiewicz (University of Frankfurt); Oskar Kowalewski (Warsaw School of Economics)
Discussant: Alberto Pozzolo (Università degli Studi del Molise)

15:10-15:30 Coffee break

15:30-16:20 Claudia Buch (University of Tuebingen),
'Do banks benefit from internationalization? Revisiting the market power-risk nexus'
Co-authors: Cathérine Koch (University of Zurich); Michael Koetter (University of Groningen)
Discussant: Rainer Haselmann (Bonn Graduate School of Economics)

16:30-17:30 KEYNOTE:
'Issues in International Banking', Linda Goldberg (Fed New York)

Friday, 27 May 2011

9:00-9:30 Registration with coffee/tea

SESSION III: Banks’ and regulatory policy interdependence

Chair: Jakob de Haan (De Nederlandsche Bank)

9:30-10:20 Hamid Boustanifar (Stockholm School of Economics),
'Endogenous Foreign Entry and Credit Allocation'
Discussant: Razvan Vlahu (De Nederlandsche Bank)

10:20-11:10 Paul Schure (University of Victoria),
'A Positive Analysis of Deposit Insurance Provision: Regulatory Competition Among European Union Countries'
Co-authors: Merwan Engineer (University of Victoria); Mark Gillis (University of Victoria)
Discussant: Itai Agur (De Nederlandsche Bank)

11:10-11:30 Coffee break

11:30-12:20 Camelia Minoiu (International Monetary Fund),
'A Network Analysis of Global Banking: 1978-2009'
Co-authors: Javier Reyes (Sam A. Walton College of Business, University of Arkansas)
Discussant: Patrick McGuire (Bank of International Settlements)

12:30-13:30 Lunch in Foyer, at 1st floor of DNB

SESSION IV: Bank internationalization: costs and benefits

Chair: Thorsten Beck (Tilburg University)

13:30-14:20 Ata Can Bertay (Tilburg University and World Bank),
'Is the financial safety net a barrier to bank internationalization?'
Co-authors: Asli Demirguc-Kunt (World Bank); Harry Huizinga (Tilburg University)
Discussant: Alex Popov (European Central Bank)

Francisco Vazquez (International Monetary Fund) ,
'International Diversification Gains and Home Bais in Banking'
Co-authors: Alicia García Herrero (BBVA)
Discussant: Eric van Wincoop (University of Virginia)

15:10-15:30 Coffee break

15:30-16:20 Mariassunta Giannetti (Stockholm School of Economics),
'The Flight Home Effect: Evidence from the Syndicated Loan Market During Financial Crises'
Co-authors: Luc Laeven (International Monetary Fund)
Discussant: Ralph de Haas (European Bank for Reconstruction and Development)

16:30-17:30 Farewell drinks at foyer DNB