The 15th annual Day-Ahead Conference on Financial Markets and Institutions is an opportunity for productive interaction in advance of the 2022 ASSA meeting and the sharing of policy-relevant research among economists in the Federal Reserve System, at other central banks, and in academia.
8:45 a.m. - 8:50 a.m.
8:50 a.m. - 9:00 a.m.
9:00 a.m. - 10:30 a.m.
Monetary Policy Session
Diana Hancock, Federal Reserve Board of Governors
9:00 a.m. - 9:45 a.m.
“U.S. Monetary Policy and Credit Risk of New Corporate Credit Lines”
Lucy Qian Liu, International Monetary Fund,
Viktors Stebunovs, Federal Reserve Board of Governors
Victoria Ivashina, Harvard Business School
9:45 a.m. - 10:30 a.m.
“Monetary Policy Transmission in Segmented Markets”
Jens Eisenschmidt, European Central Bank,
Yiming Ma, Columbia Business School,
Anthony Lee Zhang, University of Chicago Booth School of Business
Darrel Duffie, Stanford University
10:30 a.m. - 10:45 a.m.
10:45 a.m. - 12:15 p.m.
Falk Bräuning, Federal Reserve Bank of Boston
10:45 a.m. - 11:30 a.m.
“The Value of Lending Relationships”
Andrew Bird, Tepper School of Business Carnegie Mellon University,
Michael Hertzel, Carey School of Business Arizona State University,
Stephen Karolyi, Tepper School of Business Carnegie Mellon University,
Thomas Ruchti, Tepper School of Business Carnegie Mellon University
Leonardo Gambacorta, Bank of International Settlements
11:30 a.m. - 12:15 p.m.
“Who Pays the Price? Overdraft Fee Ceilings and the Unbanked”
Jennifer Dlugosz, Federal Reserve Board of Governors,
Brian Melzer, Dartmouth College,
Donald Morgan, Federal Reserve Bank of New York
Chris Palmer, MIT Sloan School of Management
12:15 p.m. - 12:30 p.m.
12:30 p.m. - 2:00 p.m.
Markets and Liquidity Session
Gene Amromin, Federal Reserve Bank of Chicago
12:30 p.m. - 1:15 p.m.
“Asset Managers, Market Liquidity and Bank Regulation”
Iñaki Aldasoro, Bank of International Settlements,
Wenqian Huang, Bank of International Settlements,
Nikola Tarashev, Bank of International Settlements
Download Paper (pdf)
Yi Li, Federal Reserve Board of Governors
1:15 p.m. - 2:00 p.m.
“The Value of Internal Sources of Funding Liquidity: US Broker-Dealers and the Financial Crisis”
Cecilia Caglio, Federal Reserve Board of Governors,
Adam Copeland, Federal Reserve Bank of New York,
Antoine Martin, Federal Reserve Bank of New York
Download Paper (pdf)
Patricia Mosser, Columbia University