3rd CEMLA/Dallas Fed/IBEFA Financial Stability Workshop
The Center for Latin American Monetary Studies (CEMLA), the Federal Reserve Bank of Dallas and the International Banking, Economics and Finance Association (IBEFA) hosted the 3rd Financial Stability Workshop, held Nov. 25–26, 2024, at CEMLA’s offices in Mexico City.
Agenda
| Monday, November 25 | |
| Mexico City | |
| 8:30 a.m. | Coffee reception |
| 9:00 a.m. | Welcome remarks |
| Manuel Ramos Francia, CEMLA Enrique Martínez García, Federal Reserve Bank of Dallas | Presentation Lars Norden, Brazilian School of Public and Business Administration (EBAPE), Getulio Vargas Foundation (FGV), IBEFA |
|
| 9:15 a.m. | Session 1: Financial digitalization and banking supervision |
| Chair: Gerardo Hernández del Valle, CEMLA Beyond the bureau: Interoperable payment data for loan screening and monitoring Presenter: Kumar Rishabh, University of Lausanne, University of Basel Discussant: Lars Norden, Brazilian School of Public and Business Administration (EBAPE), Getulio Vargas Foundation (FGV), IBEFA The disciplining effect of bank supervision: Evidence from SupTech Presenter: Cédric Huylebroek, KU Leuven, FWO Co-authors: Hans Degryse and Bernardus Van Doornik Discussant: Teng Wang, Federal Reserve Board |
|
| 11:00 a.m. | Coffee break |
| 11:30 a.m. | Keynote address |
| Chair: Matias Ossandon Busch, CEMLA Systemic risk measures: Taking stock from 1927 to 2023 Viral V. Acharya, New York University Stern School of Business |
|
| 12:30 p.m. | Lunch |
| 2:00 p.m. | Session 2: Macroprudential policy and real estate markets |
| Chair: Enrique Martínez García, Federal Reserve Bank of Dallas Spatially targeted LTV policies and collateral values Presenter: Chun-Che Chi, Institute of Economics, Academia Sinica Co-authors: Cameron LaPoint and Ming-Jen Lin Discussant: Lara Loewenstein, Federal Reserve Bank of Cleveland Work-from-home, COVID-19 and online retail effects on commercial real estate prices Presenter: John Duca, Oberlin College Co-author: David C. Ling Discussant: Consuelo Silva-Buston, PUC Chile |
|
| 3:30 p.m. | Coffee break |
| 4:00 p.m. | Session 3: Climate-related financial risks |
| Chair: Peter Karlström, CEMLA Capital regulation in the presence of climate risk Presenter: Natalya Martynova, Deutsche Bundesbank Co-author: Kartik Anand Discussant: Rhiannon Sowerbutts, Bank of England Green neighbors, greener neighborhoods Presenter: Christine Zhuowei Huang, The University of Texas at Dallas Discussant: Anthony Murphy, Federal Reserve Bank of Dallas |
|
| 5:30 p.m. | Welcome reception and dinner |
| Tuesday, November 26 | |
| Mexico City | |
| 9:00 a.m. | Introduction |
| Manuel Ramos Francia, CEMLA | |
| 9:15 a.m. | Session 4: Latin American Journal of Central Banking |
| Chair: Matias Ossandon Busch, CEMLA Impact of the access to the Fogape-Covid program on firm delinquency: Evidence from commercial loans within the banking system Presenter: Cristian Rojas Olmedo, Financial Market Commission Chile Co-author: José Rishmawi Estimating the impact of a climatic shock on credit supply and the probability of default in The Bahamas Presenter: Nathan P. Rolle, Central Bank of The Bahamas Co-authors: Sharon Branch, Lavashti Dames, Lynsey Ward and Allan Wright |
|
| 10:00 a.m. | Coffee break |
| 10:30 a.m. | Session 4 (continued): Latin American Journal of Central Banking |
| Bank productivity, firm productivity and lending Presenter: David Pérez-Reyna, Universidad de los Andes (Colombia) Co-authors: Angie Rozada-Najar and Fausto Suaza Financing imbalances and heterogeneous effects of monetary policy Presenter: Jorge Pozo Sánchez, Banco Central de Reserva del Perú Co-author: Youel Rojas |
|
| 11:15 a.m. | Break |
| 11:30 a.m. | Session 5: Moral hazard and FX risk in banking |
| Chair: Falko Fecht, Deutsche Bundesbank Too-many-to-fail and the design of bailout policies Presenter: Wolf Wagner, Rotterdam School of Management, CEPR Co-author: Jing Zeng Discussant: Carola Müller, Bank of International Settlements Hunting for dollars Presenter: Edouard Mattille, University of St. Gallen, Columbia Business School Co-authors: Pēteris Kloks and Angelo Ranaldo Discussant: Ricardo Correa, Federal Reserve Board |
|
| 1:00 p.m. | Lunch |
| 2:00 p.m. | Session 6: Financing green growth and QE dynamics |
| Chair: Björn Imbierowicz, Deutsche Bundesbank Credit supply and green investments Presenter: Emilia Garcia-Appendini, University of St. Gallen, Norges Bank Co-authors: Antonio Accetturo, Giorgia Barboni, Michele Cascarano and Marco Tomasi Discussant: Peter Karlström, CEMLA Passive quantitative easing: Bond supply effects through a halt to debt issuance Presenter: Jens Christensen, Federal Reserve Bank of San Francisco Co-author: Simon Hetland Discussant: Thomas Krause, Danmarks Nationalbank |
|
| 3:30 p.m. | Closing remarks |
| Matias Ossandon Busch, CEMLA | |
When
- Nov. 25–26, 2024
Where
- CEMLA
Durango 54, Col. Roma Cuauhtémoc, C.P. 06700
Mexico City, Mexico
Call for papers
The Center for Latin American Monetary Studies (CEMLA), the Federal Reserve Bank of Dallas, and the International Banking, Economics and Finance Association (IBEFA) invite submissions to their 3rd Financial Stability Workshop, to be held on November 25 and 26 at CEMLA’s offices in Mexico City. We invite theoretical and empirical submissions focusing on the interplay between financial intermediation, banking and financial stability, on topics including:
- Interactions between monetary policy, inflation dynamics and financial stability.
- Lending technologies and FinTech.
- Financial fragility through cross-border spillovers.
- Liquidity risks and wholesale funding markets.
- Climate finance.
- Risks in housing and real estate markets.
- Latest developments in prudential policies and regulation.
CEMLA invites submissions for a special sponsored session dedicated to discussing outstanding research relevant for Latin America and the Caribbean. Authors indicating in their submission a preference for a dual-track submission will have publication opportunities in the Latin American Journal of Central Banking. Participants are expected to cover their travel expenses; sponsors will offer to cover accommodation for invited participants.
Submission
Papers should be submitted to fsworkshop@cemla.org with subject line “Submission—FSW,” by May 27, 2024. Authors of accepted papers will be notified in early July. If you have questions, please email Enrique Martínez García.
Keynote speaker
- Viral V. Acharya, New York University Stern School of Business
Scientific committee
- Christoph Bertsch, Sveriges Riksbank
- Mauricio Calani, Banco Central de Chile
- Ricardo Correa, Federal Reserve Board
- Matteo Crosignani, Federal Reserve Bank of New York
- Mariela dal Borgo, Banco de México
- Scott Davis, Federal Reserve Bank of Dallas
- Filippo De Marco, Bocconi University
- Ralph de Haas, European Bank for Reconstruction and Development
- John Duca, Oberlin College
- Paul Fontanier, Yale School of Management
- Emilia Garcia-Appendini, Norges Bank
- Gabriel Jiménez, Banco de España
- Peter Karlström, CEMLA
- Thomas Lambert, Rotterdam School of Management, Erasmus University
- Elena Loutskina, Darden School of Business Administration
- David Martinez-Miera, Universidad Carlos III de Madrid
- Natalya Martynova, Deutsche Bundesbank
- Sergio Mayordomo, Banco de España
- Karsten Müller, NUS Singapore
- Carola Müller, Bank for International Settlements
- William Mullins, University of California, San Diego
- Pascal Paul, Federal Reserve Bank of San Francisco
- Andrea Presbitero, International Monetary Fund
- Claudio Raddatz, Universidad de Chile
- Raluca Roman, Federal Reserve Bank of Philadelphia
- Kasper Roszbach, Norges Bank
- Farzad Saidi, University of Bonn
- Alessio Saretto, Federal Reserve Bank of Dallas
- Larissa Schäfer, Frankfurt School of Finance & Management
- Glenn Schepens, European Central Bank
- Jason Sturgess, Queen Mary University
- Rimmy E. Tommy, University of Chicago
- Lena Tonzer, OvGU University Magdeburg and Halle Institute for Economic Research (IWH)
- Nitzan Tzur-Ilan, Federal Reserve Bank of Dallas
- Alexander Ufier, Federal Deposit Insurance Corporation
- Bernardus van Doornik, Banco Central do Brasil
Organizing committee
- Björn Imbierowicz, Deutsche Bundesbank, IBEFA
- Enrique Martínez García, Federal Reserve Bank of Dallas
- Lars Norden, Brazilian School of Public and Business Administration (EBAPE), Getulio Vargas Foundation (FGV), IBEFA
- Matias Ossandon Busch, CEMLA
For more information
Contact Enrique Martínez García at enrique.martinez-garcia@dal.frb.org.