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Plenary Panel: European Banking Crisis

Saturday, March 14, 2015: 11:30 AM-1:00 PM
Chair:
Charles Calomiris, Columbia Business School—USA

Speakers:
Sascha Steffen, European School of Management and Technology—Germany



Presentation Title: Do Central Bank Interventions Limit the Market Discipline from Short-Term Debt?

Biography: Sascha Steffen is an Associate Professor at ESMT European School of Management and Technology. Prior to joining academia, he worked in credit risk management related areas at Deutsche Bank in Frankfurt and New York, working with Hedge Funds and structured credit products. He received his Ph.D. in finance with honors (summa cum laude) from the Goethe University Frankfurt in 2007. His research is in the area of empirical financial intermediation and banking, and has been supported by the FDIC and the German Research Foundation (DFG). Sascha was awarded the Lamfalussy Fellowship from the European Central Bank in 2010.

Aurore Burietz, IÉSEG School of Management—France



Presentation Title: Home sweet home: Bank lending characteristics and the impact of the recent global financial crisis

Biography: Aurore Burietz is a French Economist and works at the IESEG School of Management. Burietz holds a Ph.D. in Economics from the University of Picardie, Jules Verne, and was a visiting scholar at Columbia University in 2013. Her research interests include banking, financial institutions and sovereign debt crises.

Florian Heider, European Central Bank—Germany



Presentation Title: Lending-of-last-resort is as lending-of-last-resort does: Liquidity provision and interbank market functioning in the euro area

Biography: Florian Heider is a Principal Economist in the Financial Research Division of the European Central Bank (ECB) in Frankfurt, Germany. Prior to the ECB, he was a Visiting Assistant Professor of Finance at the Stern School of Business, New York University and a Research Fellow at the Financial Markets Group, London School of Economics. He holds a Ph.D. in Economics from the Catholic University of Louvain. His research focuses on banking and corporate finance. He has published in the Journal of Financial Economics, the Review of Financial Studies, the Review of Finance, and other peer reviewed academic journals.

Do Central Bank Interventions Limit the Market Discipline from Short-Term Debt?
Sascha Steffen, European School of Management and Technology—Germany; Viral Acharya, New York University—USA; Diane Pierret, University of Lausanne—Switzerland
Bank lending characteristics and the impact of the recent global financial crisis
Aurore Burietz, IÉSEG School of Management—France; Loredana Ureche-Rangau, Solvay Brussels School of Economics & Management—Belgium
Liquidity provision and interbank market functioning in the Euro area
Florian Heider, European Central Bank—Germany; Marie Hoerova, European Central Bank—Germany; Simone Manganelli, European Central Bank—Germany; Carlos Garcia de Andoain, European Central Bank—Germany