The Nineteenth New York Fed / NYU Stern Conference on Financial Intermediation
Conference
May 8, 2026, New York (in-person event held at NYU Stern)
A conference jointly sponsored by the Federal Reserve Bank of New York and the Salomon Center of New York University's Leonard N. Stern School of Business.
REGISTER: Click here to sign-up.
CONFERENCE LOCATION:
NYU Stern School of Business
44 W 4th Street
New York, NY 10012
CONFERENCE ORGANIZERS:
Stephan Luck, Federal Reserve Bank of New York
Or Shachar, Federal Reserve Bank of New York
Philipp Schnabl, New York University
Olivier Wang, New York University
LINKS TO RECENT CONFERENCE AGENDAS : 2025, 2024, 2023, 2021, 2019
FURTHER INFORMATION: Please address any questions to Grace Jeong dhj238@stern.nyu.edu
AGENDA
| Time | Session Details |
|---|---|
| 9:00am | Registration and Continental Breakfast |
| 9:30am | Market-Priced Savings, Bank Deposit Market Power, and Monetary Policy Transmission Christoph Basten, European Central Bank Dominic Cucic, Danmarks National Bank Glenn Schepens, European Central Bank Discussant: Fernando Cirelli, Columbia University School of International and Public Affairs |
| 10:20am | QE-QT, Bank Liquidity Risk Management, and Non-Bank Funding: Evidence from Administrative Data Matthew Darst, Federal Reserve Board Sotirios Kokas, University of Essex Alexandros Kontonikas, University of Essex Jose-Luis Peydro, LUISS & EIEF Alexandros Vardoulakis, Federal Reserve Board Discussant: Antoine Hubert-De-Fraisse, National Bureau of Economic Research |
| 11:10am | Coffee Break |
| 11:25am | Indirect Credit Supply: How Bank Lending to Private Credit Shapes Monetary Policy Transmission Sharjil Haque, Federal Reserve Board Young Soo Jang, Pennsylvania State University, Smeal College of Business Jessie Jiaxu Wang, Federal Reserve Board Discussant: Victor Orestes, University of Pennsylvania, The Wharton School |
| 12:15pm | Lunch |
| 1:30pm | How do Government Guarantees Affect Deposit Supply? Thomas Flanagan, Ohio State University, Fisher College of Business Edward Kim, University of Michigan, Ross School of Business Shohini Kundu, University of California, Los Angeles, Anderson School of Management Amiyatosh Purnanandam, University of Texas at Austin, McCombs School of Business Discussant: Sergey Sarkisyan, Ohio State University, Fisher College of Business |
| 2:20pm | Stabilization vs. Growth Miguel Faria-e-Castro, Federal Reserve Bank of St. Louis Pascal Paul, Federal Reserve Bank of San Francisco Juan Sanchez, Federal Reserve Bank of St. Louis Discussant: Fabrice Tourre, Baruch College, Zicklin School of Business |
| 3:10pm | Refreshment Break |
| 3:25pm | Deposit Competition Beyond Rates Matteo Benetton, University of California, Berkeley, Haas School of Business Ben Hebert, Stanford University, Graduate School of Business Tim McQuade, University of California, Berkeley, Haas School of Business Discussant: Francesco Beraldi, Duke University, Fuqua School of Business |
| 4:15pm | Adjourn |
PROGRAM COMMITTEE:
Matthew Baron, Cornell University
Matteo Benetton, University of California, Berkeley
Tobias Berg, Goethe University
Asaf Bernstein, University of Colorado at Boulder
Olivier Darmouni, Columbia University
Anthony DeFusco, University of Wisconsin-Madison
William Diamond, University of Wisconsin-Madison
Jason Donaldson, University of Southern California
Isil Erel, The Ohio State University
Maryam Farboodi, Massachusetts Institute of Technology
Andreas Fuster, École Polytechnique Fédérale de Lausanne
Victoria Ivashina, Harvard Business School
Elisabeth Kempf, Harvard Business School
Wenhao Li, University of Southern California
Lu Liu, The Wharton School
Yiming Ma, Columbia University
Frederic Malherbe, University College London
Erik Mayer, University of Wisconsin-Madison
Simon Mayer, Carnegie Mellon University
Lira Mota, Massachusetts Institute of Technology
Chris Palmer, Massachusetts Institute of Technology
José-Luis Peydró, Imperial College London
Adriano Rampini, Duke University
Ishita Sen, Harvard Business School
Phil Strahan, Boston College
Margarita Tsoutsoura, Washington University in St. Louis
Emil Verner, Massachusetts Institute of Technology
James Vickery, Federal Reserve Bank of Philadelphia
Kairong Xiao, Columbia University
Chenzi Xu, University of California, Berkeley