15th INTERNATIONAL CONFERENCE
C R E D I T 2016
Credit Solutions for the Real Economy:
Implications for Investors, Financial Stability and Policy
Design
Venice, Italy
6 - 7 October 2016
The objective of the Conference is to bring together academics,
practitioners and PhD students working in the area of risk
management.
The conference this year focuses on New Credit Solutions for the
Real
Economy and their Implications for Investors, Financial Stability
and
Policy Design and will provide an opportunity for
participants
engaged in research at the forefront of this area to discuss both
the
causes and implications of recent events in financial markets and
may, in
turn, suggest fruitful directions for future research. The
Conference is
the fifteenth of a series dedicated to various aspects of
credit
risk.
The co-sponsors of the Conference are GRETA Associati
(Venice, Italy), Intesa Sanpaolo (Milan, Italy), the
European
Investment Fund (Luxembourg), Research Center SAFE at
Goethe
University Frankfurt (Frankfurt, Germany) and European
Investment
Bank (Luxembourg). The Conference is organised under
the
auspices of the Department of Economics of the University Ca
Foscari
of Venice, ABI - Italian Banking Association and
European Investment Bank Institute.
The Scientific Committee for the Conference consists of: Loriana
Pelizzon (Systemic Risk Lab, SAFE - Goethe University, Ca
Foscari
University of Venice & GRETA, Programme Chair), Francesca
Campolongo (JRC Unit Financial and Economic Analysis), Marco
Da
Rin (Tilburg University), Helmut Kraemer-Eis (European
Investment Fund), Jan Pieter Krahnen (SAFE - Goethe
University
Frankfurt), Adair Morse (University of California,
Berkeley),
Steven Ongena (University of Zurich, SFI & CEPR) and
Stephen Schaefer (London Business School)
PROGRAMME
Thursday, October 6 2016
9.00 -
9.15 Welcome and Opening
Remarks
Monica Billio (Ca Foscari University of Venice)
Loriana Pelizzon (Systemic Risk Lab, SAFE - Goethe University
& CaFoscari University of Venice, Programme Chair)
9.15 -
11.00 Session I: Alternative and
Digital Financing I
Key-note talk: Adair Morse (University of
California,
Berkeley)
Payment Instruments, Enforceability and Development: Evidence
from
Mobile Money Technology, Thorsten Beck (City University London
&
CEPR), Haki Pamuk (Tilburg University & Wageningen University),
Ravindra Ramrattan (FSD Kenya & Tilburg University) and Burak
R.
Uras (Tilburg University & European Banking Center)
How Does P2P Lending Fit Into the Consumer Credit Market?,
Calebe deRue (Frankfurt School of Finance & Management),
Loriana Pelizzon (Systemic Risk Lab, SAFE - Goethe University &
Ca
Foscari University of Venice) and Paolo Tasca (SAFE - Goethe
University
Frankfurt & London School of Economics)
11.45 -
12.45 Session II: Credit Risk
Keeping It Personal or Getting Real? On the
Drivers and
Effectiveness of Personal versus Real Loan Guarantees, Sergio
Mayordomo (Bank of Spain), Antonio Moreno (University of
Navarra),
Steven Ongena (University of Zurich, Swiss Finance Institute &
CEPR)
and María Rodríguez-Moreno (University of Navarra)
Default Risk Premium in Credit and Equity Market: A New Approach
for
Structural Model Estimation, Alessandro Beber (City University
London), Raffaele Corvino (City University London) and
Gianluca
Fusai (Università del Piemonte Orientale, Novara)
14.15 -
15.30 Session III: The Role of the
Public Sector in Promoting the Development of Alternative
Financing
Channels
Helmut Kraemer-Eis (European Investment Fund)
Luca Bertalot (European Mortgage Federation - European
Covered
Bond Council (EMF-ECBC))
Christian Thun (European DataWarehouse GmbH)
15.30 -
16.30 Poster Session 1
16.30 -
17.30 Session IV: Alternative and
Digital Financing II
Informational Synergies in Consumer Credit, Martin
Hibbeln (University of Duisburg-Essen), Lars Norden (Getulio
Vargas
Foundation, Praia de Botafogo), Piet Usselmann (Braunschweig
Institute of
Technology) and Marc Gürtler (Braunschweig Institute of Technology)
The Evolution of the Bitcoin Economy: Extracting and Analyzing
the
Network of Payment Relationships, Paolo Tasca (SAFE -
Goethe
University Frankfurt & London School of Economics), Shaowen Liu
(Deutsche Bundesbank) and Adam Hayes (University of Wisconsin,
Madison
& The New School, New York)
Friday, October 7 2016
9.00 -
10.45 Session V: Financing
SME
Key-note talk: Thomas Hellman (Oxford Said
Business
School)
Assessing Italian SME and Mini-bond Issuer Credit Worthiness,
Edward I. Altman (NYU Stern, NYU Salomon Center & Classis
Capital
S.p.A), Maurizio Esentato (Classis Capital S.p.A) and Gabriele
Sabato (Classis Capital S.p.A)
Support for the SME Supporting Factor - Multi-Country Empirical
Evidence on Systematic Risk Factor for SME Loans, Michel
Dietsch (ACPR Banque de France), Klaus Düllmann (European
Central
Bank), Henri Fraisse (ACPR Banque de France), Philipp Koziol
(European
Central Bank) and Christine Ott (Deutsche Bundesbank)
11.30 -
13.15 Session VI: Credit and
Unconventional Monetary Policies
Key-note talk: Philipp Hartmann (European
Central
Bank)
The Effect of Central Bank Liquidity Injections on Bank Credit
Supply, Luisa Carpinelli (Bank of Italy) and Matteo
Crosignani
(NYU Stern)
The Demand and Supply of Mortgage Rate Fixation Periods. Managing
Interest Rate Risk and Credit Risk in a Low Rate Environment,
Christoph Basten (Swiss Financial Market Supervisory Authority &
ETHZ), Benjamin Guin (Bank of England) and Cathérine Koch
(Bank
for International Settlements)
14.30 -
16.00 PANEL Session
16.00 -
17.00 Poster Session 2
17.00 - 18.00 Session VII: Bank
Business Models
Nothing Special about Banks: Competition and Bank
Lending
in Britain, 1885-1925, Fabio Braggion (Tilburg
University
& CentER), Narly Dwarkasing (University of Bonn) and Lyndon
Moore
(University of Melbourne)
Bank Business Models at Zero Interest Rates, André Lucas (VU
University Amsterdam & Tinbergen Institute), Julia Schaumburg
(VU
University Amsterdam & Tinbergen Institute) and Bernd
Schwaab
(European Central Bank)
REGISTRATION
To register for the Conference you are requested to complete the
registration form that is available on our website
(
http://www.greta.it/credit/credit2016/credit2016.htm).
Registration fees are:
Early
registration
Late
registration
(within August
31st)
(from September
1st on)
Academics:
250
Euro +
VAT
300 Euro +
VAT
Practitioners:
800 Euro +
VAT
1000 Euro +
VAT
PhD
Students*:
80
Euro +
VAT
130 Euro + VAT
VAT is currently 22%
For participants presenting a paper there are no fees.
*Students will have to provide valid proof of their student status.
The registration fees cover: Admission to all scientific sessions;
Lunches and coffee service during the Conference; Conference
kit.
The registration fees do not fully cover the conference dinner on
October
6th, 2016, for which there is an extra charge of 80.00 Euro per
person
(conference attendees as well as accompanying persons).
For more detailed information (registration, accommodation and
Conference
venue), please refer to the Conference website:
GRETA Associati
San Polo, 2605 - 30125 Venice, ITALY
Phone : +39 041 5238178 - Fax : +39 041 5286166
e-mail: [log in to unmask]
website:
www.greta.it