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Accounting, Transparency and Bank Stability

17–18 May 2004 | Basel, Switzerland

About the workshop

A joint workshop hosted by the Basel Committee on Banking Supervision, the Centre for Economic Policy Research (CEPR), and the Journal of Financial Intermediation.

 

  • Urs Birchler (Swiss National Bank)
  • Martin Birn (Basel Committee Secretariat)
  • Mark Flannery (University of Florida)
  • Reint Gropp (European Central Bank)
  • Rafael Repullo (CEMFI and CEPR)
  • Ernst-Ludwig von Thadden (Université de Lausanne, CEPR, NCCR FinRisk and JFI)
  • Anjan Thakor (Washington University)

Financial support by the national centre of competence in research «Financial valuation and risk management» is gratefully acknowledged. The national centres of competence in research are managed by the Swiss National Science Foundation on behalf of the Federal Authorities.

Agenda

Opening remarks by Malcolm Knight (Bank for International Settlements)

Chair: Patricia Jackson (Bank of England)
Liquidity Risk and ContagionRodrigo Cifuentes (Central Bank of Chile)
Gianluigi Ferrucci (Bank of England)
Hyun Song Shin (London School of Economics)
Discussion
Discussion
Anjan Thakor (Washington University)
Philipp Hartmann (European Central Bank)
Financing Choices of Banks: The Role of non-Binding Capital RequirementsJie Gan (Hong Kong University of Science and Technology)
Discussion
Discussion
Rafael Repullo (CEMFI and CEPR)
Júrg Blum (Swiss National Bank)
Procyclicality in Basel II: Can we Treat the Disease Without Killing the Patient?Michael Gordy (Board of Governors of the Federal Reserve System)
Bradley Howells (Board of Governors of the Federal Reserve System)
Discussion
Discussion
Charles Goodhart (London School of Economics)
Claudio Borio (Bank for International Settlements)

Chair: Anjan Thakor (Washington University and JFI)
Accounting Standards and Information Inferences from Cross Listed Financial FirmsJohn Ammer (Board of Governors of the Federal Reserve System)
Nate Clinton (Board of Governors of the Federal Reserve System)
Greg Nini (Board of Governors of the Federal Reserve System)
Discussion
Discussion
Jean Dermine (INSEAD)
Erlend Nier (Bank of England
Playing Hardball: Relationship Banking in the Age of Credit Derivatives Stefan Arping (University of Amsterdam)
Discussion
Discussion
Ernst-Ludwig von Thadden (Université de Lausanne, CEPR, NCCR FinRisk and JFI)
Pierre Monnin (Swiss National Bank) 
Relationship Lending, Accounting Disclosure and Credit Availability During CrisisWenying Jiangli (Federal Deposit Insurance Corporation)
Haluk Unal (University of Maryland)
Chiwon Yom (Federal Deposit Insurance Corporation)
Discussion
Discussion
Ralf Elsas (University of Frankfurt)
Reint Gropp (European Central Bank)

Remarks by Jaime Caruana, Governor of the Bank of Spain and Chairman of the Basel Committee on Banking Supervision

Chair: Ernst-Ludwig von Thadden (Université de Lausanne, CEPR, NCCR FinRisk and JFI)
Do Sophisticated Investors Understand Accounting Quality? Evidence from Bank LoansSreedhar T. Bharath (University of Michigan)
Jayanthi Sunder (Northwestern University)
Shyam V. Sunder (Northwestern University)
Discussion
Discussion
Mark Flannery (University of Florida)
Joao Santos (Federal Reserve Bank of New York) 
Screening CyclesThomas Gehrig (University of Freiburg)
Rune Stenbacka (Swedish School of Economics)
Discussion
Discussion
Javier Suarez (CEMFI)
Ingrid Stein (Deutsche Bundesbank)
Loan-Portfolio Quality and the Diffusion of Technological InnovationRobert Hauswald (American University)
Robert Marquez (University of Maryland)
Discussion
Discussion
Arnoud Boot (University of Amsterdam) 
Urs Birchler (Swiss National Bank) 

Chair: Claudio Borio (Bank for International Settlements)
Market Discipline under Systemic Risk: Evidence from Bank Runs in Emerging EconomiesEduardo Levy-Yeyati (University Torcuato di Tella)
Maria Soledad Martinez Peria (World Bank)
Sergio L. Schmukler (World Bank)
Discussion
Discussion
Solomon Tadesse (University of South Carolina)
Laura Kodres (IMF)
Testing the Strong-Form of Market Discipline: The Effects of Public Market Signals on Bank RiskSimon Kwan (Federal Reserve Bank of San Francisco)
Discussion
Discussion
Loriana Pelizzon (University of Padova and GRETA)
Edward Prescott (Federal Reserve Bank of Richmond)
Disclosure, Volatility and Transparency: An Empirical Investigation into the Value of Bank DisclosureUrsel Baumann (Bank of England)
Erlend Nier (Bank of England)
Discussion
Discussion
Olivier Scaillet (University of Geneva)
Diana Hancock (Board of Governors of the Federal Reserve System)

Closing remarks by Urs Birchler (Swiss National Bank)