FDIC 20th Annual Bank Research Conference

Conference dates

02 Dec 2021 - 03 Dec 2021

Location

Virtual

Description

Conference Announcement
FDIC 20th Annual Bank Research Conference
Celebrating Two Decades of the Bank Research Conference

December 2-3, 2021, Virtual

Presented by FDIC’s Center for Financial Research and Journal of Financial Services Research

The 20th Annual Bank Research Conference, presented by the FDIC’s Center for Financial Research and the Journal of Financial Services Research (JFSR), will be held virtually on December 2-3, 2021, with a Fast Track Session held on December 1 and Poster Sessions to be posted on the Conference website: https://www.fdic.gov/analysis/cfr/conferences-and-symposia/brc-index.html

REGISTRATION: Registration is now open. See: https://web.cvent.com/event/8687ecef-f444-4e0b-8eea-5ebeec3594cb/regProcessStep1

PROGRAM COMMITTEE:
Mark Carey (Federal Reserve Bank of Cleveland)
Anna Chernobai (Syracuse U.)
Gerard Hoberg (U. of Southern California)
Elena Loutskina (U. of Virginia)
George Pennacchi (U. of Illinois, Urbana-Champaign)
Nagpurnanand Prabhala (Johns Hopkins U.)
Edward S. Prescott (Federal Reserve Bank of Cleveland)
Anjan Thakor (Washington U. in St. Louis)

ORGANIZING COMMITTEE:
Troy Kravitz (FDIC-CFR)
Jonathan Pogach (FDIC-CFR)
Haluk Unal (U. of Maryland, JFSR, FDIC-CFR)

PRELIMINARY AGENDA:

Wednesday, December 1, 2021

4:00-5:00 Fast Track Session

Thursday, December 2, 2021

9:15-9:30 Opening Remarks

Jelena McWilliams, Chairman of the Federal Deposit Insurance Corporation

9:30-11:00 Paper Session 1: Safety Nets, Transparency and Bank Behavior
Session Chair and Discussant: Anjan Thakor, Washington University in St. Louis
Optimal Bailouts and the Doom Loop with a Financial Network
Felix Corell, European University Institute
Agostino Capponi, Columbia University
Joseph Stiglitz, Columbia University

Disclosure Regulation in the Banking Industry: The Case of Exiting the SEC
Disclosure System
Aluna Wang, HEC Paris

Insurance Pricing, Distortions, and Moral Hazard: Quasi-Experimental Evidence
from Deposit Insurance
George Shoukry, Federal Deposit Insurance Corporation

11:00-11:10 – Transition –

11:10-12:40 Paper Session 2: Deposits
Session Chair and Discussant: Edward S. Prescott, Federal Reserve Bank of Cleveland
Dynamic Banking with Non-Maturing Deposits
Haotian Xiang, Peking University
Urban Jermann, University of Pennsylvania

The Leverage Effect of Market Discipline
David Pothier, University of Vienna
Philipp J. König, Deutsche Bundesbank
Christian Laux, WU Vienna

The Deposits Channel of Aggregate Fluctuations
Shohini Kundu, University of California, Los Angeles
Seongjin Park, University of Chicago
Nishant Vats, University of Chicago

12:40-1:05 – Break –

1:05-1:15 Retrospective on Twenty Years of the FDIC/JFSR Bank Research Conference
Troy Kravitz, Federal Deposit Insurance Corporation

1:15-2:15 Panel Discussion: 20 Years of Banking: Lessons Learned
Moderated by: Mark Flannery, University of Florida
Robert DeYoung, University of Kansas
Linda Goldberg, Federal Reserve Bank of New York
Philip Strahan, Boston College

2:15-2:25 – Transition –

2:25-3:25 Paper Session 3: Understanding the Industry and Organizational Impacts of
FinTech
Session Chair and Discussant: Nagpurnanand Prabhala, Johns Hopkins University

Surviving the FinTech Disruption
Yuehua Tang, University of Florida
Wei Jiang, Columbia University
Rachel Xiao, Georgia State University
Vincent Yao, Georgia State University

The Rise of Finance Companies and FinTech Lenders in Small Business Lending
Manasa Gopal, Georgia Institute of Technology
Philip Schnabl, New York University

3:25-3:35 – Transition –

3:35-4:35 Paper Session 4: Covid-19 and Financial Contagion Channels
Session Chair and Discussant: Gerard Hoberg, University of Southern California
Adverse Selection Dynamics in Privately-Produced Safe Debt Markets
Nathan Foley-Fisher, Federal Reserve Board of Governors
Gary Gorton, Yale University
Stephane Verani, Federal Reserve Board of Governors

Unused Bank Capital Buffers and Credit Supply Shocks at SMEs during the
Pandemic
Jose Berrospide, Federal Reserve Board of Governors
Arun Gupta, Federal Reserve Board of Governors
Matthew P. Seay, Federal Reserve Board of Governors

4:45-5:30 Virtual Reception

Friday, December 3, 2021

9:00-10:30 Paper Session 5: Effects of Banking Competition on Borrowers
Session Chair and Discussant: Elena Loutskina, University of Virginia
Competition and Selection in Credit Markets
Anthony Lee Zhang, University of Chicago
Constantine Yannelis, University of Chicago

Ownership Concentration and Performance of Deteriorating Syndicated Loans
Ralf Meisenzahl, Federal Reserve Bank of Chicago
Mariassunta Giannetti, Stockholm School of Economics

Bank Loan Markups and Adverse Selection
Gregory Weitzner, McGill University
Mehdi Beyhaghi, Federal Reserve Bank of Richmond
Cesare Fracassi, University of Texas

10:30-10:40 – Transition –

10:40-12:10 Paper Session 6: Bank Risk and Regulation
Session Chair and Discussant: George Pennacchi, University of Illinois, UrbanaChampaign
A Q-Theory of Banks
Saki Bigio, University of California, Los Angeles
Juliane Begenau, Stanford University
Jeremy Majerovitz, Massachusetts Institute of Technology
Matias Vieyra, Bank of Canada

Population Aging and Bank Risk-Taking
Sebastian Doerr, Bank for International Settlements
Gazi Kabas, University of Zurich and Swiss Finance Institute
Steven Ongena, University of Zurich and Swiss Finance Institute

Capital Allocation, the Leverage Ratio Requirement and Banks' Risk-Taking
Quynh-Anh Vo, Bank of England
Ioana Neamtu, Bank of England

12:10-12:45 – Break –

12:45-1:45 Panel Discussion: 20 Years of Banking: Going Forward
Moderated by: Christine Parlour, University of California, Berkeley
Zhiguo He, University of Chicago
Gregor Matvos, Northwestern University
Manju Puri, Duke University

1:45-1:55 – Transition –

1:55-3:25 Paper Session 7: Systemic Risk and Bank Regulation
Session Chair and Discussant: Anna Chernobai, Syracuse University
Bank Runs, Bank Competition and Opacity
David Martinez-Miera, Universidad Carlos III
Toni Ahnert, European Central Bank

Limits of Stress-Test Based Bank Regulation
Tirupam Goel, Bank for International Settlements
Isha Agarwal, University of British Columbia

Measuring Systematic Tail Risk Exposure of Banks
Ding Du, Office of the Comptroller of the Currency
Feng Li, Office of the Comptroller of the Currency

3:25-3:35 —Transition—

3:35-4:35 Paper Session 8: Pricing Climate Risk
Session Chair and Discussant: Mark Carey, Federal Reserve Bank of Cleveland
Climate Reputation and Bank Loan Contracting
Deniz Anginer, Simon Fraser University
Karel Hrazdil, Simon Fraser University
Jiyuan Li, Simon Fraser University
Ray Zhang, Simon Fraser University

The Rising Tide Lifts Some Interest Rates: Climate Change, Natural Disasters, and
Loan Pricing
Ai He, University South Carolina
Ricardo Correa, Federal Reserve Board of Governors
Christoph Herpfer, Emory University
Ugur Lel, University of Georgia

4:45-5:30 Virtual Reception

Fast Track Session: Wednesday, December 1, 2021

4:00-5:00 Banks and Firms: Evidence from a Legal Reform Altering Contract Design
Nikolaos Karagiannis, Alliance Manchester Business School and KU Leuven
Hans Degryse, KU Leuven
Olivier De Jonghe, National Bank of Belgium and Tilberg University

Unconventional Monetary Policy and the Search for Yield
Alexandros Kontonikas, University of Essex
John Kandrac, Federal Reserve Board of Governors
Sotirios Kokas, University of Essex

The Decline of Too Big to Fail
Antje Berndt, Australian National University
Darrell Duffie, Stanford University
Yichao Zhu, Australian National University

Green Capital Requirements
Martin Oehmke, London School of Economics
Marcus Opp, Stockholm School of Economics

Owe a Bank Millions, the Bank Has a Problem: Credit Concentration in Bad Times
Ricardo Correa, Federal Reserve Board of Governors
Sumit Agarwal, National University of Singapore
Bernardo Morais, Federal Reserve Board of Governors
Jessica Roldán, Casa de Bolsa Finamex
Claudia Ruiz-Ortega, World Bank

Deposit Insurance, Bank Ownership and Depositor Behavior
Koen Schoors, Ghent University
Sümeyra Atmaca, Ghent University
Karolin Kirschenmann, ZEW – Leibniz Centre for European Economic Research
Steven Ongena, University of Zurich

Online Poster Session: Available on the Bank Research Conference Website
Bank Specialization and the Design of Loan Contracts
Marco Giometti, University of Pennsylvania
Stefano Pietrosanti, University of Pennsylvania

Off-Balance-Sheet Activities and Scope Economies in U.S. Banking
Jingfang Zhang, University of Auburn
Emir Malikov, University of Nevada – Las Vegas

Bank Concentration and Monetary Policy Pass-Through
Isabel Hanisch, University of Notre Dame

Creditor Control of Environmental Activity
Jason (Pang-Li) Chen, Drexel University

Watch What They Do, Not What They Say: Estimating Regulatory Costs from
Revealed Preferences
Adrien Alvero, Columbia University
Sakai Ando, International Monetary Fund
Kairong Xiao, Columbia University

Does Banking Competition Really Increase Credit for All? The Effect of Bank
Branching Deregulation on Small Business Credit
John Lynch, Ohio State University