Hosted by the Research Department of the Federal Reserve Bank of Atlanta
The 12th annual Day-Ahead Conference on Financial Markets and Institutions is an opportunity for productive interaction in advance of the 2019 ASSA meeting and the sharing of policy-relevant research among economists in the Federal Reserve System, at other central banks, and in academia.
Agenda
Session 1: Monetary Policy
"Credit Easing versus Quantitative Easing: Evidence from Corporate and Government Bond Purchase Programs"
Stefania D'Amico, Federal Reserve Bank of Chicago
Iryna Kaminska, Bank of England
Discussant: David Lando, Copenhagen Business School
"Negative Policy Rates and Bank Asset Allocation: Evidence from the Italian Credit and Security Registers"
Margherita Bottero, Bank of Italy
Camelia Minoiu, Federal Reserve Board
José-Luis Peydró, ICREA (the Catalan Institution for Research and Advanced Studies), Universitat Pompeu Fabra, CREI (Centre de Recerca en Economia Internacional), and the Barcelona Graduate School of Economics
Andrea Polo, Universitat Pompeu Fabra
Andrea Presbitero, the International Monetary Fund
Enrico Sette, Bank of Italy
Discussant: David Arseneau, Federal Reserve Board
Session 2: Capital Regulation and Welfare
"The Welfare Effects of Bank Liquidity and Capital Requirements" [Presentation 
]
Skander van den Heuvel, Federal Reserve Board
Discussant: Pascal Paul, Federal Reserve Bank of San Francisco [Discussion ]
"Bank Capital Regulation and Endogenous Shadow Banking Crises" [Presentation ]
Johannes Poeschl, Dansmark Nationalbank
Xue Zhang, Manheim University
Discussant: Francesco Ferrante, Federal Reserve Board [Discussion ]
Session 3: Bail-In, Bail-Out, or Just Bail?
"Sharing the Pain? Credit Supply and Real Effects of Bank Bail-ins" [Presentation ]
Thorsten Beck, Cass Business School and the Center for Economic and Policy Research
Samuel Da-Rocha-Lopes, European Banking Authority & NOVA School of Business and Economics
Andre F. Silva, Cass Business School and the International Monetary Fund
Discussant: Joao Santos, Federal Reserve Bank of New York [Discussion ]
"Bank Bailouts, Bail-ins, or No Regulatory Intervention? A Dynamic Model and Empirical Tests of Optimal Regulation" [Presentation ]
Allen N. Berger, University of South Carolina
Charles Himmelberg, Goldman Sachs
Raluca Roman, Federal Reserve Bank of Philadelphia
Sergey Tsyplakov, University of South Carolina
Discussant: Paul Glasserman, Columbia University [Discussion ]
Session 4: Dealers
"Collateral Runs" [Presentation ]
Sebastian Infante, Federal Reserve Board
Alexandros Vardoulakis, Federal Reserve Board
Discussant: Lixin Huang, Georgia State University [Discussion ]
"Securities Financing and Asset Markets: New Evidence" [Presentation ]
Tomas Breach, Federal Reserve Bank of Chicago
Thomas King, Federal Reserve Bank of Chicago
Discussant: Gary Gorton, Yale University [Discussion ]
Session 5: Short-Term Funding
"Reciprocal Lending Relationships in Shadow Banking" [Presentation ]
Yi Li, Federal Reserve Board
Discussant: Victoria Ivashina, Harvard University [Discussion ]
"Short-Term Rates and Large Fed Balance Sheet" [Presentation ]
Beth Klee, Federal Reserve Board
Ed Nosal, Federal Reserve Bank of Atlanta
Discussant: Roc Armenter, Federal Reserve Bank of Philadelphia [Discussion ]