Program
Monday 10th September 2018
| 8:30 – 9:00 | Registration |
| 9:00 – 9:10 | Opening Remarks |
| 9:10 – 10:55 | Session 1: Fintech and financial markets |
| Chair | Barbara CASU (Cass Business School) |
| The Law of One Bitcoin Price?
Alexander KROEGER (Federal Reserve Bank of New York) and Asani SARKAR (Federal Reserve Bank of New York) |
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| Discussant | Ian MARSH (Cass Business School) |
| The economics of distributed ledger technology for securities settlement
Evangelos Benos (Bank of England), Rodney Garratt (University of California Santa Barbara), Pedro Gurrola-Perez (Bank of England) |
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| Discussant | Michael KING (Ivey Business School) |
| Can Technology Undermine Macroprudential Regulation? Evidence from Peer-to-Peer Credit in China
Fabio BRAGGION (Tilburg University, CentER), Alberto MANCONI (Bocconi University), Haikun ZHU (Tilburg University, CentER) |
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| Discussant | Rhiannon SOWERBUTTS (Bank of England) |
| 10:55 – 11:15 | Coffee break |
| 11:15 – 13:00 | Session 2: Fintech and retail banking |
| Chair |
THORSTEN BECK (CASS Business School) |
| Fund What You Trust? Social Capital and Moral Hazard in Crowdfunding
Tse-Chun LIN (The University of Hong Kong) and Vesa PURSIAINEN (The University of Hong Kong) |
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| Discussant | Louis NGUYEN (King’s College London) |
| How Do Bank Customers Go Digital? A Random Forest Approach
Santiago CARBÓ-VALVERDE (CUNEF, Bangor University and Funca), Pedro J. CUADROS SOLAS (CUNEF and Funcas) and Francisco RODRIGUEZ-FERNANDEZ (University of Granada and Funcas) |
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| Discussant | Paola BONGINI (Università di Milano-Bicocca) |
| How Do Banks Interact with Fintechs? Forms of Strategic Alliance and Their Economic Impact
Milan F. KLUS (University of Münster), Todor S. LOHWASSER (University of Münster), Lars HORNUF (University of Bremen) and Armin SCHWIENBACHER (SKEMA Business School – Université Côte d’Azur) |
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| Discussant | Paul SCHURE (University of Victoria) |
| 13:00 – 14:00 | Lunch |
| 14:00 – 15:15 | Session 3: Keynote Address |
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Speaker |
Fintech and Financial Stability
Franklin ALLEN, Professor of Finance and Economics and Executive Director of the Brevan Howard Centre at Imperial College London |
| 15:15 – 15:45 | Coffee break |
| 15:45 – 17:30 | Session 4: Financial inclusion and the real economy |
| Chair | Paul SCHURE (University of Victoria) |
| The Real Effects of Bank Taxation
Dimitris K. CHRONOPOULOS (University of St Andrews), Anna L. SOBIECH (University of St Andrews) and John O.S. WILSON (University of St Andrews) |
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| Discussant | Willem Pieter DE GROEN (Centre for European Policy Studies and Euro-Med Economists Association) |
| Access to Credit and Labour Market Outcomes – Evidence from Credit Lotteries
Bernardus VAN DOORNIK (Banco Central do Brasil), Armando GOMES (Washington University in St. Louis), David SCHOENHERR (Princeton University), Janis SKRASTINS (Washington University in St. Louis) |
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| Discussant | Jagdish TRIPATHY (Bank of England) |
| What explains differences in financial inclusion? A cross-country analysis
Mais SHA’BAN (Essex Business School), Claudia GIRARDONE (Essex Business School) and Anna SARKISYAN (Essex Business School) |
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| Discussant | Maxwell TUULI (University of Victoria) |
| 18:30 – 22:00 | Evening Program at the Museum of London |
Tuesday 11th September 2018
| 9:00 – 10:45 | Session 5:Bank Liquidity |
| Chair | Francesc RODRIGUEZ-TOUS (Cass Business School) |
| Loan Insurance, Adverse Selection and Screening
Toni AHNERT (Bank of Canada) and Martin KUNCL (Bank of Canada) |
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| Discussant | Tamas VADASZ (KU Leuven) |
| Liquidity Management in Banking: the Role of Leverage Fabiana GOMEZ (Bristol University) and Quynh-Anh VO (Bank of England) |
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| Discussant | Toni AHNERT (Bank of Canada) |
| Bank Information Sharing and Liquidity Risk
Fabio CASTIGLIONESI (EBC; CentER; Tilburg University), Zhao LI (University of International Business and Economics) and Kebin MA (Warwick Business School) |
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| Discussant | Francesc RODRIGUEZ-TOUS (Cass Business School) |
| 10:45 – 11:15 | Coffee Break |
| 11:15- 13:00 | Session 6: Bank Regulation |
| Chair | Angela GALLO (Cass Business School) |
| The Impact of The Leverage Ratio on Client Clearing
Jonathan ACOSTA-SMITH (Bank of England), Gerardo Ferrara (Bank of England), Francesc RODRIGUEZ-TOUS (Cass Business School) |
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| Discussant | Alberto POZZOLO (Università degli Studi del Molise) |
| On the relationship between regulatory liquidity and bank lending in the euro area
Laura CHIARAMONTE (Università Cattolica, Milan) and Barbara CASU (Cass Business School |
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| Discussant | Emrah ARBAK (European Commission) |
| Debt holder monitoring and implicit guarantees: Did the BRRD improve market discipline?
Jannic Alexander CUTURA (Goethe University of Frankfurt) |
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| Discussant | John O.S. WILSON (University of St Andrews) |
| 13:00 – 14:00 | Lunch |
| 14:00 – 15:10 | Session 7: Business models and bank risks |
| Chair | Giovanni FERRI (LUMSA University, Rome) |
| Bank Business Models’ Migrations: what works for European Banks?
Rym AYADI (Cass Business School), Paola BONGINI (Università di Milano-Bicocca), Barbara CASU (Cass Business School), Doriana CUCINELLI (Università di Milano-Bicocca) |
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| Discussant | Marina CERNOV (European Banking Authority) |
| Shock diffusion in large regular networks: the role of transitive cycles
N. NAVARRO (Université de Bordeaux) and H. Dan TRAN (Université de Bordeaux) |
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| Discussant | Barry QUINN (Queen’s University) |
| 15.10 – 15.30 | Coffee Break |
| 15:30 – 17:00 | Session 7: Public Panel Discussion |
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Moderator |
“Financial stability implications of fintech and financial innovations and regulatory challenges in diverse financial systems?”
Rym AYADI (Cass Business School) |
| Panelists | Jason ALLEN, Humboldt-Universität zu Berlin Centre for British Studies, University of New South Wales Centre for Law Markets and Regulation
Adrian BLUNDELL-WIGNALL, Adjunct Professor at the University of Sydney (School of Economics) Cordelia KAFETZ, Head of Fintech Hub at Bank of England Michael KING, Co-Director of the Scotiabank Digital Banking Lab, Ivey Business School Slavka ELEY, Head of Banking Markets, Innovation and Products Unit, European Banking Authority (EBA) Ruth WANDHÖFER, Managing Director / Global Head of Regulatory & Market Strategy |
| 17:00 – 17:30 | Closing Speech |
| Speaker | Adrian BLUNDELL-WIGNALL, Special Advisor to the OECD Secretary-General on Financial and Enterprise Affairs |
| 17:30 | Closing Remarks |
| 17:30 – 18:30 | Drink Reception |