The Federal Reserve Bank of Philadelphia and the Wharton Financial Institutions Center, in association with the Journal of Financial Intermediation, jointly sponsor a conference on

CONSUMER TRANSACTIONS AND CREDIT

Federal Reserve Bank of Philadelphia, 6th and Arch Streets, Philadelphia, PA

March 22-23, 2001

Thursday, March 22

5:45 PM Welcome Reception and Dinner, University of Pennsylvania Museum of Archaeology and Anthropology
Distinguished Address:  Anthony M. Santomero,  President Federal Reserve Bank of Philadelphia

Friday, March 23

8:15 AM Continental Breakfast
8:45 AM Welcoming Remarks:  Loretta J. Mester, Vice President and
  Director of Research, Federal Reserve Bank of Philadelphia
 
9:00 AM David Gross (University of Chicago)
Nicholas Souleles (University of Pennsylvania)
"Consumer Response to Changes in Credit Supply: Evidence from Credit Card Data"
  Discussant:  Paul Calem, Board of Governors of the Federal Reserve System
   
10:00 AM Break
   
10:20 AM Wei Fan (University of Michigan)
Michelle J. White (University of California, San Diego)
"Personal Bankruptcy and the Level of Entrepreneurial Activity"
Discussant: Mitchell Berlin, Federal Reserve Bank of Philadelphia
11:30 AM Lunch and Special Keynote Address:  Jean-Charles Rochet Université des Sciences Sociales de Toulouse
   
1:30 PM Charles Kahn (University of Illinois)
James McAndrews (Federal Reserve Bank of New York)
William Roberds (Federal Reserve Bank of Atlanta)
  "A Theory of Transactions Privacy"
  Discussant:  William Lang, Office of the Comptroller of the Currency
   
2:30 PM Break
   
2:50 PM Moshe Kim (University of Haifa)
Doron Kliger (University of Haifa)
  Bent Vale (Bank of Norway)
  "Estimating Switching Costs and Oligopolistic Behavior"
  Discussant: Steven Sharpe, Board of Governors of the Federal Reserve System
3:50 PM Break
4:10 PM Charles Kahn (University of Illinois)
George Pennacchi (University of Illinois)
Ben Sopranzetti (Rutgers University)
  "Bank Consolidation and Consumer Loan Interest Rates"
  Discussant: Leonard Nakamura, Federal Reserve Bank of Philadelphia
5:15 PM Reception, Federal Reserve Bank of Philadelphia

Back to Homepage

To Federal Reserve Bank of Philadelphia Conference Homepage:

http://www.phil.frb.org/econ/conf/mainpage.html