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Global Financial Interconnectedness

1–2 October 2015 | Basel, Switzerland

About the conference

Third BIS Research Network meeting

A joint conference of the Bank for International Settlements, the Netherlands Bank, the Deutsche Bundesbank and the Review of Finance, Thursday 1 and Friday 2 October 2015, hosted by the BIS.

Agenda

Jaime Caruana, General Manager | remarks

Chair 

Christian Upper

Global liquidity and external bond issuance in emerging markets and developing economies
paper
presentation
discussion

Authors

E Feyen, S Ghosh, K Kibuuka, S Farazi

Discussant 

Adrian van Rixtel

Global liquidity and drivers of cross-border bank flows
paper
presentation
discussion

Authors

E Cerutti, S Claessens, L Ratnovski 

Discussant

Bob McCauley

Richard Berner (US Office of Financial Research) | remarks

Chair 

Michael Devereux

Banks interconnectivity and leverage
paper
presentation
discussion

Authors

A Barrattieri, L Moretti and V Quadrini

Discussant 

Martin Summer

Crisis transmission in the global banking network
paper
presentation
discussion

Authors

G Hale, T Kapan and C Minoiu

Discussant

Linda Goldberg

The euro area money market network during the financial crisis: a look at cross-border fragmentation
paper
presentation
discussion

Authors

C Hidalgo, F Heider and G Rünstler

Discussant

Iman van Lelyveld

Darrell Duffie (Stanford University) | presentation

Chair 

Morten Bech

A network map of information percolation
discussion

Authors

B Hagströmer and A Menkveld

Discussant 

Andrei Kirilenko

Distress dispersion and systemic risk in networks
paper
discussion

Authors

J Wang

Discussant

Tanju Yorulmazer

Chair 

Thorsten Beck

Learning externalities in opaque asset markets: evidence from international commercial real estate
paper
presentation
discussion

Authors

R Füss and D Ruf 

Discussant 

Andreas Joseph

Comovement or safe haven? The effect of corruption on the market risk of sovereign bonds of emerging economies during financial crises
paper
presentation
discussion

Authors

M Paserman

Discussant

Harald Hau

The bank-sovereign nexus across borders
paper
presentation
discussion

Authors

 J Breckenfelder and B Schwaab

Discussant

Jorge Cruz Lopez

Chair 

Iman van Lelyveld

Currency networks in cross-border bank lending
paper
presentation
discussion

Authors

S Avdjiev and E Takáts

Discussant 

Cédric Tille

Passing the hot potato: how does credit risk flow in the CDS market?
discussion

Authors

S Battiston, M D'Errico, T Peltonen and M Scheicher

Discussant

Silvia Pezzini 

Exploring supervisory data
presentation

Authors

C Georg

Chair 

Goetz von Peter

Interconnectedness of the banking sector as a vulnerability to crises
paper
presentation
discussion

Authors

T Peltonen, M Rancan and P Sarlin

Discussant 

Kartik Anand

Syndication interconnectedness and systemic risk
paper
presentation
discussion

Authors

J Cai, A Saunders and S Steffen

Discussant

Vlad Sushko

Hyun Song Shin, Economic Adviser and Head of Research | remarks