Program

August 22 at Clarion Sign Hotel at Norra Bantorget

08:30 – 09:00 Coffee and Registration

09:00 – 09:45 “Formulaic Transparency: The Hidden Cost of Mass Securitization”

Keynote: Amar Bhidé, Fletcher School of Law and Diplomacy, Tufts University

09:45 – 10:30 “Financial sector policy in the European Union after the British referendum”

Presenter: Nicolas Véron, Bruegel and Peterson Institute

10:30 – 11:00 Coffee

11:00 – 12:00 Panel discussion: “Does Europe need Stronger Banks or Better Securities Markets?”

Amar Bhidé, Fletcher School of Law and Diplomacy, Tufts University
Nicolas Véron, Bruegel and Peterson Institute
Daniel Sachs, CEO Proventus Capital Partners,
Erik Thedéen, FI (Sweden's financial supervisory authority)

Moderator: Bo Becker, Stockholm School of Economics

12:00 – 13:00 Lunch

13:00 – 13:45 “Mobile Collateral versus Immobile Collateral”

Keynote: Gary Gorton, Yale School of Management

13:45 – 14:30 “Dealing with credit booms and busts”

Keynote: Luc Laeven, European Central Bank (ECB)

14:30 – 15:00 Coffee

15:00 – 15:45 “The Transmission of Economic Shocks from Households to the Real Economy: Evidence from Mortgage and Consumer Credit Markets”

Keynote: Amit Seru, Booth School of Business, University of Chicago

15:45 – 17:00 Panel discussion: “Life after QE: old problems, new risks?”

Luc Laeven, European Central Bank (ECB)
Amit Seru, Booth School of Business, University of Chicago
Anders Borg, Kinnevik,
Martin Flodén, Riksbanken

Moderator: Pehr Wissén, Swedish House of Finance

August 23 at Swedish House of Finance at Drottninggatan 98, 4th floor

08:30 – 09:00 Coffee and Registration
09:00 – 09:45 “Monetary Stimulus and Bank Lending”

Presenter: Andrew MacKinlay, Virginia Tech 
Discussant: Mariasuntta Giannetti, Stockholm School of Economics
09:45 – 10:30 “State-Owned Banks in a Credit Crunch:
Adverse Selection, Defaults and Real Effects
Presenter: José–Luis Peydro, Pompeu Fabra
Discussant: Ariel Zetlin-Jones, Carnegie Mellon University
10:30 – 11:00 Coffee
11:00 – 11:45 “Creditor Control Rights and Resource Allocation within Firms”
Presenter: Rustom Irani, University of Illinois
Discussant: Laurent Bach, Stockholm School of Economics
11.45 – 12.30 “The Market for Financial Advisor Misconduct”
Presenter: Amit Seru, Chicago Booth
Discussant: Marieke Bos, Stockholm University
12:30 – 13:15 Lunch
13:15 – 14:00 “Reaching for Yield by Corporate Bond Mutual Funds
Presenter: Mathias Kronlund, University of Illinois
Discussant: Marcin Kacperczyk, Imperial College
14:00 – 14:45 “Wholesale Funding Runs”
Presenter: Guillaume Vuillemey, HEC
Discussant: Florian Heider, European Central Bank
14:45 – 15:00 Coffee
15:00 – 15:45 “Helping the Middle-Class: How Interest Rates Affect the Distribution of Housing Wealth”
Presenter: Isaac Hacamo, Indiana University
Discussant: Peter Englund, Stockholm School of Economics
15:45 – 16:30 “The Cross-Section of Expected Corporate Bond Returns”
Presenter: Jennie Bai, Georgetown University
Discussant Irina Zviadadze, STockholm School of Economics
16:30 – 17:15 “Access to Credit and Stock Market Participation”
Presenter: Denis Sosyura, University of Michigan, 
Discussant: Roine Vestman, Stockholm University Funded by