Banking in the Age of Challenges Conference

Banking in the Age of Challenges Conference

May 27-28, 2024 – Room S219, HEC Paris Campus, Jouy-en-Josas

(25 mins. presentation, 15 mins. discussant presentation, 5 mins. open-floor discussion)

Monday – May 27th, 2024

10:30–11:00    Welcome coffee

11:00–12:30    Opening Remarks & Session 1: Payment Systems and Monetary Policy
Chair: Ciaran Rogers (HEC Paris)

“CBDC and the Operational Framework of Monetary Policy”, by Jorge Abad (Banco De España), Galo Nuño (Banco de España, BIS, CEMFI and CEPR) and Carlos Thomas (Banco De España)

Discussant: Toni Ahnert (European Central Bank)

“Digital Payments and Monetary Policy Transmission”, by Pauline Liang (Stanford GSB), Matheus Sampaio (Kellogg School of Management, Northwestern University), and Sergey Sarkisyan (Wharton School, University of Pennsylvania).

Discussant: Matteo Leombroni (Boston College)

12:45–14:15     Lunch break
 
14:30–16:00     Session 2: Deposit Markets
Chair: Guillaume Vuillemey (HEC Paris)

“Cybersecurity and Financial Stability”, by Kartik Anand (Deutsche Bundesbank), Chanelle Duley (University of Auckland) and Prasanna Gai (University of Auckland).

Discussant: Junyuan Zou (INSEAD)

“Diverging Banking Sector: New Facts and Macro Implications”, by Shohini Kundu (Anderson School of Management, University of California Los Angeles), Tyler Muir (Anderson School of Management, University of California Los Angeles) and Jinyuan Zhang (Anderson School of Management, University of California Los Angeles)

Discussant: Mattia Girotti (Université Paris Dauphine - PSL)

16:00–16:30    Coffee break

16:30–18:00     Session 3: Financing the Green Transition
Chair: Jessica Jeffers (HEC Paris)
        

“Pollution-Shifting vs. Downscaling: How Financial Distress Affects the Green Transition”, by Aymeric Bellon (Kenan-Flagler Business School - UNC Chapel Hill) and Yasser Boualam (Kenan-Flagler Business School - UNC Chapel Hill).
 

Discussant: Pat Akey (University of Toronto)

““Glossy Green” Banks: The Disconnect Between Environmental Disclosures and Lending Activities”, by Mariassunta Giannetti (Stockholm School of Economics, CEPR and ECGI), Martina Jasova (Barnard College, Columbia University), Maria Loumioti (UT Dallas), and Caterina Mendicino (European Central Bank).

Discussant: Lakshmi Naaraayanan (London Business School)

19:00 – 21:30      Dinner for speakers and invited HEC Paris faculty at Le Château.

Tuesday – May 28th, 2024

8:30–9:00    Welcome coffee
 
9:00–10:30           Session 4: Trust and Disclosure
Chair: Jean-Edouard Colliard (HEC Paris)

 
“Disclosure Mandate, Trust, and Asset Securitization”, by Lantian Liang (University of Sydney Business School), Harold H. Zhang (Naveen Jindal School of Management, University of Texas at Dallas), Feng Zhao (Naveen Jindal School of Management, University of Texas at Dallas) and Xiaofei Zhao (McDonough School of Business, Georgetown University).
 

Discussant: Maximilian Müller (University of Cologne)

“Does the Disclosure of Consumer Complaints Reduce Racial Disparities in the Mortgage Lending Market?”, by Xiang Li (Carroll School of Management, Boston College).
 

Discussant: Anya Kleymenova (Federal Reserve Board)

 
10:30–11:00    Coffee break

11:00–12:30     Session 5: Interactions between Bank and non-Bank Intermediaries
Chair: Quirin Fleckenstein (HEC Paris)

“Intermediary Balance Sheet Constraints, Bond Mutual Funds' Strategies, and Bond Returns”, by Mariassunta Giannetti (Stockholm School of Economics, CEPR, and ECGI), Chotibhak Jotikasthira (Southern Methodist University), Andreas C. Rapp (Federal Reserve Board of Governors) and Martin Waibel (Stockholm School of Economics).
 

Discussant: Daniel Streitz (University of Jena and IWH Halle)

“What Do Lead Banks Learn from Leveraged Loan Investors?”, by Max Bruche (Humboldt University of Berlin), Ralf R. Meisenzahl (Federal Reserve Bank of Chicago) and David Xiaoyu Xu (Southern Methodist University).
 

Discussant: Maximilian Jager (Frankfurt School of Finance and Management)

12:30-12:35      Concluding Remarks

12:45–14:00     Lunch break
 

Organizers: Jean-Edouard Colliard, Quirin Fleckenstein, Ciaran Rogers and Guillaume Vuillemey (all HEC Paris, Finance Department).

The organizers gratefully acknowledge funding from the Natixis-HEC-Polytechnique Chair “Business Analytics for Future Banking”, Agence Nationale de la Recherche funding via LABEX ECODEC (ANR-11-IDEX-0003/ANR-11-LABX-0047), logistical help by HEC Paris, and the support of Christophe Pérignon (HEC Paris Associate Dean for Research).