Back to HomepageThe Federal Reserve Bank of Boston, in association with the Journal of Financial Intermediation, jointly sponsor a conference on
THE IMPACT OF ECONOMIC SLOWDOWNS ON FINANCIAL INSTITUTIONS AND THEIR REGULATORS
Federal Reserve Bank of Boston, 600 Atlantic Avenue, Boston, MA
April 17-19, 2002
Wednesday, April 17
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Welcome Reception Federal Reserve Bank of Boston, 31st Floor |
Thursday, April 18
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8:00 AM |
Continental Breakfast New England Room |
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8:20 AM |
Welcoming Remarks: Lynn E. Browne and Eric S. Rosengren |
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Federal Reserve Bank of Boston |
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SESSION I: IMPACT OF ECONOMIC DOWNTURNS ON BANKS |
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8:30 AM |
Miguel Angel Segoviano (London School of Economics) |
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Philip Lowe (Bank of International Settlements) |
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"Internal Ratings, the Business Cycle and Capital Requirements: Some Evidence from an Emerging Market Economy" |
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Discussant: Frederic S. Mishkin, Columbia University |
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9:30 AM |
Eva Catarineu-Rabell (University of Pompeu Fabra and Bank of England) |
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Patricia Jackson (Bank of England) |
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Dimitrios P. Tsomocos (Bank of England and International Financial Stability Programme) |
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"Procyclicality and the New Basel Accord -- Banks' Choices of Loan Rating System" |
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Discussant: Michael W. Klein, Tufts University |
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10:30 AM |
Break |
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11:00 AM |
John Jordan (Federal Reserve Bank of Boston) |
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Eric Rosengren (Federal Reserve Bank of Boston) |
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"Economic Cycles, Collateral Cycles and Bank Health" |
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Discussant: Klaas H.W. Knot, De Nederlandsche Bank |
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Noon |
Lunch |
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SESSION II: AFFECT OF ECONOMIC DOWNTURNS ON BANK REGULATION |
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1:30 PM |
Anjan V. Thakor (University of Michigan) |
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"Banking Stability, Reputational Rents, and the Stock Market: Should Bank Regulators Care about Stock Prices" |
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Discussant: Arnoud W.A. Boot, University of Amsterdam |
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2:30 PM |
George Pennacchi (University of Illinois) |
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"Bank Deposit Insurance and Business Cycles: Controlling the Volatility of Risk-Based Premiums" |
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Discussant: George G. Kaufman, Loyola University-Chicago |
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3:30 PM |
Break |
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4:00 PM |
Introduction of Distinguished Speaker: Cathy E. Minehan, Federal Reserve Bank of Boston |
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Address: E. Gerald Corrigan, Goldman, Sachs & Co. |
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5:00 PM |
Reception Federal Reserve Bank of Boston, 31st Floor |
Friday, April 19
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8:00 AM |
Continental Breakfast New England Room |
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SESSION III: AUDITING BANKS DURING ECONOMIC DOWNTURNS |
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8:30 AM |
Luc Laeven (The World Bank) |
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Giovanni Majnoni (The World Bank) |
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"Loan Loss Provisioning and Economic Slowdown: Too Much Too Late?" |
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Discussant: S. P. Kothari, MIT |
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9:30 AM |
Jeffery W. Gunther (Federal Reserve Bank of Dallas) |
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Robert R. Moore (Federal Reserve Bank of Dallas) |
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"Loss Underreporting and the Auditing Role of Bank Exams" |
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Discussant: George Plesko, MIT |
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10:30 AM |
Break |
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11:00 AM |
Reint Gropp (European Central Bank) |
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Jukka Vesala (European Central Bank) |
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| Giuseppe Vulpes (European Central Bank) | |
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"Equity and Bond Market Signals as Leading Indicators of Bank Fragility" |
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Discussant: Christopher James, University of Florida |
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Noon |
Lunch and Adjournment |
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