Registration
7:45 - 8:25 am
Welcome
8:25 - 8:30 am
Joseph Haubrich, Senior Economic and Policy Advisor, Federal Reserve Bank of Cleveland
8:30 - 9:00 am
Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland
Panel: The Effects of Macroprudential and Monetary Policies on Financial Stability
9:00 - 10:10 am
Moderator: S.P. Kothari, Chief Economist, Director of the Division of Economic and Risk Analysis, US Securities and Exchange Commission
Panelists:
Wayne Abernathy, Executive Vice President for Financial Institutions Policy and Regulatory Affairs, American Bankers Association
Michael Kiley, Deputy Director of the Division of Financial Stability, Board of Governors of the Federal Reserve System
Kasper Roszbach, Research Director, Norges Bank (presentation)
Break
10:10 - 10:25 am
Paper Session: Macroprudential Policy and Financial Stability
10:25 - 11:50 am
Moderator and Discussant: Christa Bouwman, Associate Professor of Finance and Patricia & Bookman Peters Professor of Finance, Mays Business School at Texas A&M University (presentation)
Unconventional Monetary Policy and Funding Liquidity Risk (paper)
Quentin Vandeweyer, Economist, European Central Bank (presentation)
Adrien d’Avernas, Assistant Professor of Finance, Stockholm School of Economics
Matthieu Darracq Pariès, Deputy Head of Forecasting and Policy Modeling, European Central Bank
Does Liquidity Disclosure Regulation Negatively Affect Liquidity Holdings in the Banking System (paper)
Yao Lu, PhD Student, University of Chicago Booth School of Business (presentation)
Unintended Consequences of Post-Crisis Liquidity Regulation
Suresh Sundaresan, Chase Manhattan Bank Foundation Professor of Financial Institutions, Columbia Business School (presentation)
Kairong Xiao, Assistant Professor of Business, Columbia Business School
Luncheon and Fireside Chat
11:50 - 1:15 PM
Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland
Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation
Paper Session: Financial Intermediation and Financial Market Resilience
1:15 - 2:40 pm
Moderator and Discussant: Stathis Tompaidis, Professor, The University of Texas at Austin (presentation)
Central Counterparty Default Waterfalls and Systemic Loss
Mark Paddrik, Senior Researcher, Financial Markets Division, Office of Financial Research (presentation)
Simpson Zhang, Financial Economist, Office of the Comptroller of the Currency
Financial Networks Over the Business Cycle
Alexandr Kopytov, Postdoctoral Research Associate, Princeton University (presentation)
Credit Default Swaps and Corporate Bond Trading
Robert Czech, Research Economist, Capital Markets Division, Financial Stability and Strategy Directorate, Bank of England (presentation)
Panel: Financial Intermediation and Financial Market Resilience
2:40 - 3:40 pm
Moderator: Sayee Srinivasan, Deputy Director, Risk Surveillance, Division of Clearing and Risk, US Commodity Futures Trading Commission
Panelists:
Grahame Johnson, Managing Director, Financial Stability, Bank of Canada
João Santos, Senior Vice President and Policy Leader for Microprudential Supervision, Federal Reserve Bank of New York
Adrien Vanderlinden, Executive Director, Systemic Risk Office, Depository Trust & Clearing Corporation
Break
3:40 - 3:55 pm
Paper Session: Emerging Technologies
3:55 - 5:20 pm
Moderator and Discussant: Rod Garratt, Professor, Maxwell C. and Mary Pellish Chair in Economics, University of California, Santa Barbara (presentation)
Tokenomics and Platform Finance (paper)
Ye Li, Assistant Professor of Finance, Max M. Fisher College of Business at The Ohio State University (presentation)
Lin William Cong, Associate Professor of Finance and Rudd Family Professor of Management, Cornell University
Neng Wang, Chong Khoon Lin Professor of Real Estate and Finance, Columbia Business School, Research Associate, National Bureau of Economic Research
Designing Central Bank Digital Currencies (paper)
Itai Agur, Senior Economist, International Monetary Fund (presentation)
Anil Ari, Economist, International Monetary Fund
Giovanni Dell'Ariccia, Deputy Director of the Research Department, International Monetary Fund
Blockchain Structure and Cryptocurrency Prices (paper)
Peter Zimmerman, Senior Economist, Bank of England (presentation)
Reception Hosted by the Federal Reserve Bank of Cleveland
5:20 - 7:30 pm
