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Financial Institutions and Financial Stability
A UC Davis Graduate School of Management Finance Conference

“Financial Institutions and Financial Stability” is the fourth annual conference hosted by the School’s finance group. Organized by Professor Robert Marquez, the invitation-only forum brings together top researchers to present their latest insights on regulatory reform for financial intermediaries, the past and future role of capital for banks, crisis resolution, and liquidity provision by financial institutions. Speakers from Duke University, New York University, the University of Washington, the International Monetary Fund, and the Federal Reserve Bank will share insights from their latest research, with topics ranging from the response of banks to aid provided to them by the government, to the role capital plays at financial intermediaries, among others.

Conference Schedule, Executive Board Room, 3102 Gallagher Hall


6:30 p.m. – 8:30 p.m.  Informal gathering at Bistro 33 for drinks & conversation 


8:30 a.m. – 9:00 a.m.  Continental Breakfast (Atrium outside board room)
9:00 a.m. – 10:00 a.m.

David Skeie (Federal Reserve Bank of New York)
Repo Runs
Discussant: Giovanni Dell’Ariccia, International Monetary Fund

10:00 am-10:30 AM

Break: Atrium outside board room (coffee)

10:30 a.m.-11:30 a.m.

Philipp Schnabl, New York University
Who Borrows from the Lender of Last Resort
Discussant: Alan Taylor, UC Davis

Luncheon: Executive Meeting Place 2, Davis Hyatt

1:00 p.m. – 2:00 p.m.

Lev Ratnovski, International Monetary Fund                 
Bailouts and Systemic Insurance
Discussant: Tim McQuade, Stanford University (Graduate School of Business)

2:00 p.m. – 3:00 p.m.

Ran Duchin, University of Washington (Foster)
Safer Ratios, Riskier Portfolios: Banks’ Response to Government Aid
Discussant: Andrew Ellul, Indiana University (Kelley)

Break: Atrium outside board room (coffee)

3:30 p.m. – 4:30 p.m.

S. “Vish” Viswanathan, Duke University (Fuqua)
Financial Intermediary Capital
Discussant: Christine Parlour, UC Berkeley (Haas)

5:30 p.m. – 8:00 p.m. Dinner at Seasons