Thursday, September 17 2020
| 1.00 pm |
Session 1: Welcoming Remarks & Keynote Speech |
| 1.00 pm |
Welcoming Remarks: Andrew Bailey, Governor, Bank of England
Chair: Iryna Kaminska, Bank of England
|
| 1.10 pm |
Keynote Speech: Still the World’s Safe Haven? Redesigning the U.S. Treasury Market After the COVID19 Crisis
Darrell Duffie, Stanford University
Chair: Paolo Pasquariello, Ross School of Business, University of Michigan
|
| 1.55 _pm |
Coffee break |
|
| 2.05 _pm |
Session 2: QE and its FX Effects
Chair: Iryna Kaminska, Bank of England |
| 2.05 pm |
Effectiveness and Addictiveness of Quantitative Easing
Peter Karadi, European Central Bank & CEPR (joint with Anton Nakov)
Discussant: Richard Harrison, Bank of England
|
| 2.50 pm |
A Preferred-Habitat Model of Term Premia and Currency Risk
Walker Ray, London School of Economics (joint with Pierre-Olivier Gourinchas and Dimitri Vayanos)
Discussant: Corey Garriott, Bank of Canada
|
| 3.35 pm |
Medium Term Treatment and Side Effects of Quantitative Easing: International Evidence
Livio Stracca, European Central Bank (joint with Roland Beck and Ioana Duca-Radu)
Discussant: Filip Zikes, Federal Reserve Board
|
| 4.20 pm |
Coffee break |
| 4.30 pm |
Session 3: Trade and Network Effects in the OTC Bond Markets
Chair: Andrea Buraschi, Imperial College |
| 4.30 pm |
Clients’ Connections - Measuring the Role of Private Information in Decentralised Markets
Gábor Pintér, Bank of England (joint with Péter Kondor)
Discussant: Davide Tomio, Darden University of Virginia
|
| 5.15 pm |
Contagion in Dealer Networks
Adrian Walton, Bank of Canada (joint with Jean-Sébastien Fontaine)
Discussant: Michael Schneider, Bundesbank
|
| 6.00 pm |
Limited Participation and Local Currency Sovereign Debt
Nicola Borri, LUISS Universityd (joint with Kirill Shakhnov)
Discussant: Virginia Gianinazzi, University of Lugano
|
| 6.45 pm |
Close of day's programme |
|
|
Friday, September 18, 2020
| 1.45 pm |
Session 4: Conversation & Panel Discussion |
| 1.45 pm |
Conversation with Ben Broadbent, Bank of England
|
| 2.15 pm |
Panel Discussion (private, by invitation only): “The Role of Government Bonds asRisk-free Assets in a Pandemic”
Chair: Marti Subrahmanyam, NYU Stern |
| |
Gaston Gelos, International Monetary Fund
Cornelia Holthausen, European Central Bank
Giuseppe Maraffino, Barclays
Jan Vlieghe, Bank of England
Jessica Pulay, United Kingdom Debt Management Office
|
| 3.30 pm |
Coffee break |
| 3.45 pm |
Session 5: Safe Assets and Financial Stability in Times of Turmoil
Chair: Loriana Pelizzon, SAFE-Goethe University Frankfurt |
| 3.45 pm |
Optimal Bailouts with the Doom Loop and Financial Contagion
Felix C. Corell, European University Institute (joint with Agostino Capponi and Joseph E. Stiglitz)
Discussant: Dimitri Vayanos, London School of Economics, CEPR & NBER
|
| 4.30 pm |
Agency MBS as Safe Assets
Zhaogang Song, The Johns Hopkins Carey Business School (joint with Zhiguo He)
Discussant: Steve Schaefer, London Business School
|
| 5.15 pm |
Benchmark Interest Rates when the Government is Risky
Patrick Augustin, McGill University (joint with Mikhail Chernov, Lukas Schmid and Dongho Song)
Discussant: Nina Boyarchenko, Federal Reserve Bank of New York
|
| 6.00 pm |
Closing Remarks |
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