Norges Bank

Norges Bank-CEPR Workshop "Frontier Research in Banking"

Christiania Qvartalet Meeting Center, Oslo and online, 18-19 November 2021



Day 1 - 18 Nov, Oslo, 8:30 - 18:00 (CET)


08:30                   On-site registration opens


08:55 – 09:00      Welcoming Remarks by Torbjørn Hægeland (Executive Director, Financial Stability Division)


09:00 – 10:30      Session 1: Bank Regulation and Financial Policies
Session chair:  Henrik Borchgrevink (Norges Bank)

Fire-Sale Risk and Credit

Authors(s): Dion Bongaerts (Erasmus University RSM), Francesco Mazzola (Erasmus University RSM), and Wolf Wagner (Erasmus University RSM, CEPR)

Discussant: Vahid Saadi (IE University)

The Carrot and the Stick:  Bank Bailouts and the Disciplining Role of Board Appointments

Authors(s): Christian Mücke (Goethe Universität Frankfurt, GSEFM, SAFE), Loriana Pelizzon (Goethe Universität Frankfurt, SAFE, Ca’ Foscari University of Venice, CEPR), Vincenzo Pezone (Tilburg University), and Anjan Thakor (Washington University St. Louis, ECGI, FTG, MIT LFE)

Discussant: Diana Bonfim (Banco de Portugal, Católica Lisbon School of Business and Economics)


10:30 – 11:00      Coffee break


11:00 – 12:30      Session 2: Financial Implications of Climate Change 
Session chair:  Kasper Roszbach (Norges Bank)

Green Capital Requirements

Authors(s): Martin Oehmke (London School of Economics, CEPR) and Marcus Opp (Stockholm School of Economics, CEPR)

Discussant: David Martinez-Miera (Universidad Carlos III Madrid)

When Green Meets Green

Authors(s): Hans Degryse (KU Leuven, CEPR), Roman Goncharenko (KU Leuven), Carola Theunisz (KU Leuven), and Tamas Vadasz (KU Leuven)

Discussant: Ralph de Haas (European Bank for Reconstruction and Development, Tilburg University)


12:30 – 13:30      Lunch break


13:30 – 15:00      Session 3: Financial Intermediation with Fintech Companies
Session chair:  Carola Müller (CEMLA, IWH)

The Value of “New” and “Old” Intermediation in Online Debt Crowdfunding

Authors(s): Fabio Braggion (Tilburg University, CEPR, ECGI), Alberto Manconi (Bocconi University, CEPR), Nicola Pavanini (Tilburg University, CEPR), and Haikun Zhu (ESE Rotterdam)

Discussant: Sebastian Doerr (Bank for International Settlements)

Fintech Lending and Cashless Payments

Authors(s): Pulak Ghosh (Indian Institute of Management), Boris Vallee (Havard Business School), and Yao Zeng (Wharton)

Discussant: Tobias Berg (Frankfurt School of Finance & Management)


15:00 – 16:30      Poster Session with Coffee Break
Session chair:  Jin Cao (Norges Bank)

Population Aging and Bank Risk-Taking

Authors(s): Sebastian Doerr (BIS), Gazi Kabas (University of Zurich), and Steven Ongena (UZH, CEPR)

Broadband and Bank Intermediation

Authors(s): Angelo D’Andrea (Bocconi University), Marco Pelosi (LSE, Bank of Italy), and Enrico Sette (Bank of Italy)

Intraday Liquidity and Money Market Dislocations

Authors(s): Quentin Vandeweyer (University of Chicago), Adrien d’Avernas (Stockholm School of Economics)

When Monetary Policy Reverses: The Case of Interest-On-Excess-Reserves (IOER)

Authors(s): Irem Erten (Warwick Business School)


16:30 – 18:00      Session 4: Bank Lending Relationships
Session chair:  Karolis Liaudinskas (Norges Bank)

Ownership Concentration and Performance of Deteriorating Syndicated Loans

Authors(s): Mariassunta Giannetti (Stockholm School of Economics, CEPR, ECGI) and Ralf R. Meisenzahl (Federal Reserve Bank of Chicago)

Discussant: Kristian Blickle (Federal Reserve Bank of New York)


Authors(s): Miguel Faria-e-Castro (Federal Reserve Bank of St. Louis), Pascal Paul (Federal Reserve Bank of San Francisco), and Juan M. Sánchez (Federal Reserve Bank of St. Louis)

Discussant: Tim Eisert (Erasmus School of Economics, CEPR)


20:00                      Conference Dinner


Day 2 - 19 Nov, Oslo, 8:30 - 13:30 (CET)


08:30                   On-site registration opens


09:00 – 10:00      Keynote Address by Hyun Song Shin (Bank for International Settlements and CEPR): Overcoming “Original Sin” to Secure Policy Space
Session chair: Kasper Roszbach (Norges Bank)


10:00 – 11:30      Session 5: Financial Cycles and Crisis
Session chair: Francesco Furlanetto (Norges Bank)

Credit Allocation and Macroeconomic Fluctuations

Authors(s): Karsten Müller (National University of Singapore Business School) and Emil Verner (MIT Sloan School of Management)

Discussant: Frank Westermann (Universität Osnabrück)

Nonbank Lenders as Global Shock Absorbers: Evidence from US Monetary Policy Spillovers

Authors(s): David Elliott (Bank of England, Imperial College London), Ralf R. Meisenzahl (Federal Reserve Bank of Chicago), and José-Luis Peydró (Imperial College London, ICREA, CREI, CEPR)
Discussant: Stefan Avdjiev (Bank for International Settlements)


11:30 – 12:00      Coffee break


12:00 – 13:30      Session 6: COVID-19 Crisis and Financial Stability
Session chair: Sigurd Galaasen (Norges Bank)

The Visible Hand when Revenues Stop: Evidence from Loan and Stock Markets during Covid19

Authors(s): Francois Koulischer (University of Luxembourg), Diane Pierret (University of Luxembourg), and Roberto Steri (University of Luxembourg)

Discussant: Enrico Sette (Bank of Italy)

COVID-19 and Public Credit Guarantees: How Big of a Parachute is Needed?

Authors(s): Cecilia Dasatti (Banco Central del Uruguay), Rodrigo Lluberas (Universidad ORT, Banco Central del Uruguay), Jorge Ponce (Banco Central del Uruguay), and José-Luis Peydró (Imperial College London, ICREA, CREI, CEPR)

Discussant: Camelia Minoiu (Federal Reserve Board)


13:30 – 13:35       Closing Remarks, Kasper Roszbach (Norges Bank)


Local organizing committee: Jin Cao, Carola Müller, and Kasper Roszbach

Published 5 July 2021 22:22

Scientific Committee

  • Toni Ahnert (Bank of Canada and CEPR)
  • Tobias Berg (Frankfurt School of Finance & Management)
  • Matthieu Bouvard (Toulouse School of Economics)
  • Valentina Bruno (American University Kogod School of Business and CEPR)
  • Scott Frame (Federal Reserve Bank of Dallas)
  • Fulvia Fringuellotti (Federal Reserve Bank of New York)
  • Zuzana Fungacova (BOFIT, Bank of Finland)
  • Andreas Fuster (EPFL, Swiss Finance Institute, and CEPR)
  • Kilian Huber (Chicago Booth School of Business and CEPR)
  • Vasso Ioannidou (Cass Business School and CEPR)
  • Lars Norden (FGV EBAPE)
  • Felix Noth (IWH Halle and Otto-von-Guericke University of Magdeburg)
  • Andrea Polo (LUISS, Universitat Pompeu Fabra, EIEF, and CEPR)
  • Raluca Roman (Federal Researve Bank of Philadelphia)
  • Vahid Saadi (IE Business School)
  • Farzad Saidi (University of Bonn and CEPR)
  • Enrico Sette (Banca d’Italia)
  • Judit Temesvary (Federal Reserve Board of Governors)
Published 5 July 2021 22:22