Convegno Banks, Markets and Financial Innovation. Efficiency, Systemic Risks and the Role of Regulation

 

Banks, Markets and Financial Innovation. Efficiency, Systemic Risks and the Role of Regulation

Università Bocconi
Milan, 2013 May 24th

Welcome address

Andrea Sironi
Rector, Università Bocconi

Vittorio Conti
CONSOB


Keynote Speech

David Wright
IOSCO


Session I Securities Markets

Chair: Francesco Saita, Università Bocconi

The Causes and Consequences of Going Public. Firm-Level Evidence from Twelve European Countries

Fabio Panetta, Andrea Generale, Federico M. Signoretti (paper - presentation)
Discussant: Andrea Beltratti, Università Bocconi

Identifying Cross-Sided Liquidity Externalities

Johannes A. Skjeltorp, Elvira Sojli, Wing Wah Tham (paper - presentation)
Discussant: Mario Anolli, Università Cattolica del Sacro Cuore, Milano

Circuit Breakers and Market Runs

Sarah Draus, Mark Van Achter (paper - presentation)
Discussant: Nadia Linciano, CONSOB


Session II Systemic Risk and Contagion

Chair: Giovanni Siciliano, CONSOB

Endogenous Banks' Networks, Cascades and Systemic Risk

Marcel Bluhm, Ester Faia, Jan Pieter Krahnen (paper - presentation)
Discussant: Umberto Cherubini, Università di Bologna

Financial Contagion During Lehman Default and Sovereign Debt Crisis

Monica Gentile, Luca Giordano (paper - presentation)
Discussant: Paolo Colla, Università Bocconi

Measuring Sovereign Contagion in Europe

Massimiliano Caporin, Loriana Pelizzon, Francesco Ravazzolo, Roberto Rigobon
(paper - presentation)
Discussant: Francesco Corielli, Università Bocconi


Session III Bank Regulation

Chair: Franco Bruni, Università Bocconi

The Manipulation of Basel Risk-Weights

Mike Mariathasan, Ouarda Merrouche, Charlotte R. Werger (paper - presentation)
Discussant:  Andrea Resti,  Università Bocconi

Catharsis: Tracing the Real Effects of Bank Insolvency and Resolution

Josef A. Korte (paper - presentation)
Discussant: Carlo Domenico Mottura, Università degli Studi Roma Tre

Banking and Trading

Arnoud W.A. Boot, Lev Ratnovski (paper - presentation)
Discussant: Elena Carletti, EUI


Concluding Remarks

Marco Onado, Università Bocconi