Workshop on Financial Intermediation and Corporate Debt Markets 2023

Finance Group | Workshop on Financial Intermediation and Corporate Debt Markets 2023

Workshop on Financial Intermediation and Corporate Debt Markets 2023

March 23-24, 2023 at Deutsche Bundesbank in Frankfurt / Main

Organisers: Max Bruche (Humboldt University) and Philipp König (Deutsche Bundesbank)

This workshop, jointly organized by Humboldt University Berlin and the Research Centre of Deutsche Bundesbank, brings together research from the areas of corporate finance, banking and financial intermediation in order to foster exchange about important topical issues in these areas both from a theoretical and an empirical perspective.

Programme

DAY 1: Thursday, March 23

13:50 - 14:00	Introductory Remarks
	*Session 1. Large Banks and Bank Concentration* *Chair: Max Bruche, Humboldt University Berlin*
14:00 - 15:00	Survival of the Biggest: Large Banks and Crises since 1870 (by Baron, Schularick, Zimmermann) Presenter: Kaspar Zimmermann, SAFE Discussant: Daniel Streitz, IWH Halle
15:00 - 16:00	Market Concentration in Fintech (by Corbae, d’Erasmo, Liu) Presenter: Pablo d’Erasmo, Federal Reserve Bank of Philadelphia Discussant: Melissa Prado, Nova SBE
16:00 – 16:30	Coffee break
	Session 2. Government Intervention in Debt Markets Chair: Max Bruche, Humboldt University Berlin
16:30 - 17:30	Decomposing Employment Effects of a Government Support Program: Hires, Exits and Reallocation (by Bonfim, Custodia, Raposo) Presenter: Diana Bonfim, Banco de Portugal Discussant: Björn Imbierowicz, Deutsche Bundesbank
17:30 - 18:30	The effects of loan guarantee coverage on credit additionality: evidence from a Covid-19 public support program (by Cascarino, Palazzo, Sette, Gallo) Presenter: Francesco Palazzo, Banca d’Italia Discussant: Diogo Mendes, Stockholm School of Economics

DAY 2: Friday, March 24

	*Session 3. Central Bank Interventions in Markets* *Chair: Philipp König, Deutsche Bundesbank*
08:30 - 09:30	Do non-banks need access to the lender-of-last-resort? (by Breckenfelder, Hoerova) Presenter: Marie Hoerova, ECB Discussant: Yigitcan Karabulut, Frankfurt School of Finance & Management
09:30 - 10:30	Whatever it takes? Market-maker-of-last-resort and its fragility (by Choi, Yorulmazer) Presenter: Tanju Yorulmazer, Koç University Discussant: Natalya Martynova, Deutsche Bundesbank
10:30 - 11:00	Coffee break
	*Session 4. New Currencies* *Chair: Philipp König, Deutsche Bundesbank*
11:00 - 12:00	Jumpstarting an International Currency (by Bahaj, Reis) Presenter: Saleem Bahaj, University College London Discussant: Egemen Eren, BIS
12:00 - 13:00	Can Stablecoins be Stable? (by d’Avernas, Maurin, Vandeweyer) Presenter: Adrien d’Avernas, Stockholm School of Economics Discussant: Toni Ahnert, ECB

Humboldt-Universität zu Berlin - Finance Group