- , Federal Reserve Bank of Chicago

Wednesday, May 16

7:30 a.m.		Registration Continental Breakfast
8:25 a.m.		Welcoming Remarks Douglas D. Evanoff, Senior Financial Economist and Vice President, Federal Reserve Bank of Chicago
8:30 a.m.		Banking and "Distance" to the Customer Moderator and Discussant Gregory F. Udell, Indiana University Distance and Information Asymmetries in Lending Sumit Agarwal, Federal Reserve Bank of Chicago Robert Hauswald, American University Banks, Distances and Financing Constraints for Firms Pietro Alessandrini, Universita Politecnica delle Marche Andrea F. Presbitero, Universita Politecnica delle Marche Alberto Zazzaro, Universita Politecnica delle Marche Rules versus Discretion in Loan Rate Setting Geraldo Cerquiero, Tilburg University Hans Degryse, Tilburg University Steven Ongena, Tilburg University
10:00 a.m.		Break
10:20 a.m.		Private and Public Debt Moderator and Discussant James R. Booth, Arizona State University The Bank as Grim Reaper: Debt Composition and Recoveries on Defaulted Debt Mark S. Carey, Board of Governors of the Federal Reserve System Michael Gordy, Board of Governors of the Federal Reserve System The Information Content of Bank Loan Covenants Cem Demiroglu, University of Florida Christopher James, University of Florida Creditor Control Rights and Firm Investment Policy Gregory Nini, Board of Governors of the Federal Reserve System David C. Smith, University of Virginia Amir Sufi, University of Chicago
12:00 p.m.		Luncheon
1:30 p.m.		Relationship Lending Moderator and Discussant Andrew Winton, University of Minnesota On Loan Sales, Loan Contracting and Lending Relationships Steven Drucker, Columbia Business School Manju Puri, Duke University Lending Relationships and Loan Contract Terms: Does Size Matter? Sreedhar Bharath, University of Michigan Sandeep Dahiya, Georgetown University Anand Srinivasan, National University of Singapore Anthony Saunders, New York University The Impact of Information Asymmetry on Debt Pricing and Maturity Regina Wittenberg-Moerman, University of Pennsylvania
3:00 p.m.		Break
3:20 p.m.		Federal Reserve Bank of Chicago Conference on Bank Structure and Competition—Special Session (Sponsored by the Journal of Financial Services Research) Moderator Haluk Ünal, University of Maryland and Journal of Financial Services Research Bank Structure Conference Impact Study Douglas D. Evanoff, Federal Reserve Bank of Chicago Philip F. Bartholomew, International Monetary Fund Robert DeYoung, Federal Deposit Insurance Corporation Cosmin Lucaci, Brownson, Rehmus & Foxworth, Inc. Ronnie J. Phillips, Colorado State University Equity Cushions at Large U.S. Banks, Allen N. Berger, Board of Governors of the Federal Reserve System Robert DeYoung, Federal Deposit Insurance Corporation Mark J. Flannery, University of Florida Discussant Philip Strahan, Boston College Do Capital Ratios Affect Large Bank Profitability? An International Comparison Elijah Brewer III, DePaul University George G. Kaufman, Loyola University Chicago and Federal Reserve Bank of Chicago Larry D. Wall, Federal Reserve Bank of Atlanta Discussant Diana Hancock, Board of Governors of the Federal Reserve System Wayne Passmore, Board of Governors of the Federal Reserve System Evidence of Differences in the Effectiveness of Safety Net Management in European Union Countries Santiago Carbó Valverde, University of Granada and Fundación de las Cajas de Ahorros Edward J. Kane, Boston College Francisco Rodríguez Fernández, University of Granada and Funcas Discussant Robert A. Eisenbeis, Economic Consultant
5:15 p.m.		Reception
Thursday, May 17

7:00 a.m.		Registration Continental Breakfast
8:15 a.m.		Welcoming Remarks Michael H. Moskow, President and Chief Executive Officer, Federal Reserve Bank of Chicago
8:30 a.m.		Keynote Address Speech Ben S. Bernanke, Chairman, Board of Governors of the Federal Reserve System
9:25 a.m.		Break
9:50 a.m.		Theme Panel: The Mixing of Commerce and Banking Moderator Charles L. Evans, Senior Vice President and Director of Research, Federal Reserve Bank of Chicago Charles W. Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia University Camden R. Fine, President and Chief Executive Officer, Independent Community Bankers of America The ILC Debate and the Separation of Banking and Commerce: A Work Still in Progress© (PDF, 6.84MB) Cantwell F. Muckenfuss III, Partner, Washington, DC, Office, Gibson, Dunn & Crutcher LLP Mark J. Tenhundfeld, Director, Office of Regulatory Policy, American Bankers Association Thomas F. Huertas, Director of Wholesale Firms Division and Banking Sector Leader, Financial Services Authority, UK
12:10 p.m.		Luncheon Introduction Michael H. Moskow, President and Chief Executive Officer, Federal Reserve Bank of Chicago Keynote Speech Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation
1:55 p.m.		Payday Lending Moderator Anna Paulson, Federal Reserve Bank of Chicago Payday Lending: Assessing the Importance of Scale to Store Performance Mark J. Flannery, University of Florida Katherine A. Samolyk, Federal Deposit Insurance Corporation Strategic Pricing of Payday Loans Robert DeYoung, Federal Deposit Insurance Corporation Ronnie J. Phillips, Colorado State University Measuring the Individual Level Effects of Access to Credit: Evidence from Payday Loans Paige Marta Skiba, University of California, Berkeley Jeremy Tobacman, University of Oxford
3:25 p.m.		Break
3:50 p.m.		Evaluating the Potential Impact of Mixing Banking and Commerce Moderator Craig Furfine, Federal Reserve Bank of Chicago The Last Frontier: The Integration of Banking and Commerce in the U.S. Larry D. Wall, Federal Reserve Bank of Atlanta Alan K. Reichert, Cleveland State University Hsin-Yu Liang, Cleveland State University The Value of Location in Bank Competition: Examining the Effect of Wal-Mart Branches Robert M. Adams, Board of Governors of the Federal Reserve System Robert B. Avery, Board of Governors of the Federal Reserve System Ron Borzekowski, Board of Governors of the Federal Reserve System How Bank Regulation, Supervision and Lender Identity Impact Loan Pricing: A Cross–Country Comparison Li Hao, York University Debarshi Nandy, York University Gordon S. Roberts, York University
Friday, May 18

7:30 a.m.		Continental Breakfast
8:30 a.m.		Keynote Address Introduction John A. Canning, Jr., Chairman and Chief Executive Officer, Madison Dearborn Partners, Inc. and Deputy Chairman, Board of Directors, Federal Reserve Bank of Chicago Keynote James A. Leach, Lecturer and John L. Weinberg/Goldman Sachs Visiting Professor, Princeton University and Former Chairman, Committee on Banking and Financial Services, U.S. House of Representatives
9:20 a.m.		Break
9:50 a.m.		Basel II and Risk Management in Financial Markets Moderator David A. Dodge, Governor and Chairman of the Board of Directors, Bank of Canada Roger Cole, Director, Division of Banking Supervision and Regulation, Board of Governors of the Federal Reserve System Jaime Caruana, Counselor and Director, International Monetary Fund Gary Wilhite, Senior Vice President, Wachovia Bank Robert R. Davis, Executive Vice President and Management Director of Government Relations, America's Community Bankers Edward J. Kane, James F. Cleary Professor in Finance, Boston College
12:00 p.m.		Luncheon Introduction Michael H. Moskow, President and Chief Executive Officer, Federal Reserve Bank of Chicago Keynote Speech Christopher Cox, Chairman, U.S. Securities and Exchange Commission
1:45 p.m.		Concurrent Sessions
		Session A: Housing Market Economics Moderator Richard Rosen, Federal Reserve Bank of Chicago Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market Kristopher Gerardi, Federal Reserve Bank of Boston Harvey S. Rosen, Princeton University Paul S. Willen, Federal Reserve Bank of Boston Explaining House Price Fluctuations Christian Hott, Swiss National Bank Interest Rates and Consumer Choice in the Residential Mortgage Market James Vickery, Federal Reserve Bank of New York
		Session B: Bank Risk Taking Moderator Hesna Genay, Federal Reserve Bank of Chicago Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition W. Scott Frame, Federal Reserve Bank of Atlanta Diana Hancock, Board of Governors of the Federal Reserve System Wayne Passmore, Board of Governors of the Federal Reserve System How Does Competition Impact Bank Risk? Gabriel Jiménez, Banco de España Jose A. Lopez, Federal Reserve Bank of San Francisco Jesús Saurina, Banco de España Bank Ownership, Market Structure and Risk Gianni De Nicolò, International Monetary Fund Elena Loukoianova, International Monetary Fund
		Last updated: May 23, 2007

The 43rd Annual Conference on Bank Structure & Competition