The Sixteenth New York Fed / NYU Stern Conference on Financial Intermediation

Conference Announcement
May 05, 2023
A conference jointly organized by the Federal Reserve Bank of New York and the Salomon Center of New York University's Leonard N. Stern School of Business. The goal of this conference is to enhance the interaction among researchers interested in financial intermediation.


watch the event


Session 1

Session 2

Session 3

Session 4

Session 5

Session 6

Session 7

This event is open to academics and other researchers in the fields of economics and finance.

This event is open to media and all remarks are on the record. The event will be recorded, with the recording to be made available afterward. Media who wish to attend or have questions should contact Suzanne Elio.

2021, 2019

Please address any questions to  ny.researchconference@ny.frb.org.

Event Details
Federal Reserve Bank of New York
13th Floor Conference Center, Room 13-36
33 Liberty Street
New York, NY 10045

Wenxin Du, Federal Reserve Bank of New York
Anna Kovner, Federal Reserve Bank of New York
Simone Lenzu, New York University
Stephan Luck, Federal Reserve Bank of New York
Philipp Schnabl, New York University

Matthew Baron, Cornell University
Juliane Begenau, Stanford University
Efraim Benmelech, Northwestern University
Matteo Benneton, University of California, Berkeley
Tobias Berg, Frankfurt School of Finance & Management
Lamont Black, DePaul University
Natalie Cox, Princeton University
Olivier Darmouni, Columbia University
Isil Erel, The Ohio State University
Sam Hanson, Harvard Business School
Victoria Ivashina, Harvard Business School
Elisabeth Kempf, Harvard Business School
Yiming Ma, Columbia University
Frederic Malherbe, University College London
Lira Mota, Massachusetts Institute of Technology
Martin Oehmke, London School of Economics
Christian Opp, University of Rochester
Cecilia Parlatore, New York University
José-Luis Peydró, Imperial College London
Giorgia Piacentino, Columbia University
Adriano Rampini, Duke University
Ishita Sen, Harvard Business School
Philip Strahan, Boston College
David Thesmar, Massachusetts Institute of Technology
Margarita Tsoutsoura, Washington University in St. Louis
Neeltje Van Horen, Bank of England
Emil Verner, Massachusetts Institute of Technology
Jonathan Wallen, Harvard Business School
Emily Williams, Harvard Business School
Kairong Xiao, Columbia University
Chenzi Xu, Stanford University


8:30am Registration and Continental Breakfast
9:15am Diversion Risk, Markups, and the Financing Cost Advantage of Trade Credit
Tim Schmidt-Eisenlohr, Federal Reserve Board
Álvaro García Marín, Universidad de los Andes
Santiago Justel, World Bank

Discussant: Linda Goldberg, Federal Reserve Bank of New York
10:05am Survival of the Biggest: Large Banks and Crises since 1870
Matthew Baron, Cornell University
Moritz Schularick, University of Bonn
Kaspar Zimmermann, Leibniz Institute for Financial Research SAFE

Discussant: Chenzi Xu, Stanford Graduate School of Business
10:55am Coffee Break
11:10am Crisis Interventions in Corporate Insolvency
Samuel Antill, Harvard Business School
Christopher Clayton, Yale University

Discussant: Giorgia Piacentino, Columbia University and USC
12:00pm Lunch & Panel Session
The Current Monetary Policy Tightening Cycle: What Could Go Wrong?

Moderator: Anna Kovner, Federal Reserve Bank of New York

Seth Carpenter, Morgan Stanley
Fiona Greig, Vanguard
Zoltan Poszar
Brad Setser, Council on Foreign Relations

1:30pm The Impact of Minority Representation at Mortgage Lenders
W. Scott Frame, Federal Reserve Bank of Dallas
Erik Mayer, Southern Methodist University
Ruidi Huang, Southern Methodist University
Adi Sunderam, Harvard Business School

Discussant: Carlos Fernando Avenancio-León, University of California—San Diego
2:20pm Tracing Banks' Credit Allocation to Their Funding Costs
Anne Duquerroy, Banque de France
Adrien Matray, Princeton University
Farzad Saidi, University of Bonn

Discussant: Daniel Paravisini, London School of Economics
3:10pm Refreshment Break
3:30pm How Abundant Are Reserves? Evidence from the Wholesale Payment System
Gara Afonso, Federal Reserve Bank of New York
Darrell Duffie, Stanford Graduate School of Business
Lorenzo Rigon, Stanford Graduate School of Business
Hyun Song Shin, Bank for International Settlements

Discussant: Viral Acharya, NYU Stern
4:20pm Adjourn

Viral Acharya
C.V. Starr Professor Economics
NYU, Stern School of Business

Gara Afonso
Head of Banking Studies
Federal Reserve Bank of New York

Carlos Fernando Avenancio-León
Assistant Professor
University of California—San Diego

Matthew Baron
Assistant Professor
Cornell University

Seth Carpenter
Global Chief Economist
Morgan Stanley

Christopher Clayton
Assistant Professor of Finance
Yale School of Management

Linda Goldberg
Financial Research Advisor on Financial Intermediation Policy Research
Federal Reserve Bank of New York

Fiona Greig
Global Head of Investor Research and Policy

Anna Kovner
Director Financial Stability Research Division
Federal Reserve Bank of New York

Erik Mayer
Assistant Professor
Southern Methodist University

Daniel Paravisini
Professor of Finance
London School of Economics

Giorgia Piacentino
Associate Professor
Columbia University and USC

Zoltan Pozsar

Farzad Saidi
University of Bonn

Tim Schmidt-Eisenlohr
Principal Economist
Federal Reserve Board

Brad Setser
Whitney Shepardson Senior Fellow
Council on Foreign Relations

Chenzi Xu
Assistant Professor of Finance
Stanford Graduate School of Business


By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement.   Close