Program
Open Conference Program, Friday August 28
08:30 Coffee and welcome.
09:00â€12:00
Presentation: Douglas Diamond, University of Chicago “Causes of and Lessons from the 2007â€2009 Financial Crisisâ€.
Presentation: Chester Spatt, Carnegie Mellon University, “Economic Principles, Government Policy and the Market Crisisâ€.
Coffee.
Presentation: Hyun Song Shin, Princeton University, ʺFinancial Intermediation and the Postâ€Crisis Financial Systemʺ.
12:00â€13:00 Lunch.
13:00â€14:30
Presentation: Raghuram Rajan, University of Chicago, “Recreating the Financial Systemâ€.
Presentation: Luis Garicano, London School of Economics, “Towards a New Architechture for Financial Stabilityâ€.
14:30â€15.00 Coffee.
15:00â€16:15 Panel: The future of financial regulation
Participants:
Martin Andersson (Director General, Swedish Financial Supervisory Authority)
John Berrigan (Director, Macrofinancial Stability, European Commission)
Björn Savén (Chairman, IK Investment Partners)
16:15 Concluding remarks.
Academic Conference Program, Saturday August 29
(The presenting author is marked with an asterisk)
08:30 Coffee.
09:00â€09:45 “Fear of fire sales and the credit freezeâ€.
Presenter: Douglas Diamond (University of Chicago)
Discussant: Denis Gromb (INSEAD)
09:45â€10:30 “Regulatory pressure and fire sales in the corporate bond marketâ€.
Presenter:Andrew Ellul (Indiana University)
Discussant: Morten Sørensen (Columbia University)
10:30â€11:00 Coffee.
11:00â€11:45 “Illiquidity component of credit riskâ€.
Presenter: Hyun Shin* (Princeton University)
Discussant: Pete Kyle (University of Maryland)
11:45â€12:30 ʺSecuritized Banking and the run on repoʺ.
Presenter: Gary Gorton (Yale University)
Discussant: Chester Spatt (Carnegie Mellon University)
12:30â€13:30 Lunch.
13:30â€14:15 “Securitization without risk transferâ€.
Presenter: Philip Schnabl (New York University)
Discussant: Amit Seru (University of Chicago)
14:15â€14:30 Coffee
14:30â€15:15 “Is making deferred (bonus) pay mandatory a good idea for banking?â€.
Presenter: Roman Inderst(University of Frankfurt)
Discussant: Samuel Lee (New York University)
15:15â€16:00 “Yesterday’s Heroes: Compensation and creative riskâ€takingâ€.
Presenter: Harrison Hong (Princeton University)
Discussant: Augustin Landier, Toulouse School of Economics