The Federal Reserve Bank of Philadelphia will be sponsoring the seventh annual "Day-Ahead" conference on financial markets and institutions in Philadelphia on Thursday, January 2, 2014.

Sponsors
Research Department, Federal Reserve Bank of Philadelphia

Conference Organizers

  • Roc Armenter, Federal Reserve Bank of Philadelphia
  • Mitchell Berlin, Federal Reserve Bank of Philadelphia
  • Scott Frame, University of North Carolina, Charlotte and Federal Reserve Bank of Atlanta
  • Diana Hancock, Federal Reserve Board of Governors
  • Loretta J. Mester, formerly of Federal Reserve Bank of Philadelphia
  • Wayne Passmore, Federal Reserve Board of Governors

Agenda - Download

Welcoming Remarks
Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia

Banking Incentives
Chair: Loretta J. Mester, Federal Reserve Bank of Philadelphia

"Collateralization, Bank Loan Rates, and Monitoring: Evidence from a Natural Experiment"

  • Geraldo Cerqueiro, Católica–Lisbon School of Business and Economics
  • Steven Ongena, CentER — Tilburg University and CEPR 
  • Kasper Roszbach, Sveriges Riksbank and University of Groningen

  • Discussant: Rodney Ramcharan, Board of Governors of the Federal Reserve System

"Banker Compensation and Bank Risk Taking: The Organizational Economics View"

  • Arantxa Jarque, Federal Reserve Bank of Richmond
  • Edward Simpson Prescott, Federal Reserve Bank of Richmond

  • Discussant: Tanju Yorulmazer, Federal Reserve Bank of New York

Financial (In)stability
Chair: Diana Hancock, Board of Governors of the Federal Reserve System

"Intermediary Leverage Cycles and Financial Stability"

  • Tobias Adrian, Federal Reserve Bank of New York
  • Nina Boyarchenko, Federal Reserve Bank of New York

  • Discussant: Paul Glasserman, Columbia University

"Spillovers from Systemic Bank Defaults"

  • Mark Mink, De Nederlandsche Bank
  • Jakob de Haan, De Nederlandsche Bank and University of Groningen and CESifo

  • Discussant: Gary B. Gorton, Yale University and NBER 

Funding Shocks and Intermediation
Chair: W. Scott Frame, University of North Carolina at Charlotte, Federal Reserve Bank of Atlanta, and Federal Reserve Bank of Richmond

"Repos, Fire Sales, and Bankruptcy Policy"

  • Gaetano Antinolfi, Washington University in St. Louis and Board of Governors of the Federal Reserve System
  • Francesca Carapella, Board of Governors of the Federal Reserve System
  • Charles Kahn, University of Illinois at Urbana-Champaign
  • Antoine Martin, Federal Reserve Bank of New York
  • David Mills, Board of Governors of the Federal Reserve System
  • Ed Nosal, Federal Reserve Bank of Chicago

  • Discussant: Andrew Metrick, Yale University

Nonconventional Monetary Policy
Chair: Wayne Passmore, Board of Governors of the Federal Reserve System

"Duration Risk Versus Local Supply Channel in Treasury Yields: Evidence from the Federal Reserve’s Asset Purchase Announcements"

  • Michael E. Cahill, Board of Governors of the Federal Reserve System
  • Stefania D’Amico, Federal Reserve Bank of Chicago
  • Canlin Li, Board of Governors of the Federal Reserve System
  • John S. Sears, Board of Governors of the Federal Reserve System

  • Discussant: Jens Christensen, Federal Reserve Bank of San Francisco

"Monetary Policy Expectations at the Zero Lower Bound"

  • Michael D. Bauer, Federal Reserve Bank of San Francisco
  • Glenn D. Rudebusch, Federal Reserve Bank of San Francisco

  • Discussant: Marcel Priebsch, Board of Governors of the Federal Reserve System