The CEPR First Annual Spring Symposium is a two-day event, taking place from Thursday 7 April to Friday 8 April 2016.
The keynote speech will be given by Pietro Veronesi of University of Chicago. The conference is organised by the Brevan Howard Centre for Financial Analysis at Imperial College Business School and the Centre for Economic Policy Research.
The full programme can be found here.
The videos of speakers can be found here.
| Time | Activity |
|---|---|
| 9:30-10:30 | Registration |
| LECTURE THEATRE UPPER GROUND | |
| 10:30-11:00 | Government Guarantees and the Two-way Feedback between Banking and Sovereign Debt Crises – Agnese Leonello |
| 11:00-11:30 | Wholesale Funding Runs – Christophe Pérignon Co-Authors: Guillaume Vuillemey and David Thesmar |
| 11:30-12:00 | Equity versus Bail-in Debt in Banking: An Agency Perspective – Javier Suarez Co-Authors: Caterina Mendicino, Kalin Nikolov |
| 12:00-12:30 | Banking Competition and Stability: The Role of Leverage – Kebin Ma Co-Author: Xavier Freixas |
| 12:30-13:45 | Lunch |
| 13:45-14:15 | CoCo Bond Issuance and Bank Funding Costs – Anastasia Kartasheva Co-Authors: Stefan Avdjiev, Patrick Bolton, Bilyana Bogdanova and Wei Jiang |
| 14:15-14:45 | Crowding out Disclosure: Amplification and Stress Test Design – Ansgar Walther Co-Author: Daniel Quigley |
| 14:45-15:15 | Some Borrowers are More Equal than Others: Bank Funding Shocks and Credit Reallocation – Olivier De Jonghe Co-Authors: Hans Dewachter, Klaas Mulier, Steven Ongena and Glenn Schepens |
| 15:15-15:35 | Tea/Coffee |
| 15:35-16:05 | Show Me Yours and I’ll Show You Mine: Sharing Borrower Information in a Competitive Credit Market – Ralph de Haas Co-Authors: Jaap Bos and Matteo Millone |
| 16:05-16:35 | Securitisation Bubbles: Structured Nuance with Disagreement About Default correlations – Tobias Broer |
| 16:35-17:05 | The Corporate Finance Benefits of Short Horizon Investors – Mariassunta Giannetti Co-Author: Xiaoyun Yu |
| Time | Activity |
|---|---|
| 9:30-10:30 | Registration |
| LECTURE THEATRE THREE | |
| 10:30-11:00 | The Source of Information in Prices and Investment-price Sensitivity – Alex Edmans Co-Author: Sudarshan Jayaraman, Jan Schneemeier |
| 11:00-11:30 | Multi-Asset Noisy Rational Expectations Equilibrium with Contingent Claims – Kostas Zachariadis Co-Authors: Georgy Chabakauri and Kathy Yuan |
| 11:30-12:00 | Chasing Private Information – Emiliano Pagnotta Co-Author: Marcin Kacperczyk |
| 12:00-12:30 | Fundamental Analysis Works – Sohnke Bartram Co-Author: Mark Grinblatt |
| 12:30-13:45 | Lunch |
| 13:45-14:15 | The Ex-Ante Rebalancing Premium – Pierre Hillion |
| 14:15-14:45 | Valuation Risk and Asset Pricing – Rui Albuquerque Co-Authors: Martin Eichenbaum, Victor Luo, and Sergio Rebelo |
| 14:45-15:15 | Data Abundance and Asset Price Informativeness – Thierry Foucault Co-Author: Jérôme Dugast |
| 15:15-15:35 | Tea/Coffee |
| 15:35-16:05 | Incentive Fees and Competition in Pension funds: Evidence from a Regulatory Experiment – Eugene Kandel Co-Authors: Assaf Hamdani, Yishay Yafeh, and Yevgeny Mugerman |
| 16:05-16:35 | A Tale of Two Types: Generalists vs. Specialists in Asset Management – Rafael Zambrana Co-Author: Fernando Zapatero |
| 16:35-17:05 | Portfolio Choice with Model Missspecification: A Foundation for Alpha and Beta Portfolios – Raman Uppal Co-Author: Paolo Zaffaroni |
| Time | Activity |
|---|---|
| 17.15-18.15 | Keynote Lecture Option Based Credit Spreads – Pietro Veronesi |
| 18.30-19.00 | Drinks Reception – Solar Room, 170 Queens Gate |
| Time | Activity |
|---|---|
| LECTURE THEATRE UPPER GROUND | |
| 9.00-9.30 | UK Monetary and Credit Policy around the Radcliffe Report – David Aikman Co-Authors: Oliver Bush and Alan M. Taylor |
| 9.30-10.00 | A Dynamic Model of Heterogeneous Banks with Uninsurable Risks and Capital Requirements – Spyros Pagratis Co-Authors: Jochen Mankart and Alexander Michaelides |
| 10.00-10.30 | Capital Requirements, Monetary Policy and the Fundamental Problem of Bank Risk Taking – David Miles Co-Author: Chuan Du |
| 10.30-10.50 | Tea/Coffee |
| 10.50-11.20 | Strategic Connections: A Cautionary Tale on Bank Opacity – Maryam Farboodi Co-Author: Ana Babus |
| 11.20-11.50 | US Banks’ Behaviour since Lehman’s Collapse, Bailout Uncertainty and the Choice of Exit Strategies – Alex Cukierman |
| 11.50-12.20 | Towards a Theory of Global Bank Risk Taking and Competition – Esta Faia |
| 12.20-13.30 | Lunch |
| 13.30-14.00 | Insecure Debt – Enrico Perotti Co-Author: Rafael Matta |
| 14.00-14.30 | Rumours and Runs in Opaque Markets: Evidence from the Panic of 1907 – Thomas Gehrig |
| 14.30-15.00 | A Theory of Endogenous Asset Fire Sales, Bank Runs and Contagion – Kebin Ma Co-Author: Zhao Li |
| 15.00-15.30 | A Dynamic Model of Optimal Creditor Dispersion – Hongda Zhong |
| 15.30 | Conference Concludes |
| Time | Activity |
|---|---|
| LECTURE THEATRE THREE | |
| 9:00-9:30 | Incompatible European Partners: Cultural Predispositions and Household Financial Behaviour – Michael Haliassos Co-Authors: Thomas Jansson, Sveriges Riksbank, and Yigitcan Karabulut |
| 9:30-10:00 | A Dynamic Equilibrium Model of EFTs – Semyon Malamud |
| 10:00-10:30 | Since you’re so Rich, you must be really smart: Talent and the Finance Wage Premium – Daniel Metzger Co-Authors: Michael Böhm and Per Johan Strömberg |
| 10:30-10:50 | Tea/Coffee |
| 10:50-11:20 | Has the Pricing of Stocks Become More Global? – Ivan Petzev Co-Authors: Alex Wagner, and Andreas Schrimpf |
| 11:20-11:50 | The Globalisation Risk Premium – Julien Sauvagnat Co-Authors: Erik Loualiche, Jean-Noel Barrot |
| 11:50-12:20 | Interest Rate Uncertainty, Hedging and Real Activity – Andrea Vedolin Co-Authors: Lorenzo Bretscher and Lukas Schmid |
| 12:20-13:30 | Lunch |
| 13:30-14:00 | An Anatomy of Industry Merger Waves – Daniele Bianchi Co-Author: Carlo Chiarella |
| 14:00-14:30 | Innovation Waves, Investor Sentiment and Mergers – Paolo Fulghieri Co-Author: David Dicks |
| 14:30-15:00 | Innovation, Social Connections and the Boundary of the Firm – Sudipto Dasgupta Co-Authors: Kuo Zhang and Chenqi Zhu |
| 15:00-15:30 | Multifaceted Transactions, Incentives and Organisational Form – Michel Habib |
| 15:30 | Conference Concludes |
Local Arrangements:
Jas Gill (j.gill@imperial.ac.uk)
Rebecca Moody (r.moody@imperial.ac.uk)