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28th NBER-TCER-CEPR Conference on "Financial System"

Outline

28th NBER-TCER-CEPR Conference on "Financial System" was held on July 27th, 2019, co-sponsored by University of Tokyo (The Center for Advanced Research in Finance (CARF), and Center for International Research on the Japanese Economy (CIRJE)) and the Research Institute of Capital Formation (RICF), Development Bank of Japan.

Overview

Date: July 27th, 2019 / Sat 9:00 – 18:00
Venue: Kojima Conference Room, Kojima Hall Bldg. 2F, Department of Economics, University of Tokyo
Sponsors: Center for Economic Policy Research (CEPR), National Bureau of Economic Research (NBER), Tokyo Center for Economic Research (TCER)
Co-sponsors: University of Tokyo (the Center for Advanced Research in Finance (CARF), and Center for International Research on the Japanese Economy(CIRJE)), and Research Institute of Capital Formation (RICF), Development Bank of Japan
Organizers: Shin-ichi Fukuda, Kenichi Ueda, Takeo Hoshi, and Franklin Allen

Program

Chair: Kenichi Ueda (University of Tokyo)
9:00~9:50 Andreas Lehnert (Federal Reserve Board)
Inside the U.S. Strategy for Fighting the 2007-2009 Global Financial Crisis
Discussant Shigenori Shiratsuka (Bank of Japan)
9:50~10:40 Eugenio M. Cerutti (International Monetary Fund)
U.S. vs. Euro Area: Who Drives Cross-Border Bank Lending to EMs?
Discussant Junko Koeda (Ministry of Finance, Japan)
Break 10:40~10:50
Chair: Shin-ichi Fukuda (University of Tokyo)
10:50~11:40 Edward S. Prescott (Federal Reserve Bank of Cleveland)
Banker Compensation, Relative Performance, and Bank Risk
Discussant Ryo Kato (University of Tokyo)
11:40~12:30 Yoshiaki Ogura (Waseda University)
Search for Yield under Prolonged Monetary Easing and Aging
Discussant Ying Xu (Australian Treasury)
Break 12:30~13:40
Chair: Takeo Hoshi (Stanford University and NBER)
13:40~14:30 Rodney Ramcharan (University of Southern California)
The Effects of Competition in Consumer Credit Markets
Discussant Hiroshi Fujiki (Chuo University)
14:30~15:20 Kenichi Ueda (University of Tokyo)
Listing Advantages Around the World
Discussant Yishay Yafeh (Hebrew University)
15:20~16:10 Renee Adams (University of Oxford)
Values in Finance
Discussant Iichiro Uesugi (Hitotsubashi University)
Break 16:10~16:20
Chair: Yishay Yafeh (Hebrew University)
16:20~17:10 Yukihiro Yasuda (Hitotsubashi University)
Stock Market Listing, Investment, and Business Groups: How Firm Structure Impacts Investment?
Discussant Kaoru Hosono (Gakushuin University)
17:10~18:00 Jennifer Corbett (Australian National University)
Using Network Method to Measure Financial Interconnection
Discussant Daisuke Miyakawa (Hitotsubashi University)