CREDIT 2012
General Information

Welcome

Programme & Papers
Conference Venue
Registration
Committees
Past CREDIT Events
Technical Information
Call for Papers
Keynote Speakers
Important Dates
Author Instructions
Travel & Lodging
Accommodations
Social Dinner
About Venice
Must See-sights


Programme

Thursday, September 27 2012

08.30 - 09.00 Registration
09.00 - 09.15

Welcome Address: Guido Cazzavillan (Univeristà Ca' Foscari Venezia)
Opening Remarks: Stephen M. Schaefer (London Business School)

09.15 - 11.00 Session I: INTERLINKAGES IN SOVEREIGN RISK
Chairman: Stephen M. Schaefer (London Business School)
      • Key-note talk: Exorbitant Privilege and Exorbitant Duty: the United States and the International Financial System
        Hélène Rey
        (London Business School)
      • Measuring Sovereign Contagion in Europe
        Massimiliano Caporin (Univerisità di Padova), Loriana Pelizzon (Univeristà Ca' Foscari Venezia & MIT Sloan), Francesco Ravazzolo (Norges Bank & BI Norwegian Business School) and Roberto Rigobon (MIT Sloan & NBER)
        Discussant: Alain Monfort (CREST, Banque de France & University of Maastricht)
11.00 - 11.30 Coffee break
11.30 - 13.00 Session II: A STRUCTURAL VIEW OF SOVEREIGN RISK AND ITS RELATION TO THE PRICING OF CORPORATE CREDIT
Chairman: Domenico Sartore (Università Ca’ Foscari Venezia & GRETA)
      • Corporate and Sovereign Credit Risk in the Euro Area During the Period 2007-2011
        Alessandro Fontana (Geneva Finance Research Institute & FINRISK)
        Discussant: Alberto Plazzi (University of Lugano & Swiss Finance Institute)
13.00 - 14.30 Lunch
14.30 - 16.00 Session III: LIQUIDITY EFFECTS AND RISK PREMIA IN SOVEREIGN RISK
Chairman: Monica Billio (Università Ca’ Foscari Venezia & GRETA)
      • Sovereign Risk Premia
        Nicola Borri (LUISS Guido Carli, Rome) and Adrien Verdelhan (MIT & NBER)
        Discussant: Stephen M. Schaefer (London Business School)
16.00 - 17.00 Coffee break and Poster Session 1
17.00 - 18.00 Session IV: RISK EXPOSURES IN BANKING AND SOVEREIGN RISK
Chairman: Alain Monfort (CREST, Banque de France & University of Maastricht)
      • Sovereign Default and Banking
        Igor Livshits (University of Western Ontario, BEROC) and Koen Schoors (University of Ghent)
        Discussant: Marcello Pericoli (Banca d’Italia)
20.30 Social dinner

 

Friday, September 28 2012

09.15 - 10.45 Session V: SYSTEMIC RISK
Chairman: Massimiliano Marini (Intesa Sanpaolo)
      • Bilateral Exposures and Systemic Solvency Risk
        Christian Gouriéroux (CREST & University of Toronto), Jean-Cyprien Héam (CREST & ACP) and Alain Monfort (CREST, Banque de France & University of Maastricht)
        Discussant: Andrea Giacomelli (GRETA, Venice)
10.45 - 11.15 Coffee break
11.15 - 12.45 Session VI: SOVEREIGN CREDIT RATINGS AND CREDIT MARKET COMPETITION
Chairman: Andrea Giacomelli (GRETA, Venice)
      • Sovereign Debt Rating Changes, Corruption and the Stock Market
        Alexander Michaelides (University of Cyprus, CEPR & NETSPAR), Andreas Milidonis (University of Cyprus), George Nishiotis (University of Cyprus) and Panayiotis Papakyriacou (University of Cyprus)
        Discussant: Roger M. Stein (Moody's Corporation & MIT)
12.45 - 14.15 Lunch
14.15 - 15.30 Session VII: PROSPECTS FOR THE EUROZONE AND CREDIT SUPPLY
Chairman: Pierluigi Gilibert (European Investment Bank)
      • Credit Supply During a Sovereign Crisis
        Marcello Bofondi (Banca d'Italia), Luisa Carpinelli (Banca d'Italia) and Enrico Sette (Banca d'Italia)
        Discussant: Marcella Lucchetta (Università Ca’ Foscari Venezia)
15.30 - 16.30 Coffee break and Poster Session 2
16.30 - 18.00 PANEL SESSION: SOVEREIGN DEBT CRISIS AND THE FUTURE OF EURO: LOOKING AHEAD
Chairman: Fabrizio Galimberti (Il Sole 24 Ore)
 

Participants:

  • Andrea Beltratti (Intesa Sanpaolo, Chairman of the Management Board)
  • Maria Cannata (Ministry of Economy and Finance, Department of the Treasury, Director General of the Public Debt Directorate)
  • Robert W. Jenkins (Financial Policy Committee of the Bank of England & London Business School)
  • Fabio Panetta (Banca d’Italia, Managing Director for the Eurosystem and the Financial Stability)
  • Hélène Rey (Banque de France, Board of the Collège de l'Autorité de Contrộle Prudentiel & London Business School)
  • Stefano Visalli (McKinsey, Director, Member of the European Banking Exco)

 

18.00 End of Conference
Sponsors:
GRETA
Intesa San Paolo
pixarprinting.it
Auspices:
Dipartimento di Economia ICEF
ABI

European Investment Bank

 

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