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Session 1: Financial Regulation

June 25 - 27, 2018

Organized by:

  • Amit Seru, Stanford Graduate School of Business
  • Gregor Matvos, University of Texas at Austin

This session will discuss the latest advances in theoretical and empirical issues related to financial regulation. Topics will include, but will not be limited to, connections of regulation for intermediaries, households and policymakers in the U.S. and outside the U.S.

In this Session

Jun 25 | 11:15 am to 12:00 pm

No Job, No Money, No Refi: Frictions to Refinancing in a Recession

Presented by: Anthony DeFusco (Northwestern University)
Co-Author(s): John Mondragon (Northwestern University)
Jun 25 | 12:15 pm to 1:00 pm

Perception of House Price Risk and Homeownership

Presented by: Manuel Adelino (Duke University)
Co-Author(s): Antoinette Schoar (MIT); Felipe Severino, (Dartmouth University)
Jun 25 | 2:30 pm to 3:15 pm

Housing Wealth Effects: The Long View

Presented by: Adam Guren (Boston University)
Co-Author(s): Alisdair McKay (Boston University); Emi Nakamura (Columbia University); Jon Steinson (Columbia University)
Jun 25 | 3:30 pm to 4:15 pm

The Effect of Debt on Default and Consumption: Evidence from Housing Policy in the Great Recession

Presented by: Pascal Noel (University of Chicago)
Co-Author(s): Peter Ganong (University of Chicago)
Jun 26 | 9:00 am to 9:45 am

Government Guarantees and the Valuation of American Banks

Presented by: Andrea Esifeldt (University of California, Los Angeles)
Co-Author(s):  Andrew Atkeson, Pierre-Olivier Weill (University of California, Los Angeles); Adrien d'Avernas (Stockholm School of Economics); Find paper at this link: http://www.adriendavernas.com/papers/valuationofbanks.pdf
Jun 26 | 10:00 am to 10:45 am

Balance Sheet and Shadow banks

Presented by: Greg Buchak (University of Chicago)
Co-Author(s): Gregor Matvos (University of Texas, Austin); Amit Seru (Stanford Graduate School of Business); Tomasz Piskorski (Columbia University)
Jun 26 | 11:15 am to 12:00 pm

Do Banks have an Edge?

Presented by: Juliane Begenau (Stanford Graduate School of Business)
Co-Author(s): Erik Stafford (Harvard University)
Jun 26 | 12:15 pm to 1:00 pm

The Effects of Competition: Evidence from Consumer Credit Markets

Presented by: Rodney Ramcharan (University of Southern California)
Co-Author(s): Stefan Gissler (Federal Reserve Bank); Edison Yu (Federal Reserve Bank of Philadelphia)
Jun 26 | 2:30 pm to 3:15 pm

Inspecting the Mechanism of Quantitative Easing in the Euro Area

Presented by: Motohiro Yogo (Princeton University)
Co-Author(s): Ralph Koijen (New York University )Find paper at this link: https://ssrn.com/abstract=2836353
Jun 26 | 3:30 pm to 4:15 pm

Leverage-Induced Fire Sales and Stock Market Crashes

Presented by: Zhiguo He (University of Chicago)
Co-Author(s): Jiangze Bian (University of International Business and Economics); Kelly Shue (Yale University); Hao Zhou (Tsinghua University)
Jun 27 | 9:00 am to 9:45 am

Predictably Unequal? The Effects of Machine Learning on Credit Markets

Presented by: Andreas Fuster (Swiss National Bank)
Co-Author(s): Paul Goldsmith-Pinkham (Harvard University); Tarun Ramadorai (Imperial College of London); Ansgar Walther (University of Warwick)
Jun 27 | 10:00 am to 10:45 am

Measuring Bias in Lending

Presented by: Will Dobbie (Princeton University)
Co-Author(s): Andres Liberman (New York University); Daniel Paravisini (London School of Economics); Vikram Pathania (University of Sussex)
Jun 27 | 11:15 am to 12:00 pm

The Capitalization of Consumer Financing into Durable Goods Prices

Presented by: Christopher Palmer (MIT)
Co-Author(s): Bronson Argyle (Brigham Young University); Taylor Nadauld (Brigham Young University); Ryan Pratt (Brigham Young University)
Jun 27 | 12:15 pm to 1:00 pm

Take-Up, Drop-Out, and Spending in ACA Marketplaces

Presented by: Timothy McQuade (Stanford University)
Co-Author(s): Rebecca Diamond, Petra Persson (Stanford University); Michael Dickstein (New York University) (