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Programme
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Thursday 25 September
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12.00-13.00
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Lunch - 1st floor foyer
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13.00-13.10
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Opening Remarks
Sylvester Eijffinger - CentER and EBC Tilburg University, Erasmus University Rotterdam and CEPR
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Hervé Hannoun, Deputy General Manager, Bank for International Settlements
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13.10-13.45
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Keynote speech - Financial Innovation and Monetary Policy
Stephen Cecchetti - Bank for International Settlements and CEPR
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Session 1
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Chair:
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Claudio Borio - Bank for International Settlements
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13.45-14.30
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Leveraged Losses: Lessons from the Mortgage Market Meltdown
David Greenlaw - Morgan Stanley
Jan Hatzius - Goldman Sachs
*Anil Kashyap - GSB University of Chicago and Federal Reserve Bank of Chicago
Hyun Song Shin - Princeton University
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Discussant:
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Reint Gropp - European Business School
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14.30-15.00
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Coffee Break
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15.00-15.45
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How are Monetary and Financial Shocks Transmitted between the U.S. and the Euro Area?
*Carlo Favero - IGIER-Univeristà Bocconi and CEPR
Francesco Giavazzi - IGIER-Università Bocconi, CEPR
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Discussant:
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Domenico Giannone - European Central Bank and CEPR
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15.45-16.30
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Does Monetary Policy Affect Bank Credit Standards?
Angela Maddaloni - European Central Bank
*José Luis Peydró-Alcalde - European Central Bank
Silvia Scopel - European Central Bank
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Discussant:
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Enisse Kharroubi - Banque de France
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19:00
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Dinner - Restaurant Gundeldingerhof
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Friday 26 September
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Session 2
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Central Bank Research Papers
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Chair:
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Sylvester C W Eijffinger - CentER and EBC Tilburg University, Erasmus University Rotterdam and CEPR
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09:00-09:30
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Optimal Monetary Policy in a Model of the Credit Channel
Fiorella de Fiore - European Central Bank
*Oreste Tristani - European Central Bank
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09:30-09:45
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Discussant: Christian Upper - Bank for International Settlements
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09:45-10:15
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Household External Finance and Consumption
Timothy Besley - Bank of England, London School of Economics and CEPR
Neil Meads - Bank of England
*Paolo Surico - Bank of England
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10:15-10:30
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Discussant: Stefan Gerlach - Johann Wolfgang Goethe University of Frankfurt and CEPR
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10:30-11:00
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Coffee Break
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11:00-11:30
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Capital Adequacy Requirements and Optimal Monetary Policy
*Ethan Cohen-Cole - Federal Reserve Bank of Boston
Enrique Martinez-Garcia - Federal Reserve Bank of Dallas
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11:30-11:45
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Discussant: David Vestin - Bank for International Settlements
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11:45-12:15
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Banking Globalization, Monetary Transmission, and the Lending Channel
*Nicola Cetorelli - Federal Reserve Bank of New York
Linda Goldberg - Federal Reserve Bank of New York
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12:15-12:30
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Discussant: Jakob de Haan - University of Groningen
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12:30-12:45
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CEPR/ESI 2008 Prize for Best Central Bank Research Paper
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12:45-13:45
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Lunch - Ground floor: rooms QRST
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Session 3
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Policy Lecture (Central Bank Governor)
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Chair:
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Sylvester Eijffinger - CentER and EBC Tilburg University, Erasmus University
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13:45-14:45
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Keynote Lecture: "Financial Markets and Monetary Policy"
Axel Weber - Governor Deutsche Bundesbank
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14:45-15:15
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Coffee Break
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Session 4
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Panel Discussion - "The Evolving Financial System and the Transmission Mechanism of Monetary Policy"
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Chair:
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Stephen Yeo - CEPR
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15:15-16.45
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Panellists:
Thorsten Beck - CentER and EBC, Tilburg University
Carlo Favero - IGIER-Università Bocconi and CEPR
Anil Kashyap - GSB University of Chicago and Federal Reserve Bank of Chicago,br>
Hans Genberg - Hong Kong Monetary Authority
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16:45-17:00
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Closing Address - (Speaker tbc)
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20:00
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Dinner - BIS Sports Club
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Where there are multiple co-authors a * indicates the identity of the presenter.
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Organizers:
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Claudio Borio - Bank for International Settlements
Sylvester C W Eijffinger - CentER and EBC Tilburg University, Erasmus University Rotterdam and CEPR
Kees Koedijk - Tilburg University and CEPR
Christian Upper - Bank for International Settlements
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