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