About the conference
Fourth BIS Research Network meeting
On 14 March 2016, the BIS held the fourth BIS Research Network meeting, bringing together researchers from academia and central banks exploring long-range research issues related to banking, monetary policy, regulation and financial stability. With financial intermediation and macroeconomic stability as the main theme, participants discussed the international transmission of credit bubbles, the effectiveness of monetary policy at the zero lower bound, the debt-equity mix, monetary policy and volatility of international capital flows, bank capital and lending behaviour.
Agenda
Luiz Awazu Pereira da Silva, Bank for International Settlements
Chair
Hyun Song Shin, Bank for International Settlements
| The international transmission of credit bubbles: theory and policy | |
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| paper presentation discussion | Alberto Martin and Jaume Ventura Discussant Enrique Mendoza |
| The "Reversal Rate": The effective lower bound on monetary policy" | |
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| paper presentation discussion | Markus K Brunnermeier and Yann Koby Discussant Loriana Pelizzon |
Chair
Dimitri Vayanos
| Capital structure and taxes: what happens when you (also) subsidize equity? | |
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| paper presentation discussion | Frédéric Panier, Francisco Pérez-González and Pablo Villanueva Discussant Elena Carletti |
| The effects of tax on bank liability structure | |
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| paper presentation discussion | Leonardo Gambacorta, Suresh M Sundaresan, Giacomo Ricotti and Zhenyu Wang Discussant Darrell Duffie |
Chair
Claudio Borio, Bank for International Settlements
| Self-oriented monetary policy, global financial markets and excess volatility of international capital flows | |
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| paper presentation discussion | Ryan Banerjee, Giovanni Lombardo and Michael B Devereux Discussant Charles Engel |
| Aggregate bank capital and credit dynamics | |
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| paper presentation discussion | Nataliya Klimenko, Sebastian Pfeil, Gianni De Nicolò and Jean-Charles Rochet Discussant Dimitri Vayanos |
Hyun Song Shin, Bank for International Settlements