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20-21 June 2017: DNB/Riksbank Macroprudential Conference

Programme

TUESDAY, 20 June 2017 - AUDITORIUM at DNB

Welcoming remarks by Klaas Knot (De Nederlandsche Bank)
Keynote speech by Stanley Fischer (Federal Reserve System)

SESSION I

Chair: Lucrezia Reichlin (London Business School)

Optimal Monetary Policy in a Collateralized Economy
Gary Gorton (Yale School of Management) and Ping He (Tsinghua University)

Discussant 1: Douglas W. Diamond (University of Chicago)
Discussant 2: Randy Kroszner (University of Chicago)

SESSION II

Chair: Luc Laeven (European Central Bank)

Case Study on the Spanish Banking Crises
Tano Santos (Colombia University)

Discussant 1: Claudia M. Buch (Deutsche Bundesbank)
Discussant 2: José Manuel Campa (Banco Santander)

SESSION III

Chair: Stephen Cecchetti (Brandeis International Business School)

Bad Zero: Financial Stability in a Low Interest Rate Environment
Elena Carletti (Bocconi University) and Giuseppe Ferrero (Bank of Italy)

Discussant 1: Eric S. Rosengren (Federal Reserve Bank of Boston)
Discussant 2: Mark Gertler (New York University)

Panel discussion on The Future of Financial Regulation

Chair: Femke de Vries (Netherlands Authority for the Financial Markets)

Participant 1: Patrick Bolton (Columbia Business School)
Participant 2: Jon Cunliffe (Bank of England)
Participant 3: Thomas M. Hoenig (Federal Deposit Insurance Corporation)

 

WEDNESDAY, 21 June 2017 - AUDITORIUM at DNB

SESSION IV

Chair: Paul Hilbers (De Nederlandsche Bank)

Bank Resolution
Jean-Edouard Colliard (HEC Paris) and Dennis Gromb (Hec Paris)

Discussant 1: Thomas Philippon (New York University)
Discussant 2: Andrew Gracie (Bank of England)

SESSION V

Chair: Barbara Baarsma (Rabobank)

The Fragility of Market Risk Insurance
Ralph Koijen (New York University) and Motohiro Yogo (Princeton University)

Discussant 1: Arvind Krishnamurthy (Stanford University)
Discussant 2: Emanuel Mönch (Deutsche Bundesbank)


SESSION VI

Chair: Stefan Ingves (Sveriges Riksbank)

Causes of Italian Banks’ NPLs
Luigi Zingales (University of Chicago), Paolo Angelini and Marcello Bofondi (Bank of Italy)

Discussant 1: Mariassunta Giannetti (Stockholm School of Economics)
Discussant 2: Giovanni Dell’ Ariccia (International Monetary Fund)

Closing Remarks by Darrell Duffie (Stanford University)