Financial Structure and Monetary Policy Channels
July 10-11, 2003
Conference jointly organized with the CEPR and the Journal of Financial Intermediation. The Program Committee is composed of Ignazio Angeloni (Bank of England), Xavier Freixas (UPF), Jordi Galí (CREI), Anil Kashyap (University of Chicago GSB), Benoit Mojon (ECB), Eric Rosengren (FRB of Boston), Anjan Thakor (Washington University, Olin School of Business) and David Wilcox (Board of Governors of the FRS).
The conference brought together first-rate current research on the impact of banking structure on the transmission of monetary policy. A broad range of issues were covered such as: the monetary policy channels and the role of banks, the bank lending or bank capital channel, financial system architecture and monetary policy, disintermediation and its effects on monetary policy among others.
Working papers available
Bank Capital and Lending Behaviour: Empirical Evidence for Italy
by Leonardo Gambacorta (with Paolo Emilio Mistrulli)
Institutional Memory Hypothesis and the Procyclicality of Bank Lending Behaviour
by Allen N Berger (with Gregory Udell)
Evidence for a Debt Financing Channel in Corporate Investment
by Robin Greenwood
Co-ordination Failures and the Lender of Last Resort: Was Bagehot Right after All?
by Xavier Vives (with John Charles Rochet)
Information Contagion and Inter-Bank Correlation in a Theory of Systemic Risk
by Viral V Acharya (with Tanju Yorulmazer)
Corporate Finance and the Monetary Transmission Mechanism
by Patrick Bolton (with Xavier Freixas)
House Prices, Consumption and Monetary Policy: A Financial Accelerator Approach
by Kosuke Aoki (with James Proudman and Gertjan Vlieghe)
Loan Pricing Under Basel Capital Requirements
by Javier Suárez (with Rafael Repullo)
Bank Networks and Monetary Policy Transmission
by Michael Ehrmann (with Andreas Worms)