14th Annual Research Workshop - Bridging capital and growth - the role of financial structures and intermediaries

Session 1: The Impact of Global Capital Flows on Market Efficiency and the Role of Financial Intermediation

Chair: Kamil Liberadzki (EBA, EU)

Swap Line Arbitrage – Pēteris Kloks (University of St. Gallen, CH)

Discussant: Petros Migiakis (Bank of Greece, GR)

Real Domestic Effects of Bank Cross-Border Lending –  Beniamino Pisicoli (University of Padua, IT), Paolo Siciliani (Bank of England, UK), Usama Polani (Bank of England, UK)

Discussant: Bryan Hardy (Bank of International Settlements, CH)

The Dark (and Bright?) Side of Shadow Banking: Evidence on Bank Stability and Market Power –  Pedro J. Cuadros-Solas (CUNEF University, ES) , Carlos Salvador (University of Valencia, ES), Nuria Suárez (Autonomous University of Madrid, ES)

Discussant: Despo Malikkidou (EBA, EU)

Session 2: Advances in Digital Finance Initiatives and Better Alignment with Regulation and Policies

Chair: Dirk Haubrich (EBA, EU)

Data as Collateral: Open Banking for Small Business Lending – Tong Yu (Tsinghua University, CN)

Discussant: Cyril Pouvelle (Bank of France, FR)

The Effects of Open Banking on Fintech Firms’ Dynamics and Funding Structure – Alonso-Robisco, A. (Bank of Spain, ES),  Jose Manuel Carbó (Bank of Spain, ES) , Cuadros-Solas P.J. (CUNEF university, ES), Quintanero, J. (Bank of Spain, ES)

Discussant: Tamas Vadasz (KU Leuven, BE)

The Interoperability of Financial Data – Tarik Roukny (KU Leuven, BE), Elif Cansu Akoguz (KU Leuven, BE) , Tamas Vadasz (KU Leuven, BE) 

Discussant: Tiago Pinheiro (Bank of Portugal, PT)

Session 3: Provision of Mechanisms for Managing Risk and Contribution from Regulatory Frameworks on the Functioning and Stability of Financial Intermediaries

Chair: Olli Castren (EBA, EU)

CBDC and Bank Capital Regulation  – Lorenzo Burlon (European Central Bank, EU), Leonardo Gambacorta (Bank of International Settlements, CH and Centre for Economic Policy Research, UK), Manuel A. Muñoz (Bank of England, UK) , Frank Smets (Bank of International Settlements, CH and Ghent University, BE)

Discussant: Daniel Rabetti (Harvard Business School, US)

Foreign-Borne Interest Rate Risk – Rashad Ahmed (Andersen Institute for Finance and Economics, US)

Discussant: Eric Vansteenberghe (Bank of France, FR)

Short-Circuiting Short-Term Funding – Neth Karunamuni (US Department of the Treasury Office of Financial Research, US), R. Jay Kahn (Federal Reserve Board of Governors, US) , Mark Paddrik (US Department of the Treasury Office of Financial Research, US)

Discussant: Jorge Bravo (NOVA University of Lisbon, PT)

Chair: José Manuel Campa (Chairperson of the EBA, EU)

Sam Woods (Deputy Governor of the Prudential Regulation Authority, UK)

Lorenzo Bini Smaghi (Chairman of the Board of Directors, Société Générale, FR)

Sabine Mauderer (First Deputy Governor of the Deutsche Bundesbank, DE)

Session 4: Access to Finance by Entrepreneurs Ensuring that Capital is Used in the Most Productive Ways

Chair: Samuel Da-Rocha-Lopes (EBA, EU)

The Supply Chain Spillover of Private Equity Buyouts – Olivier De Jonghe (European Central Bank, EU, National Bank of Belgium, BE and Tilburg University, NL),  Cédric Huylebroek (KU Leuven, BE and Research Foundation Flanders, BE)

Discussant: Mohammed Ahnouch (Paris 1 Panthéon Sorbonne)

The Aggregate Costs of Uninsurable Business Risk – Corina Boar (New York University, US and National Bureau of Economic Research, US), Denis Gorea (Bank for International Settlements, CH) , Virgiliu Midrigan (New York University, US and National Bureau of Economic Research, US)

Discussant: Olli Castren (EBA, EU)

Session 5: Incorporation of Environmental, Social, and Governance (ESG) Supporting Sustainable Development and Growth

Chair: Dorota Wojnar (EBA, EU)

Mind the Gap: Gender Discrimination in Loan Pricing Around the World – Christoph Domnick (University of Münster, DE), Nadja Guenster (University of Münster, DE) , Stefanie Kleimeier (Maastricht University, NL)

Discussant: Angela Gallo (Bayes Business School, UK)

Green versus Conventional Bonds during Market Stress: Threats to Financial Stability? – Pawel Kliber (Poznan University of Economics and Business, PL), Ewa Dziwok (University of Economics in Katowice, PL) , Niklas F. Wagner (University of Passau, DE)

Discussant: Aida Cehajic (Technical University of Munich, DE)

Session 5: (continuation)

The Role of Biodiversity Risk in Shaping Bank Lending Decisions – Karoline Bax (Technical University of Munich, DE), Aida Cehajic (Technical University of Munich, DE)

Discussant: Michele Graziano (EBA, EU)

Information about Climate Transition Risk and Bank Lending – Bhavyaa Sharma (Goethe University, DE)

Discussant: Oana Maria Georgescu (European Central Bank, EU)

Keynote Speech

Claudia Buch (Chair of the ECB Supervisory Board, EU)