| Lunedì
25 Settembre 2006 |
|
8.30
- 9.00 |
Registratione
dei partecipanti |
|
9.30
- 10.45 |
Sessione
I
Chairman:
Domenico Sartore (GRETA & Università Ca’
Foscari di Venezia) |
- Benvenuto: Dino
Rizzi (Preside della Facoltà
di Economia, Università Ca' Foscari di Venezia)
- Apertura dei lavori:
Hans Degryse (CentER - Tilburg
University, TILEC, CES-Ifo & AFM Chair) e
Bas J.M. Werker (CentER - Tilburg University)
- Relazione invitata:
Credit
Securitization and Risk Taking: On the Role of Banks in Capital
Markets, Jan-Pieter
Krahnen (Goethe Universität Frankfurt)
- Modeling
Credit Risk for SMEs: Evidence from the US Market, Edward I. Altman
(New York University) e Gabriele
Sabato (ABN AMRO & Università “La Sapienza”
di Roma)
Moderatore:
Bas J.M. Werker (CentER - Tilburg
University)
|
|
10.45
- 11.15 |
Pausa
caffè |
|
11.15
- 13.00 |
Sessione
II
Chairman:
Stephen
M. Schaefer (London Business School) |
-
Relazione
invitata: Firm
Heterogeneity and Credit Risk Diversification, M.
Hashem Pesaran (University of Cambridge)
- Sector
Concentration in Loan Portfolios and Economic Capital, Klaus
Düllmann (Deutsche Bundesbank)
e Nancy Masschelein (National Bank of Belgium)
Moderatore:
Alexandre Adam
(BNP Paribas, Parigi)
- The
Impact of Size, Sector and Location on Credit Risk in SME
Loans Portfolios, Michel
Dietsch (Université Robert Schuman de Strasbourg)
e Joël Petey (Université Robert Schuman de Strasbourg)
Moderatore:
Juan Ignacio Peña
(Universidad Carlos III de Madrid)
|
|
13.00
- 14.30 |
Colazione
di lavoro |
|
14.30 - 16.15 |
Sessione
III
Chairman:
Fabio
Salis (Banca Intesa, Milano) |
-
Relazione
invitata: Explaining
the Level of Credit Spreads: Option-Implied Jump Risk Premia
in a Firm Value Model, Joost
Driessen (University of Amsterdam & CEPR)
- Multiyear
Credit Rating, Term Structures of Default Probabilities, and
Diversification in SME Portfolios,
Alfred Hamerle (Universität Regensburg),
Rainer Jobst (Universität Regensburg),
Thilo Liebig (Deutsche Bundesbank)
e Daniel Rösch (Universität Regensburg)
Moderatore:
Astrid Van Landschoot
(Standard & Poor’s, Londra)
- Developing
Financial Distress Prediction Models: A Study of US, Europe
and Japan Retail Performance, Yu-Chiang
Hu (University of Edinburgh)
e Jake Ansell (University of Edinburgh)
Moderatore:
Loriana Pelizzon
(Università Ca’ Foscari di Venezia
& GRETA)
|
|
16.15
- 16.45 |
Pausa
caffè |
|
16.45 - 18.15 |
TAVOLA ROTONDA:
Quali sviluppi nel
processo del credito per il segmento small business?
Moderatore:
Fabrizio GALIMBERTI (Il Sole 24 Ore, Milan)
Alessio BALDUINI
(Vice Presidente, Risk Management and Analytic Services, Moody's
Investors Service, Londra)
Davide CAPUZZO
(Analytics Director, CRIF Decision Solutions, Bologna)
Andrea DE VIDO (Amministratore
delegato Gruppo Finanziaria Internazionale, Conegliano)
Fausto GALMARINI
(Amministratore delegato UniCredit Factoring, Milano)
Pierpaolo GRIPPA
(Vigilanza creditizia e finanziaria, Banca d’Italia)
Renato MAINO (Responsabile
Gestione e Valutazione del Rischio, San Paolo IMI, Torino)
Steven ONGENA (CentER - Tilburg
University, TILEC & CEPR, Tilburg)
Giuseppe SCHLITZER (Direttore
per Economia e Finanza, Centro Studi di Confindustria, Roma)
|
| 20.30 |
Cena
sociale |
| Martedì
26 Settembre 2006 |
|
9.00
- 10.45 |
Sessione
IV
Chairman:
Paolo
Gabriele (Finanziaria Internazionale, Conegliano) |
-
Relazione
invitata: Liquidity
Risk and Correlation Risk: Implications for Risk Management, Viral
Acharya (London Business School &
CEPR)
- Credit
Barrier and Dynamic Correlation Techniques for Pricing Collateralized
Debt Obligations of European Small and Medium-sized Enterprises, Louis
Loizou (University of Oxford & Kleinwort Benson)
Moderatore:
Philipp Schönbucher
(ETH Zürich)
- The
Pricing of Portfolio Credit Risk, Nikola
Tarashev (Bank for International Settlements,
Basilea) e Haibin Zhu (Bank for International
Settlements, Basilea)
Moderatore:
Joost Driessen
(University of Amsterdam)
|
|
10.45
- 11.15 |
Pausa
caffè |
|
11.15
- 13.15 |
Sessione
V
Chairman:
Davide
Capuzzo (CRIF Decision Solutions, Bologna) |
- Reputation
and Credit Market Formation, Ernst
Fehr (University of Zürich) e Christian
Zehnder (University of Zürich)
Moderatore:
Giampaolo Gabbi (Università
di Siena & SDA Bocconi School of Management, Milano)
- Credit
Reporting, Relationship Banking, and Loan Repayment, Martin Brown
(Swiss National Bank) e Christian Zehnder (University
of Zürich)
Moderatore:
Hans Degryse (CentER
- Tilburg University, TILEC, CES-Ifo & AFM Chair)
- The
Effect of Relationship Lending on Firm Performance, Judit Montoriol-Garriga
(Universitat Autònoma de Barcelona & Universitat
Pompeu Fabra)
Moderatore:
Steven Ongena
(CentER - Tilburg University, TILEC & CEPR)
- Soft
Information in Small Business Lending,
Emilia García-Appendini
(Universitat Pompeu Fabra)
Moderatore:
Andrea Giacomelli
(GRETA & Università Ca' Foscari di
Venezia)
|
|
13.15
- 14.45 |
Colazione
di lavoro |
|
|
Sessione
VI
Chairman:
Steven
Ongena (CentER - Tilburg University, TILEC & CEPR) |
-
Relazione
invitata: SME
Finance: Beyond Relationship Lending,
Gregory F. Udell (Indiana University)
- Distance
and Information Asymmetries in Lending Decisions, Sumit Agarwal (Federal
Reserve Bank of Chicago) e Robert
Hauswald (American University)
Moderatore:
Antonella Basso
(Università Ca' Foscari di Venezia & SSAV)
- What
Do One Million Credit Line Observations Tell Us about Exposure
at Default? A Study of Credit Line Usage by Spanish Firms, Gabriel Jiménez
(Banco de España), Jose A. Lopez
(Federal Reserve Bank of San Francisco)
e Jesús Saurina (Banco de España)
Moderatore:
Jan-Pieter Krahnen (Goethe Universität
Frankfurt)
|
|
16.30
- 18.00 |
Pausa caffè
e Sessione
POSTER |
|
18.00 |
Chiusura
dei lavori |
| |
|
