VIII Annual Seminar on Risk, Financial Stability and Banking


        August 8-9, 2013
        São Paulo
Thursday, August 8
8:00 a.m. Registration and coffee
8:30 a.m. Opening session 

Benjamin M. Tabak, Banco Central do Brasil
Ike Mathur, Journal of Banking and Finance
9:00 a.m. Session I
Chair: Benjamin M. Tabak, Banco Central do Brasil 

Julián A. Caballero, Inter-American Development Bank  
Foreign Bank Behavior during Financial Crises

Falko Fecht, Frankfurt School of Finance and Management  
Interbank Market Frictions and Banks’ Demand for Liquidity from the Lender of Last Resort

Alfredo Schclarek, Universidad Nacional de Cordoba  
A Theoretical Model of Bank Lending: Does Ownership Matter in Times of Crises?
10:10 a.m. Session II
Chair: João Barata, Banco Central do Brasil

Marco Lo Duca, European Central Bank  
A Global Monetary Tsunami? On the Spillovers of US Quantitative Easing

Lars Norden, Erasmus University  
The Benefits of Relationship Lending in a Cross-Country Context: A Meta-Analysis

Biliana Alexandrova-Kabadjova, Banco de México  
An Empirical Study of the Mexican Banking System's Network and its Implications for Systemic Risk
11:20 a.m. Coffee break
11:40 a.m. Session III
Chair: Emanuel W. Kohlscheen, Banco Central do Brasil

Maurizio Michael Habib, European Central Bank  
Foreign Investors and Risk Shocks: Seeking a Safe Haven or Running for the Exit?

José Valentim Machado Vicente, Banco Central do Brasil  
Nonparametric Tail Risk and Stock Returns: Predictability and Risk-Premia

Razvan Vlahu, De Nederlandsche Bank  
Contagious Bank Runs: Experimental Evidence
12:50 p.m. Lunch break
2:30 p.m. Session IV
Chair: Jouko Vilmunen, Bank of Finland

Rodrigo Guimarães, Bank of England  
Financial Intermediaries and Bond Risk Premia

Marco Lyrio, Institute of Education and Research (Insper)  
Redenomination Risk in the Euro Area Bond Market
3:40 p.m. Session V
Chair: Waldyr D. Areosa, Banco Central do Brasil

Marcos Valli, Banco Central do Brasil  
Price Differentiation and Menu Costs in Credit Card Payments

Adrian van Rixtel, Bank for International Settlements  
Measuring Bank Competition in China: A Comparison of New Versus Conventional Approaches Applied to Loan Markets

Ad van Riet, European Central Bank  
Financial Repression to Ease Fiscal Stress: Turning Back the Clock in the Eurozone?
4:50 p.m. Coffee break
5:10 p.m Session VI
Chair: Clodoaldo Annibal, Banco Central do Brasil

Xiao Qin, Shanghai Jiao Tong University  
Interbank Exposures, Non-Traditional Activities and Systemic Risk Contribution: Evidence from the BRICs Countries

Alesia Kalbaska, University of Siena  
From Sovereigns to Banks: Evidence on Cross-border Contagion (2006-2011)
6:20 p.m. Final remarks
Friday, August 9
8:30 a.m. Registration
9:00 a.m. Opening remarks 

Alexandre Tombini, Banco Central do Brasil - 
Carlos Hamilton Araújo, Banco Central do Brasil
Eduardo José Araújo Lima, Banco Central do Brasil
9:20 a.m. Keynote speech

Stefan Ingves, Sveriges Riksbank  
Basel III – Response to the Crisis
10:00 a.m. Coffee break 
10:20 a.m. Session I: Systemic Banks
Chair: Anthero de M. Meirelles, Banco Central do Brasil

Sérgio Rubens S. Souza, Banco Central do Brasil  
Insolvency and Contagion in the Brazilian Interbank Market

Chen Zhou, De Nederlandsche Bank  
“Too Big to Fail” or “Too Non-Traditional to Fail”? The Determinants of Banks’ Systemic Importance

Jorge Ponce, Banco Central del Uruguay  
Systemic Banks and the Lender of Last Resort
11:30 a.m. Session II: Contagion and Networks
Chair: Aldo Mendes, Banco Central do Brasil

Rodrigo Miranda, Banco Central do Brasil  
Contagion Risk within Firm-Bank Bivariate Networks

Silvia Gabrieli, Banque de France  
Assessing Contagion Risk through the Network Structure of CDS Exposures on European Reference Entities

Co-Pierre Georg, University of Cape Town Graduate School of Business  
Contagious Herding and Endogenous Network Formation in Financial Networks
12:40 p.m. Lunch break
2:30 p.m. Session III: Systemic Risks Indicators
Chair: Luiz Pereira, Banco Central do Brasil

Solange M. Guerra, Banco Central do Brasil  
Systemic Risk Measures

Gustavo S. Araújo, Banco Central do Brasil  
Systemic Risk in the Brazilian Banking System – An Approach by the CoVaR Method

Kurmas Akdogan, Central Bank of the Republic of Turkey  
Non-core Liabilities as an Indicator of Systemic Risk and a Liquidity Stress Test Application on Turkish Banking System
3:40 p.m. Coffee break
4:00 p.m. Session IV: Macro Prudential and Countercyclical Measures
Chair: Carlos Hamilton Araújo, Banco Central do Brasil

Ricardo Schechtman, Banco Central do Brasil 
Loan Pricing Following a Macro Prudential Within-Sector Capital Measure

Wolf Wagner, Tilburg University 
The Disturbing Interaction between Countercyclical Capital Requirements and Systemic Risk

Ata Can Bertay, Tilburg University 
Bank Ownership and Credit Over the Business Cycle: Is Lending by State Banks Less Procyclical?
5:10 p.m. Closing remarks

Carlos Hamilton Araújo, Banco Central do Brasil