Financial Stability Analysis: Using the Tools, Finding the Data
Published: May 30, 2013
The OFR and the Federal Reserve Bank of Cleveland sponsored this conference at the Federal Reserve Board in Washington, D.C. The event focused on the data and tools needed for measuring and responding to potential threats to financial stability.
- Conference agenda
- Keynote remarks of OFR Director Richard Berner
- Keynote remarks of Sandra Pianalto, President and Chief Executive Officer of the Federal Reserve Bank of Cleveland
- Keynote remarks of Nellie Liang, Director, Office of Financial Stability Policy and Research, Board of Governors of the Federal Reserve System
- Call for Papers
Papers and Presentations
Day One: Thursday, May 30
Financial Stability Indexes
SAFE: An Early Warning System for Systemic Banking Risk
Mikhail Oet, Federal Reserve Bank of Cleveland
Timothy Bianco, Federal Reserve Bank of Cleveland
Dieter Gramlich, Baden-Wuerttemberg Cooperative State University
Stephen Ong, Federal Reserve Bank of Cleveland
CISS—A Portfolio-Theoretic Framework for the Construction of Composite Financial Stress Indices
Daniel Holló, Magyar Nemzeti Bank
Manfred Kremer, European Central Bank
Marco Lo Duca, European Central Bank
An Early Warning System for Financial Stress Events
Ian Christensen, Bank of Canada
Fuchun Li, Bank of Canada
Discussant: Seth Pruitt, Board of Governors of the Federal Reserve System
Economics of Risk Data
Cryptography and the Economics of Supervisory Information: Balancing Transparency and Confidentiality
Mark Flood, Office of Financial Research
Jonathan Katz, University of Maryland
Stephen Ong, Federal Reserve Bank of Cleveland
Adam Smith, Pennsylvania State University
Improving Systemic Risk Monitoring and Financial Market Transparency: Standardizing the Representation of Financial Instruments
Allan Mendelowitz, Deloitte Consulting
Willi Brammertz, University of Zurich/ETH
Khaldoun Khashanah, Stevens Institute of Technology
Mandatory Registration and Return Misreporting by Hedge Funds
Stephen Dimmock, Nanyang Technological University
William Gerken, University of Kentucky
Discussant: Peter Bloniarz, University at Albany, State University of New York
Panel Discussion 1
Transparency in Practice: Some Diverse Perspectives
Moderator: Mark Flood, Office of Financial Research
Panelists:
Alye Foster, Board of Governors of the Federal Reserve System
Hudson Hollister, Data Transparency Coalition
Mallesh Pai, University of Pennsylvania
Linda Powell, Office of Financial Research
Networks and Contagion
Optimal Systemic Risk Mitigation in Financial Networks
Agostino Capponi, Purdue University Peng-Chu Chen, Purdue University
A Network Model Approach to Systemic Risk in the Financial System
Shaun Wang, Georgia State University
Han Chen, Risk Lighthouse LCC
Efficiency and Stability of a Financial Architecture with Too Interconnected to Fail Institutions
Michael Gofman, University of Wisconsin–Madison
Discussant:
Kartik Anand, Bank of Canada
Day Two: Friday, May 31
Financial Stability and Aggregate Credit
Predicting Distress in European Banks
Frank Betz, European Investment Bank
Silviu Oprica, European Central Bank
Tuomas Peltonen, European Central Bank
Peter Sarlin, Abo Akademi University
The Credit-to-GDP Gap and Complementary Indicators for Macroprudential Policy: Evidence from the UK
Julia Giese, Bank of England
Henrik Andersen, Norges Bank
Oliver Bush, Bank of England
Christine Castro, Banco de Espana
Marc Farag, Bank of England
Sujit Kapadia, Bank of England
Equilibrium Credit: The Reference Point For Macroprudential Supervisors
Daniel Buncic, Institute of Mathematics and Statistics, University of St. Gallen
Martin Melecky, The World Bank
Discussant:
Rochelle Edge, Board of Governors of the Federal Reserve System
Financial Stability and Banks
Measuring Liquidity Mismatch in the Banking Sector
Jennie Bai, Federal Reserve Bank of New York
Arvind Krishnamurthy, Kellogg School of Management, Northwestern University
Charles-Henri Weymuller, Harvard University
Measuring Credit Risk in a Large Banking System: Econometric Modeling and Empirics
Andre’ Lucas, VU University Amsterdam
Bernd Schwaab, European Central Bank
Xin Zhang, Sveriges Riksbank
Vulnerable Banks
Robin Greenwood, Harvard University and NBER
Augustin Landier, Toulouse School of Economics
David Thesmar, HEC Paris and CEPR
Discussant:
Camelia Minoiu, International Monetary Fund
Panel Discussion 2
Applying the Data and Tools: Development of Macroprudential Policy for Financial Stability
Moderator:
Mark Sniderman, Federal Reserve Bank of Cleveland
Panelists:
Robert Avery, Federal Housing Finance Agency
Andreas Lehnert, Board of Governors of the Federal Reserve System
Harry Mamaysky, Citigroup
Mila Getmansky Sherman, University of Massachusetts Amherst