Registration and Breakfast
8:00 am–8:30 am
Welcome and Opening Remarks
8:30 am–9:00 am
Chair: Joseph Haubrich, Senior Economic and Policy Advisor, Federal Reserve Bank of Cleveland
Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland
Panel: Macroprudential and Monetary Policy
9:00 am–10:00 am
Moderator: Deborah J. Lucas, Sloan Distinguished Professor of Finance and Director of the MIT Golub Center for Finance and Policy, MIT Sloan School of Management
Panelists:
Michael Feroli, Managing Director and Chief U.S. Economist, J.P. Morgan
Carolin Pflueger, Associate Professor, University of Chicago Harris School of Public Policy
Break
10:00 am–10:15 am
Paper Session: Macroprudential and Monetary Policy
Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?
10:15 am–11:00 am
Gregor Matvos, Howard Berolzheimer Chair in Finance, Northwestern University
Erica Xuewei Jiang, Assistant Professor of Finance and Business Economics, University of Southern California Marshall School of Business
Tomasz Piskorski, Edward S. Gordon Professor of Real Estate in the Finance Division, Columbia Business School
Amit Seru, Steven and Roberts Denning Professor of Finance, Stanford Graduate School of Business; Senior Fellow, Hoover Institution
Discussant: Rebecca Zarutskie, Deputy Associate Director of Program Direction, Board of Governors of the Federal Reserve System
Monetary Transmission Through Bank Securities Portfolios
11:00 am–11:45 am
Pascal Paul, Senior Economist, Federal Reserve Bank of San Francisco
John R. Krainer, Principal Economist, Board of Governors of the Federal Reserve System
Discussant: Pablo D’Erasmo, Economic Advisor and Economist, Federal Reserve Bank of Philadelphia
Luncheon and Keynote
11:45 am–1:00 pm
Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland
Randall S. Kroszner, Norman R. Bobins Professor of Economics, University of Chicago Booth School of Business
Break
1:00–1:15 pm
Paper Session: Financial Institutions
Social Media as a Bank Run Catalyst
1:15 pm–2:00 pm
J. Anthony Cookson, Professor of Finance, University of Colorado Leeds School of Business
Corbin Fox, Assistant Professor of Finance and Business Law, James Madison University
Javier Gil-Bazo, Associate Professor of Finance, Universitat Pompeu Fabra and Barcelona School of Economics
Juan Imbet, Assistant Professor of Finance, Université Paris Dauphine–PSL
Christoph M. Schiller, Assistant Professor of Finance, W.P. Carey School of Business at Arizona State University
Discussant: Anna Kovner, Director of the Financial Stability Policy Research Division, Federal Reserve Bank of New York
Banking on Uninsured Deposits
2:00 pm–2:45 pm
Olivier Wang, Assistant Professor of Finance, New York University Stern School of Business
Itamar Drechsler, Ervin Miller and Arthur M. Freedman Professor of Finance and Co-Director of the Rodney L. White Center for Financial Research, Wharton School of the University of Pennsylvania
Philipp Schnabl, Martin J. Gruber Professor in Asset Management and Professor of Finance, New York University Stern School of Business
Alexi Savov, Marcus Nadler Professor of Finance, New York University Stern School of Business
Discussant: Sorin M. Sorescu, Professor and Director of the Adam C. Sinn `00 Center for Investment Management Foreman R. and Ruby Bennett Chair in Business Administration Texas A&M University
Break
2:45 pm–3:00 pm
Panel: Financial Institutions
3:00 pm–4:00 pm
Moderator: Eric Rosengren, Visiting Scholar, MIT Sloan School of Management
Panelists:
Rosalind Bennett, Executive Program Director of the Center for Financial Research, Federal Deposit Insurance Corporation
Meyrick Chapman, Principal, Hedge Analytics
David Scharfstein, Edmund Cogswell Converse Professor of Finance and Banking, Harvard Business School
End of Conference Day 1
4:00 pm
Reception Hosted at the Federal Reserve Bank of Cleveland
4:00 pm–6:00 pm
