Past events

Arne Ryde Conference on Financial Intermediation

Friday-Saturday 1-2 December 2017, in Lund, Sweden

Keynote lecture by Professor Anthony Saunders, Stern School of Business NYU

Confirmed speakers include:

Tim Adam (HU-Berlin)
Bo Becker (Stockholm School of Economics)
Mariassunta Giannetti (Stockholm School of Economics)
Reint E. Gropp (Halle Institute for Economic Research)

The Arne Ryde Conference on Financial Intermediation is a small and focused conference with topics including but not limited to:
• Bank credit and the real economy
• Cross border banking
• Developments in financial intermediation technology

• Systemic Risk

Authors of accepted papers should be prepared to act as a discussant during the conference. Also, researchers with an interest in the topic are welcome to participate without presenting a paper.

The Conference is organized by the Arne Ryde Foundation in collaboration with the Department of Economics at Lund University and the Knut Wicksell Centre for Financial Studies.

There is no participation fee. Workshop lunches will be covered by the Arne Ryde Foundation. There will also be a dinner for speakers and discussants on Friday December 1st.


Programme


Friday, December 1

09:00 - 09:30 Coffee and registration (Gamla Biskopshuset)

09:30 - 09:40 Opening remarks: Anders Vilhelmsson

09:40 - 10:40 Keynote address

Diversification or specialization: analysis of distance and collaboration on loan syndication networks

Anthony Saunders (NYU Stern School of Business)

10:40 - 11:00 Coffee break

Session 1 Chair: Frederik Lundtofte

11:00 - 11:30 Shock propagation and Banking Structure

Mariassunta Giannetti (SSE) and Farzad Saidi (SSE)

Discussant: Björn Imbierowicz (CBS)

11:30 - 12:00 The Financial Intermediation Premium in the Cross Section of Stock Returns

Tatyana Marchuk (BI)

Discussant: Daniel Streitz (CBS)

12:00 - 12:30 How Does Corporate Income Tax Affect Bank Lending and Capital Structure?

Sophia Chen (IMF) and Gee Hee Hong (IMF)

Discussant: Farzad Saidi (SSE)

12:30 - 14:00 Lunch at Tegnérs matsalar

Session 2 Chair: Niclas Andrén

14:00 - 14:45 Invited talk

Cheap Trade Credit and Competition in Downstream Markets

Mariassunta Gianetti (SSE), Nicolas Serrano-Velarde (Bocconi Uni.), Emanuele Tarantino (Uni. of Mannheim)

Discussant: Emilia Garcia-Appendini (University of Zurich)

14:45 - 15:15 Procyclical Finance: The Money View

Ye Li (Columbia University)

Discussant: Vincent Maurin (SSE)

15:15 - 15:45 A Theory of Repurchase Agreements, Collateral Re-use, and Repo Intermediation

Piero Gottardi (European University Institute), Vincent Maurin (SSE), Cyril Monnet (Uni. of Bern)

Discussant: Ye Li (Columbia University)

15:45 - 16:15 Coffee break

Session 3 Chair: Martin Strieborny

16:15 - 16:45 Cutting Out the Middleman - The ECB as Corporate Bond Investor

Benjamin Grosse-Rueschkamp (European School of Management and Technology),

Sascha Steffen (Frankfurt School of Finance & Management), Daniel Streitz (CBS)

Discussant; Sophia Chen

16:45 - 17:30 Invited talk

Financial Contagion in the Mutual Fund Industry

Tim Adam (HU-Berlin), Laurenz Klipper (HU-Berlin)

Discussant: Petri Jylha (Aalto)

19:00 Dinner at Skissernas Museum


Saturday, December 2

Session 4 Chair: Hans Byström

09:00 - 09:45 Invited talk

The Cleansing Effect of Banking Crises

Reint E. Gropp (Halle Institute for Economic Research), Joerg Rocholl (ESMT, Berlin), Vahid Saadi (Halle Institute for Economic Research and Goethe University Frankfurt)

Discussant: Jesper Rangvid (CBS)

09:45 - 10:15 Shock Transmission through Cross-Border Bank Lending: Credit and Real Effects

Galina Hale (Fed San Francisco), Tumer Kapan (IMF), Camelia Minoiu (Wharton / IMF)

Discussant: Yeejin Jang (Purdue University)

10:15 - 10:45 What Drives Global Syndication of Bank Loans? Effects of Bank Regulations

Janet Gao (Indiana University), Yeejin Jang (Purdue University)

Discussant: Camelia Minoiu (Wharton / IMF)

10:45 - 11:15 Coffee break

Session 5 Chair: Jens Forssbaeck

11:15 - 11:45 Time-varying capital requirements and disclosure rules: Effects on capitalization and lending decisions

Björn Imbierowicz (CBS), Jonas Kragh (CBS) and Jesper Rangvid (CBS)

Discussant: Tatyana Marchuk (BI)

11:45 - 12:30 Invited talk

Reputations and credit ratings-evidence from commercial mortgage-backed securities

Ramin Baghai (SSE), Bo Becker (SSE)

Discussant: Jakob de Haan (Groningen and DeNederlandscheBank)

12:30 - 13:30 Lunch at Biskopshuset and end of conference