The Reverse Revolving Door in the Supervision of European Banks

Stefano Colonnello^1,2, Michael Koetter^2,3, Alex Sclip⁴, Konstantin Wagner²

¹Ca' Foscari University of Venice, Italy; ²Halle Institute for Economic Research, Germany; ³Otto-von-Guericke University Magdeburg; ⁴University of Verona

Discussant: Mikhail Mamonov (Toulouse Business School)

The Political Economy of Financial Regulation

Rainer Haselmann¹, Arkodipta Sarkar², Shikhar Singla³, Vikrant Vig³

¹Goethe University Frankfurt; ²National University of Singapore; ³Stanford University

Discussant: Orkun Saka (City, University of London)

The Value of Private Meetings with Central Bankers

Rainer Haselmann¹, Maik Schmeling¹, Sebastian Schreiber¹, Michael Weber²

¹Goethe University Frankfurt, Germany; ²Chicago Booth

Discussant: Franco Fiordelisi (University of Essex)

Failing Banks

Sergio Correia¹, Stephan Luck², Emil Verner³

¹Board of Governors of the Federal Reserve System; ²Federal Reserve Bank of New York; ³MIT

Discussant: Kasper Zimmermann (Frankfurt School of Finance & Management)

Monetary Transmission through Bank Securities Portfolios

Daniel Greenwald¹, John Krainer², Pascal Paul³

¹New York University; ²Board of Governors of the Federal Reserve; ³Federal Reserve Bank of San Francisco

Discussant: Filippo De Marco (Bocconi University)

The Secular Decline in Interest Rates and the Rise of Shadow Banks

Andres Pablo Sarto, Olivier Wang

New York University

Discussant: Dmitry Kuvshinov (Universitat Pompeu Fabra)

Specialization in Banking

Kristian Blickle², Cecilia Parlatore¹, Anthony Saunders¹

¹New York University; ²Federal Reserve Bank of New York

Discussant: John Sedunov (Villanova University)

Banking on Deposit Relationships: Implications for Hold-Up Problems in the Loan Market

Jin Cao^1,2, Emilia Garcia-Appendini^1,3, Cédric Huylebroek^1,4

¹Norges Bank; ²CESifo; ³University of Zurich; ⁴KU Leuven

Discussant: Hugh Hoikwang Kim (University of South Carolina)

Do Bank Branches Matter? Evidence From Mandatory Branch Closings

Sergio Vicente¹, Alfredo Martin-Oliver², Anna Toldra-Simats³, Jose-Luis Peydro⁴, Gabriel Jimenez⁵

¹University of Luxembourg; ²Universitat de les Illes Balears; ³Universidad Carlos III de Madrid; ⁴Imperial College London; ⁵Banco de España

Discussant: Lars Norden (Getulio Vargas Foundation)

Debt Flexibility

Rhys Bidder¹, Nicolas Crouzet², Margaret Jacobson³, Michael Siemer³

¹King's College London; ²Northwestern University; ³Federal Reserve Board of Governors

Discussant: Tomislav Ladika (University of Amsterdam)

Strategic Default and Renegotiation: Evidence from Commercial Real Estate Loans

Serdar Dinc¹, Erkan Yonder²

¹Rutgers University; ²Concordia University

Discussant: Dong Beom Choi (Seoul National University)

Corporate Debt, Boom-Bust Cycles, and Financial Crises

Victoria Ivashina¹, Sebnem Kalemli-Özcan², Luc Laeven³, Karsten Mueller⁴

¹Harvard University; ²University of Maryland; ³European Central Bank; ⁴National University of Singapore

Discussant: Tanju Yorulmazer (Koc University)

Keeping Up With The Blackstones: Institutional Investors And Gentrification

Neroli Joy Austin

University of Michigan, United States of America

Discussant: Jamie Coen (Imperial College London)

Minority Specialized Lenders

Erica Jiang², Gregor Matvos¹, Amit Seru³, Lulu Wang¹

¹Northwestern University; ²University of Southern California; ³Stanford GSB

Discussant: Kim Fe Cramer (LSE)

Leverage Regulation and Housing Inequality

Jens Kvaerner¹, Nicola Pavanini², Yushi Peng¹

¹Tilburg University; ²Tilburg University and CEPR

Discussant: Clara Martínez-Toledano (Imperial College)

Army of Mortgagors: Long-Run Evidence on Credit Externalities and the Housing Market

Tobias Herbst¹, Moritz Kuhn², Farzad Saidi¹

¹University of Bonn, Germany; ²University of Mannheim, Germany

Discussant: Konstantin Milbradt (Northwestern University)

Housing Speculation, GSEs, and Credit Market Spillovers

Natee Amornsiripanitch¹, Philip Strahan², Song Zhang³, Xiang Zheng⁴

¹Federal Reserve Bank of Philadelphia, United States of America; ²Boston College; ³University of Delaware; ⁴University of Connecticut

Discussant: Pierre Mabille (INSEAD)

Spatially Targeted LTV Policies and Collateral Values

Chun-Che Chi¹, Cameron LaPoint², Ming-Jen Lin³

¹Academia Sinica, Department of Economics; ²Yale School of Management; ³National Taiwan University, Department of Economics

Discussant: Jin Cao (Norges Bank)

Sophisticated and Unsophisticated Runs

Marco Cipriani, Gabriele La Spada

Federal Reserve Bank of New York, United States of America

Discussant: Kebin Ma (Warwick Business School)

Corporate Runs and Credit Reallocation

Filippo De Marco¹, Elena Carletti¹, Vasso Ioannidou², Enrico Sette³

¹Bocconi University, Italy; ²Bayes Business School, UK; ³Bank of Italy, Italy

Discussant: Reint Gropp (Halle Institute for Economic Research (IWH))

The Making of an Alert Depositor: How Payment and Interest Drive Deposit Dynamics

Xu Lu¹, Yang Song², Yao Zeng³

¹University of Washington, United States of America; ²University of Washington, United States of America; ³University of Pennsylvania, United States of America

Discussant: Christoph Schiller (Arizona State University)

Fund Flows and Income Risk of Fund Managers

Xiao Cen¹, Winston Wei Dou², Leonid Kogan³, Wei Wu¹

¹Texas A&M University, United States of America; ²University of Pennsylvania (Wharton) and NBER; ³MIT (Sloan) and NBER

Discussant: Alberto Manconi (Bocconi University)

Mutual Fund Clientele and Fund Flows

Daniel Fricke, Stephan Jank, Hannes Wilke

Deutsche Bundesbank, Germany

Discussant: Christian Kubitza (European Central Bank)

Intermediary Balance Sheet Constraints, Bond Mutual Funds’ Strategies, and Bond Returns

Mariassunta Giannetti², Chotibhak Jotikasthira¹, Andreas Rapp³, Martin Waibel²

¹SMU - Cox School of Business; ²Stockholm School of Economics; ³Federal Reserve Board of Governors

Discussant: Karamfil Todorov (BIS (Bank for International Settlements))