Welcome Drinks

Dinner Buffet 19:00

Session 1: Macro-finance (BIS Session)

Chair: Wenqian Huang (BIS)

Do Higher Interest Rates Make The Banking System Safer? Evidence From Bank Leverage

Ali Uppal (Imperial College London)

Discussant: Margherita Bottero (Bank of Italy)

The Insurer Channel of Monetary Policy

Divya Kirti (International Monetary Fund), Akshat Vikram Singh (International Monetary Fund)

Discussant: Ralf Meisenzahl (Federal Reserve Bank of Chicago)

Break 10:45 –11:15

Learning About Convenience Yield from Holdings

Felix Corell (VU Amsterdam), Lira Mota (MIT), Melina Papoutsi (European Central Bank)

Discussant: Gabor Pinter (BIS)

Lunch 12:15

Poster Session 1

• The Social Effects of Bank Deserts, by Emanuela Benincasa (SFI)

• Bank Specialization in Lending to New Firms, by Diana Bonfim (Banco de Portugal, Católica Lisbon,  CEPR), Ralph De Haas (EBRD,  CEPR), Alexandra Matyunina (Bank of Spain), Steven Ongena (University of Zurich, SFI,  CEPR)

• Swap Line Arbitrage, by Peteris Kloks (University of St.Gallen)

• The Bank Lending Channel of Quantitative Tightening, by Matthieu Chavaz (BIS), Alba Patozi (Bank of England), Mo Wazzi (University of Oxford)

• State-Dependent Pass-Through from Monetary Policy to Lending Rates, by Federico Puglisi (Bank of Italy) 

• Passive investors and loan spreads, by Konrad Adler (University of St.Gallen), Sebastian Doerr (BIS,  CEPR), Sonya Zhu (BIS)

Session 2: Finance & Trade

Chair: Kasper Roszbach (Norges Bank)

Unleashing International Trade through Financial Integration: Evidence from a Cross-Border Payment System

Gustavo S. Cortes (University of Florida), Lucas Argentieri Mariani (Bocconi University), Vinicios P. Sant'Anna (MIT)

Discussant: Lorena Keller (University of Pennsylvania)

The Ripple Effect: Supply Chain Reconfigurations and Cross-border Credit Dynamics

Ricardo Correa (Federal Reserve Board), Andrea Fabiani (Bank of Italy), Matias Ossandon Busch (CEMLA/IWH), Miguel Sarmiento (Banco de la República)

Discussant: Leslie Shen (Federal Reserve Bank of Boston)

Dinner 19:00

Session 3: Information

Chair: Florian Heider (SAFE, Goethe University,  CEPR)

Buy Now Pay (Less) Later: Leveraging Private BNPL data in Banking

Christine Laudenbach (Goethe University,  CEPR), Elin Molin (Lund University), Kasper Roszbach (Norges Bank), Talina Sondershaus (Lund University )

Discussant: Vimal Balasubramaniam (Queen Mary University,  CEPR)

What Do Lead Banks Learn from Leveraged Loan Investors?

Max Bruche (Humboldt University Berlin), Ralf Meisenzahl (Federal Reserve Bank of Chicago), David Xu (Southern Methodist University)

Discussant: Daniel Streitz (IWH Halle)

Break 10:30 –11:00

Keynote Speech 

On Digital Payments and Data Sharing Infrastructure

Implications for Credit Access

Manju Puri (Duke University, Fuqua School of Business & NBER)

Lunch 12:15

Poster Session 2

• Smart Banks, by Alkis Georgiadis-Harris (University of Warwick), Maxi Guennewig (University of Bonn), Yuliyan Mitkov (University of Bonn)

• The Implications of Faster Lending: Loan Processing Time and Corporate Cash Holdings, by Vesa Pursiainen (University of St. Gallen, SFI), Hanwen Sun (University of Bath), Qiong Wang (Southeast University), Guochao Yang (Zhongnan University)

• Endogenous Matching in the Private Debt Market, by Paul Rintamäki (Aalto University)

• Do Index Funds Benefit Investors?, by Martin Schmalz (University of Oxford,  CEPR)

• Rebalancing of Currency Hedging and the Impact on Exchange Rates, by Ingebjørg Hansen Sævareid (Norges Bank), Elizaveta Sizova (NHH Norwegian School of Economics), Olav Syrstad (BI Norwegian Business School).

• CovenantAI - New Insights into Covenant Violations, by Anthony Saunders (NYU), Sascha Steffen (Frankfurt School of Finance & Management,  CEPR), Paulina Maria Verhoff (Frankfurt School of Finance & Management)

Session 4: Climate finance

Chair: Hans Degryse (KU Leuven,  CEPR)

Climate Transition Risks of Banks

Felix Martini (Frankfurt School of Finance & Management,  CEPR), Zacharias Sautner (University of Zurich,  CEPR), Sascha Steffen (Frankfurt School of Finance & Management), Carola Theunisz (Erasmus University Rotterdam)

Discussant: Marco Ceccarelli (VU Amsterdam)

Business as Usual: Bank Net Zero Commitments, Lending, and Engagement

David Marquez Ibanez (European Central Bank), Pari Sastry (MIT), Emil Verner (MIT)

Discussant: Robin Döttling (Erasmus University Rotterdam)

Dinner 19:00

Session 5: Bank regulation

Chair: Steven Ongena (University of Zurich, SFI,  CEPR)

Loan-Funded Loans: Asset-Like Liabilities inside Bank Holding Companies

Jennie Bai (Georgetown University), Murrilo Campello (University of Florida), Pradeep Muthukrishnan (Tulane University)

Discussant: Ricardo Correa (Federal Reserve Board)

Rules versus Disclosure: Prudential Regulation and Market Discipline

William Fuchs (UT Austin,  CEPR), Satoshi Fukuda (Bocconi University), Daniel Neuhann (UT Austin)

Discussant: Magdalena Rola-Janicka (Imperial College London,  CEPR)

Break 10:15 –10:45

Too-many-to-fail and the design of bailout regimes

Wolf Wagner (Erasmus University Rotterdam,  CEPR), Jing Zeng (University of Bonn,  CEPR)

Discussant: Jean Edouard Colliard (HEC Paris,  CEPR)

Lunch 12:00