2021 Conference Details
The Fifteenth New York Fed/NYU Stern Conference on Financial Intermediation
June 10-11, 2021
An online conference jointly sponsored by the Federal Reserve Bank of New York
and the Salomon Center of NYU Stern School of Business
Registration Link
PROGRAM
Thursday, June 10
Theory Session
Chair: Philipp Schnabl, NYU Stern
12:00 p.m. Taming a Minsky Cycle
Emmanuel Farhi, Harvard University
Iván Werning, MIT
Discussant: Nina Boyarchenko, FRB of New York
12:40 p.m. Let the Worst One Fail: A Credible Solution to the
Too-Big-To-Fail Conundrum
Thomas Philippon, NYU Stern
Olivier Wang, NYU Stern
Discussant: Jason Roderick Donaldson, Olin Business School,
WUSTL
1:20 p.m. Break
Lending Channel Session
Chair: Anna Kovner, Federal Reserve Bank of New York
1:30 p.m. Monetary Transmission through Bank Balance
Sheet Synergies
William Diamond, Wharton
Zhengyang Jiang, Northwestern Kellogg
Yiming Ma, Columbia Business School
Discussant: Mark Egan, Harvard Business School
2:10 p.m. Can the Federal Reserve Effectively Target Main
Street? Evidence from the 1970's Recession
John Kandrac, Federal Reserve Board
Discussant: Gary Richardson, UC Irvine
2:50 p.m. Break
Lightning Rounds, Section I
3:00 p.m. Bad News Bankers: Underwriter Reputation and
Contagion in Pre-1914 Sovereign Debt Markets
Sasha Indarte, Wharton
3:20 p.m. Private Credit Under Political Influence: Evidence
from France
Anne-Laure Delatte, Dauphine University
Adrien Matray, Princeton University
Noemie Pinardon Touati, HEC Paris
3:40 p.m. Unearthing Zombies
Nirupama Kulkarni, CAFRAL (promoted by RBI)
S. K. Ritadhi, Ashoka University
Siddharth Vij, Terry College of Business,
University of Georgia
Katherine Waldock, Columbia Law School
End of Day One (4:00 p.m.)
Friday, June 11
Financial Response to Crisis Session
Chair: Simone Lenzu, NYU Stern
12:00 p.m Indirect Costs of Government Aid and Intermediary
Supply Effects: Lessons From the Paycheck Protection
Program
Tetyana Balyuk, Goizueta iness School, Emory University
Nagpurnanand Prabhala, Carey Business School, JHU
Manju Puri, Duke Fuqua
Discussant: Joao Granja, Chicago Booth
12:40 p.m. Who Supplies PPP Loans (and Does It Matter)? Banks,
Relationships, and the Covid Crisis
Lei Li, Federal Reserve Board
Phil Strahan, Carroll School of Management,
Boston College
Discussant: James Vickery, Federal Reserve Bank
of Philadelphia
Household Finance & Discrimination Session
Chair: Kristian Blickle, Federal Reserve Bank of New York
1:30 p.m. How Costly Is Noise? Data and Disparities in
Consumer Credit
Laura Blattner, Stanford GSB
Scott Nelson, Chicago Booth
Discussant: Ansgar Walther, Imperial College London
2:10 p.m. In the Red: Overdrafts, Payday Loans and the
Underbanked
Marco Di Maggio, Harvard Business School
Angela Ma, Harvard Business School
Emily Williams, Harvard Business School
Discussant: Theresa Kuchler, NYU Stern
2:50 p.m. Break
Lightning Rounds, Section II
3:00 p.m. Pricing of Climate Risk Insurance: Regulatory Frictions
and Cross-Subsidies
Ishita Sen, Harvard Business School
Ana-Maria Tenekedijeva, Federal Reserve Board
3:20 p.m. Bank Liquidity Provision Across the Firm Size Distribution
Gabriel Chodorow-Reich, Harvard University
Olivier Darmouni, Columbia Business School
Stephan Luck, Federal Reserve Bank of New York
Matthew Plosser, Federal Reserve Bank of New York
3:40 p.m. The Effect of Principal Reduction on Household Distress:
Evidence from Mortgage Cramdowns
Jacelly Cespedes, Carlson School of Management,
University of Minnesota
Carlos Parra, PUC-Chile
Clemens Sialm, McCombs School of Business, UT Austin
4:00 p.m Closing Remarks
CONFERENCE ORGANIZERS
Anna Kovner, Federal Reserve Bank of New York
Kristian Blickle, Federal Reserve Bank of New York
Philipp Schnabl, NYU Stern
Simone Lenzu, NYU Stern
PROGRAM COMMITTEE
Florian Heider, European Central Bank
Fritzi Niepmann, Board of Governors
Giorgia Piacentino, Columbia Business School
Greg Udell, Indiana Kelly
Isil Erel, OSU Fisher
Itay Goldstein, Wharton
James Vickery, Federal Reserve Bank of Philadelphia
João Santos, Federal Reserve Bank of New York
José-Luis Peydro, Imperial College London
Kairong Xiao, Columbia Business School
Lamont Black, DePaul Driehaus
Laura Blattner, Stanford GSB
Linda Goldberg, Federal Reserve Bank of New York
Manuel Adelino, Duke Fuqua
Margarita Tsoutsoura, Cornell
Johnson Martin Oehmke, LSE
Martin Schmalz, Oxford University
Matteo Crosignani, Federal Reserve Bank of New York
Matthew Baron, Cornell Johnson
Mitchell Berlin, Federal Reserve Bank of Philadelphia
Neeltje van Horen, Bank of England
Phil Strahan, Carroll School of Management, Boston College
Ricardo Correa, Board of Governors
Sam Hanson, Harvard Business School
Sascha Steffen, Frankfurt School of Finance & Management
Steven Ongena, University of Zurich
Tanju Yorulmazer, Koç University
Thomas Mertens, Federal Reserve Bank of San Francisco
Tobias Berg, Frankfurt School of Finance & Management
Victoria Ivashina, Harvard Business School
Yiming Ma, Columbia Business School