AGENDA 2022
7th April
Thursday
11.30
Registration opens for in-person participants
12.00
LUNCH
13.15
OPENING REMARKS
Huw Pill, Chief Economist, MPC, Bank of England
13.30
Session on MONETARY POLICY & REAL EFFECTS IN PANDEMIC TIMES
Session Chair: Iryna Kaminska, Bank of England
The Core, the Periphery, and the Disaster: Corporate-Sovereign Nexus in COVID-19 Times
Alberto Plazzi, Università della Svizzera Italiana (joint with Ruggero Jappelli and Loriana Pelizzon)
Discussant: Pierre Collin-Dufresne, EPFL
Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels
Tim Eisert, Erasmus Rotterdam (joint with Viral V. Acharya, Ryan Banerjee, Matteo Crosignani and Renee Spigt)
Discussant: Howard Kung, London Business School
Liquidity, Liquidity Everywhere, not a Drop to Use: Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity
Viral V. Acharya, NYU Stern (joint with Raghuram Rajan)
Discussant: Zhiguo He, University of Chicago
15.45
COFFEE BREAK
16.15
Policy Panel on SOVEREIGN BOND MARKETS IN PANDEMIC TIMES
Moderator: Marti Subrahmanyam, NYU Stern
Panellists:
Silvia Ardagna, Chief European Economist, Barclays
Jon Relleen, Head of Capital Markets Division, Bank of England
Andreas Schrimpf, Head of Financial Markets, BIS
Guido Galassi, MTS Markets
17.30
END OF WORKS
8th April
Friday
10.30
Session on SOVEREIGN DEFAULT RISK & GLOBAL FINANCE
Session Chair: Paolo Pasquariello, University of Michigan
Unintended Consequence of Holding Dollar Assets
Robert Czech, Bank of England (joint with Shiyang Huang, Dong Lou and Tianyu Wang)
Discussant: Miguel Anton, IESE Business School
News-Implied Sovereign Default Risk
Chukwuma Dim, Frankfurt School F&M (joint with Kevin Koerner, Marcin Wolski and Sanne Zwart)
Discussant: Can Gao,SAFE
Sovereign Defaults and Currency Crashes: Insurance, Carry Trade, and Quanto
Ljubica Georgievska, UCLA
Discussant: Paula Mirela Sandulescu, University of Michigan
12.45
LUNCH
13.45
KEYNOTE SPEECH
How Should Monetary Policy Respond to Supply Shocks?
Charles Goodhart, LSE
14.30
Session on SOVEREIGN BOND MARKETS IN PANDEMIC TIMES
Session Chair: Loriana Pelizzon, Leibniz Institute for Financial Research SAFE
Euro Area Sovereign Bond Risk Premia During The COVID-19 Pandemic
Stefano Corradin, ECB (joint with Niklas Grimm and Bernd Schwaab)
Discussant: Svetlana Bryzgalova, London Business School
Price Elasticity of Demand and Risk-bearing Capacity in Sovereign Bond Auctions
Rui Albuquerque, Boston College (joint with Jose Miguel Cardoso-Costa and Jose Afonso Faias)
Discussant: Michel Fleming, Federal Reserve Bank of New York
LTCM Redux? Hedge Fund Treasury Trading and Funding Fragility
Sumudu Watugala, Cornell University
Discussant: Laura Silvestri, Bank of England
16.45
CLOSING REMARKS
17.00
END OF CONFERENCE
