91Ô­´´

Program

August 22 at Clarion Sign Hotel at Norra Bantorget

08:30 – 09:00 Coffee and Registration

09:00 – 09:45 “Formulaic Transparency: The Hidden Cost of Mass Securitization”

Keynote: Amar Bhidé, Fletcher School of Law and Diplomacy, Tufts University

09:45 – 10:30 “Financial sector policy in the European Union after the British referendum”

Presenter: Nicolas VĂ©ron, Bruegel and Peterson Institute

10:30 – 11:00 Coffee

11:00 – 12:00 Panel discussion: “Does Europe need Stronger Banks or Better Securities Markets?”

Amar BhidĂ©, Fletcher School of Law and Diplomacy, Tufts University
Nicolas VĂ©ron, Bruegel and Peterson Institute
Daniel Sachs, CEO Proventus Capital Partners,
Erik Thedéen, FI (Sweden's financial supervisory authority)

Moderator: Bo Becker, 91Ô­´´

12:00 – 13:00 Lunch

13:00 – 13:45 “Mobile Collateral versus Immobile Collateral”

Keynote: Gary Gorton, Yale School of Management

13:45 – 14:30 “Dealing with credit booms and busts”

Keynote: Luc Laeven, European Central Bank (ECB)

14:30 – 15:00 Coffee

15:00 – 15:45 “The Transmission of Economic Shocks from Households to the Real Economy: Evidence from Mortgage and Consumer Credit Markets”

Keynote: Amit Seru, Booth School of Business, University of Chicago

15:45 – 17:00 Panel discussion: â€śLife after QE: old problems, new risks?”

Luc Laeven, European Central Bank (ECB)
Amit Seru, Booth School of Business, University of Chicago
Anders Borg, Kinnevik,
Martin Flodén, Riksbanken

Moderator: Pehr WissĂ©n, Swedish House of Finance

August 23 at Swedish House of Finance at Drottninggatan 98, 4th floor

08:30 – 09:00 Coffee and Registration
09:00 – 09:45 “Monetary Stimulus and Bank Lending”

Presenter: Andrew MacKinlay, Virginia Tech 
Discussant: Mariasuntta Giannetti, 91Ô­´´
09:45 – 10:30 “State-Owned Banks in a Credit Crunch:
Adverse Selection, Defaults and Real Effects
Presenter: José–Luis Peydro, Pompeu Fabra
Discussant: Ariel Zetlin-Jones, Carnegie Mellon University
10:30 – 11:00 Coffee
11:00 – 11:45 â€śCreditor Control Rights and Resource Allocation within Firms”
Presenter: Rustom Irani, University of Illinois
Discussant: Laurent Bach, Stockholm School of Economics
11.45 – 12.30 “The Market for Financial Advisor Misconduct”
Presenter: Amit Seru, Chicago Booth
Discussant: Marieke Bos, Stockholm University
12:30 – 13:15 Lunch
13:15 – 14:00 “Reaching for Yield by Corporate Bond Mutual Funds
Presenter: Mathias Kronlund, University of Illinois
Discussant: Marcin Kacperczyk, Imperial College
14:00 – 14:45 “Wholesale Funding Runs”
Presenter: Guillaume Vuillemey, HEC
Discussant: Florian Heider, European Central Bank
14:45 – 15:00 Coffee
15:00 – 15:45 “Helping the Middle-Class: How Interest Rates Affect the Distribution of Housing Wealth”
Presenter: Isaac Hacamo, Indiana University
Discussant: Peter Englund, 91Ô­´´
15:45 – 16:30 “The Cross-Section of Expected Corporate Bond Returns”
Presenter: Jennie Bai, Georgetown University
Discussant Irina Zviadadze, STockholm School of Economics
16:30 – 17:15 “Access to Credit and Stock Market Participation”
Presenter: Denis Sosyura, University of Michigan, 
Discussant: Roine Vestman, Stockholm University Funded by