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Program - Second Journées

FINANCING EUROPEAN ECONOMIES: ISSUES AND POLICY OPTIONS

October 25-26, 2001
Palais du Luxembourg, Salle Clémenceau

Thursday 25 October

08h45 - 09h15Registration
09h15 - 09h30Welcome by Alain Lambert (Sénat) and Jean-Pierre Patat (Banque de France)

 

Session I : Financial Stabilité

Chair : Jean-Pierre Patat, Banque de France

09h30 - 10h30Courts and Banks: Effects of Judicial Enforcement on Credit Markets
Magda Bianco (Banca d'Italia)
Tullio Jappelli* (University of Salerno et CEPR)
Marco Pagano (University of Salerno et CEPR)
Discussants:Olivier De Bandt  (Banque de France)
Francesco Giavazzi (Università Bocconi et CEPR)
10h30 - 11h30Estimating the Volatility Effect of a Tobin Tax
Harald Hau (Insead et CEPR)
Discussants :Andrew Haldane  (Bank of England)
Christian Upper (Deutsche Bundesbank)
11h30 - 12h00Pause

 

 

 

Session II : Capital Markets

Chair : Richard Portes, London Business School and CEPR

 

12h00 - 13h00The Impact of Globalization on The Equity Cost of Capital
Gikas Hardouvelis (Economic Office of Prime Minister, Greece, et CEPR)
Dimitrios Malliaropulos* (University of Piraeus)
Richard Priestley (Norwegian School of Management et CEPR)
 Jesper Rangvid  (Copenhagen Business School)
Joseph Bisignano  (Bank for International Settlements)
13h00 - 15h00Lunch
10h30 - 11h30Venture Capital in Europe and the Financing of Innovative Companies
Laura Bottazzi (Università Bocconi et CEPR)
Marco Da Rin* (Università di Torino et IGIER)
Discussants :Jean-Bernard Chatelain  (Banque de France)
Casper G de Vries  (Erasmus University)
16h00 - 17h00The Geography of Equity Listing: Why Do Companies List Abroad?
Marco Pagano* (University of Salerno et CEPR)
Ailsa Roell (Princeton University and CEPR)
Josef Zechner (University of Vienna and CEPR)
Discussants :Asher Blass  (Bank of Israel)
Thomas Gehrig  (Freiburg University)

Galerie Dorée, Banque de France

 

19h00 - 20h00Foundation Monetary Thesis Award  and Cocktail
Governor Jean-Claude Trichet, Chair of the Foundation’s jury, will announce the winner of the first Foundation Award for Best Monetary Thesis defended in France.

 

Friday 26 october

 

Session III : Financial Cycles

Chair : Frederic Mishkin, Columbia University

 

9h00 - 10h00The Financial Accelerator and International Business Cycles under Alternative Monetary Regimes
Jean-Olivier Hairault* (University of Paris I)
Hubert Kempf (University of Paris I)
Simon Gilchrist (Boston University)
Discussants :Ilian Mihov  (Insead et CEPR)
Peter van Els  (De Nederlandsche Bank)

 

10h30 - 11h00The Cyclical Behavior of Inventories: European Cross-country Evidence from the Early 1990s Recession
Fabio Bagliano* (University of Torino)
Alessandro Sembenelli (University of Torino)
Discussants :Patrick Sevestre  (University de Paris XII)
Michel Juillard  (CEPREMAP)
11h00 - 11h30Pause
11h30 - 12h30Do Financial Variables help Forecasting Inflation and Real Activity in the Euro Area ?
Mario Forni (Universitá di Modena et CEPR)
Marc Hallin (Université Libre de Bruxelles)
Marco Lippi (Universitá di Roma La Sapienza et CEPR)
Lucrezia Reichlin* (University of Bruxelles and CEPR)
Discussants :Jacky Fayolle  (OFCE)
Philippe Moutot  (European central Bank)
11h00 - 11h30Pause
12h30 - 14h00Lunch

 

Session IV : Lecture

Chair: Jean-Claude Trichet, Gouvernor

 

14h00 - 14h30Closing remarks
Denise Flouzat, Former member of Banque de France's Monetary Policy Council
14h30 - 15h00How Can Central Banks Cope with the Changing Structure of the Financial Industry?
Frederic Mishkin (Columbia University)
15h00 - 16h00General discussion

* The asterisk denotes the presenter.

Updated on: 03/19/2019 16:54