8:25-8:30 am
Dasol Kim, Senior Economist, Office of Financial Research
Opening Remarks
8:30-8:40 am
Dino Falschetti, Director, Office of Financial Research
Paper Session: Financial Market Frictions + Liquidity
8:40-9:40 am
Moderator and Discussant: Victoria Ivashina, Lovett-Learned Professor of Finance, Harvard Business School | presentation
Mutual Fund Liquidity Transformation and Reverse Flight to Liquidity | paper | presentation
Kairong Xiao, Assistant Professor of Finance, Columbia Business School
Yiming Ma, Assistant Professor of Finance, Columbia Business School
Yao Zeng, Assistant Professor of Finance, Wharton School of the University of Pennsylvania
Anatomy of a Liquidity Crisis: Corporate Bonds in the COVID-19 Crisis | paper | presentation
Xing (Alex) Zhou, Principal Economist, Board of Governors of the Federal Reserve System
Maureen O’Hara, Robert W. Purcell Professor of Finance, Cornell University
Q&A
Break
9:40-9:50 am
Panel: Networks and Contagion | video
9:50-10:50 am
Moderator: H. Peyton Young, Centennial Professor, London School of Economics
Panelists:
Joshua M. Epstein, Professor of Epidemiology, New York University School of Global Public Health
Paul Glasserman, Jack R. Anderson Professor of Business, Columbia Business School
Suzanne Sprague, Managing Director, Credit & Liquidity Risk, Risk Policy, & Banking, CME Group
Q&A
Break
10:50-11:00 am
Paper Session: Networks and Contagion | video
11:00 am-12:00 pm
Moderator and Discussant: Michael Gofman, Assistant Professor of Finance, Simon Business School at the University of Rochester | presentation | presentation
Pirates Without Borders: The Propagation of Cyberattacks through Firms’ Supply Chains | paper | presentation
Matteo Crosignani, Economist, Federal Reserve Bank of New York
André F. Silva, Economist, Board of Governors of the Federal Reserve System
Marco Macchiavelli, Senior Economist, Board of Governors of the Federal Reserve System
Endogenous Risk-Exposure and Systemic Instability | paper | presentation
Chong Shu, PhD Candidate, USC Marshall School of Business
Q&A
Break
12:00-12:10 pm
Keynote Address | video
12:10-1:10 pm
Introduction: Dasol Kim, Senior Economist, Office of Financial Research
Markus K. Brunnermeier, Edwards S. Sanford Professor of Economics, Director of the Bendheim Center for Finance, Princeton University | presentation