Financial Stability Implications of New Technology - October 18–19, 2018
|Thursday, October 18|
|Registration and continental breakfast|
|9:00||Liquidity in Automated Markets
Chair: Joseph Noss, Financial Stability Board
"Who Supplies Liquidity, and When?"
Presenter: Mao Ye, University of Illinois, Urbana-Champaign
Sida Li, University of Illinois, Urbana-Champaign
Xin Wang, University of Illinois, Urbana-Champaign
"High-Frequency Cross-Market Trading: Model Free Measurement and Applications"
Presenter: Dobrislav Dobrev, Federal Reserve Board
Ernst Schaumburg, AQR Capital Management
|11:00||Changing Technology and Mortgage Market Risk
Chair: Vincent Yao, Georgia State University
Discussant: Gonzalo Maturana, Emory University
"Technological Innovation in Mortgage Underwriting"
Presenter: Lara Loewenstein, Federal Reserve Bank of Boston
Christopher L. Foote, Federal Reserve Bank of Boston
Paul S. Willen, Federal Reserve Bank of Boston
"Market Dynamics among the ABX Index, Credit Default Swaps, and Mortgage-Backed Bonds"
Presenter: Meredith E. Rhodes, Louisiana State University
Michael B. Imerman, Claremont University
Joseph R. Mason, Louisiana State University
Rajesh P. Narayanan, Louisiana State University
Chair: Larry Wall, Federal Reserve Bank of Atlanta
"Tokenomics: Dynamic Adoption and Valuation"
Presenter: Lin William Cong, University of Chicago
Ye Li, Ohio State University
Neng Wang, Columbia University
"Auditing and Blockchains: Pricing, Misstatements, and Regulation"
Presenter: Baozhong Yang, Georgia State University
Sean Cao, Georgia State University
Lin William Cong, University of Chicago
|3:30||Panel: "Cryptocurrency and Central Bank E-Money"
Chair: Alistair Milne, Loughborough University
Douglas Elliott, Oliver Wyman [Paper #1 | Paper #2 ]
Gina C. Pieters, University of Chicago [Paper ]
Francisco Rivadeneyra, Bank of Canada [Paper ]
Warren E. Weber, Webereconomics [Paper ]
|5:30||Reception and dinner
Speaker: Lawrence J. White, New York University
|Friday, October 19|
|9:00||Online Lending Markets
Chair: Christina Wang, Federal Reserve Bank of Boston
"Reintermediation in Fintech: Evidence from Online Lending"
Presenter: Tetyana Balyuk, Emory University
Sergei Davydenko, University of Toronto
"Consumer Lending Efficiency: Commercial Banks versus a Fintech Lender"
Presenter: Joseph P. Hughes, Rutgers University
Julapa Jagtiani, Federal Reserve Bank of Philadelphia
Choon‐Geol Moon, Hanyang University
|11:00||Consumers and Investors in Marketplace Lending
Chair: Lauren Lambie-Hanson, Federal Reserve Bank of Philadelphia
"Winners and Losers of Marketplace Lending: Evidence from Borrower Credit Dynamics"
Presenter: Nikhil Paradkar, Georgia Institute of Technology
Sudheer Chava, Georgia Institute of Technology
"The Real Effects of Financial Technology: Marketplace Lending and Personal Bankruptcy"
Presenter: Ilaf Elard, Shanghai University of International Business and Economics
Piotr Danisewicz, University of Bristol
|1:30||Banks and New Technology
Chair: Rohan Ganduri, Emory University
"Bank Lending in the Knowledge Economy"
Presenter: Dalida Kadyrzhanova, Georgia State University
Giovanni Dell'Ariccia, International Monetary Fund
Camelia Minoiu, International Monetary Fund
Lev Ratnovski, International Monetary Fund
"Listening to the Buzz: Social Media Sentiment and Retail Depositors' Trust"
Presenter: Mirko Moscatelli, Bank of Italy
Matteo Accornero, Bank of Italy
"How Do Bank Customers Go Digital? A Random Forest Approach"
Presenter: Pedro J. Cuadros-Solas, Colegio Universitario de Estudios Financieros
Santiago Carbó-Valverde, Colegio Universitario de Estudios Financieros
Francisco Rodríguez-Fernández, Colegio Universitario de Estudios Financieros