PROGRAMME 2024
(all times are EST)
22nd April
Monday
11.15
Virtual Meeting Room Open
11.30
Registration and Lunch
Arrival Instructions: All in-person sessions will take place at the Bank of Canada, in the Conference Centre. To enter the Bank, please use the entrance to the Bank of Canada Museum, located at 30 Bank Street (corner of Bank and Wellington Streets) and bring a piece of government-approved photo identification.
Session Format: Presenter: 20 minutes; Discussant: 15 minutes; General Discussion: 10 minutes
12.15
Welcome & Housekeeping
12.20
OPENING REMARKS
Stephane Lavoie, Bank of Canada
12.30
Session 1: SAFE AND UNSAFE ASSETS DURING UNSTABLE TIME
Session Chair: TBC
Corporate Credit Provision
Leonardo Elias, Federal Reserve Bank of New York (joint with Nina Boyarchenko and Philippe Mueller)
Discussant: Patrick Augustin, McGill University
When do Treasuries Earn the Convenience Yield? — A Hedging Perspective
Toomas Laarits, NYU Stern School of Business (joint with Viral Acharya)
Discussant: Zhiyu Fu, University of Chicago
Identifying the Effects of Demand for Safe Assets
Tarik Umar, Rice University (joint with Jefferson Duarte)
Discussant: Iryna Kaminska, Bank of England
14.45
COFFEE BREAK
16.15
COFFEE BREAK
16.30
Panel Discussion: BEYOND THE SURFACE: A DEEP DIVE INTO THE STRUCTURE OF CANADIAN FIXED-INCOME MARKETS
Moderator: Toni Gravelle, Bank of Canada
Panellists:
Nabeel Rajan, RBC Capital Markets
Earl Davis, BMO Global Asset Management
Robert Catani, TMX
Marti Subrahmanyam, NYU
18.00
Dinner (by invitation only)
Bank of Canada, Noël Terrace, entrance via the East Tower at 245 Sparks St (Corner
of Sparks and Bank Street)
23rd April
Tuesday
08.15
Virtual Meeting Room Open
08.30
Continental Breakfast
Arrival Instructions: All in-person sessions will take place at the Bank of Canada, in the Conference Centre. To enter the Bank, please use the entrance to the Bank of Canada Museum, located at 30 Bank Street (corner of Bank and Wellington Streets) and bring a piece of government-approved photo identification.
Session Format: Presenter: 20 minutes; Discussant: 15 minutes; General Discussion: 10 minutes
09.30
Session 2: INTERNATIONAL FINANCIAL MARKET DISRUPTIONS
Session Chair: TBC
Currency Risk Under Capital Controls
Yang Liu, University of Hong Kong (joint with Xiang Fang and Sining Liu)
Discussant: Ingomar Krohn, Bank of Canada
U.S. Monetary Policy and International Bond Markets
Emanuel Moench, Frankfurt School of Finance & Management (joint with Tobias Adrian, Gaston Gelos and Nora Lamersdorf)
Discussant: Bruce Iwadate, City University of New York
The Central Bank’s Balance Sheet and Treasury Market Disruptions
Damon Petersen, MIT Sloan (joint with Adrien d’Avernas and Quentin Vandeweyer)
Discussant: Miklos Vari, Banque de France
11.45
LUNCH
12.45
Session 3: INFLATION, LIQUIDITY RISK, AND EXPECTATIONS IN TIMES OF TURMOIL
Session Chair: TBC
LASH Risk and Interest Rates
Ioana Neamtu, Bank of England (joint with Laura Alfaro, Saleem Bahaj, Robert Czech and Jonathon Hazel)
Discussant: Fabricius Somogyi, Northeastern University
Subjective Expectations and Equilibrium Yield Curves
Guihai Zhao, Bank of Canada
Discussant: Leland Farmer, University of Virginia
Financial Fragility and the Fiscal Multiplier
Christiaan van der Kwaak, Rijksuniversiteit Groningen (joint with Sweder van Wijnbergen)
Discussant: Yinxi Xie, Bank of Canada
15.00
CLOSING REMARKS
