May 16-May 17, 2014
2014 Law & Banking/Finance Conference
Presentations and Panels:
Friday, May 16, 2014
09:15 Thorsten Beck (Cass Business School), Lending Concentration, Bank Performance and Systemic Risk: Exploring Cross-Country Variation
Discussant: Geoffrey Miller (NYU School of Law)
10:00 Ryan Bubb (NYU), Mortgage Regulation for Bubbles
Discussant: Barry Adler (NYU)
11:00 Charles Calomiris (Columbia), Corporate Governance and Risk Management by Unprotected Banks: National Banks in the 1890s
Discussant: Roberta Romano (Yale)
11:45 Hans Gersbach (ETH Zurich), On the Economics of Crisis Contracts
Discussant: Jan-Pieter Krahnen (Frankfurt)
13:45 Jean-Charles Rochet (Zurich), How to Finance SIFIs: A Critique of Coco Bonds
Discussant: Mark Roe (Harvard)
14:30 Enrico Perotti (Amsterdam), Cheap but flighty: how global imbalances create financial fragility
Discussant: Hans Gersbach (ETH Zurich)
15:30 Viral V. Acharya (NYU) and Bruce Tuckman (NYU), Unintended Consequences of LOLR Facilities: The Case of Illiquid Leverage
Discussant: Morgan Ricks (Vanderbilt)
16:30 Marco Pagano (Napoli), Short-Selling Bans and Bank Stability: Evidence from Two Crises
Discussant: Thorsten Beck (Cass Business School)
17:15 Gerard Hertig (ETH Zurich), Decision Making during the Credit Crisis: Why did the Treasury Let Commercial Banks Fail?
Discussant: David Skeel (Penn)
20:00 Keynote speech on Restructuring Risks in Financial Firms Portfolios by Mark J. Roe (Harvard), followed by a general discussion
Portfolio Value Destruction in the Lehman Bankruptcy
Saturday, May 17, 2014
09:00 Does Bank Governance Matter?
Introductory Presentations
- John Armour (Oxford), Governance Goals and Mechanisms
- Jeff Gordon (Columbia), Modeling Governance
- Jan-Pieter Krahnen (Frankfurt), Systemic Risk and Governance
- Lev Ratnovski (IMF), Can Market Discipline and Corporate Governance Make Banks Safer?
10:30 Does Bank Governance Matter?
Discussion
List of Participants
- Viral Acharya (NYU/Finance)
- Barry E. Adler (NYU/Law)
- John Armour (Oxford/Law)
- Thorsten Beck (London/Finance)
- Ryan Bubb (NYU/Law)
- Charles Calomiris (Columbia/Finance)
- Hans Gersbach (ETH Zurich/Finance)
- Jeffrey Gordon (Columbia/Law)
- Gerard Hertig (ETH Zurich/Law)
- Kathryn Judge (Columbia/Law)
- Jan Peter Krahnen (Frankfurt/Finance)
- Geoffrey Miller (NYU/Law)
- Marco Pagano (Napoli/Finance)
- Enrico Perotti (Amsterdam/Finance)
- Mark Roe (Harvard/Law)
- Morgan Ricks (Vanderbilt/Law)
- Lev Ratnovsky (IMF)
- Jean-Charles Rochet (Zurich & Toulouse/Finance)
- Roberta Romano (Yale/Law)
- David Skeel (Penn/Law)
- Bruce Tuckman (NYU/Finance)
Funds for this conference were generously provided by the Comfort Family Fund.