Journal of Financial Intermediation
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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