Chicago Financial Institutions Conference (CFIC) 2019 - Open Invitation

Conference dates

11 Apr 2019 - 12 Apr 2019

Location

Chicago, Illinois

Description

The Chicago Financial Institutions Conference will be held on April 11-12, 2019, in downtown Chicago. This is an open conference and all are welcome to attend. Registration is here:

https://cfic2019.eventbrite.com

The CFIC brings together academics from around the world to present their research on financial institutions. The format of the conference is a traditional 3-papers and 3-discussants in parallel sessions.

The CFIC is organized by the Department of Finance and the Keeley Center for Financial Services at DePaul University. Prior to this academic conference, attendees are invited to join the 12th annual Risk Management Conference with financial service professionals on April 10-11, which is co-sponsored with the Federal Reserve Bank of Chicago. Together, these two conferences offer a unique opportunity to connect academic and practitioner perspectives.

Below is the full CFIC 2019 program. We look forward to seeing you in Chicago!

Lamont Black and Elijah Brewer
CFIC Co-Organizers


THURSDAY, APRIL 11

SESSION 1 (A, B, and C): 12:30pm to 2:15pm

1.A Liquidity Risk and Regulation
Chair: Pab Jotikasthira (SMU)

Alternative Pricing Rules to Prevent Runs on Funds?
Bige Kahraman (Oxford U)
Discussant: Sophie Shive (U of Notre Dame)

The Effect of NAV Flotation on the Management of Prime Money Fund Portfolios
David Musto (Wharton)
Discussant: Patrick McCabe (Federal Reserve Board)

Unintended Consequences of Post-crisis Liquidity Regulation
Kairong Xiao (Columbia U)
Discussant: Sergey Chernenko (Purdue U)

1.B Regulation, Technology, and Loan Supply
Chair: Joseph Mason (Louisiana State U)

The Impact of the Dodd-Frank Act on Small Business
Rebel Cole (Florida Atlantic U)
Discussant: William Keeton (U Missouri at Kansas City)

Macroprudential Policy and Household Leverage: Micro-Evidence
Rustom Irani (U Illinois at Urbana-Champaign)
Discussant: Matteo Crosignani (U Michigan)

Can technology undermine macroprudential regulation? Evidence from peer-to-peer lending in China
Alberto Manconi (U Bocconi)
Discussant: Zigan Wang (U Hong Kong)

1.C Politics and Credit
Chair: Pavel Savor (DePaul U)

Lending Cycles and Real Outcomes: Costs of Political Misalignment
Orkan Saka (London School of Economics)
Discussant: Brandon Julio (U Oregon)

African-American Mayors, Home Ownership and Mortgage Lending
Thomas Krause (Halle Institute for Economic Research)
Discussant: Adriana Robertson (U Toronto)

Electoral Cycles in Macroprudential Regulation
Karsten Mueller (Princeton U)
Discussant: Pat Akey (U Toronto)


SESSION 2 (A, B, and C): 2:30pm to 4:15pm

2.A Interbank Market
Chair: Kose John (NYU)

Interbank Trading and Financial Regulation
Michael Gofman (U Rochester)
Discussant: Jing Zeng (Frankfurt School)

Repo market functioning: The role of capital regulation
Neeltje van Horen (Bank of England)
Discussant: Jun Kyung Auh (Yonsei U of Korea)

Contagious Bank Runs and Dealer of Last Resort
Kebin Ma (U Warwick)
Discussant: Andrew Winton (U Minnesota)

2.B Deposit Markets and Credit Availability
Chair: Randall Kroszner (U Chicago)

Market Competition, Production Technologies, and Regulatory Frictions: Evidence from the Banking Industry
Allen Berger (U South Carolina)
Discussant: Nicola Cetorelli (Federal Reserve Bank of New York)

Depositors Disciplining Banks: The Impact of Scandals
Mikael Homanen (U London Cass)
Discussant: Sergey Mityakov (Florida State U)

Banking for the Public Good: Access to Credit and the Nonprofit Sector
Nathan Dong (Columbia U)
Discussant: Anna Cororaton (SMU)

2.C Policy and Banking
Chair: Joseph Haubrich (Federal Reserve Bank of Cleveland)

Bank Taxation and Financial Intermediation
John Wilson (U St. Andrews)
Discussant: Masami Imai (Wesleyan U)

Effectiveness and (In)Effciencies of Compensation Regulation: Evidence from the EU Banker Bonus Cap
Konstantin Wagner (Halle Institute for Economic Research)
Discussant: Miriam Schwartz Ziv (Michigan State U)

Regulatory Integration of International Capital Markets
Jean-Marie Meier (U Texas at Dallas)
Discussant: Raymond Kim (U California at Riverside)


SESSION 3 (A, B, and C): 4:30pm to 6:15pm

3.A Bank Fragility and Systemic Risk
Chair: Richard Rosen (Federal Reserve Bank of Chicago)

Rollover Risk, Bank Borrowing and Fragility
Toni Ahnert (Bank of Canada)
Discussant: Denis Gromb (HEC Paris)

Hedge Fund Credit Networks, Collateral, and Prime Broker Exposures
Mathias Kruttli (Federal Reserve Board)
Discussant: Marco Macchiavelli (Federal Reserve Board)

Systemic Risk and the Great Depression
Angela Vossmeyer (Claremont McKenna)
Discussant: Co-Pierre Georg (U Cape Town)

3.B Credit Cards and Cryptocurrencies
Chair: Andriy Bodnaruk (U Illinois at Chicago)

Shocked by Bank Funding Shocks: Evidence from Consumer Credit Cards
Nikhil Paradkar (Georgia Tech)
Discussant: Brian Wolfe (U Buffalo)

Managing Tokenized Platforms
Ye Li (Ohio State U)
Discussant: David Skeie (Texas A&M)

Cryptocurrency Pump-and-Dump Schemes
Tao Li (U Florida)
Discussant: Vladimir Mukharlyamov (Georgetown U)

3.C Reach for Yield and Nonbank Institutions
Chair: Hongjun Yan (DePaul U)

Reaching for yield and overpricing in bonds
Jaewon Choi (U Illinois at Urbana-Champaign)
Discussant: Stefania D’Amico (Federal Reserve Bank of Chicago)

Reach for Yield by U.S. Public Pension Funds
Andre Zlate (Federal Reserve Bank of Boston)
Discussant: Quan Wen (Georgetown U)

The Bond Pricing Implications of Rating-Based Capital Requirements
Stas Nikolova (U Nebraska at Lincoln)
Discussant: Nathan Foley-Fisher (Federal Reserve Board)


FRIDAY, APRIL 12

SESSION 4 (A and B): 8:15am to 10:00am

4.A The Crisis and Credit
Chair: Michael Koetter (Halle Institute for Economic Research)

No Risk, No Growth: The Effects of Stress Testing on Entrepreneurship and Innovation
Sebastian Doerr (U Zurich)
Discussant: Yuliya Demyanyk (Federal Reserve Bank of Cleveland)

Do bank bailouts affect the provision of trade credit?
Greg Udell (Indiana U)
Raluca Roman (Federal Reserve Bank of Philadelphia)

Local Banks, Credit Supply, and House Prices
Kristian Blickle (Federal Reserve Bank of New York)
Discussant: Amanda Heitz (Tulane U)

4.B Relationships and the Corporate Debt Market
Chair: Mitchell Petersen (Northwestern U)

Primary Market Allocations in Corporate Bonds
Alex Zhou (Federal Reserve Board)
Discussant: Stas Nikolova (U Nebraska at Lincoln)

The Underwriter Relationship and Corporate Debt Maturity
Andrew MacKinlay (Virginia Tech)
Discussant: Ioannis Spyridopoulus (American U)

The Role of CDS Trading in the Commercialization of New Lending Relationships
Regina Wittenberg-Moerman (U Southern California)
Discussant: Paul Hanouna (Villanova U)


SESSION 5 (A and B): 10:15am to 12:00pm

5.A Interest Rates and Regulation
Chair: Gene Amromin (Federal Reserve Bank of Chicago)

Disaster Lending: “Fair” Prices, but “Unfair” Access
Taylor Begley (Washington U at St. Louis)
Discussant: William Mullins (U California – San Diego)

Consumer Protection Laws in Auto Lending
Mark Jansen (U Utah)
Discussant: Janis Skrastins (Washington U at St. Louis)

The Real Effects of Financial Technology: Marketplace Lending and Personal Bankruptcy
Piotr Danisewicz (Bristol U)
Discussant: Sudheer Chava (Georgia Tech)

5.B Equity and Credit
Chair: Stephen Karolyi (Carnegie Mellon U)

Targeted by an Activist Hedge Fund, Do the Lenders Care?
Sandeep Dahiya (Georgetown U)
Discussant: Mehdi Beyhaghi (Federal Reserve Bank of Richmond at Charlotte)

Banks' equity stakes in firms: A blessing or curse in credit markets?
Yuejuan Yu (Shandong U)
Discussant: Ivan Ivanov (Federal Reserve Board)

Financial Development and Industrial Pollution
Ralph De Haas (European Bank for Reconstruction and Development)
Discussant: Vahap Uysal (DePaul U)

Luncheon Keynote: Ed Kane (Boston College)

SESSION 6 (A and B): 1:45pm to 3:30pm

6.A Loan Screening and Fintech
Chair: Christoph Herpfer (Emory U)

Securitization and Screening Incentives: Evidence from Mortgage Processing Time
Jung-Eun Kim (Federal Reserve Bank of Richmond)
Discussant: Vladimir Kotomin (Illinois State U)

Mortgage Brokers, Technology, and Credit Supply: Evidence from MERS
Stefan Lewellan (Penn State U)
Discussant: Rohan Ganduri (Emory U)

Reintermediation in FinTech: Evidence from Online Lending
Tetyana Balyuk (Emory U)
Discussant: Christoph Bertsch (Riksbank)

6.B Financial Institutions and Market Liquidity
Chair: Jeff Harris (SEC and American U)

Liquidity Support in Financial Institutions
Yigitcan Karabulut (Frankfurt School)
Discussant: Shaun Davies (U Colorado at Boulder)

Mutual Fund Flows, Fund Liquidity, and Broker-Dealer Trades
Mark Flannery (U Florida)
Discussant: Stathis Tompaidis (U Texas at Austin)

Agency Frictions, Dealer Funding, and Market Liquidity
Max Bruche (Humboldt U at Berlin)
Discussant: Sebastian Infante (Federal Reserve Board)


SESSION 7 (A and B): 3:45pm to 5:30pm

7.A Low-Income Credit
Chair: Jordan Nickerson (Boston College)

The Effects of Competition on Consumer Credit Market
Edison Yu (Federal Reserve Bank of Philadelphia)
Discussant: Jordan van Rijn (U Wisconsin at Madison and CUNA)

Returns to Community Lending
Indraneel Chakraborty (U Miami)
Discussant: John Hackney (U South Carolina)

Financial Inclusion Under the Microscope
Andre Silva (Federal Reserve Board)
Discussant: Martin Kanz (World Bank)

7.B Bank Performance and Valuation
Chair: Taehyun Kim (Notre Dame)

Acquiring Failed Banks
Siddharth Vij (U Georgia)
Discussant: Mark Egan (Harvard Business School)

Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross-Country Evidence
Mark Spiegel (Federal Reserve Bank of San Francisco)
Discussant: Priyank Gandhi (Rutgers U)

Bank Capital and Bank Stock Performance
Christa Bouwman (Texas A&M)
Discussant: Rajdeep Sengupta (Federal Reserve Bank of Kansas City)