The Twelfth NYU Stern/New York Fed Conference on Financial Intermediation

May 5, 2017
The Federal Reserve Bank of New York

A conference jointly sponsored by
the Federal Reserve Bank of New York
and the Salomon Center of New York University Leonard N. Stern School of Business

Organized by Nicola Cetorelli and Anna Kovner (New York Fed) and
Alexander Ljungqvist and Philipp Schnabl (NYU)


PROGRAM

 
8:15 Registration and continental breakfast
9:00-12:00 MORNING SESSION
CHAIR: ANNA KOVNER, Federal Reserve Bank of New York
9:00 Welcoming Remarks
BEVERLY HIRTLE, Executive Vice President and Director of Research and Statistics, Federal Reserve Bank of New York
9:10 DONG BEOM CHOI, Federal Reserve Bank of New York
JOÃO A.C. SANTOS, Federal Reserve Bank of New York
TANJU YORULMAZER, University of Amsterdam
A Theory of Collateral for the Lender of Last Resort

DISCUSSANT: DOUGLAS GALE, New York University
10:00 VIKTORIA BAKLANOVA, Office of Financial Research
CECILIA CAGLIO, Federal Reserve Board of Governors
MARCO CIPRIANI, Federal Reserve Bank of New York
ADAM COPELAND, Federal Reserve Bank of New York
The Use of Collateral in Bilateral Repurchase and Securities Lending Agreements
 
DISCUSSANT: ANA FOSTEL, University of Virginia
10:50 Refreshment Break
11:10 MARCO DI MAGGIO, Harvard Business School
FRANCESCO FRANZONI, USI Lugano
AMIR KERMANI, University of California - Berkeley
CARLO SOMMAVILLA, USI Lugano
The Relevance of Broker Networks for Information Diffusion in the Stock Market

DISCUSSANT: LAURA VELDKAMP, NYU Stern
12:00 LUNCH AND PANEL DISCUSSION
12:00-1:45 PANEL DISCUSSION: Post-crisis Evaluation of Banking Sector Reforms
MODERATOR: TBD

PANELISTS:
GREG BAER, The Clearing House
NELLIE LIANG, The Brookings Institution
ANDREW METRICK, Yale University
MARCUS STANLEY, Americans for Financial Reforms
2:00-5:30 AFTERNOON SESSION
CHAIR: NICOLA CETORELLI, Federal Reserve Bank of New York
2:00 JULIAN FRANKS, London Business School
NICOLA SERRANO-VELAVERDE, Bocconi University
OREN SUSSMAN, Saïd Business School, University of Oxford
Marketplace Lending, Information Aggregation, and Liquidity

DISCUSSANT: ANDREW HERTZBERG, Columbia University
2:50 Refreshment Break
3:10
ANDRES LIBERMAN, New York University
DANIEL PARAVISINI, London School of Economics
VIKRAM PATHANIA, University of Sussex
High-Cost Debt and Borrower Reputation: Evidence from the U.K.

DISCUSSANT: DONALD MORGAN, Federal Reserve Bank of New York
4:00 FABIO BERTON, University of Torino
SAURO MOCETTI, Banca d’Italia
ANDREA F. PRESBITERO, International Monetary Fund
MATTEO RICHIARDI, University of Oxford
Banks, Firms, and Jobs

DISCUSSANT: HOLGER MUELLER, NYU Stern
5:00 Drinks Reception


REGISTRATION DETAILS

Attendance is free of charge but places are strictly limited and so registration is required.
To register, please send an email to salomon@stern.nyu.edu before April 28, 2017