# 2026 Conference ![logo](/sites/default/files/styles/large_825px_wide/public/2026-01/screenshot_2026-01-09_114335.png.webp?itok=ryMcBBe8) **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. **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](https://www.newyorkfed.org/research/conference/2025/nyu-nyfed-financial-intermediation), [2024](https://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/salomon-center/events/new-york-fednyu-stern-conference-financial-intermediation/2024-conference), [2023](https://www.newyorkfed.org/research/conference/2023/NYFed-NYU-Financial-Intermediation), [2021](https://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/salomon-center-for-the-study-of-financial-institutions/conferences-events/new-york-fed-nyu-stern-conference-on-financial/2021), [2019](https://www.newyorkfed.org/medialibrary/media/research/conference/2019/fi_conference_agenda_091819.pdf?la=en) FURTHER INFORMATION: Please address any questions to Grace Jeong **AGENDA** Conference AgendaTimeSession Details9:00am**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 Affairs10:20am**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 Research11:10am**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 School12:15pm**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 Business2:20pm**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 Business3:10pm**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 Business4:15pm**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