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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SI 2016 Risks of Financial Institutions

Mark Carey and René M. Stulz, Organizers

July 12-13, 2016

Royal Sonesta Hotel

Charles Suites
40 Edwin H. Land Boulevard
Cambridge, Massachusetts

PROGRAM

Tuesday, July 12
		JOINT SESSION WITH CORPORATE FINANCE
12:00 n	Lunch
1:00 pm	Atif R. Mian, Princeton University and NBER Amir Sufi, University of Chicago and NBER Emil Verner, Princeton University Household Debt and Business Cycles Worldwide Discussant: Òscar Jordà, Federal Reserve Bank of San Francisco
1:50 pm	Arvind Krishnamurthy, Stanford University and NBER Tyler Muir, Yale University and NBER How Credit Cycles across a Financial Crisis Discussant: Jeremy C. Stein, Harvard University and NBER
2:40 pm	Break
3:10 pm	René M. Stulz, Ohio State University and NBER Rüdiger Fahlenbrach, Ecole Polytechnique Fédérale de Lausanne  Robert Prilmeier, Tulane University Why Does Fast Loan Growth Predict Poor Performance For Banks? Discussant: Andrei Shleifer, Harvard University and NBER
4:00 pm	Adriano A. Rampini, Duke University and NBER Financing Durable Assets Discussant: Ulf Axelson, London School of Economics
4:50 pm	Adjourn
Wednesday, July 13
8:00 am		Coffee and Pastries
8:30 am		Anton Korinek, Johns Hopkins University and NBER Martin Nowak, Harvard University Risk-Taking Dynamics and Financial Stability Discussant: Anjan Thakor, Washington University in St. Louis
9:20 am		Beverly Hirtle, Federal Reserve Bank of New York Anna Kovner, Federal Reserve Bank of New York Matthew Plosser, Federal Reserve Bank of New York The Impact of Supervision on Bank Performance Discussant: Mark Levonian, Promontory Financial
10:10 am		Break
10:35 am		Mark L. Egan, University of Minnesota Gregor Matvos, University of Chicago and NBER Amit Seru, University of Chicago and NBER The Market for Financial Adviser Misconduct Discussant: Mark Flannery, Securities and Exchange Commission
		Fast Session:
11:25 am		Mario Bellia, Goethe University Frankfurt Mark Flannery, Securities and Exchange Commission Giulio Girardi, Securities and Exchange Commission Loriana Pelizzon, Goethe University Frankfurt Narahari Phatak, Securities and Exchange Commission
		The Determinants of Central Clearing for Single-Name CDS Contracts
		Sergey Chernenko, Ohio State University Adi Sunderam, Harvard University and NBER Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds
		Enrico Sette, Bank of Italy Valentina Michelangeli, Bank of Italy How Does Bank Capital Affect the Supply of Mortgages? Evidence from a Randomized Experiment
12:15 pm		Lunch
1:15 pm		Douglas W. Diamond, University of Chicago and NBER Anil Kashyap, University of Chicago and NBER Liquidity Requirements, Liquidity Choice and Financial Stability Discussant: Steve Cecchetti, Brandeis University and NBER
2:10 pm		Thomas Philippon, New York University and NBER Back-testing Bank Stress Tests Discussant: Til Schuermann, Oliver Wyman
3:00 pm		Break
3:25 pm		Jillian A. Popadak, Duke University John Graham, Duke University and NBER Campbell R. Harvey, Duke University and NBER Shivaram Rajgopal, Columbia University Corporate Culture: Evidence from the Field Discussant: Luigi Zingales, University of Chicago and NBER
4:15 pm		Jens Hagendorff, Cardiff University Anthony Saunders, New York University Sascha Steffen, University of Mannheim Francesco Vallascas, Leeds University The Wolves of Wall Street: Managerial Attributes and Bank Business Models Discussant: Antoinette Schoar, Massachusetts Institute of Technology and NBER
5:05 pm		Adjourn
6:00 pm		Clambake at the Royal Sonesta Hotel