Evidence suggests that the costs of banking crises in terms of lost economic growth are higher in emerging market economies than in industrial countries, and that problems in a single bank have a high probability of turning into a systemic crisis. The evidence also suggests that in recent years many banking systems in emerging markets experienced a deep transformation under the pressure of internal financial liberalization, increased openness to international capital flows, and technological and financial innovations. The most recent financial crisis and global recession have put further pressure on banking institutions and financial markets in emerging economies.
Programme
| Thursday 7 October | ||
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| 8.45 | Registration | |
| 9.00–11.15 | Session I | Foreign banks in emerging markets |
| Chair | Jouko Vilmunen (Bank of Finland) | |
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Peer monitoring or contagion? Interbank market exposures and bank risk
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| Author(s) | F.R. Liedorp (De Nederlandsche Bank) L. Medema (University of Groningen) M. Koetter (University of Groningen) R.H. Koning (University of Groningen) I. van Lelyveld (De Nederlandsche Bank) |
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| Yiwei Fang (Rensselaer Polytechnic Institute) | ||
| Foreign banks and financial stability in emerging markets: evidence from the global financial crisis | ||
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| Author(s) | Ursula Vogel (Frankfurt School of Finance and Management) Adalbert Winkler (Frankfurt School of Finance and Management) |
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| Rainer Haselmann (Bonn Graduate School of Economics) | ||
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Paper Presentation
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Foreign bank presence and its effect on firm entry and exit in transition economies
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| Author(s) | Olena Havrylchyck (CEPII) Emilia Jurzyk (International Monetary Fund) |
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| Timo Korkeamäki (Bank of Finland) | ||
| 11.15–11.45 | Break | |
| 11.45–13.00 | Keynote lecture | The finance-growth research agenda: from depth to breadth |
| Thorsten Beck (Tilburg University) | ||
| 13.00–14.30 | Lunch | |
| 14.30–16.45 | Session II | Institutions and banks |
| Chair | Iftekhar Hasan (Rensselaer Polytechnic Institute) | |
| Bank capital, liquidity creation and deposit insurance | ||
| Author(s) | Zuzana Fungáčová (Bank of Finland) Laurent Weill (University of Strasbourg) Mingming Zhou (University of Colorado at Colorado Springs) |
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| Sris Chatterjee (Fordham University) | ||
| Regulatory reform and convergence in banking: The case of China | ||
| Author(s) | James C. Brau (Brigham Young University) Drew Dahl (Utah State University) Hongjing Zhang (Northeast Dianli University) Mingming Zhou (University of Colorado at Colorado Springs) | |
| Ana Lozano-Vivas (University of Málaga) | ||
| Paper | An empirical assessment on procyclicality of loan-loss provisions of banks in EMEAP economies | |
| Author(s) | Eric Wong (Hong Kong Monetary Authority) Tom Fong (Hong Kong Monetary Authority) Henry Choi (Hong Kong Monetary Authority) |
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| Esa Jokivuolle (Bank of Finland) | ||
| 18.30 | Dinner at the Bank of Finland's Banqueting Hall | |
| Friday 8 October | ||||
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| 9.00–11.15 | Session III | Lending to emerging markets | ||
| Chair | Laurent Weill (University of Strasbourg) | |||
| Paper Presentation | Bank ownership, proximity to borrowers and lending behavior – Evidence from syndicated loans | |||
| Author(s) | Senay Agça (George Washington University) Hein Bogaard (George Washington University) Oya Celasun (International Monetary Fund) | |||
| Comments | Fotios Pasiouras (Technical University of Crete) | |||
| Paper Presentation | Running for the exit: International banks and crisis transmission | |||
| Author(s) | Ralph de Haas (European Bank for Reconstruction and Development) Neeltje van Horen (De Nederlandsche Bank) Jeromin Zettelmeyer (European Bank for Reconstruction and Development) |
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| Comments | Zuzana Fungáčová (Bank of Finland) | |||
| Paper Presentation | Bank lending to emerging markets: Empirical evidence on country-level and bank-specific determinants | |||
| Author(s) | Oliver Mueller (University of Bochum) André Uhde (University of Bochum) |
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| Comments | Aaron Mehrotra (Bank of Finland) | |||
| 11.15–11.45 | Break | |||
| 11.45–13.30 | Session IV | Banking, networks and economic integration | ||
| Chair | Iikka Korhonen (Bank of Finland) | |||
| Paper Presentation | Global banking network and cross-border capital flows | |||
| Author(s) | Galina Hale (Federal Reserve Bank of San Francisco) Christopher Candelaria (Stanford University) Julian Caballero (UC Santa Cruz) Sergey Borisov (AT&T Interactive) |
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| Comments | Yiwei Fang (Rensselaer Polytechnic Institute) | |||
| Paper Presentation | (Inter-state) banking and (inter-state) trade: Does real integration follow financial integration? | |||
| Author(s) | Tomasz Michalski (HEC Paris) Evren Örs (HEC Paris) |
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| Comments | Ahmet Faruk Aysan (Bogazici University) | |||
| Paper Presentation | Skin in the game in the originate-to-distribute model: Evidence from the online social lending market | |||
| Author(s) | Thomas Hildebrand (ESMT European School of Management and Technology) Manju Puri (Duke University) Jörg Rocholl (ESMT European School of Management and Technology) |
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| Comments | Yishay Yafeh (The Hebrew University) | |||
| 13.30–14.45 | Lunch | |||
| 14.45–15.00 | Closing words and end of the conference | |||