The CEPR Second Annual Spring Symposium is a two-day event, taking place from Monday 24 April to Tuesday 25 April 2017.
The conference is organised by the Brevan Howard Centre for Financial Analysis at Imperial College Business School and the Centre for Economic Policy Research.
| Time | Activity |
|---|---|
| 9:00-10:00 | Registration |
| LECTURE THEATRE LOWER GROUND S | |
| 10:00-10:30 | Sharing the Pain? Credit Supply, Lending Relationship Dynamics and the Real Effects of Bank Bail-ins Authors: Thorsten Beck (Cass Business School), Samuel Da-Rocha-Lopes (European Banking Authority, Nova SBE and Banco de Portugal), and Andre Silva (Cass Business School) |
| 10:30-11:00 | The Real Effects of Financial Networks Authors: Christian Bittnery (Deutsche Bundesbank) Falko Fechtz (Frankfurt School of Management and Finance) and Co-Pierre Georg (University of Cape Town and Deutsche Bundesbank) |
| 11:00-11:30 | Identifying Contagion in a Banking Network Authors: Alan Morrison (University of Oxford), Michalis Vasios (Bank of England), Mungo Wilson (University of Oxford), and Filip Zikes (Federal Reserve Board) |
| 11:30-12:00 | Shock Propagation and Banking Structure Authors: Mariassunta Giannetti (Stockholm School of Economics) and Farzad Saidi (Stockholm School of Economics) |
| 12:00-13:15 | Lunch |
| 13:15-13:45 | What is the Expected Return on a Stock? Presentation slides Authors: Ian Martin (London School of Economics) and Christian Wagner (Copenhagen Business School) |
| 13:45-14:15 | The term-structure of systematic risk Presentation slides Author: Nuno Clara (London Business School) |
| 14:15-14:45 | The Lost Capital Asset Pricing Model Presentation slides Authors: Daniel Andrei (UCLA), Julien Cujean (University of Maryland), Mungo Wilson (University of Oxford) |
| 14:45-15:15 | Incentive Constrained Risk Sharing, Segmentation, and Asset Pricing Authors: Bruno Biais (Toulouse School of Economics and Imperial College), Johan Hombert (HEC Paris), and Pierre-Olivier Weill (UCLA) |
| 15:15-15:35 | Tea/Coffee |
| 15:35-16:05 | Transitory versus permanent shocks: Explaining corporate savings and investment Authors: Sebastian Gryglewicz (Erasmus University), Loriano Mancini (Ecole Polytechnique, Lausanne and Swiss Finance Institute ), Erwan Morellec ((Ecole Polytechnique, Lausanne and Swiss Finance Institute), Enrique Schroth (Cass Business School ), and Philip Valta (University of Bern, University of Geneva, and Swiss Finance Institute ) |
| 16:05-16:35 | Governing Multiple Firms Authors: Alex Edmans (London Business School), Doron Levit (Wharton) and Devin Reilly (University of Pennsylvania) |
| 16:35-17:05 | Habits and Leverage Authors: Tano Santos (Columbia University) and Pietro Veronesi (University of Chicago) |
| Time | Activity |
|---|---|
| 9:00-10.00 | Registration |
| LECTURE THEATRE LOWER GROUND ROUND (LGR) | |
| 10:00-10:30 | Market maker pricing in anticipation of prospective order flow Author: Ailsa Roell (Columbia University) |
| 10:30-11:00 | Heterogeneity and Persistence in Returns to Wealth Authors: Andreas Fagereng (Statistics Norway), Luigi Guiso (EIEF), Davide Malacrino (Stanford University), and Luigi Pistaferri (Stanford University) |
| 11:00-11:30 | Do Individual Behavioral Biases Affect Financial Markets and the Macroeconomy? Authors: Harjoat Bhamra (Imperial College) and Raman Uppal (Edhec Business School) |
| 11:30-12:00 | Institutional Investors and Information Acquisition: Implications for Asset Prices and Informational Efficiency Authors: Matthijs Breugem (Frankfurt School of Finance & Management gemeinnützige GmbH), Adrian Buss (INSEAD) |
| 12:00-13:15 | Lunch |
| 13:15-13:45 | Financial Literacy Externalities Authors: Michael Haliassos (Goethe University Frankfurt), Thomas Jansson (Sveriges Riksbank), and Yigitcan Karabulut (Rotterdam School of Management). |
| 13:45-14:15 | Politicizing Consumer Credit Authors: Pat Akey (University of Toronto), Rawley Z. Heimer (Cleveland Fed), and Stefan Lewellen (London Business School) |
| 14:15-14:45 | Import Competition and Household Debt Authors: Jean-Noel Barrot (MIT), Erik Loualiche (MIT), Matthew Plosser (Federal Reserve Bank of New York), and Julien Sauvagnat (Bocconi University) |
| 14:45-15:15 | dentifying the Benefits from Home Ownership: A Swedish Experiment Authors: Paolo Sodini (Stockholm School of Economics), Stijn Van Nieuwerburgh (New York University), Roine Vestman (Stockholm University), and Ulf von Lilienfeld-Toal (University of Luxembourg). |
| 15:15-15:35 | Tea/Coffee |
| 15:35-16:05 | Central Bank Communication and the Yield Curve Authors: Matteo Leombroni (Stanford University), Andrea Vedolin (London School of Economics), Gyuri Venter (Copenhagen Business School) and Paul Whelan (Copenhagen Business School) |
| 16:05-16:35 | Life Below Zero: Bank Lending Under Negative Policy Rates Presentation slides Authors: Florian Heider (European Central Bank), Farzad Saidi (Stockholm School of Economics), and Glenn Schepens (European Central Bank) |
| 16:35-17:05 | Bank Lending and the European Sovereign Debt Crisis Presentation slides Author: Filippo De Marco (Bocconi University) |
| Time | Activity |
|---|---|
| 17:15-19:15 | PhD Poster Session and Drinks Reception |
| Time | Activity |
|---|---|
| LECTURE THEATRE LOWER GROUND ROUND (LGR) | |
| 9:00-9:30 | Distorted Advice in the Mortgage Market: Theory and Structural Estimation Authors: Luigi Guiso (EIEF), Andrea Pozzi (EIEF), Anton Tsoy (EIEF), Leonardo Gambacorta (BIS), and Paolo Mistrulli (Bank of Italy) |
| 9:30-10:00 | Macroeconomics of Bank Capital and Liquidity Regulations Authors: Frederic Boissay (BIS) and Fabrice Collard (University of Bern) |
| 10:00-10:30 | Labour Unemployment Risk and CEO Incentive Compensation Authors: Andrew Ellul (Indiana University), Cong Wang (CEIBS), and Kuo Zhang (Xiamen University) |
| 10:30-11:00 | Careers in Finance Authors: Marco Pagano (University of Naples Federico II ), Andrew Ellul (Indiana University), and Annalisa Scognamiglio (University of Naples Federico II). |
| 11:00-11:20 | Tea/Coffee |
| 11:20-11:50 | Relative Performance, Banker Compensation, and Systemic Risk Authors: Rui Albuquerque (Boston College), Luıs Cabral (New York University) and Jose Correia Guedes (Catolica Lisbon School of Business and Economics) |
| 11:50-12:20 | Contracting with Feedback Authors: Tse-Chun Lin (University of Hong Kong), Qi Liu (Peking University) and Bo Sun (Federal Reserve Board) |
| 12:20-13:30 | Lunch & Conference concludes |
| Time | Activity |
|---|---|
| LECTURE THEATRE LOWER GROUND S (LGS) | |
| 9:00-9:30 | Differences in Expectations and the Cross-Section of Stock Returns Authors: Panayiotis C. Andreou (Cyprus University of Technology), Anastasios Kagkadis (Lancaster University), Dennis Philip (Durham University),and Ruslan Tuneshev (Durham University) |
| 9:30-10:00 | Show Us Your Shorts! Bige Kahraman (University of Oxford) and Salil Pachare (U.S. Securities and Exchange Commission) |
| 10:00-10:30 | Access to Collateral and The Democratization of Credit: France’s Reform of The Napoleonic Security Code Authors: Kevin Aretz (Manchester Business School), Murillo Campello (Cornell University) and Maria-Teresa Marchica (Manchester Business School) |
| 10:30-11:00 | Creditor Control Rights and Resource Allocation within Firms Authors: Nuri Ersahin (University of Illinois at Urbana-Champaign), Rustom M. Irani (University of Illinois at Urbana-Champaign), and Hanh Le (University of Illinois at Chicago) |
| 11:00-11:20 | Tea/Coffee |
| 11:20-11:50 | Loan Sales and Bank Liquidity Management: Evidence from a US Credit Register Authors: Rustom Irani (University of Illinois at Urbana-Champaign) and Ralf Meisenzahl (Board of Governors, FRS) |
| 11:50-12:20 | Are Lemons Sold First? Dynamic Signaling in the Mortgage Market Authors: Manuel Adelino (Duke University), Kristopher Gerardi (Federal Reserve Bank of Atlanta) and Barney Hartman-Glaser (UCLA) |
| 12:20-13:30 | Lunch & Conference concludes |
Local Arrangements:
Jas Gill (j.gill@imperial.ac.uk)
Rebecca Moody (r.moody@imperial.ac.uk)