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