Conference cosponsored by the Central Bank of Brazil, the Bank of Finland, the Federal Reserve Bank of Atlanta's Center for Financial Innovation and Stability, and the Journal of Financial Stability.
Sâo Paulo, Brazil
August 11-12, 2010
Agenda
The papers and presentations are available on the Central Bank of Brazil's website at www.bcb.gov.br/?EVEFINCRISIS2008.
| Wednesday, August 11 | |
| Opening Remarks Benjamin M. Tabak, Banco Central do Brasil Gerald P. Dwyer Jr., Federal Reserve Bank of Atlanta Jouko Vilmunen, Bank of Finland |
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| Session 1 Chair and Discussant Jonathan Williams, Bangor University Peer Monitoring or Contagion? Interbank Market Exposure and Bank Risk Iman van Lelyveld, Netherlands Bank Regulatory Capital Charges for Too-Connected-to-Fail Institutions: A Practical Proposal Jorge A. Chan Lau, International Monetary Fund |
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| Session 2 Chair and Discussant Robert Krainer, Wisconsin School of Business The Global Financial Crisis: Explaining Cross-Country Differences in the Output Impact Gaston Gelos, International Monetary Fund Lessons and Policy Implications from the Global Financial Crisis Deniz Orge Igan, International Monetary Fund |
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| Lecture Systemic Risk Regulation Lecturer: Mark Carey, Federal Reserve Board |
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| Session 3 Chair and Discussant Emanuel Werner Kohlscheen, Banco Central do Brasil Liquidity Hoarding and Interbank Market Spreads: The Role of Counterparty Risk Florian Heider, European Central Bank Analyzing Interconnectivity among Economies Pak Wing Fong, Hong Kong Monetary Authority |
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| Session 4 Chair and Discussant Rafael Chaves Santos, Banco Central do Brasil Consumption, Credit Restrictions and Financial Stability: A DSGE Approach Santiago Caicedo, Banco Central de la Repubica de Colombia Household Response to the Economic Crisis and Aggregate Consumption Petr Jakubik, European Central Bank |
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| Thursday, August 12 | |
| Session 5 Chair and Discussant Rafael Lopes Rogo, Banco Central do Brasil Uninvited U.S. investors? Economic Consequences of Involuntary Cross-listings Darius Miller, Southern Methodist University Credit Risk Transfer and the Default Risk of Large Complex Financial Institutions Giovanni Calice, University of Southampton |
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| Session 6 Chair and Discussant Jose Valentim M. Vincente, Banco Central do Brasil Risk, Uncertainty and Monetary Policy Marie Hoerova, European Central Bank Interest Rates and Default in Unsecured Loan Markets Jose Angelo Divino, Universidade Catolica de Brasilia |
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| Session 7 Chair and Discussant Solange Nunes de Gouvea, Banco Central do Brasil What Are the Limits on Commercial Bank Lending? Jacky Mallett, Icelandic Institute for Intelligent Machines Banking Concentration, Profitability and Systemic Risk: An Indirect Contagion Approach Leonardo Soriano de Alencar, Banco Central do Brasil |
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| Session 8 Chair and Discussant Boris Vujcic, Central Bank of Croatia Macro Stress Testing of Credit Risk Focused on the Tails Ricardo Schechtman, Banco Central do Brasil Easing Reserve Requirements, Bank Lending and Financial Stability in Brazil Paulo Evandro Dawid, Banco Central do Brasil |
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| Closing Remarks | |